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TD SYNNEX Launches FinOps Fusion
TD SYNNEX announced the launch of FinOps Fusion. Part of TD SYNNEX's Destination AI enablement framework, FinOps Fusion provides partners with greater visibility into their end customers' AI token usage.
TD Synnex Enters Agreement to Acquire BlueStar
TD Synnex has entered into a definitive agreement to acquire BlueStar, a specialty distributor that it says is "recognized for its expertise" in Automatic Identification and Data Capture, operational technology, mobility, RFID, point-of-sale, digital signage, networking, robotics and security technologies. The transaction is subject to customary regulatory approvals and other closing conditions. "The proposed transaction reflects a shared commitment to helping channel partners grow through deep expertise, strong vendor relationships and customer-focused support. The combination is expected to provide customers and vendors with access to broader technology offerings, expanded resources and specialized capabilities while preserving the expertise that has defined BlueStar's success. Until any transaction is completed, TD Synnex and BlueStar will continue to operate independently. Both companies remain committed to independently supporting their partners throughout the regulatory review process and will provide updates as the transaction progresses," TD Synnex said.
SignWell Forms Strategic Partnership with TD Synnex
SignWell announced a strategic distribution partnership with TD Synnex to expand access to SignWell's electronic signature platform through IT resellers across the United States. Through the partnership, TD Synnex reseller partners can now offer SignWell's SaaS and API eSignature platform to customers seeking secure electronic signatures, document workflow automation, and embedded signing capabilities.
CyberFOX Signs New Distribution Agreement with TD Synnex
CyberFOX announced a new distribution agreement with TD Synnex. Under the agreement, TD Synnex will distribute the full CyberFOX portfolio to its North American partner network. The portfolio includes CyberFOX AutoElevate for privileged access management, CyberFOX Password Manager, CyberFOX DNS Filtering, an AI-powered web protection solution, and Timus SASE, a CyberFOX Platform.
Major Averages Decline for Second Day, Oil Prices Surge Nearly 4%
The major averages were broadly lower for a second day in a row and Treasury yields kept climbing with investors expecting further rate hikes from the Fed. A drop in Oracle shares also weighed on the broader tech sector even amid renewed AI optimism following Meta's Muse product rollout event. Meanwhile, oil prices surged nearly 4% amid continued tensions in the Middle East.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Metaannounced a series of new products, including Meta VR glasses, the Muse Charm device, and its first line of audio glassesQualcommrenewed its global patent license agreement with AppleStarbuckssaid it will close 250 coffeehouses later this weekDardenreported mostly in-line Q1 results and reiterated its FY27 earnings outlookPeople Incorporatedwithdrew its takeover bid for MGM Resorts, sayin git "didn't feel the mix was coming together"2. WALL STREET CALLS:Alkamidouble downgraded to Underweight from Overweight at JPMorganJPMorgan upgraded CoreWeaveto Overweight on strong demandCiti downgraded Dropboxto Sell with too much AI success priced inDollar Generalupgraded to Buy at HSBC on recovery progressArgus cut Yum! Brandsto Hold on headwinds to profit target3. AROUND THE WEB:Alibabais accelerating its data center expansion in Europe and the Middle East as part of its global infrastructure buildout, Bloomberg reportsHondais in advanced discussions to build a hybrid vehicle plant in the U.S. for $1.8B-$2.5B, Nikkei Asia saysAmazonwill spend $3B to grow its quick-commerce business in India by 2030, Reuters reportsOraclesent Blue Owl Capital, the developer of its data center being built in New Mexico, a notice citing force majeure, Bloomberg saysMorgan Stanleyis working to contain the damage from its leaked deal list, Bloomberg reports4. MOVERS:Everpuregains after backing its guidance for FY27 and providing its outlook for FY28Grailincreases after FDA voted to recommend approval for its GalleriNebiushigher in New York after BNP Paribas upgraded the stock to OutperformTD Synnexfalls after reporting Q3 results and providing guidance for Q4Viking Therapeuticslower after announcing a 7.86M share offering5. EARNINGS/GUIDANCE:BlackBerryreported Q2 results and provided guidance for Q3 and FY27Trio-Techreported Q4 results, with EPS lower year-over-yearDucommunreaffirmed its outlook for FY26TransUnionbacked its outlook for Q3 and FY26H.B. Fullerreported Q3 results, with EPS beating consensusINDEXES:Near midday, the Dow was down 335.02, or 0.65%, to 51,176.57, the Nasdaq was down 193.11, or 0.72%, to 26,742.93, and the S&P 500 was down 36.55, or 0.47%, to 7,669.48.
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