BHP revises Jansen project costs to $6.9 billion, up $2 billion, delaying first production to late 2031 amid weak potash market outlook. BHP shares fell 5.6% to $61 after the company announced a $2.3 billion write-down on its Jansen potash project in Canada. The impairment
Nvidia's Q1 revenue growth and profitability far exceed SpaceX's, despite SpaceX nearing a $3 trillion valuation. Nvidia reported an 85% year-over-year revenue increase to $81.6 billion in the first quarter, with adjusted profits of $45.5 billion. The company's dominance i
The CFTC-backed prediction market faces lawsuits from 18 states alleging unlicensed sports betting operations. Kalshi, a U.S.-based prediction market, is in preliminary discussions with investment banks regarding a potential initial public offering. The move comes amid hei
Quick Read - Trump bought DELL at ~$120, publicly endorsed the stock 9 days later, then the Pentagon awarded Dell a $1.4 billion Air Force contract. - Dell's AI server revenue surged 757% to $16 billion in Q1 FY27, driving the stock up 228% year-to-date with analysts targeting...
NYSE and Nasdaq will halt trading Friday in observance of Juneteenth, with bond and commodities markets also shut. U.S. stock markets, including the NYSE and Nasdaq, will close Friday to observe Juneteenth, following the adoption of the holiday in 2022. Trading will be sus
ARKK increased stakes in Tesla and Snowflake while liquidating $77 million in Roku shares on June 18. ARK Innovation ETF (ARKK) adjusted its portfolio on June 18, adding to positions in Tesla (TSLA) and Snowflake (SNOW) while selling $77 million worth of Roku shares. The m
Alphabet targets expansion in AI data center chips by replicating Nvidia’s business model to compete in the sector. Google is adopting a strategy akin to Nvidia’s to grow its Tensor Processing Unit (TPU) business, aiming to secure a larger portion of the AI data center mar
InnSuites Hospitality Trust reports doubled net profit year-over-year amid strong occupancy and RevPAR growth. InnSuites Hospitality Trust posted a fiscal 2027 Q1 net income of $74,702, up from $39,030 in the same period last year. The increase follows a record quarterly h
The company will repurchase approximately 5% of its outstanding shares over the next year, subject to regulatory approval. xTAO (XTAIF) announced its board authorized a normal course issuer bid to repurchase and cancel up to 1.43M common shares. The move represents about 5
Kayne Anderson Energy Infrastructure Fund raises its monthly payout to $0.09, marking a 5.9% increase and an 8.14% forward yield. Kayne Anderson Energy Infrastructure Fund (KYN) announced a 5.9% increase in its monthly dividend to $0.09 per share, up from $0.085. The move
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