Stocks News

Germantown, Tennessee-based Mid-America Apartment Communities, Inc. (MAA) is a self-managed residential real estate investment trust (REIT) with a market cap of $15.5 billion. It focuses on delivering full-cycle investment performance through the acquisition, development, redevelopment, and professional property management of high-quality, multifamily rental communities. Companies valued at $10 billion or more are typically classified as “large-cap…

June 19 (Reuters) – Commonwealth Bank of Australia named Victoria Ledda as group chief information officer and Rodrigo ‌Castillo as group chief technology officer on Friday as ‌the lender sharpens its focus on digital, data and artificial intelligence capabilities. Here ​are some details: • Ledda will lead business-aligned technology strategy and delivery across the group,…

With many households still feeling stretched with higher prices, Costco Wholesale (COST) just lowered the price tags on some of its top Kirkland Signature products. In an attempt to alleviate price strain, the company said four items would see price cuts between $1 and $10. These items are Kirkland Signature Crispy Wings (dropped from $16.99…

NA-Library_MoneyCautionSign_Header Image copy.png Chloe Ladwig/PitchBook Startup valuations in news headlines don’t always match the price every VC paid behind the scenes. While letting investors in the same funding round at different valuations isn’t a new invention, the AI boom has enabled some founders to play favorites in this way. And VCs tell PitchBook they’re seeing…

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…