A 10% drop in the SOX semiconductor index and rising Fed rate-hike bets weigh on tech stocks worldwide after strong jobs data. Global tech stocks retreated sharply as the SOX semiconductor index plunged 10% on Friday, led by Broadcom’s 20% two-day decline. The Nasdaq fell
Berkshire's insurance operations generate stable float, now a key growth driver alongside its $397.4 billion cash pile. Berkshire Hathaway holds $397.4 billion in cash, overshadowing its $328 billion in stock holdings, yet its insurance float remains a critical but overloo
Skillz(SKLZ) announced that it intends to change its corporate name to Firy Inc. on June 18. In addition, the companyâs Class A common stock is expected to begin trading under the ticker symbol FIRY on the New York Stock Exchange, effective the following
Micron Technology stock fell 13% on June 5, 2026 Micron Technology's stock closed at $864 on June 5, 2026, down roughly 13% from a prior close of $996. The company's market capitalization sat at $974.37B after the drop. The decline came despite the stock still bein
Zealand Pharma's stock drops sharply after trial data raises potential side effect risks for its experimental obesity treatment. Zealand Pharma (ZLDPF) shares fell as much as 26% after new data from its experimental weight-loss drug, survodutide, raised safety concerns. Th
The ban threatens Texas cattle exports amid rising producer costs and operational disruptions for U.S. beef suppliers. U.S. officials confirmed a second screwworm case, prompting Canada to bar Texas livestock imports. The outbreak adds pressure to the already shrinking U.S
A $1 increase in modified adjusted gross income above $109,000 triggers annual Medicare premium surcharges for retirees. A retired teacher with a $1.1 million 403(b) plan and $48,000 state pension faces an unexpected $1,150 annual Medicare surcharge after crossing the $109
SpaceX bypasses traditional IPO pricing roadshows by pre-setting a $135 share price for its $75 billion market debut. SpaceX is challenging Wall Street norms by fixing its IPO share price at $135 before investor roadshows, targeting a $75 billion valuation. The move elimin
Nvidia’s dominance in AI infrastructure faces competition as tech giants adopt specialized ASIC chips for efficiency gains. Nvidia’s graphics processing units have driven the AI boom, with data center revenue surging as cloud providers built GPU-heavy clusters. However, th
Semiconductor ETF SOXX’s cap-weighted structure drives 73 percentage-point outperformance versus equal-weight XSD amid AI-driven gains. The iShares Semiconductor ETF (SOXX) has surged 190% over the past year, outpacing the SPDR S&P Semiconductor ETF (XSD) by nearly 10 perc
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