Independent Bank Corporation ( NASDAQ: IBCP ) on Friday said it had received regulatory approvals for its planned acquisition of HCB Financial Corp., the parent company of Highpoint Community Bank. The company said the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services approved the transaction, which was announced in March. HCB shareholders are schedule...
Independent Bank Corporation ( NASDAQ: IBCP ) on Friday said it had received regulatory approvals for its planned acquisition of HCB Financial Corp., the parent company of Highpoint Community Bank. The company said the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services approved the transaction, which was announced in March. HCB shareholders are scheduled to vote on the merger agreement on June 17. Subject to shareholder approval and other closing conditions, the acquisition is expected to be completed on July 1, 2026. Independent Bank had approximately $5.5 billion in total assets, while HCB Financial had approximately $590 million in total assets as of the announcement. Source: Press Release More on Independent Bank, HCB Financial Corp. Independent Bank Corporation (IBCP) Q1 2026 Earnings Call Transcript Independent Bank Corporation (IBCP) HCB Financial Corp. - M&A Call - Slideshow Independent Bank Corporation (IBCP) M&A Call Transcript Independent Bank targets 4.5%-5.5% 2026 loan growth while merger cost saves phase in Independent Bank GAAP EPS of $0.81 beats by $0.02, revenue of $58.91M beats by $8.01M
TU IS/iStock via Getty Images SailPoint ( SAIL ) was downgraded by Bank of America on Friday, citing concerns about growth and its positioning in the cybersecurity market. Shares fell 1.5% in premarket trading. “We are downgrading SailPoint to Neutral from Buy on concerns around growth durability and positioning,” analyst Tal Liani wrote in a note to clients. “At the core is the company’s narrow f...
TU IS/iStock via Getty Images SailPoint ( SAIL ) was downgraded by Bank of America on Friday, citing concerns about growth and its positioning in the cybersecurity market. Shares fell 1.5% in premarket trading. “We are downgrading SailPoint to Neutral from Buy on concerns around growth durability and positioning,” analyst Tal Liani wrote in a note to clients. “At the core is the company’s narrow focus on identity governance in a market shifting toward broader platform based [identity access management] and security offerings. Larger incumbents and hyperscalers bundle authentication, directories, conditional access, and telemetry, which could pressure demand for standalone governance vendors. Against this backdrop, we see limited earnings upside and a potential overhang by the ownership structure, with 84.6% of shares held by a private equity sponsor.” Liani lowered his rating on SailPoint to Neutral from Buy, but kept his $16 price target on the stock. More on SailPoint SailPoint SaaS Transformation Is Working, But The Price May Already Reflect It SailPoint: Tough To Justify A Buy If Growth Is Not Showing Acceleration SailPoint: Weaker Net-New ARR Amid Lofty Valuation (Rating Downgrade) SailPoint outlines FY2027 revenue of $1.27B and 19% adjusted operating margin as agentic pipeline doubled in Q1 SailPoint slumps despite Q1 beat
Alones Creative/iStock via Getty Images Could the Hormuz oil crisis be coming to an end? President Donald Trump has claimed that a deal is nearly ready. While the President has repeatedly stated that a deal is close at hand, the momentum here seems more substantial. With inflation surging the world over and in the United States specifically, a reprieve would be welcomed by markets. Yet even if a d...
Alones Creative/iStock via Getty Images Could the Hormuz oil crisis be coming to an end? President Donald Trump has claimed that a deal is nearly ready. While the President has repeatedly stated that a deal is close at hand, the momentum here seems more substantial. With inflation surging the world over and in the United States specifically, a reprieve would be welcomed by markets. Yet even if a deal can be reached shortly, we can expect inflation to remain elevated for some time. If and when a peace deal is announced, I expect markets to enjoy a nice pop. Indeed, mere whispers of deals have sent markets soaring in recent weeks. Yet tomorrow’s market bump could pave the path for next month’s retreat. The damage to the global economy at this point is likely irreversible, and while damage to oil infrastructure across the Middle East is fixable, it will take some time to make the necessary repairs. High living costs were a major concern before the Hormuz crisis unfolded. High oil prices have only made conditions worse. High energy prices will impact practically everything, including manufacturing, shipping, basic materials (like plastics), and consumer utility bills. An end to the war will eventually bring relief, but not overnight. The Road To Normal Will Be Long And Winding We can expect a sharp short-term price decline in oil if and when a peace deal is announced. This decline will in large part be psychological. Ending the blockade doesn’t mean things will instantly return to normal or that the world will no longer be starved for oil. Speaking to CBS News, GasBuddy petroleum expert Patrick De Haan noted that it will be a “multi-month to multi-year process” to get things back to normal. Various other experts have echoed this claim. Given the immense pressure to normalize things, I think we’ll see substantial improvement within a matter of months. However, I doubt things will fully normalize this year. For one, there’s the bottleneck issue. Hundreds if not thousands ...
