If you have money in a pension fund, a state retirement system, or a university endowment, your savings may be tangled in one of Wall Street’s most contentious practices. The Securities and Exchange Commission’s enforcement division has opened a probe into private equity continuation vehicles, which made up the majority of $106 billion in fund
The post-IPO drop from SpaceX could be felt by traders who chased one of the hottest public offerings in years. It’s quickly turning into something bigger. SpaceX (SPCX) has already transitioned from market spectacle to portfolio reality. Some investors might own SpaceX without ever purchasing the stock now that major index funds from Vanguard and
Nike (NKE) has spent nearly two years trying to convince investors that it’s on track to deliver a turnaround in its business. However, this week, Evercore ISI, a closely followed Wall Street firm, said the evidence on ground indicates otherwise, InvestorsHub noted. Nike’s stock is one of the worst performers among large consumer brands in
A new S&P Global report just flashed a 2008-era warning inside arguably the most important parts of the U.S. economy. For perspective, factory activity expanded in June, and the manufacturing PMI came in stronger than expected by economists. However, underneath that better-than-expected reading, employers sent a very different signal. Factory job cuts are now running
Once associated primarily with a devastating civil war that lasted between 1990 and 1994 and ended in one of the worst genocides in modern history, the East African nation of Rwanda has, in its post-war history, attracted growing numbers of tourists who have more positive associations with the country. These days, international visitors come to
Marvell (MRVL) has gained about 215.72% year to date at the time of writing, Wednesday afternoon, June 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 7.41% in the same period. The semiconductor giant has rallied thanks to its role in the AI boom. Positive news driving Marvell’s stock includes: Strong fourth-quarter fiscal
Broadcom (AVGO) just got a new validation point in the artificial intelligence chip race: OpenAI’s first custom chip, Jalapeño, unveiled on June 24. The chip was designed with Broadcom and built for inference, the computing process that allows products such as ChatGPT to respond to user requests. For Broadcom, the project is another sign that
Cathie Wood, chief of Ark Investment Management, likes to double down on her favorite tech stocks, especially when the prices are falling. That’s what she just did, buying a megacap tech stock amid a broader market sell-off. In 2025, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in
Micron Technology’s (MU) Q3 2026 earnings report landed on June 24, giving the AI trade a badly needed jolt. Goldman Sachs had cautioned that the positioning was bullish, expectations were high, and the stock’s huge run left little room for disappointment. Then Micron delivered more than a beat. Revenue, margins, and guidance came in well
June 23 gave me three reasons to pay closer attention to International Business Machines (IBM), also known simply as “Big Blue.” All three arrived together in a period of less than 48 hours. June 23, JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral, raising his price target to $291 from $270, according to