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Cathie Wood buys $529.7 million of popular new stock

Cathie Wood, head of Ark Investment Management, has a history of buying stocks shortly after their IPOs. In recent years, Wood’s Ark funds have invested in newly public companies such as Tempus AI (TEM), Coinbase (COIN), and CoreWeave (CRWV), reflecting…

Market Update: MDT

Market Update: MDT Source link

Roku Is Being Acquired. Here’s What Investors Need to Know.

Rumors were swirling late last week that Roku (NASDAQ:ROKU) had put itself on the auction block. The scuttlebutt suggested that the company was in talks to be acquired by a major U.S. media company, according to Bloomberg, citing “people with…

Move Over, NVIDIA. Meta’s Chip Ambitions May Yet to Be Priced Into the Stock

Quick Read Custom silicon from Meta and Google is pressuring Nvidia’s GPU dominance, with hyperscalers potentially selling AI compute to third parties. Zuckerberg’s wartime AI approach and MTIA’s six-month innovation cycle leave META deeply undervalued at just 21 times trailing…

ICAEW warns HMRC reporting plans will burden small firms

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that the government’s new reporting proposals for close companies will create unnecessary red tape for compliant businesses without effectively tackling tax evasion. Under a consultation issued in March…

JBS to close two US plants amid production review

Meatpacker JBS is shutting two of its factories in the US, impacting around 2,000 jobs. The closures of a beef production facility in Souderton, Pennsylvania and a value-added processing plant in Memphis, Tennessee were announced on Friday (12 June). Production…

Which Real Estate Stock Is a Better Buy in 2026?

Is the future of housing found in sprawling apartment complexes or suburban single-family homes? That’s a question investors will have to weigh when choosing between Camden Property Trust (NYSE:CPT) and Invitation Homes (NYSE:INVH) for their 2026 real estate strategy. Camden…

Gold moves higher following U.S., Iran ceasefire agreement

Gold (GC=F) August futures opened at $4,289.40 per troy ounce on Monday, up 1.2% from Friday’s closing price of $4,238.80. Gold moved even higher in early trading, rising to $4,360.40 by 6:50 a.m. ET. The most significant push toward peace…

On The Border shuts company-owned restaurants in US

Tex-Mex chain On The Border closed all its company-operated restaurants in the US on 12 June 2026. On its website, On The Border posted a notice saying: “After many years of serving our communities, On The Border Mexican Grill &…

Wells Fargo Sees Greater Upside in Qualcomm (QCOM) Ahead of Investor Day

QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 10 Best S&P 500 Dividend Stocks to Buy Right Now. Wells Fargo Sees Greater Upside in Qualcomm (QCOM) Ahead of Investor Day Wells Fargo raised its price recommendation on QUALCOMM Incorporated (NASDAQ:QCOM) to…