- Powerlaw Corp., a closed-end fund that owns stakes in Elon Musk’s SpaceX and artificial intelligence firm OpenAI, traded well above the value of its underlying investments in its debut on Wednesday, capitalizing on retail investors’ clamor for exposure to the hottest private...
The infrastructure contractor raised full-year guidance to $7.38 billion–$7.65 billion after Q1 beat driven by fiber-to-the-home projects. Dycom Industries raised its full-year revenue guidance to $7.38 billion–$7.65 billion, citing robust demand for fiber-to-the-home buil
AMD (NASDAQ:AMD) stock is up over 2x this year and more than 4x in the last twelve months. AMD stock is up over 2x this year and more than 4x in the last twelve months The driver is simple: the AI build-out is enormous - and which company, big or small, or which gov
The watchmaker raises its quarterly dividend by 5 cents while signaling moderating revenue expansion in the current quarter. Movado Group increased its quarterly dividend to $0.40 per share, up from $0.35, reflecting confidence in cash flow despite softer sales momentum. T
Capri Holdings (NYSE:CPRI) reported fiscal fourth quarter results that showed stronger-than-expected profitability but weaker-than-expected revenue, sending shares down more than 6% on Wednesday afternoon. The company posted adjusted earnings per share of $0.22, more than
The firm cites growing legislative momentum and clearer rules as key factors for re-entering the U.S. market after a multi-year exit. Nexo, a major global crypto lender, is re-entering the U.S. market after withdrawing in 2022 due to regulatory uncertainty. The move follow
A new USDA-backed initiative targets an 800 million-pound protein gap for food-insecure households with refrigeration funding and low-cost supplies. Motivational speaker Tony Robbins has committed roughly $10 million to a $40 million partnership aimed at closing America’s
PDD Holdings reported $15.4 billion in Q1 revenue, falling short of the $15.9 billion consensus as earnings per share hit $1.38 versus $2.23 expected. PDD Holdings Inc (NASDAQ:PDD) shares declined nearly 11% after first-quarter results missed analyst expectations. Revenue
Selling stocks after one year can reduce tax liability The One-Year-and-a-Day Rule can significantly impact tax efficiency. Short-term capital gains are taxed as ordinary income, with rates reaching 30, 37 to 39%. Long-term capital gains rates typically cap at 15
Japan’s industry ministry will officially switch the benchmark for calculating gasoline price subsidies back to Dubai crude prices from Brent crude, effective June 4, after Dubai crude prices stabilized and the gap between Dubai and Brent has narrowed, allowing for more accurate...</stron
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