2 days ago
The MAGS ETF returned 158% since its April 2023 launch but has fallen 4% in 2026 while the S&P 500 gained 8%.
Alphabet, Amazon, Meta, and Microsoft stand out for combining strong cash flows with AI monetization, while Tesla and Apple face steeper growth questions.
Buying the Magnificent 7 as a single basket no longer makes sense, as each stock sits at a different stage of turning AI spending into profit.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The artificial intelligence boom reshaped the stock market faster than almost any investing trend in recent memory. When OpenAI released ChatGPT in late 2022, investors quickly realized AI wasn't another speculative technology story -- it was becoming the next computing platform.
#mags #april
Alphabet, Amazon, Meta, and Microsoft stand out for combining strong cash flows with AI monetization, while Tesla and Apple face steeper growth questions.
Buying the Magnificent 7 as a single basket no longer makes sense, as each stock sits at a different stage of turning AI spending into profit.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The artificial intelligence boom reshaped the stock market faster than almost any investing trend in recent memory. When OpenAI released ChatGPT in late 2022, investors quickly realized AI wasn't another speculative technology story -- it was becoming the next computing platform.
#mags #april
5 days ago
The European Central Bank is expected to leave rates unchanged at its meeting concluding today, choosing patience over prediction and preserving maximum room for manoeuvre ahead of a big decision by September.
Neither traders nor ******* ysts believe the ECB will deliver a second consecutive hike today after last month's increase. That means the deposit rate is seen remaining at 2.25%, a level officials have described as being "appropriate" as they evaluate implications of a re-escalation in the US-Iran conflict.
In an economists' panel for Bloomberg I sat on, most economists left open the chance of a second quarter-point rise in rates by September, when policymakers will have new quarterly projections.
A ceasefire following the June ECB meeting along with weaker-than-anticipated inflation that month had bolstered hopes that the worst of the crisis may have passed. However – fresh hostilities recently, placing Brent oil back around USD 100 a barrel, have revived expectations for more tightening ahead.
Traders currently wager that an initial June move will be followed up by another in September and a final one by the end of this year. The ECB's projections last month were based on ******* umptions for a total of three hikes this cycle.
#september
Neither traders nor ******* ysts believe the ECB will deliver a second consecutive hike today after last month's increase. That means the deposit rate is seen remaining at 2.25%, a level officials have described as being "appropriate" as they evaluate implications of a re-escalation in the US-Iran conflict.
In an economists' panel for Bloomberg I sat on, most economists left open the chance of a second quarter-point rise in rates by September, when policymakers will have new quarterly projections.
A ceasefire following the June ECB meeting along with weaker-than-anticipated inflation that month had bolstered hopes that the worst of the crisis may have passed. However – fresh hostilities recently, placing Brent oil back around USD 100 a barrel, have revived expectations for more tightening ahead.
Traders currently wager that an initial June move will be followed up by another in September and a final one by the end of this year. The ECB's projections last month were based on ******* umptions for a total of three hikes this cycle.
#september
7 days ago
For the first time in the program's history, Medicare is covering weight-loss drugs, and the price tag looks almost too good to pass up.
Beginning July 1, eligible Part D enrollees can access medications including Wegovy, Foundayo, and the Zepbound KwikPen for a flat $50 monthly copay through a temporary federal demonstration called the Medicare GLP-1 (glucagon-like peptide-1) Bridge.
That is a massive discount compared to the retail price of these drugs, which can exceed $1,000 per month without insurance coverage.
It arrives at a moment when roughly 56% of GLP-1 users say affordability is a significant challenge, a poll from KFF, the health policy research organization, found.
But this is not traditional Part D coverage, and the distinction creates financial consequences that could blindside enrollees who ******* ume the program works like every other Medicare prescription benefit they have used.
#part #drugs
Beginning July 1, eligible Part D enrollees can access medications including Wegovy, Foundayo, and the Zepbound KwikPen for a flat $50 monthly copay through a temporary federal demonstration called the Medicare GLP-1 (glucagon-like peptide-1) Bridge.
That is a massive discount compared to the retail price of these drugs, which can exceed $1,000 per month without insurance coverage.
It arrives at a moment when roughly 56% of GLP-1 users say affordability is a significant challenge, a poll from KFF, the health policy research organization, found.
But this is not traditional Part D coverage, and the distinction creates financial consequences that could blindside enrollees who ******* ume the program works like every other Medicare prescription benefit they have used.
#part #drugs
8 days ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
Big things come in small packages.
While tech giants like Nvidia and Apple usually hog the limelight, small- and mid-cap stocks have quietly taken the lead this year. While large-cap indexes are up a respectable 10% on average, smaller companies are sprinting ahead. The S&P MidCap 400 is up 14%, the Russell 2000 has surged about 20%, and the S&P 600 has climbed 21%. It might be time for financial advisors to give the rest of the market a second look.
"You can't deny the incredible returns large-cap funds have generated in recent years, and it's hard to get clients to move away from those numbers, especially given the underperformance of small-caps over the past 10 years," said Andrew Van Alstyne, founder of High Rock Wealth Management. Nonetheless, he sees plenty of upside in small- and mid-caps, typically allocating 20% to 25% of his clients' portfolios to the ****** e. "I've had strong confidence in this sector for a couple of years now. Even in years that small caps have underperformed, I would say that there is still a tremendous opportunity."
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
Big things come in small packages.
