A million dollars dropped into Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) on June 8, 2016, with every quarterly dividend pulled out as cash the way an actual retiree would spend it, is worth about $2.3 million today. Along the way it kicked out roughly $527,000 in distributions, which works out to around $53,000 a year. ... Retiring? Buy SCHD. $1m into $2.3m since 2016, $53K/y in dividends. N...
A million dollars dropped into Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) on June 8, 2016, with every quarterly dividend pulled out as cash the way an actual retiree would spend it, is worth about $2.3 million today. Along the way it kicked out roughly $527,000 in distributions, which works out to around $53,000 a year. ... Retiring? Buy SCHD. $1m into $2.3m since 2016, $53K/y in dividends. No Reinvestments.
The Vanguard Information Technology ETF (NYSEMKT:VGT) offers broad exposure to the tech sector at a lower cost, while the iShares Semiconductor ETF (NASDAQ:SOXX) provides a highly concentrated play on chipmakers. These two funds are staple choices for investors seeking exposure to the technology sector and artificial intelligence , collectively managing billions in assets under management (AUM). W...
The Vanguard Information Technology ETF (NYSEMKT:VGT) offers broad exposure to the tech sector at a lower cost, while the iShares Semiconductor ETF (NASDAQ:SOXX) provides a highly concentrated play on chipmakers. These two funds are staple choices for investors seeking exposure to the technology sector and artificial intelligence , collectively managing billions in assets under management (AUM). While the iShares fund concentrates specifically on the American semiconductor industry, the Vanguard fund provides a broader reach across various software and hardware verticals, creating distinct risk profiles for tech-heavy portfolios. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. We’re going to need more commas. SpaceX’s initial public offering is poised to steer more billions to Elon Musk, alread...
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. We’re going to need more commas. SpaceX’s initial public offering is poised to steer more billions to Elon Musk, already the world’s richest man, under his long-term pay plan. That will position him to be the first-ever trillionaire — maybe not right away, but probably soon. Wall Street has spent months debating how much Texas-based SpaceX is worth and getting ready for trading to start Friday. But Texas’ stake in the biggest-ever IPO goes beyond just bragging rights of being home to a historic fortune that has 12 zeros and a lot of punctuation: $1,000,000,000,000. Some Texans and Texas communities have a lot riding on the continued success of Musk, a South Africa native who announced his move to the state from California in 2020. A shell company linked to Musk has assembled at least 6,000 acres of land in Grimes County near Houston, a tantalizing clue that he is zeroing in on a planned $55 billion chip plant backed jointly by SpaceX and — wait for it — Musk’s Tesla. Just up US Highway 290, Bastrop is in line to host a 10-gigawatt solar manufacturing facility to power orbital data centers for AI applications. The Bastrop area already was home to other Musk holdings including his Boring Co. headquarters. Some folks in Brownsville will be able to add commas of their own. The city near SpaceX’s South Texas headquarters is about to mint new millionaires, writes Bloomberg’s Dylan Sloan. The town has seen growth from SpaceX (but growing pains as well). The Fine Line For most of us, soccer’s most-glittering spectacle starts this week. Not for Dan Hunt. “I’m about to enter month 107 working on the World Cup ,” he said. Hunt, president and co-owner of FC Dallas, serves as co-chair of the North Texas...
If you're excited about the upcoming SpaceX and Anthropic initial public offerings (IPOs), there are indirect ways to gain exposure to both innovative companies before the chaos of their public debuts, without taking on the high risk and volatility directly. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has significant positions in both; thus, Alphabet investors could see potential upside from the succe...
If you're excited about the upcoming SpaceX and Anthropic initial public offerings (IPOs), there are indirect ways to gain exposure to both innovative companies before the chaos of their public debuts, without taking on the high risk and volatility directly. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has significant positions in both; thus, Alphabet investors could see potential upside from the success of SpaceX and Anthropic. Alphabet made a $900 million investment in SpaceX more than a decade ago. This was back when SpaceX was valued at a mere $12 billion, and it gave Google's parent company an approximate 7.5% stake. As of 2025, a filing showed that Alphabet still owned a little more than 6% of SpaceX. It goes without saying that Alphabet's investment in SpaceX has rocketed upward. SpaceX plans to IPO at $135 per share. This values the company at $1.77 trillion. In February of this year, Elon Musk's xAI merged with SpaceX. The rocket company also owns several other subsidiaries, most notably the satellite internet constellation Starlink. Whether these multiple business interests justify the extremely high valuation is debatable, but Musk is determined to make SpaceX the biggest IPO of all time. Continue reading
In this timely episode of the MoneyShow MoneyMasters Podcast, Michael Lee, founder of Michael Lee Strategy, shares his expert perspective on the current volatility within the Artificial Intelligence sector.
