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CE 100 Slides 1.8% as Payments Names Dive
- CE 100 index finished 1.8% lower amidst volatile trading and Middle East conflict concerns.
- Inflation slowed in May despite negative market sentiment.
- Be Well sector rose 0.3%, led by Aetna CVS with over 10% gains.
- Oracle shares surged 23.7% on positive earnings, with strong revenue growth and cloud performance.
- Payment-focused names declined, with the Pay and Be Paid segment slipping by 2.9%.
- Worldpay expanded partnership with Visa for enhanced 3D Secure solution.
- Walmart's collaboration with Synchrony to launch a credit card program led to a 3% drop in Walmart's shares.
- Apple shares declined by 3.7%, and Amazon and Walmart are exploring stablecoin issuance.
- Nvidia CEO focusing on quantum computing as the next critical AI enabler.
- PayPal doubling down on AI and personalization strategy to stay competitive in the market.
- iRobot saw an 18.9% decline in the Live segment despite recent gains from a waiver extension.
- CE100 index reversed recent gains, with various sectors experiencing mixed performances.
- Visa shares dropped by 4.7% amidst market downturn.
- AI-powered Siri upgrade by Apple delayed for release in spring 2026.
- Nvidia CEO believes AI will create more jobs than it cuts, emphasizing productivity impact.
- PayPal utilizing AI and data-driven personalization for competitive advantage, with shares falling by 3.5%.
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