The law firm agreed to pay $54 million to resolve allegations it aided FTX’s fraud by creating legal structures to hide fund misuse. Fenwick & West LLP will pay $54 million to settle a 2023 class action lawsuit brought by former FTX customers. The plaintiffs accused the fi
Investors adjust expectations as Fed Chair Warsh signals potential rate hikes by year-end amid persistent inflation risks. Investors are dialing back expectations for Federal Reserve interest-rate cuts after Chair Kevin Warsh hinted at a more hawkish stance. The shift foll
DVY posts largest quarterly distribution ever, reinforcing its 3.5% trailing yield from 100 U.S. dividend-paying stocks. iShares Select Dividend ETF (DVY) paid a record $1.61 per share in Q4 2025, its highest quarterly distribution to date. The fund, which tracks the Dow J
Analyst Eric Joseph highlights mid-sized biotech firms for strong pipeline potential and reduced regulatory risks. Citi analyst Eric Joseph has identified two biotech stocks as top picks for 2026, citing a favorable risk-reward profile in the mid-sized segment. The sector’
A major Mexican fast-casual chain exits the US market as dining-out spending falls for the second straight year. A rival to Chipotle Mexican Grill has closed all its US restaurants, citing prolonged declines in customer traffic and rising costs. The shutdown reflects broad
HYPE rallies past $63 as trading fee revenue funds aggressive token repurchases, lifting market cap above $15 billion. Hyperliquid’s HYPE token rose nearly 10% to over $63, driven by a $1.16 billion buyback program fueled by trading fee revenue. The move pushed its market
Meta’s Q1 2026 earnings beat estimates with 33% revenue growth, but higher capex guidance weighs on shares. Meta Platforms reported Q1 2026 revenue of $56.311 billion, up 33.08% year-over-year, and EPS of $10.44, surpassing estimates by 57%. Daily active users reached 3.56
CleanSpark and Plug Power offer long-term growth potential Over the past decade, demand for renewable energy has increased due to decarbonization initiatives and growing power-hungry markets. CleanSpark originally built microgrids to store renewable energy sources and
Shell’s $16.4 billion acquisition of ARC Resources drives HSBC’s upgrade and 14% upside forecast amid stronger cash flow outlook. HSBC upgraded Shell to Buy and raised its price target to £3,700 from £3,350, citing improved growth visibility after Shell’s $16.4 billion pur
Truist reduced Duke Energy’s price target by $5 to $137, citing model revisions ahead of a utilities sector forum. Truist analyst Richard Sunderland lowered Duke Energy’s (NYSE:DUK) price target from $142 to $137 while retaining a Buy rating. The adjustment reflects broade
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