While tech giants like Nvidia and Apple usually hog the limelight, small- and mid-cap stocks have quietly taken the lead this year. While large-cap indexes are up a respectable 10% on average, smaller companies are sprinting ahead. The S&P MidCap 400 is up 14%, the Russell 2000 has surged about 20%, and the S&P 600 has climbed 21%. It might be time for financial advisors to give the rest of the market a second look.
"You can't deny the incredible returns large-cap funds have generated in recent years, and it's hard to get clients to move away from those numbers, especially given the underperformance of small-caps over the past 10 years," said Andrew Van Alstyne, founder of High Rock Wealth Management. Nonetheless, he sees plenty of upside in small- and mid-caps, typically allocating 20% to 25% of his clients' portfolios to the ****** e. "I've had strong confidence in this sector for a couple of years now. Even in years that small caps have underperformed, I would say that there is still a tremendous opportunity."
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
12 days ago
Madison Small Cap Fund, managed by Madison Funds, released its Q2 2026 investor letter. A copy of the letter can be downloaded fhere. The small-cap market showed exceptional strength in Q2, largely due to anticipated peace in the Middle East. The Russell 2000 Index began to rally, propelled by Information Technology, Health Care, and Industrials. The Madison Small Cap Fund (Class I) returned 12.7% in the quarter, underperforming the Russell 2000's 21.5% and Russell 2500's 20.2%. While strong gains were seen in Info Tech investments, recent investments in underperforming software companies negatively impacted overall performance. Nevertheless, confidence in the long-term potential of these software investments remains high. The firm is optimistic about small caps, noting their recent outperformance over large caps, recovery in certain software sectors, and improvements in some housing stocks toward the end of the second quarter. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its Q2 2026 investor letter, Madison Small Cap Fund highlighted Extreme Networks, Inc. (NASDAQ:EXTR). Extreme Networks, Inc. (NASDAQ:EXTR) is a cloud driven enterprise networking company that develops and markets network infrastructure equipment and related software. On July 16, 2026, Extreme Networks, Inc. (NASDAQ:EXTR) closed at $29.76 per share, reflecting a market capitalization of $3.93 billion. Extreme Networks, Inc. (NASDAQ:EXTR) posted a one-month return of -3.92%, while its shares gained 71.86% over the past 52 weeks.
Madison Small Cap Fund stated the following regarding Extreme Networks, Inc. (NASDAQ:EXTR) in its Q2 2026 investor update:
"Extreme Networks, Inc. (NASDAQ:EXTR) (market capitalization of ~$4 billion) is a global provider of cloud driven enterprise networking solutions. The company designs and manufactures wired and wireless LAN (local area network) hardware, software-defined networking (SDN) fabric, and cloud-native management tools. They enable critical connectivity for high density, high-security environments, including professional sports stadiums, healthcare systems, and large-scale government and private enterprises. Extreme has successfully pivoted from a legacy hardware vendor to a cloud-managed, software-defined platform, creating deep "stickiness" within its customer base. In enterprise networking, the "specification moat" is significant. Once an organization builds its network fabric and security policies within Extreme's cloud dashboard, the operational risk and cost of migrating to a competitor are prohibitively high. Their strategy of offering superior simplicity and faster deployment times allows them to aggressively take market share from slower-moving, larger incumbents like Cisco and Juniper. The current industry-wide transition to Wi-Fi 7 is a catalyst, as these new hardware deployments inherently drive higher attach rates for Extreme's cloud-management software. We also believe th
In its Q2 2026 investor letter, Madison Small Cap Fund highlighted Extreme Networks, Inc. (NASDAQ:EXTR). Extreme Networks, Inc. (NASDAQ:EXTR) is a cloud driven enterprise networking company that develops and markets network infrastructure equipment and related software. On July 16, 2026, Extreme Networks, Inc. (NASDAQ:EXTR) closed at $29.76 per share, reflecting a market capitalization of $3.93 billion. Extreme Networks, Inc. (NASDAQ:EXTR) posted a one-month return of -3.92%, while its shares gained 71.86% over the past 52 weeks.
Madison Small Cap Fund stated the following regarding Extreme Networks, Inc. (NASDAQ:EXTR) in its Q2 2026 investor update:
"Extreme Networks, Inc. (NASDAQ:EXTR) (market capitalization of ~$4 billion) is a global provider of cloud driven enterprise networking solutions. The company designs and manufactures wired and wireless LAN (local area network) hardware, software-defined networking (SDN) fabric, and cloud-native management tools. They enable critical connectivity for high density, high-security environments, including professional sports stadiums, healthcare systems, and large-scale government and private enterprises. Extreme has successfully pivoted from a legacy hardware vendor to a cloud-managed, software-defined platform, creating deep "stickiness" within its customer base. In enterprise networking, the "specification moat" is significant. Once an organization builds its network fabric and security policies within Extreme's cloud dashboard, the operational risk and cost of migrating to a competitor are prohibitively high. Their strategy of offering superior simplicity and faster deployment times allows them to aggressively take market share from slower-moving, larger incumbents like Cisco and Juniper. The current industry-wide transition to Wi-Fi 7 is a catalyst, as these new hardware deployments inherently drive higher attach rates for Extreme's cloud-management software. We also believe th
13 days ago
PNC Financial Services Group reported record quarterly revenue of $6.88 billion on Wednesday, up 21% from a year earlier, as surging capital markets activity and the addition of FirstBank drove broad gains across the business.
Net income for the second quarter came in at $2.06 billion, or $4.81 per diluted share, a 25% increase from the same period a year ago. On an adjusted basis, which excludes FirstBank integration costs and other one-time items, diluted earnings per share were $4.85, compared with $3.85 a year earlier, the company said.