East West Minerals ( EW:CA ) said on Friday that it had arranged a non-brokered private placement to raise up to $858,000. The offering consists of up to 7.8 million units priced at $0.11 each. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.15 for three years. Proceeds will be used for working capital purposes. Shares -7.74%. More on East West M...
East West Minerals ( EW:CA ) said on Friday that it had arranged a non-brokered private placement to raise up to $858,000. The offering consists of up to 7.8 million units priced at $0.11 each. Each unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.15 for three years. Proceeds will be used for working capital purposes. Shares -7.74%. More on East West Minerals Ltd. Financial information for East West Minerals Ltd.
China’s decision to ban Philippine Defence Secretary Gilberto Teodoro Jnr and his family from Chinese territory has taken Beijing’s maritime feud with Manila into unusually personal territory, with analysts saying the move appeared aimed at warning other Philippine officials against taking a hard line. The sanctions, announced by China’s foreign ministry on Thursday following Teodoro’s recent crit...
China’s decision to ban Philippine Defence Secretary Gilberto Teodoro Jnr and his family from Chinese territory has taken Beijing’s maritime feud with Manila into unusually personal territory, with analysts saying the move appeared aimed at warning other Philippine officials against taking a hard line. The sanctions, announced by China’s foreign ministry on Thursday following Teodoro’s recent criticism of Beijing, also prohibit Chinese organisations and individuals from engaging in transactions,...
OpenAI ( OPENAI ) CEO Sam Altman has cancelled an upcoming visit to Abu Dhabi, ahead of its anticipated public market debut, Semafor reported on Friday. The ChatGPT maker’s chief was due to visit the city this weekend. Altman had planned to meet with executives from sovereign wealth fund Mubadala and AI conglomerate G42, as well as its joint venture the technology investment fund MGX and state oil...
OpenAI ( OPENAI ) CEO Sam Altman has cancelled an upcoming visit to Abu Dhabi, ahead of its anticipated public market debut, Semafor reported on Friday. The ChatGPT maker’s chief was due to visit the city this weekend. Altman had planned to meet with executives from sovereign wealth fund Mubadala and AI conglomerate G42, as well as its joint venture the technology investment fund MGX and state oil company ADNOC, the report said citing two people with direct knowledge of the matter. The potential visit was mired in uncertainty with the region on edge over the war in Iran. However, the exact reason for his cancellation is unknown. Altman’s reported trip coincided with the disclosure this week that OpenAI had filed preliminary paperwork with US regulators to go public as soon as September. The IPO could value the company at up to $1 trillion, as per Reuters. Abu Dhabi-based MGX co-led OpenAI’s $122 billion funding round in March, the largest capital raise ever by a Silicon Valley company, valuing the decade-old AI firm at $852 billion. MGX has also backed OpenAI rivals Anthropic ( ANTHRO ) and xAI ( xAI) , the latter now part of SpaceX. More on OpenAI OpenAI: Mega IPO Faces Anthropic Claude Mythos Reckoning Wall Street Lunch: Hot Labor Market Defies Predictions Of AI-Led Job Losses OpenAI IPO Will Be An Artificial Intelligence Bubble Litmus Test OpenAI, Anthropic, and Google executives to attend G7 summit OpenAI expands European footprint with new Madrid office
W. P. Carey ( WPC ) declares $0.94/share quarterly dividend , 1.1% increase from prior dividend of $0.93. Forward yield 4.97% Payable July 15; for shareholders of record June 30; ex-div June 30. See WPC Dividend Scorecard, Yield Chart, & Dividend Growth. More on W. P. Carey W. P. Carey Outperformed My Expectations, But It's Not A Buy W. P. Carey Inc. (WPC) Presents at Nareit REITweek: 2026 Investo...
