A federal judge approved a settlement allowing Musk to deny wrongdoing while paying just 1% of the disputed $150 million in closing costs. A U.S. District Judge approved a settlement between the SEC and Elon Musk over allegations he deceived lenders to save $150 million in
Delta reaffirms $6.50-$7.50 EPS guidance for 2026 after Q2 revenue rose 14% on strong demand and cost recapture. Delta Air Lines reported a 14% increase in Q2 2026 revenue, driven by sustained demand and a premium pricing strategy that offset fuel headwinds. The carrier hi
SK Hynix American depositary receipts opened sharply higher after the chipmaker’s U.S. trading debut on Friday. SK Hynix (SKHY) began trading on the Nasdaq through American depositary receipts, with shares climbing as high as 177 USD in afternoon trades. The stock later se
The Korean chipmaker’s $26.5 billion U.S. debut marks the largest foreign listing ever, surpassing SpaceX’s first-day gain. SK Hynix’s Nasdaq-listed American Depositary Receipt opened at $170, 14% above its $149 offer price, raising $26.5 billion in the largest foreign U.S
Rapidus plans to produce 2 nm semiconductors at $21,000 per wafer by 2027, undercutting TSMC's $30,000 pricing. A Japanese semiconductor manufacturer, Rapidus, aims to challenge TSMC by mass-producing 2 nm chips at a 30% lower price. The company plans to price its wafers a
Stocks now comprise the largest portion of US household net worth, surpassing real estate for the first time on record. US households have reached a historic high in equity exposure, with stocks accounting for a greater share of total net worth than real estate. The shift
Analysts raise META’s price target to $835, citing 36% upside amid AI infrastructure bets and model adoption expectations. Bank of America upgraded META to its US 1 List, a designation for high-conviction buy-rated stocks, with a $835 price target. The move follows two pri
Analysts set a $500.25 price target for MSFT, citing strong Azure growth and OpenAI partnership despite a 19% YTD drop. Microsoft’s stock is down 19.24% year-to-date at $388.84 but carries a $500.25 price target, implying 28.65% upside. The target reflects confidence in Az
A 32-year Commonwealth Financial Network team managing $608 million in assets joins Cetera following LPL Financial's acquisition of Commonwealth. Cetera has added a team from Commonwealth Financial Network managing $608 million in client assets, led by Edward Duffy of Lexi
Meta’s $12 billion free cash flow contrasts with CoreWeave’s $5 billion burn as Zuckerberg builds in-house infrastructure to reduce dependency on rented GPUs. Meta reported $12 billion in free cash flow for Q1 2026, fueling a $125 to $145 billion capex plan to develop sove
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