A $37,000 required minimum distribution can push taxable income up sharply, nearly doubling effective tax rates for retirees. A 73-year-old retiree with a $980,000 traditional IRA faced a 40 percent effective tax rate after her first required minimum distribution of $37,00
Strategy sold 32 Bitcoins for $2.5 million Strategy, a company invested heavily in Bitcoin, has sold a portion of its holdings for the first time in nearly four years. The sale consisted of 32 Bitcoins, totaling $2.5 million in proceeds. The company's shares have fa
ETHT's 23% one-day loss highlights leveraged crypto ETF risks as Ethereum falls to $1,596.42, erasing $2,269 from a $10,000 position. The ProShares Ultra Ether ETF (ETHT) collapsed 23% on June 5, 2026, as Ethereum broke below $1,600, closing at $1,596.42. A $10,000 investm
SpaceX targets a record $1.7 trillion valuation in its June 12 IPO, pricing shares at $135 and raising $75 billion. SpaceX will price its initial public offering at $135 per share on June 12, aiming for a $1.7 trillion valuation. The company plans to sell 555,555,555 share
Goldman Sachs raises CrowdStrike target to $726 Goldman Sachs has raised its price target for CrowdStrike to $726 from $500. The increase is due to the expected growth in AI infrastructure spending and security adoption. CrowdStrike's first-quarter fiscal 2027 re
BRKR reports Q1 earnings above expectations and expects organic revenue growth in Q2 amid improving order trends. Bruker (NASDAQ:BRKR) reported stronger-than-expected Q1 earnings, driven by robust order momentum in semiconductor metrology and overseas academic and governme
Daniel Loeb's hedge fund Third Point initiated a position in Alphabet during Q1, citing its AI infrastructure and cost advantages. Third Point Management, led by billionaire Daniel Loeb, added Alphabet (NASDAQ: GOOGL, GOOG) to its portfolio in Q1 2025 after a multi-year ab
AIA surged 52.67% year-to-date through June 3, 2026, driven by AI demand and TSM's 44% gain, eclipsing SPY's 10.61% rise. A $10,000 investment in the iShares Asia 50 ETF (AIA) on December 31, 2025, grew to $15,267 by June 3, 2026, a 52.67% gain. The S&P 500 ETF (SPY) rose
The acquisition aims to diversify beyond GLP-1 drugs, which drove $12.8 billion in Q1 revenue but face long-term patent risks. Eli Lilly (LLY) has acquired three vaccine-focused companies for $3.8 billion, expanding into infectious diseases despite its reliance on GLP-1 dr
Amazon’s cloud unit AWS grew 28% year-over-year to $37.6 billion in Q1 2026, accelerating from prior quarters as AI demand drives spending. Amazon (NASDAQ: AMZN) shares fell over 9% in the past five trading sessions, extending a 3% decline on Friday amid a broader tech sel
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