W. P. Carey ( WPC ) declares $0.94/share quarterly dividend , 1.1% increase from prior dividend of $0.93. Forward yield 4.97% Payable July 15; for shareholders of record June 30; ex-div June 30. See WPC Dividend Scorecard, Yield Chart, & Dividend Growth. More on W. P. Carey W. P. Carey Outperformed My Expectations, But It's Not A Buy W. P. Carey Inc. (WPC) Presents at Nareit REITweek: 2026 Investor Conference Transcript W. P. Carey: A Deep Value Net Lease REIT With A 5% Yield Cohen & Steers raises stakes in 28 US REITs, exits W. P. Carey among Q1 moves W. P. Carey says year-to-date investments reach $1.1B
Brandon Moser/iStock Editorial via Getty Images By Kelvin Wong Today, 12 June 2026, marks a historic watershed moment for global stock markets as Elon Musk’s SpaceX ( SPCX ) makes its highly anticipated debut on the Nasdaq. Priced at $135 per share to raise a record-breaking $75 billion, the offering values the interlocking aerospace, Starlink connectivity, and xAI business at an eye-watering $1.7...
Brandon Moser/iStock Editorial via Getty Images By Kelvin Wong Today, 12 June 2026, marks a historic watershed moment for global stock markets as Elon Musk’s SpaceX ( SPCX ) makes its highly anticipated debut on the Nasdaq. Priced at $135 per share to raise a record-breaking $75 billion, the offering values the interlocking aerospace, Starlink connectivity, and xAI business at an eye-watering $1.78 trillion to $1.8 trillion. In addition, Nasdaq has also overhauled its inclusion rules for listed companies to be included in the Nasdaq 100 benchmark index. Since 1 May 2026, it has allowed the top 40 companies by market cap (roughly $100 billion or more) to fast-track into the Nasdaq 100 in just 15 days. SpaceX is set to be part of the Nasdaq 100 and a risk appetite driver Hence, SpaceX is likely to be one of the top 10 component stocks of the Nasdaq 100 by mid-July 2026, and thereafter potentially impacting the price movements of the Nasdaq 100 in line with passive flows via exchange-traded funds tracking the Nasdaq 100. While the offering is heavily oversubscribed (3x to 4x, drawing over $250 billion in orders), market participants and traders will be observing in the next four weeks the performance of SPCX, given that it is the largest IPO offering in the world so far, plus its high-growth revenue drivers from space exploration and Starlink satellites connectivity can have a significant impact on risk appetite for the broader market. Interestingly, we can look at the grey market for SpaceX, which is trading right now via perpetual contracts listed on crypto exchanges, to decipher the potential short-term trend of SPCX via technical analysis. SPCX/USDT has morphed into a medium-term bearish trend Fig. 1: SPCX/USDT medium-term trend as of 12 Jun 2026 (Source: TradingView). The information presented is historical information, and past performance is not indicative of future performance. Binance listed its crypto derivative, SPCX/USDT (settled in Tether), as a pre-IPO Pe...
DOJ Probes Big Banks For Alleged "Debanking" Of Clients The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street Journal . The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has report...
DOJ Probes Big Banks For Alleged "Debanking" Of Clients The US Dept of Justice is intensifying scrutiny of some of the country’s largest financial institutions over allegations that customers were denied banking services, or "debanked" for political or ideological reasons, according to the Wall Street Journal . The US Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks, including JPMorgan Chase, Bank of America, and Wells Fargo. Investigators are seeking information on account closures, customer offboarding decisions, and internal records explaining why certain individuals or businesses were denied access to banking services. According to the WSJ , the inquiry builds on a broader effort launched by the Trump administration to examine claims that banks used their market power to exclude politically disfavored customers or entire industries from the financial system. Supporters of the investigation argue that concerns about debanking have circulated for years, particularly among conservatives and businesses operating in controversial but legal sectors, yet have received limited attention from regulators and law enforcement. According to reports, prosecutors are requesting lists of customers who may have been removed from banking relationships, as well as documentation supporting those decisions. The investigation appears to be running alongside a review by federal banking regulators, including the Office of the Comptroller of the Currency (OCC), which previously indicated it had found preliminary evidence suggesting certain industries may have faced heightened barriers to banking access. Banks have consistently rejected accusations that political affiliation plays any role in their decisions. Industry representatives maintain that account closures are driven by compliance obligations, anti-money-laundering requirements, risk management concerns, and other regulatory expectations imposed on financ...
The World Cup is drawing attention to soccer's growing popularity in Canada. Soccer has surpassed hockey and all other sports in youth participation, according to a recent report by Jumpstart, a Canadian charity. Canada coach Jesse Marsch said Thursday he has "felt a real momentum behind this team and behind this moment." (Image credit: Stephanie Scarbrough)
The World Cup is drawing attention to soccer's growing popularity in Canada. Soccer has surpassed hockey and all other sports in youth participation, according to a recent report by Jumpstart, a Canadian charity. Canada coach Jesse Marsch said Thursday he has "felt a real momentum behind this team and behind this moment." (Image credit: Stephanie Scarbrough)
Altria Group (NYSE:MO) at $73.13 looks like a name to hold rather than add to. The yield is too rich to abandon, but the entry point is too high to fund with fresh capital while the U.S. consumer wobbles. Altria sells Marlboro, Black & Mild cigars, Copenhagen and Skoal smokeless tobacco, on! nicotine pouches, and ... Up 33% From Its 52-Week Low: 1 Glaring Red Flag That Makes Altria Stock a Dangero...