Capital markets and advisory revenue rose to $577 million, up 80% from last year, thanks to record M&A advisory fees and strong results in other capital markets areas. Total fee income was $2.28 billion, a 20% increase from the second quarter of 2025.
Net interest income totaled $4.11 billion, a 16% year-over-year increase, reflecting contributions from commercial loan growth, the FirstBank deal and a decline in deposit costs. Net interest margin expanded 16 basis points year over year to 2.96%.
Average loans totaled $363.2 billion, up 13% from a year earlier, and average deposits climbed 8% to $457 billion, the company said.
Net income for the second quarter came in at $2.06 billion, or $4.81 per diluted share, a 25% increase from the same period a year ago. On an adjusted basis, which excludes FirstBank integration costs and other one-time items, diluted earnings per share were $4.85, compared with $3.85 a year earlier, the company said.
Capital markets and advisory revenue rose to $577 million, up 80% from last year, thanks to record M&A advisory fees and strong results in other capital markets areas. Total fee income was $2.28 billion, a 20% increase from the second quarter of 2025.
Net interest income totaled $4.11 billion, a 16% year-over-year increase, reflecting contributions from commercial loan growth, the FirstBank deal and a decline in deposit costs. Net interest margin expanded 16 basis points year over year to 2.96%.
Average loans totaled $363.2 billion, up 13% from a year earlier, and average deposits climbed 8% to $457 billion, the company said.
19 days ago
Plug Power Inc. (NASDAQ:PLUG) is one of the Best Penny Stocks to Invest In According to Billionaires. Plug Power Inc. (NASDAQ:PLUG) has announced significant developments over the past months, which have resulted in the stock gaining around 10% over the past 6 months.
Firstly, the company posted results for its fiscal Q1 2026 quarter on May 11. During the quarter, the company reported 22% year-over-year revenue growth to $163.5 million. Although still negative, the gross margins improved sharply from -55% to -13%, driven by cost cuts, better service execution, and more efficient fuel sourcing.
More recently, on June 24, Plug Power announced completing a major milestone at the Måde Power-to-X facility in Esbjerg, Denmark, operated by European Energy. Management noted that the project involved installing, testing, and handing over a 5 MW GenEco PEM electrolyzer system.
The company's containerized system design simplified on-site work and sped up the path to production. With this project, Plug Power now has more than 70 GenEco electrolyzer systems running across six continents, giving it a growing base of operating experience to refine design and commissioning.
Plug Power Inc. (NASDAQ:PLUG) is an alternative energy technology firm. It designs, develops, commercializes, and manufactures hydrogen and fuel cell systems for the material handling and stationary power fields.
Firstly, the company posted results for its fiscal Q1 2026 quarter on May 11. During the quarter, the company reported 22% year-over-year revenue growth to $163.5 million. Although still negative, the gross margins improved sharply from -55% to -13%, driven by cost cuts, better service execution, and more efficient fuel sourcing.
More recently, on June 24, Plug Power announced completing a major milestone at the Måde Power-to-X facility in Esbjerg, Denmark, operated by European Energy. Management noted that the project involved installing, testing, and handing over a 5 MW GenEco PEM electrolyzer system.
The company's containerized system design simplified on-site work and sped up the path to production. With this project, Plug Power now has more than 70 GenEco electrolyzer systems running across six continents, giving it a growing base of operating experience to refine design and commissioning.
Plug Power Inc. (NASDAQ:PLUG) is an alternative energy technology firm. It designs, develops, commercializes, and manufactures hydrogen and fuel cell systems for the material handling and stationary power fields.
20 days ago
Artisan Partners, an investment management firm, issued its first-quarter 2026 investor letter for the "Artisan Mid Cap Value Fund". A copy of this letter is available for download here. In Q1 2026, the portfolio underperformed the benchmark Russell Midcap Value Index as the market favored momentum-driven stocks over quality factors. Some holdings faced company-specific setbacks and negative sentiment. The Fund's Investor Class: ARTQX returned -4.93%, Advisor Class: APDQX declined by -4.90%, and Institutional Class: APHQX fell by -4.97%, all trailing the Index's 3.68% gain. The equity market in the quarter was mixed, with mid- and small-cap indices showing resilience despite lagging large-cap growth stocks. Volatility increased, initially fueled by interest in AI and private credit, but escalated after the outbreak of war in Iran, leading to rising oil prices. Sector performance varied, with energy leading the gains. The Fund continues to seek companies capable of value growth during market dislocations at attractive entry points. Also, review the Fund's top five holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization that provides outsourced development and commercialization services to the pharmaceutical, biotechnology, and medical device industries. On July 7, 2026, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $168.72 per share. One-month return of ICON Public Limited Company (NASDAQ:ICLR) was 16.69%, and its shares gained 12.08% over the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a market capitalization of about $12.92 billion.
