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KLA approved a 10-for-1 stock split and raised its dividend, a clean corporate-action catalyst for a notable move. The interesting question is not whether splits create value—they do not—but why quality compounders keep using them anyway.
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SpaceX traded 522 million shares in its initial Friday trading session, gaining 19.2%, and inflating market capitalization to $2.105 TN. The semiconductors rallied 9.4% (up 89% y-t-d), while the Nasdaq 100 recovered 2.3%.
Bankers working the deal, led by Goldman Sachs and Morgan Stanley as the co-lead, priced SpaceX at $135/share last night, giving the company a market cap of roughly $1.77 trillion. As of now, SpaceX is the sixth largest US company behind Amazon at $2.54 trillion and ahead of Broadcom at $1.81 trillion.
Following the pricing of the SpaceX IPO, Elon Musk has become the world's first trillionaire, on paper. Most of Musk's wealth is not cash.
Sen. Kevin Cramer, R-N.D., and Forbes Media chairman and editor-in-chief Steve Forbes discuss the economy, inflation and the outlook for U.S. growth on ‘Kudlow.
Last week saw significant rotation into small and micro caps, with large caps lagging and the Mag 7+ losing support. Investors shifted toward value over growth for the second consecutive week, favoring smaller, cheaper stocks over the Magnificent Seven.
Trading is all about the SpaceX IPO today. Markets embrace possible ‘great settlement' with Iran.
Consumer sentiment has ticked up as gas prices eased, according to preliminary results for June from the University of Michigan's Surveys of Consumers. The report's Index of Consumer Sentiment improved by about four index points, or 9%, compared to May.
Value stocks are putting up big gains this year that widely surpass growth equities, with investors appearing optimistic about earnings growth broadening beyond technology.
Warsh will hold his first Fed meeting next week in Washington. President Donald Trump tapped Warsh to lead the central bank as the president angles for lower interest rates.
World shares advanced on Friday, tracking big Wall Street gains, while oil prices sank more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.High oil prices have added to inflationary pressures globally as the Strait of Hormuz, a key waterway for the world's oil and gas transit, remained largely closed.
I'm not ready to call the lows, as this pullback does not feel washed out to me. The June FOMC meeting is the next big test.
The S&P Technology Sector ETF remains in a strong uptrend, with sentiment indicators signaling the advance since March is not over. The depth of the current correction will determine if XLK goes parabolic or transitions to a more typical, slower advance.
This upbeat assessment has nothing to do with if, when and how the war in Iran gets resolved, the price of oil CL00-3.68% BRN00-0.40%, inflation, the November midterm elections, SpaceX's IPO SPCX+18.21% or any of the other events that are dominating the financial news.
AI spending is helping to boost industrials, but there are other trends at play. Mining, automation and transportation have also been lifting the sector.
Fiscal expansion and easing inflation are driving a strong private sector surplus, with May seeing a $345B injection and positive market implications. Sectoral balances and fiscal flows suggest markets will likely end June higher, reversing last month's weakness due to a robust fiscal impulse from a low base.
Treasury bill paydowns in mid-June will temporarily ease liquidity pressures on risk assets, but this relief is likely short-lived. Net T-bill issuance resumes in July, with Treasury expecting to borrow $671 billion in Q3, significantly increasing cash drain.
The march of trillicorn initial public offerings doesn't portend doom for investors. But it's worth keeping an eye on just the same.
Oil markets are losing ground as traders focus on news from the Middle East.
The abridged version of this week is that all three major indexes nabbed weekly wins, though the longer story is much more complex.
Bitcoin is experiencing a "classic bear market," says @CharlesSchwab 's Jim Ferraioli. as the cryptocurrency continues a 50% fade from all-time highs.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) CEO Mark Learmonth joined Proactive this week to discuss the latest high-grade drilling results from the Motapa gold project, highlighting progress towards a maiden mineral resource estimate expected later this year. In this interview, Learmonth outlines the project's exploration success, potential synergies with the neighbouring Bilboes development, and key milestones investors should watch in the coming months.
Blue Owl Capital Corporation trades at a -22.4% discount to NAV, offering a portfolio of senior secured loans at 78 cents on the dollar. Despite a dividend cut to $0.31 per share and a Q1 earnings trough, OBDC's credit quality improved, spreads widened, and buybacks are accretive to NAV. Software sector fears appear overdone; repayments at par and double-digit EBITDA growth support the resilience of OBDC's largest portfolio segment.
JPMorgan Chase entered the year expecting net interest income growth of about 7%. The company didn't update that guidance as rate cuts became less likely.
CEO Claire Mazumdar sold 15,000 shares for a transaction value of approximately ~$301,000, based on a weighted average price of around $20.04 per share on May 18, 2026. This represented 3.98% of Mazumdar's direct holdings prior to the transaction, with post-transaction direct ownership at 362,152 shares.
Boston Scientific's shares have fallen over 50% year to date as the medtech company continues to walk back full-year 2026 guidance. Sell-side analysts remain relatively upbeat on the stock.
A US Department of Justice (DOJ) investigation into the proposed Paramount Skydance acquisition of Warner Bros Discovery (WBD) has determined the merger is not likely to harm competition in the industry or be harmful to consumers.
SouthState Bank Corporation is upgraded from ‘hold' to a soft ‘buy' following the successful integration of its Independent Bank Group merger. SSB's profitability and scale have increased, with net profits rising from $89.1M to $225.8M and assets now at $68B. Asset quality is strong, with return on assets at 1.37% and return on equity at 10.11%, both exceeding peer averages.
Workday remains a compelling buy, trading at attractive multiples after a 30% YTD decline despite consistent top-line performance and robust demand. AI-driven products are catalyzing >50% larger expansion deals, with agentic AI ACV tripling year-over-year and ARR from AI solutions nearing $500 million. WDAY boasts >97% gross retention, 15.5% y/y backlog growth, and pro forma operating margin expansion to 31.8%, exceeding its 30.5% FY27 target.
San Diego, California--(Newsfile Corp. - June 12, 2026) - Robbins Geller Rudman & Dowd LLP announces that purchasers of GeneDx Holdings Corp. (NASDAQ: WGS) common stock between April 16, 2025 and May 4, 2026, both dates inclusive (the "Class Period"), have until August 3, 2026 to seek appointment as lead plaintiff of the GeneDx class action lawsuit. Captioned Basma v.
CFO Sheri Savage sold 14,421 shares for a total transaction value of approximately $1.29 million, based on a weighted average sale price of $89.45 per share on June 4, 2026. This transaction represented 17.83% of Savage's direct holdings, reducing her position to 66,476 shares post-sale.