Investors did not like what they heard from new Federal Reserve Chair Kevin Warsh on Wednesday. As a result, the S&P 500 lost 1.21%, the Dow was off 0.98%, and the Nasdaq Composite lost 1.34%. The key near-term comment from Warsh was that the Fed was holding interest rates steady. That’s not what tanked the…
In recent years, trade tensions have revealed the U.S.’s heavy reliance on China for rare-earth elements and other critical materials used in advanced magnets, which are central to much of today’s technology. The United States is taking drastic action to rebuild its supply chain for critical minerals, including taking an ownership stake in U.S.-based MP…
Hamilton, Bermuda-based Everest Group, Ltd. (EG) specializes in property, casualty, and specialty insurance and reinsurance solutions designed to manage complex, large-scale risk. It is valued at a market cap of $13.4 billion. Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and EG fits the label perfectly, with its market cap exceeding this threshold,…
June 18 (Reuters) – Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped nearly 9% on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8% to $174.8, after falling nearly 5% in the last session. Despite…
One of the nation’s largest trucking companies is partnering with a fast-growing driver training provider to expand commercial driver’s license education in Alabama. FleetForce Truck Driver Training announced Tuesday that it has partnered with Swift Transportation to offer CDL training and certification at Swift’s terminal in Mobile, Alabama. The program is designed to help address…
By Nupur Anand and Saeed Azhar June 18 (Reuters) – SpaceX’s bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, two sources familiar with the matter said on Thursday, as Elon Musk’s newly public company seeks funding for an ambitious and capital-intensive AI…
The Direxion Daily Semiconductor Bull 3X ETF (NYSEMKT: SOXL) is soaring today. What started as a milder 16% opening-bell increase evolved into gains around the 20% mark from 11 a.m. ET to noon ET. The 3x leveraged version of the classic iShares Semiconductor ETF (NASDAQ: SOXX) reflects a swell of enthusiasm in the chip sector,…
June 18 (Reuters) – Kardigan’s shares rose 1.6% in their Nasdaq debut on Thursday, after the heart drug developer raised $400 million in an upsized U.S. initial public offering. The Princeton, New Jersey-based company’s shares opened at $16.25, above its IPO price of $16 per share, after Kardigan sold 25 million shares on Wednesday at…
Quick Read USHY delivers a near-7% monthly yield at a rock-bottom 0.08% expense ratio, with total returns reaching 24% over the past five years. USHY’s 54% BB-rated tilt cushions income, but its 11% CCC sleeve poses the sharpest default risk if the credit cycle turns. Morningstar warns high-yield spreads sit at decade-narrow levels, signaling stretched…
Publisher’s Note: Right now, under the radar, every company in the Magnificent 7 is pouring a combined $30 billion-plus into one little-known technology breakthrough. It is not data centers, chip manufacturing, energy, or rare earths. It is something hiding in plain sight, and the smartest money on earth has been moving into it for months….
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