Artisan Mid Cap Value Fund stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON Public Limited Company (NASDAQ:ICLR), Humana, Gartner and Pinterest, each of which dropped by 30% or more during the quarter. ICON, a leading provider of outsourced clinical development services to pharmaceutical and biotechnology companies, was the largest detractor. The stock fell sharply—nearly 49% in a single day—after the company announced it would delay its financial results due to an internal review of its accounting, specifically related to revenue recognition in recent years. While ICON indicated its cash position remains intact, the situation raises uncertainty around reported earnings and has pressured investor confidence in the near term. This development comes at a challenging time for the broader contract research industry, where funding constraints and cautious spending by biotech and pharmaceutical companies have already weighed on demand. Although the lack of updated financials limits near term visibility, we believe the stock reflects a more attractive valuation based on conservative ****** umptions for free cash fl
In its first-quarter 2026 investor letter, Artisan Mid Cap Value Fund highlighted ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization that provides outsourced development and commercialization services to the pharmaceutical, biotechnology, and medical device industries. On July 7, 2026, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $168.72 per share. One-month return of ICON Public Limited Company (NASDAQ:ICLR) was 16.69%, and its shares gained 12.08% over the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a market capitalization of about $12.92 billion.
Artisan Mid Cap Value Fund stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q1 2026 investor letter:
"Among the biggest decliners were ICON Public Limited Company (NASDAQ:ICLR), Humana, Gartner and Pinterest, each of which dropped by 30% or more during the quarter. ICON, a leading provider of outsourced clinical development services to pharmaceutical and biotechnology companies, was the largest detractor. The stock fell sharply—nearly 49% in a single day—after the company announced it would delay its financial results due to an internal review of its accounting, specifically related to revenue recognition in recent years. While ICON indicated its cash position remains intact, the situation raises uncertainty around reported earnings and has pressured investor confidence in the near term. This development comes at a challenging time for the broader contract research industry, where funding constraints and cautious spending by biotech and pharmaceutical companies have already weighed on demand. Although the lack of updated financials limits near term visibility, we believe the stock reflects a more attractive valuation based on conservative ****** umptions for free cash fl
21 days ago
With a market cap. of $29.8 billion, Bozeman, Montana-based Fair Isaac Corporation (FICO) is a global ***** ytics software company, recognized for pioneering predictive ***** ytics and data science to help businesses make smarter decisions. Its industry-leading solutions, including the widely used FICO® Score, support organizations in over 80 countries by improving risk management, fraud prevention, customer satisfaction, and operational efficiency across multiple industries.
FICO is set to report its Q3 2026 results soon. Ahead of the release, ***** ysts expect the company to post an EPS of $10.41, a surge of 51.8% from $6.86 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of the last four quarters while missing on another occasion.
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
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FICO is set to report its Q3 2026 results soon. Ahead of the release, ***** ysts expect the company to post an EPS of $10.41, a surge of 51.8% from $6.86 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in three of the last four quarters while missing on another occasion.
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
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24 days ago
Jonathan Wygant, Vice President and Chief Accounting Officer of Veracyte (NASDAQ:VCYT), reported the exercise of 24,000 options and immediate open-market sale of the same number of shares for a total transaction value of approximately $1.09 million, according to the SEC Form 4 filing dated May 27, 2026.
Metric
Value
Shares traded (direct)
24,000
Metric
Value
Shares traded (direct)
24,000
26 days ago
The S&P 500 Index ($SPX) (SPY) on Thursday closed unchanged, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.61%. September E-mini S&P futures (ESU26) fell -0.25%, and September E-mini Nasdaq futures (NQU26) fell -1.82%.
Stock indexes erased early gains on Thursday and settled mixed, with the S&P 500 posting a 2-week high and the Dow Jones Industrial Average hitting a new all-time high. Chipmakers sold off for a second day on Thursday, weighing on the broader market and dragging the Nasdaq 100 sharply lower. Chipmakers opened lower on Thursday after South Korea's Kospi Index fell more than -7% to a 3-week low, led by a plunge in SK Hynix and Samsung Electronics on renewed doubts over the sustainability of the AI buildout boom. Chipmakers also had some negative carryover from Wednesday, when Meta Platforms said it plans to sell computing power, raising questions about excess AI capacity.
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Stock indexes erased early gains on Thursday and settled mixed, with the S&P 500 posting a 2-week high and the Dow Jones Industrial Average hitting a new all-time high. Chipmakers sold off for a second day on Thursday, weighing on the broader market and dragging the Nasdaq 100 sharply lower. Chipmakers opened lower on Thursday after South Korea's Kospi Index fell more than -7% to a 3-week low, led by a plunge in SK Hynix and Samsung Electronics on renewed doubts over the sustainability of the AI buildout boom. Chipmakers also had some negative carryover from Wednesday, when Meta Platforms said it plans to sell computing power, raising questions about excess AI capacity.
SanDisk Slumps 10% But BofA Stays Bullish. Here Is How to Play SanDisk Stock Here.
1 High-Probability Iron Condor Trade on Broadcom Stock to Make Now with 29% Return Potential
Nasdaq Futures Slip as Chip Stocks Extend Slide, U.S. Jobs Report in Focus
26 days ago
Meta's plan to sell surplus computing power hit chip stocks hard on Wall Street. Meta's own shares climbed nearly 9% on the news.
The announcement flipped years of ****** umed AI compute scarcity into a supply warning. It erased billions in semiconductor and neocloud value in a single session.
Meta is building a business called Meta Compute. The unit will lease idle data center capacity to outside clients. The approach mirrors ****** eX's model. ****** eX has rented spare capacity to firms including Anthropic.
For years, investors rewarded chip suppliers on one premise. They believed AI demand always outstripped supply. Meta's admission of excess capacity broke that premise. Recent Nvidia institutional money flow data already show large investors pulling back.
Micron sank more than 10% on July 1. SanDisk, Intel and AMD each lost between 6.9% and 10.6%. Nvidia slipped just 1.25%, a modest decline that stood out against the broader rout.
