Rathbones Shares Plunge on Voluntary Freeze of High-Risk Clients – Moby THE GIST Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here. Investment management firm Rathbones Group voluntarily suspended the onboarding of new high-risk…
Builders FirstSource, Inc. (BLDR), based in Irving, Texas, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. Valued at $8.4 billion by market cap, the company has approximately 570 distribution and manufacturing locations, a presence in 43 states, and 90 of the top 100 Metropolitan Statistical Areas. Companies worth…
By Jonathan Stempel June 15 (Reuters) – A federal judge dismissed a lawsuit on Monday by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots. U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen…
Step aside, Palantir (PLTR), there’s a new valuation multiple king in the megacap tech stock town: SpaceX (SPCX). The insight: With its scorching-hot debut on public markets now in the books, SpaceX is trading on a trailing 12-month price-to-sales ratio of 110 times, compared to 63 times for Palantir, which has long been viewed as…
Cardinal Health, Inc. (CAH), headquartered in Dublin, Ohio, is a global healthcare distributor and manufacturer serving hospitals, pharmacies, and laboratories. The company distributes pharmaceuticals, including branded and generic drugs and manufactures and distributes medical and laboratory products, such as surgical supplies and diagnostic tools. It also provides performance and data solutions to help healthcare facilities optimize…
Quick Read Warsh explicitly stated he does not believe in forward guidance and may eliminate the dot plot that has guided markets since 2012. Removing the dot plot would likely spike short-term market volatility, as Goldman Sachs links clear Fed communication to lower borrowing costs and reduced shocks. The shift forces investors to track real…
Investors in the “Magnificent Seven” stocks are growing more restless about whether heady investments in AI capital expenditures will yield fruitful results. The analysis: The AI capital expenditures boom is likely to weigh on returns on equity (ROE) for the megacap tech stocks in the coming years, Goldman Sachs strategist Ben Snider warned in a…
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw…
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw…
By Karen Brettell and Sophie Kiderlin NEW YORK/LONDON, June 15 (Reuters) – The U.S. dollar fell broadly on Monday, hitting a 10-day low against the euro and sterling, after a preliminary agreement to end the U.S.-Iran war pushed oil prices and Treasury yields lower while boosting risk sentiment. U.S. and Iranian officials said on Sunday…
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