Concentration in mega-cap tech stocks hits a record, surpassing the 2000 dot-com peak by 14 percentage points. The 10 largest US stocks, dominated by the Magnificent Seven, now account for 41% of the S&P 500’s market capitalization. This marks a 14 percentage point increas
Quick Read - Nvidia (NVDA) posted Q1 FY27 revenue of $81.61B, up 85.2% YoY, with Data Center revenue reaching $75.25B (+92% YoY) and net income of $58.32B, yet shares remain 6.88% down from last week despite the beat. - Nvidia needs a 13.9% gain to reach $250 per share and join...</strong
Trump Media offloads 2,650 BTC amid $455 million losses, signaling financial strain after a $405.9 million Q1 net loss. Trump Media & Technology Group (NASDAQ: $DJT) has transferred 2,650 Bitcoin, valued at $205 million, to Crypto.com, likely preparing to liquidate the ass
Investors around the world are in good spirits Friday morning, setting the S&P 500 on track to rise for its eighth straight week. U.S. stocks opened higher, bolstered by continued enthusiasm surrounding AI, aerospace and other emerging tech That is likely to send th
The luxury retailer reported $1.97bn in Q4 revenue, driven by 31% growth in Asia and strong direct-to-consumer sales. Ralph Lauren reported fourth-quarter net revenue of $1.97bn, a 17% increase year-over-year, led by a 31% surge in Asia and robust direct-to-consumer perfor
DeFi hacks lead to $14 billion outflows DeFi bridges are being targeted by hackers, resulting in significant losses. The $285 million Drift Protocol exploit and $290 million KelpDAO breach are recent examples. Total value locked across DeFi fell to around $86 billio
One of Italy’s only publicly traded large pharma companies could soon be taken into private ownership, after private equity firm CVC Capital Partners and Belgian investment group Groupe Bruxelles Lambert (BGL) launched a $12.4bn (€10.7bn) takeover bid for Recordati. At the
The move reduces outstanding shares from 14.8M to 744K to meet Nasdaq’s $1.00 minimum share price requirement. Sadot Group (SDOT) will implement a 1-for-20 reverse stock split effective May 27, 2026, cutting its outstanding common shares from approximately 14.8 million to
DraftKings' cautious guidance weighed on its stock, underperforming broader market benchmarks in Q1 2026. DraftKings Inc. (NASDAQ:DKNG) closed at $25.40 on May 21, 2026, reflecting a 7.51% one-month decline and a 32.33% drop over the past year. The company’s market capital
Major indices climb in early trading, driven by hopes for diplomatic progress, though officials caution talks remain incomplete. US stocks opened higher Friday, with the Dow gaining 340 points, the S&P 500 up 46 points, and the Nasdaq rising 152 points. Investors focused o
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