The announcement flipped years of ****** umed AI compute scarcity into a supply warning. It erased billions in semiconductor and neocloud value in a single session.
Meta is building a business called Meta Compute. The unit will lease idle data center capacity to outside clients. The approach mirrors ****** eX's model. ****** eX has rented spare capacity to firms including Anthropic.
For years, investors rewarded chip suppliers on one premise. They believed AI demand always outstripped supply. Meta's admission of excess capacity broke that premise. Recent Nvidia institutional money flow data already show large investors pulling back.
Micron sank more than 10% on July 1. SanDisk, Intel and AMD each lost between 6.9% and 10.6%. Nvidia slipped just 1.25%, a modest decline that stood out against the broader rout.
26 days ago
President Donald Trump is officially a crypto billionaire, with proceeds from his memecoin and family crypto company accounting for the bulk of his digital **** ets fortune. But the commander-in–chief has also shown an appetite for blockchain-related stocks and more exotic cryptocurrencies, according to a filing from the U.S. Office of Government Ethics released on Tuesday.
Trump's business entities generated more than $635 million in royalty income from his memecoin and almost $600 million through World Liberty Financial—a crypto company he cofounded with his three sons, longtime business **** ociate Steve Witkoff, and Witkoff's two sons. And the president pocketed nearly $197 million through DT Marks SC, a company that owns 38.5% of Stablecoin Holdco, a Miami-based stablecoin venture.
Trump also has exposure to more niche digital **** ets through his crypto businesses. The entity connected to World Liberty Financial received more than $33 million in annual income from Bitcoin and over $150 million from Ethereum over the course of 2025, plus about $1.8 million from staked Ethereum. Through another company named DT Marks Defi, the president also earned more than $5 million across several altcoins, including LINK, AAVE, ENA, MOVE, and ONDO, and over $56 million from the stablecoin USDC. The president's financial disclosure did not clearly specify how these crypto positions generated income. "Neither the president nor his family has ever engaged—or will ever engage—in conflicts of interest," Anna Kelly, a White House spokeswoman, told Fortune in a statement.
A January Wall Street Journal investigation revealed that the Trump family secretly sold a 49% stake in World Liberty Financial to Aryam Investment 1, a company backed by Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan, who serves as the United Arab Emirates' national security adviser. According to the president's latest financial disclosure, his entities DT Marks Defi and DT Marks SC realized nearly $263 million in net proceeds from the sale.
World Liberty Financial did not immediately respond to a request for comment.
Trump's business entities generated more than $635 million in royalty income from his memecoin and almost $600 million through World Liberty Financial—a crypto company he cofounded with his three sons, longtime business **** ociate Steve Witkoff, and Witkoff's two sons. And the president pocketed nearly $197 million through DT Marks SC, a company that owns 38.5% of Stablecoin Holdco, a Miami-based stablecoin venture.
Trump also has exposure to more niche digital **** ets through his crypto businesses. The entity connected to World Liberty Financial received more than $33 million in annual income from Bitcoin and over $150 million from Ethereum over the course of 2025, plus about $1.8 million from staked Ethereum. Through another company named DT Marks Defi, the president also earned more than $5 million across several altcoins, including LINK, AAVE, ENA, MOVE, and ONDO, and over $56 million from the stablecoin USDC. The president's financial disclosure did not clearly specify how these crypto positions generated income. "Neither the president nor his family has ever engaged—or will ever engage—in conflicts of interest," Anna Kelly, a White House spokeswoman, told Fortune in a statement.
A January Wall Street Journal investigation revealed that the Trump family secretly sold a 49% stake in World Liberty Financial to Aryam Investment 1, a company backed by Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan, who serves as the United Arab Emirates' national security adviser. According to the president's latest financial disclosure, his entities DT Marks Defi and DT Marks SC realized nearly $263 million in net proceeds from the sale.
World Liberty Financial did not immediately respond to a request for comment.
27 days ago
By Sarupya Ganguly
BENGALURU, July 1 (Reuters) - The U.S. dollar's recent rebound will fade in coming months as cooling oil prices temper inflation fears and Federal Reserve rate hike bets, a majority of FX strategists said in a Reuters poll, though a sizable minority say the strength is here to stay.
A brief respite from the U.S.-Israeli war with Iran helped lift the greenback about 4% from May's low and sent crude oil prices back to pre-war levels while long-dollar bets climbed to their highest since January 2025, Commodity Futures Trading Commission data showed.
The greenback has also drawn support from U.S. inflation that is well above target, a resilient economy, elevated Treasury yields and news in June nearly half of Fed policymakers expect rates to rise this year. Interest rate futures are pricing in almost two hikes by year-end.
But FX **** ysts in the June 26-July 1 survey defied that pricing, sticking to their long-held view the dollar will weaken.
BENGALURU, July 1 (Reuters) - The U.S. dollar's recent rebound will fade in coming months as cooling oil prices temper inflation fears and Federal Reserve rate hike bets, a majority of FX strategists said in a Reuters poll, though a sizable minority say the strength is here to stay.
A brief respite from the U.S.-Israeli war with Iran helped lift the greenback about 4% from May's low and sent crude oil prices back to pre-war levels while long-dollar bets climbed to their highest since January 2025, Commodity Futures Trading Commission data showed.
The greenback has also drawn support from U.S. inflation that is well above target, a resilient economy, elevated Treasury yields and news in June nearly half of Fed policymakers expect rates to rise this year. Interest rate futures are pricing in almost two hikes by year-end.
