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PMT Sets Quarterly Dividend at $0.40 Per Share

PennyMac Mortgage Investment Trust maintains its quarterly payout at $0.40, matching prior periods with a 15.7% forward yield. PennyMac Mortgage Investment Trust announced a $0.40 per share quarterly dividend, unchanged from its previous distribution. The payout equates to

  • mohammad501ps@gmail.com
  • June 17, 2026
  • macro

US Retail Sales Rise 0.9% in May, Topping Forecasts

May retail sales reached $763.7 billion, exceeding expectations and signaling resilient consumer demand amid economic uncertainty. US retail sales climbed 0.9% month-over-month in May to $763.7 billion, accelerating from April’s 0.5% gain. The print surpassed the consensus

  • mohammad501ps@gmail.com
  • June 17, 2026
  • macro

US Retail Sales Rise 0.9% in May, Topping Forecasts

May retail sales climbed to $763.7 billion, exceeding expectations and signaling resilient consumer demand ahead of the FOMC decision. US retail sales increased 0.9% month-over-month in May to $763.7 billion, surpassing the 0.5% consensus forecast. The gain followed a 0.5%

  • mohammad501ps@gmail.com
  • June 17, 2026
  • stocks

Smartbird Taps Nadia Carlsten as CEO, Boosts Financing to $100 Million

Smartbird appoints new CEO and doubles convertible financing facility to strengthen its balance sheet amid leadership transition. Smartbird (NASDAQ: BIRD) named Nadia Carlsten as its new President and CEO, replacing Joe Vernachio with immediate effect. The move follows the

  • mohammad501ps@gmail.com
  • June 17, 2026
  • stocks

Netflix Shares Drop 27% in Two Months on Deal Failures, Growth Concerns

Netflix stock falls below key moving averages as investors react to failed acquisitions and weaker-than-expected revenue guidance. Netflix shares declined 4% in Tuesday’s session, extending a 27% drop over the past two months. The sell-off follows failed bids for Roku and

  • mohammad501ps@gmail.com
  • June 17, 2026
  • stocks

Italy Approves Leonardo-Baykar Drone Joint Venture With Export Limits

The deal combines Italian defense integration with Turkish drone expertise but restricts sales to NATO-aligned nations. Italy has greenlit a joint venture between defense firm Leonardo and Turkish drone manufacturer Baykar, imposing export restrictions to protect national

  • mohammad501ps@gmail.com
  • June 17, 2026
  • stocks

SpaceX Debuts at $150, Closes at $160.95 in Record IPO

SpaceX shares surged 19.2% from their $135 IPO price, ending Day 1 with a $2.1 trillion market cap. SpaceX opened its first trading day at $150 per share after pricing its IPO at $135, closing at $160.95 for a 19.2% gain. The stock peaked at $176.52, with over 500 million

  • mohammad501ps@gmail.com
  • June 17, 2026
  • macro

US Retail Sales Jump 0.9% in May, Topping Forecasts

May retail sales rose faster than expected, signaling stronger consumer demand amid economic uncertainty. US retail sales increased 0.9% in May, exceeding the 0.5% consensus forecast. The gain follows a 0.5% rise in April and reflects broad-based strength across categories

  • mohammad501ps@gmail.com
  • June 17, 2026
  • forex

Canada New Home Prices Dip 0.3% in May After April Decline

May’s 0.3% drop in Canada’s new housing price index signals ongoing softness in the housing market amid broader economic pressures. Canada’s new housing price index fell 0.3% in May, slightly improving from April’s 0.4% decline. The index tracks prices charged by builders

  • mohammad501ps@gmail.com
  • June 17, 2026
  • politics

ECB Hikes Rates by 25 Basis Points as Energy Shock Fuels Inflation

Eurozone inflation hits 3.2% in May, prompting the ECB's first rate increase since 2023 amid persistent energy price pressures. The European Central Bank raised its key interest rate by 25 basis points to 2.25%, the first hike since 2023, citing energy-driven inflationary

  • mohammad501ps@gmail.com
  • June 17, 2026
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