Apple overtook Nvidia on Friday to become the world's most valuable company, ending nearly a year at the top for the chipmaker as investors reassessed the AI trade. Apple closed with a market capitalization of $4.88 trillion, while Nvidia's valuation slipped to approximate
June freight expenditures climbed due to higher truckload rates and fuel surcharges despite a 4.1% year-over-year decline in shipments. Freight expenditures rose in June, driven by elevated truckload linehaul rates and fuel surcharges, even as shipments fell 4.1% year over
The Philadelphia SE Semiconductor Index posts its worst weekly decline since March 2025 amid profit-taking and AI capex concerns. Semiconductor stocks extended losses this week, with the Philadelphia SE Semiconductor Index falling 11%, its steepest weekly drop in over a ye
Quick Read - Buffett said "I initiated it," personally claiming Berkshire's (BRK-B) $10 billion Alphabet (GOOGL) private placement as his idea, not incoming CEO Greg Abel's. - Unlike Berkshire's Apple (AAPL) position built through public markets, the Alphabet deal's structure...<
Wedgewood Partners increased exposure to hyperscalers and semiconductors, citing AI adoption and earnings potential in Q2 2026. Wedgewood Partners reported a 9.4% net return in Q2 2026, underperforming the S&P 500’s 15.2% gain. The firm shifted capital toward hyperscalers
Quick Read - DIVO's monthly distribution has grown every year since 2022, reaching ~$0.18 per share, funded by blue-chip dividends and a tactical covered-call overlay across $5.25B in assets. - CAT's Power Generation revenue jumped 41% on AI data center demand, with Q1 operating...</stron
Wedgewood Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here Wedgewood Composite delivered a net return of 9.4% in the second quarter compared to 15.2% for the Standard & Poor's 50
HUDI shares fell below Nasdaq’s $1 minimum bid requirement for 30 straight sessions, triggering a compliance notice. Huadi International disclosed it received a Nasdaq notice after its stock closed below the exchange’s $1 minimum bid price for 30 consecutive business days.
Quick Read - The S&P 500 has surged ~95% since late 2022, placing this bull market in the top 10% of all rallies recorded since 1928. - Goldman Sachs credits the rally to real earnings growth and AI infrastructure investment, not speculative excess like the dot-com bubble. -...</
Quick Read - A $200,000 QLAC purchase cuts the RMD calculation base from $2 million to $1.8 million, deferring over $150,000 in forced income across ages 73 to 84. - Reducing RMDs keeps income below the $109,000 IRMAA threshold, preventing Medicare surcharges and an effective...<
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