But FX **** ysts in the June 26-July 1 survey defied that pricing, sticking to their long-held view the dollar will weaken.
27 days ago
The monthly jobs report showed that the labor market softened in June. The US economy added 57,000 jobs in June, versus 113,000 expected, while the unemployment rate ticked down to 4.2% in June from 4.3% in May.
June's job growth numbers snapped a three-month streak of job growth over 100,000. The numbers also eased significantly from a revised 129,000 jobs added in May.
"I think the underlying message here is the job market went from that sprint of three months in a row of incredible gains to more of a jog," Annex Wealth Management chief economist Brian Jacobsen told Yahoo Finance.
The report comes after a batch of mixed employment data this week. Data on job openings and labor turnover showed that 7.6 million positions were available in May, matching April's levels, and the quits rate of 1.9% was unchanged. At the same time, global outplacement firm Challenger, Gray & Christmas reported that the pace of US job cuts declined to 46,000 in June, in a sign of labor market strength.
Here are the notable job gains and losses in June, by sector:
June's job growth numbers snapped a three-month streak of job growth over 100,000. The numbers also eased significantly from a revised 129,000 jobs added in May.
"I think the underlying message here is the job market went from that sprint of three months in a row of incredible gains to more of a jog," Annex Wealth Management chief economist Brian Jacobsen told Yahoo Finance.
The report comes after a batch of mixed employment data this week. Data on job openings and labor turnover showed that 7.6 million positions were available in May, matching April's levels, and the quits rate of 1.9% was unchanged. At the same time, global outplacement firm Challenger, Gray & Christmas reported that the pace of US job cuts declined to 46,000 in June, in a sign of labor market strength.
Here are the notable job gains and losses in June, by sector:
1 month ago
An independent external legal review commissioned by HDFC Bank found no evidence to substantiate the governance or ethical concerns raised by its former chairman Atanu Chakraborty.
The bank appointed law firms in the March of this year after Chakraborty stepped down, pointing to "certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics" as the rationale for his exit.
The exercise looked at whether the issues referred to in Chakraborty's statement were reflected in the record, whether he had formally noted any disagreement, and whether any such disagreement had been dealt with.
The work was carried out by Wilson Sonsini Goodrich & Rosati and Wadia Ghandy & Co.
Chakraborty called the report "a hugely caveated one and in a sense superfluous" adding that "appointing a law firm is just a compliance process."
The bank appointed law firms in the March of this year after Chakraborty stepped down, pointing to "certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics" as the rationale for his exit.
The exercise looked at whether the issues referred to in Chakraborty's statement were reflected in the record, whether he had formally noted any disagreement, and whether any such disagreement had been dealt with.
The work was carried out by Wilson Sonsini Goodrich & Rosati and Wadia Ghandy & Co.
Chakraborty called the report "a hugely caveated one and in a sense superfluous" adding that "appointing a law firm is just a compliance process."
1 month ago
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1 month ago
This article was originally published on ETFTrends.com.
Active ETFs have become a key part of the overall investing landscape in recent years. Their launches have contributed massively to the pace of overall ETF launches. Meanwhile, active ETF inflows have been a positive, adding some serious ****** ets relative to their overall AUM totals. T. Rowe Price has been a big player therein. VettaFi recently sat down with the firm's head of quantitative equity, Farris Shuggi, to talk about quant investing in that ****** e.
Quant investing and fundamental research together can help produce strong strategies, according to T. Rowe Price's Shuggi.
A fund like TCAL, charging just 34 basis points, can leverage both toolsets to help its approach.
The fund's covered call ETF strategy may make it one to watch right now as investors look for more income.
Active ETFs have become a key part of the overall investing landscape in recent years. Their launches have contributed massively to the pace of overall ETF launches. Meanwhile, active ETF inflows have been a positive, adding some serious ****** ets relative to their overall AUM totals. T. Rowe Price has been a big player therein. VettaFi recently sat down with the firm's head of quantitative equity, Farris Shuggi, to talk about quant investing in that ****** e.
Quant investing and fundamental research together can help produce strong strategies, according to T. Rowe Price's Shuggi.
A fund like TCAL, charging just 34 basis points, can leverage both toolsets to help its approach.
The fund's covered call ETF strategy may make it one to watch right now as investors look for more income.
1 month ago
ASML Holding N.V. (NASDAQ:ASML) is one of the 10 All-Time High Stocks with Legs to Rally Further.
On June 22, 2026, BofA raised its price target on ASML Holding N.V. (NASDAQ:ASML) to $2,345 from $2,268 and maintained a Buy rating. The firm increased its calendar 2027 and 2028 EPS estimates by 1% and 5%, respectively, reflecting higher EUV unit forecasts. BofA expects ASML's order book for calendar 2027 to be full when the company reports Q2 results on July 15, which "might pivot the narrative" toward its 2028 earnings potential.
On the same day, Wells Fargo ****** yst Joe Quatrochi raised the firm's price target on ASML Holding N.V. (NASDAQ:ASML) to $2,200 from $1,750 and maintained an Overweight rating. Wells Fargo expects semiconductor capital equipment companies to continue reporting positive Q2 results.
Earlier in the month, JPMorgan raised its price target on ASML Holding N.V. (NASDAQ:ASML) to $2,200 from $1,813 and maintained an Overweight rating. The firm said the company's messaging "is a lot more positive," pointing to strong customer orders. JPMorgan added that ASML's previously guided capacity of 90 extreme ultraviolet tools is not a ceiling, as the company can increase volumes without constructing new clean rooms.
