The Nasdaq Composite surged 20% in Q2, its best performance since 2020, driven by semiconductor stocks and broader market momentum. The Nasdaq Composite is poised to close the second quarter with a 20% gain, marking its strongest quarterly performance since 2020. The rally
The German automaker will begin producing fully electric vehicles in the U.S. by late 2026 as part of its $1.7 billion expansion. BMW has completed a $1.7 billion investment to expand electric vehicle production at its U.S. plants in South Carolina. The upgrades include th
HMY reaffirms FY 2026 gold output guidance of 1.4M-1.5M oz with underground grades at 5.80 g/t. Harmony Gold (HMY) confirmed it met its full-year gold production guidance for the 11th consecutive year, projecting output of 1.4M-1.5M ounces for FY 2026. Underground recovere
Care Bears is becoming part of the Authentic Brands Group portfolio. On Tuesday, the brand and entertainment platform said it has signed a definitive agreement to acquire the intellectual property of Care Bears, a global entertainment franchise that has generated more than
BP will streamline leadership after Carol Howle’s departure, eliminating her deputy CEO role and reassigning trading responsibilities. BP announced Tuesday that deputy CEO Carol Howle will retire in the third quarter after 26 years with the company. CEO Meg O’Neill will no
Prologis has intensified its pursuit of Segro after the London-based logistics warehouse operator rejected a £12.6 billion ($16.6 billion) takeover bid last week. Prologis further outlined its financial and strategic thesis for the combination on Tuesday The San Fra
Super Micro and Dell recover losses amid broad sector strength despite an unresolved Taiwan probe into alleged AI chip smuggling. Super Micro Computer (SMCI) and Dell Technologies (DELL) each rose 4% in mid-morning trading Tuesday, recovering from recent declines. SMCI cli
Pinterest reports $4.2 billion in 2025 revenue and a 9.9% net margin amid competition with Reddit for ad budgets. Pinterest generated $4.2 billion in revenue for FY 2025, up 15.8% year-over-year, with a net income of $416.9 million. The company achieved a 9.9% net margin,
Joint filers can convert up to $100,800 in traditional IRA funds at a 12% tax rate before RMDs begin at age 73. Retirees aged 62 to 73 face a unique 11-year period where delayed Social Security and pre-RMD income create optimal conditions for Roth IRA conversions. In 2026,
TD Cowen lowers Strategy price target to $260 Analysts slashed the price target for Strategy shares by 35% to $260 from $400 due to ongoing Bitcoin weakness. The investment bank now forecasts Bitcoin to hit $100,000 by year's end, down from $140,000 previously. B
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