The average price of a gallon of gas in the United States has fallen below $4 for the first time since March 30, according to AAA, after the U.S. and Iran signed a preliminary agreement to end their war. Gas prices have fallen for nearly four straight weeks, just in time for the summer driving…
Trailer builder Wabash National, whose stock went from about $30 per share in March 2024 to less than $7 last month, has seen a surge of investor interest on the back of a bullish analyst report. Wabash (NYSE: WNC) is not a company that draws a great deal of interest from sell-side analysts. But on…
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…
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