ASML Holding N.V. (NASDAQ:ASML) develops, produces, sells, upgrades, and services advanced semiconductor lithography systems.
On June 22, 2026, BofA raised its price target on ASML Holding N.V. (NASDAQ:ASML) to $2,345 from $2,268 and maintained a Buy rating. The firm increased its calendar 2027 and 2028 EPS estimates by 1% and 5%, respectively, reflecting higher EUV unit forecasts. BofA expects ASML's order book for calendar 2027 to be full when the company reports Q2 results on July 15, which "might pivot the narrative" toward its 2028 earnings potential.
On the same day, Wells Fargo ****** yst Joe Quatrochi raised the firm's price target on ASML Holding N.V. (NASDAQ:ASML) to $2,200 from $1,750 and maintained an Overweight rating. Wells Fargo expects semiconductor capital equipment companies to continue reporting positive Q2 results.
Earlier in the month, JPMorgan raised its price target on ASML Holding N.V. (NASDAQ:ASML) to $2,200 from $1,813 and maintained an Overweight rating. The firm said the company's messaging "is a lot more positive," pointing to strong customer orders. JPMorgan added that ASML's previously guided capacity of 90 extreme ultraviolet tools is not a ceiling, as the company can increase volumes without constructing new clean rooms.
ASML Holding N.V. (NASDAQ:ASML) develops, produces, sells, upgrades, and services advanced semiconductor lithography systems.
1 month ago
Bank of America recently ***** erted that Apple (AAPL) on June 22 had unveiled "a material positive reset of its AI strategy." While Apple's new strategy does appear to be superior to its previous approach to AI, it's difficult to see how the change will significantly boost the company's top or bottom lines.
Meanwhile, the huge, recent increases in flash-memory prices could cause the company's growth to meaningfully decelerate going forward.
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Meanwhile, the huge, recent increases in flash-memory prices could cause the company's growth to meaningfully decelerate going forward.
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1 month ago
(By Oil & Gas 360) – For much of the modern energy era, executives, investors, and policymakers operated under a shared **** umption that periods of disruption would eventually give way to a familiar pattern. Prices would rise, capital would flow into the sector, production would increase, and supply growth would ultimately restore balance.
Markets might experience volatility along the way, but the underlying cycle remained recognizable. Every downturn carried the expectation of recovery, and every recovery carried the seeds of the next downturn.
That framework helped shape investment decisions for decades. It influenced how companies allocated capital, how governments approached energy policy, and how investors evaluated risk. Yet increasingly, the forces reshaping today's energy markets do not appear to fit neatly within that traditional cycle.
What is emerging instead looks less like a temporary imbalance and more like a structural shift in how the global energy system functions.
The distinction is important because cyclical disruptions tend to resolve themselves over time. Structural changes do not. They alter the **** umptions upon which markets are built.
Markets might experience volatility along the way, but the underlying cycle remained recognizable. Every downturn carried the expectation of recovery, and every recovery carried the seeds of the next downturn.
That framework helped shape investment decisions for decades. It influenced how companies allocated capital, how governments approached energy policy, and how investors evaluated risk. Yet increasingly, the forces reshaping today's energy markets do not appear to fit neatly within that traditional cycle.
What is emerging instead looks less like a temporary imbalance and more like a structural shift in how the global energy system functions.
The distinction is important because cyclical disruptions tend to resolve themselves over time. Structural changes do not. They alter the **** umptions upon which markets are built.
1 month ago
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Tim Cook has spent more than four decades inside the global electronics supply chain.
From IBM to Compaq to Apple, he has lived through shortages, cost spikes, shipping chaos and economic shocks.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
Tim Cook has spent more than four decades inside the global electronics supply chain.
From IBM to Compaq to Apple, he has lived through shortages, cost spikes, shipping chaos and economic shocks.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
1 month ago
Nissan has reportedly abandoned plans to develop a fully electric version of the Qashqai, its best-performing European model, as part of a broader cost-cutting and rationalisation effort.
Citing unnamed sources, Reuters reported that development of the battery-electric variant was quietly wound down early last year.
The Qashqai is central to Nissan's European business, accounting for roughly 45% of the carmaker's total regional sales of 330,000 vehicles in 2025.
The **** anese carmaker had pledged in 2023 to manufacture an electric Qashqai at its Sunderland facility – UK's largest car plant – a commitment the UK government had highlighted as evidence of the country's standing as a global EV manufacturing hub.
No delivery timeline for the electric variant had been set at the time.
Citing unnamed sources, Reuters reported that development of the battery-electric variant was quietly wound down early last year.
The Qashqai is central to Nissan's European business, accounting for roughly 45% of the carmaker's total regional sales of 330,000 vehicles in 2025.
The **** anese carmaker had pledged in 2023 to manufacture an electric Qashqai at its Sunderland facility – UK's largest car plant – a commitment the UK government had highlighted as evidence of the country's standing as a global EV manufacturing hub.
No delivery timeline for the electric variant had been set at the time.
1 month ago
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1 month ago
June 17, 2026, 9:34 am EDT
Markets may soon have to grapple with
another media M&A battle
, just months after the end of the messy Warner Bros. Discovery takeover saga.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Markets may soon have to grapple with
another media M&A battle
, just months after the end of the messy Warner Bros. Discovery takeover saga.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
1 month ago
There's some good news and some not-so-good news on the retirement front from Vanguard.