Altria Group (NYSE:MO) at $73.13 looks like a name to hold rather than add to. The yield is too rich to abandon, but the entry point is too high to fund with fresh capital while the U.S. consumer wobbles. Altria sells Marlboro, Black & Mild cigars, Copenhagen and Skoal smokeless tobacco, on! nicotine pouches, and ... Up 33% From Its 52-Week Low: 1 Glaring Red Flag That Makes Altria Stock a Dangerous Buy at $73
NewtekOne ( NEWT ) declares $0.19/share quarterly dividend , in line with previous. Forward yield 5.55% Payable July 1; for shareholders of record June 24; ex-div June 24. See NEWT Dividend Scorecard, Yield Chart, & Dividend Growth. More on NewtekOne NewtekOne: Cheap Valuation, But Earnings Quality Remains The Problem NewtekOne, Inc. 2026 Q1 - Results - Earnings Call Presentation NewtekOne, Inc. (...
NewtekOne ( NEWT ) declares $0.19/share quarterly dividend , in line with previous. Forward yield 5.55% Payable July 1; for shareholders of record June 24; ex-div June 24. See NEWT Dividend Scorecard, Yield Chart, & Dividend Growth. More on NewtekOne NewtekOne: Cheap Valuation, But Earnings Quality Remains The Problem NewtekOne, Inc. 2026 Q1 - Results - Earnings Call Presentation NewtekOne, Inc. (NEWT) Q1 2026 Earnings Call Transcript NewtekOne outlines 2027 EPS midpoint of $2.60 while reaffirming 2026 midpoint of $2.35 IPM shareholder NewtekOne plans to offload 9M shares
Investing.com - U.S. stock futures advanced on Friday, as investors gauged hopes for a peace deal between the U.S. and Iran as well as anticipation surrounding SpaceX’s highly awaited initial public offering.
Investing.com - U.S. stock futures advanced on Friday, as investors gauged hopes for a peace deal between the U.S. and Iran as well as anticipation surrounding SpaceX’s highly awaited initial public offering.
SpaceX aims to raise $75 billion, in what could become the largest IPO in history, according to the data from Renaissance Capital. For Elon Musk, the SpaceX offering comes 16 years after Tesla went public in June 2010. In 2019, Saudi Aramco raised $25.6 billion in its IPO on the Saudi Exchange. The amount placed the oil giant as the most valuable company in the world. Now, seven years later, the r...
SpaceX aims to raise $75 billion, in what could become the largest IPO in history, according to the data from Renaissance Capital. For Elon Musk, the SpaceX offering comes 16 years after Tesla went public in June 2010. In 2019, Saudi Aramco raised $25.6 billion in its IPO on the Saudi Exchange. The amount placed the oil giant as the most valuable company in the world. Now, seven years later, the rocket and AI company will break that record by raising roughly three times that amount. SpaceX is seeking a valuation of $1.8 trillion , a number that will be put to test when it goes public on Friday. At this valuation, the company would rank immediately among some of the most valuable publicly traded companies such as Alphabet, Apple, Amazon, Microsoft, Nvidia and another of Musk's companies, Tesla. Saudi Aramco was valued at $1.7 trillion when it filed for an IPO. The state-owned petroleum giant now has a market cap of $6.5 trillion. But unlike Aramco, some of the most valuable companies today entered public markets at comparatively modest valuations. Nvidia, the world's most valued company, started off with a valuation of $625 million, compared with SpaceX's estimated $1.8 trillion valuation, which is roughly 2,900 times larger. Apple, too, had a modest valuation of $1.8 billion when it went public in December 1980, but today has a market capitalization of $4.3 trillion, making it one of the most valued companies. Amazon went public in 1997 with a valuation of $438 million. Adjusted for inflation, that equates to less than $1 billion today — a fraction of SpaceX's proposed valuation. Tesla debuted with a valuation of roughly $1.7 billion in 2010. SpaceX could enter public markets at more than 1,000 times that valuation. High valuation could limit future growth Jay Ritter, a University of Florida finance professor who has extensively studied IPOs compares SpaceX's starting valuation to Nvidia's to illustrate how much future success may already be reflected in the price. ...