Americans set aside a record amount of money in their 401(k) accounts last year, according to Vanguard's "How America Saves 2026" report.
But while savings rates are up, so are the number of Americans tapping their 401(k) for emergencies.
Vanguard said 6% of participants made a hardship withdrawal in 2025, the largest share ever and up from 5% in 2024.
"Pressures such as inflation and rising interest rates contribute to increased financial strain among households, and the streamlining of the hardship withdrawal process has made retirement ***** ets more accessible," according to the researchers.
Americans set aside a record amount of money in their 401(k) accounts last year, according to Vanguard's "How America Saves 2026" report.
But while savings rates are up, so are the number of Americans tapping their 401(k) for emergencies.
Vanguard said 6% of participants made a hardship withdrawal in 2025, the largest share ever and up from 5% in 2024.
"Pressures such as inflation and rising interest rates contribute to increased financial strain among households, and the streamlining of the hardship withdrawal process has made retirement ***** ets more accessible," according to the researchers.
1 month ago
Meta Platforms (META) is pouring billions of dollars into the computing power that runs artificial intelligence (AI). Now the social media giant is looking abroad to keep the buildout going.
Meta is in the middle of one of the largest infrastructure pushes in corporate history. On the company's first-quarter 2026 earnings call, Chief Financial Officer Susan Li said the company now expects to spend between $125 billion and $145 billion on capital expenditures this year. That's up from an earlier range of $115 billion to $135 billion. Li pointed to higher component prices, especially memory, as one reason for the jump in capex.
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Meta is in the middle of one of the largest infrastructure pushes in corporate history. On the company's first-quarter 2026 earnings call, Chief Financial Officer Susan Li said the company now expects to spend between $125 billion and $145 billion on capital expenditures this year. That's up from an earlier range of $115 billion to $135 billion. Li pointed to higher component prices, especially memory, as one reason for the jump in capex.
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SpaceX's First Full Week, FOMC and Other Key Things to Watch this Week
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1 month ago
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High-yield savings account rates have been falling, but some of the best accounts still pay above 4% APY. In order to get the highest interest rate possible on your savings, it's important to do your research and find competitive offers. Not sure where to start? Here's a closer look at savings interest rates today and where you can find the best ones.
The average interest rate on a traditional savings account is only 0.38%, according to the FDIC. However, the best savings rates can be found on high-yield accounts, which often pay much more.
As of Tuesday, June 16, 2026, the highest savings account rate available from our partners is 4.10% APY. This rate is offered by Bask Bank.
Here is a look at some of the best savings rates available today from our verified partners:
High-yield savings account rates have been falling, but some of the best accounts still pay above 4% APY. In order to get the highest interest rate possible on your savings, it's important to do your research and find competitive offers. Not sure where to start? Here's a closer look at savings interest rates today and where you can find the best ones.
The average interest rate on a traditional savings account is only 0.38%, according to the FDIC. However, the best savings rates can be found on high-yield accounts, which often pay much more.
As of Tuesday, June 16, 2026, the highest savings account rate available from our partners is 4.10% APY. This rate is offered by Bask Bank.
Here is a look at some of the best savings rates available today from our verified partners:
2 months ago
Is VTOL a good stock to buy? We came across a bullish thesis on Bristow Group Inc. on Valueinvestorsclub.com by Gator19. In this article, we will summarize the bulls’ thesis on VTOL. Bristow Group Inc.'s share was trading at $42.73 as of May 25th. VTOL’s trailing P/E was 11.13 according to Yahoo Finance.
dade72/Shutterstock.com
Bristow Group (NYSE: VTOL) is a global helicopter and aviation services operator positioned for a meaningful earnings inflection driven by a transition from heavy investment into long-duration government contracts, improving pricing in offshore energy services, and emerging optionality in Advanced Air Mobility (AAM).
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
dade72/Shutterstock.com
Bristow Group (NYSE: VTOL) is a global helicopter and aviation services operator positioned for a meaningful earnings inflection driven by a transition from heavy investment into long-duration government contracts, improving pricing in offshore energy services, and emerging optionality in Advanced Air Mobility (AAM).
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
2 months ago
What happened: Marvell Technology (MRVL) stock surged 13% on Monday.
What's behind the move: The semiconductor company, listed on Nasdaq, will officially join the S&P 500 (^GSPC) index on June 22.
Monday morning's gains put Marvell on track to recover much of Friday's losses following a market-wide sell-off. Marvell stock has rallied sharply in recent weeks, fueled in part by comments from Nvidia (NVDA) CEO Jensen Huang, who described the chipmaker as "the next trillion-dollar company.
What else you need to know: The custom chipmaker's market cap sat at around $230 billion on Monday, with shares up more than 210% year to date.
Last month, memory chipmakers Micron Technology (MU), Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they reached $1 trillion valuations for the first time.
What's behind the move: The semiconductor company, listed on Nasdaq, will officially join the S&P 500 (^GSPC) index on June 22.
Monday morning's gains put Marvell on track to recover much of Friday's losses following a market-wide sell-off. Marvell stock has rallied sharply in recent weeks, fueled in part by comments from Nvidia (NVDA) CEO Jensen Huang, who described the chipmaker as "the next trillion-dollar company.
What else you need to know: The custom chipmaker's market cap sat at around $230 billion on Monday, with shares up more than 210% year to date.
Last month, memory chipmakers Micron Technology (MU), Samsung Electronics (005930.KS), and SK Hynix (000660.KS) all made headlines as they reached $1 trillion valuations for the first time.