In this timely episode of the MoneyShow MoneyMasters Podcast, Michael Lee, founder of Michael Lee Strategy, shares his expert perspective on the current volatility within the Artificial Intelligence sector.
PM Images Home sales were largely trending up even as mortgage rates increased this week. 30-year fixed-rate mortgages averaged 6.52% as of June 11, up from 6.48% last week and below the year-ago level of 6.84%. 15-year fixed-rate mortgages averaged 5.84%, up from 5.79% a week ago and down from 5.97% a year ago. "Stronger employment momentum has helped existing home sales reach a five-month high. ...
PM Images Home sales were largely trending up even as mortgage rates increased this week. 30-year fixed-rate mortgages averaged 6.52% as of June 11, up from 6.48% last week and below the year-ago level of 6.84%. 15-year fixed-rate mortgages averaged 5.84%, up from 5.79% a week ago and down from 5.97% a year ago. "Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, we're seeing homebuyers look past the short-term rate fluctuations and actively enter the market, signaling renewed confidence in homeownership opportunities," said Freddie Mac's chief economist, Sam Khater. Mortgage demand surged even as rates rose. "While the average rate was up slightly, there were opportunities where borrowers were seeing somewhat lower rates," said Mike Fratantoni, Mortgage Bankers Association's senior vice president and chief economist. However, pending home sales fell for the fourth straight week amid high housing costs, according to a new report from Redfin, the real estate brokerage powered by Rocket ( RKT ). Median U.S. home sale prices hit a record $400,894 during the four weeks ended June 7, up 1.5% year over year. The amount marks the first time a typical American existing home has sold for over $400,000. Home prices are rising despite slow homebuying demand. New supply is tight enough to keep prices up. Furthermore, today's sale prices stem from deals that were negotiated in April and early May, when mortgage rates were lower and demand was a bit stronger, according to the Redfin report. More related to Mortgages U.S. New Home Market Cap Recovers From Blizzards Housing market's May bounce looks more like a blip - Pantheon Macro Mortgage demand surges even as rates rise
onurdongel As the World Cup approaches kickoff in Mexico City Thursday, favorites France already have the backing of artificial intelligence. Using a prompt from BofA Securities, Seeking Alpha asked LLMs who would win, with France the overwhelming pick . Blurring the lines even more between the beautiful game and Wall Street, Seeking Alpha asked three of the most popular AI bots what a World Cup o...
onurdongel As the World Cup approaches kickoff in Mexico City Thursday, favorites France already have the backing of artificial intelligence. Using a prompt from BofA Securities, Seeking Alpha asked LLMs who would win, with France the overwhelming pick . Blurring the lines even more between the beautiful game and Wall Street, Seeking Alpha asked three of the most popular AI bots what a World Cup of Stocks would look like. We challenged three of the AI forecasters to evaluate the entire 48-team field of the 2026 FIFA World Cup through a comprehensive, evidence-based analytical framework -- factoring in team chemistry, injury profiles, tactical flexibility, and crucial pre-tournament momentum. To take the analysis a step further, the AI was then tasked with a unique synthesis: match every single World Cup team with an appropriate S&P 500 ( SPY ) company (or elite tech private firm or international name) and explain the underlying financial-to-sporting logic behind the pairing. The result is a group-by-group market translation guide for entertainment purposes only, of course ... and Nvidia ( NVDA ) is either France, Spain or Germany, depending on your model. Here is the complete 48-team market-to-pitch translation guide, each squad paired with their corporate counterparts. Alphabet's ( GOOG ) ( GOOGL ) Gemini Group World Cup Team S&P 500 / Corporate Match Strategic Catalyst & Reasoning A Mexico Ford Motor Company ( F ) Deep regional infrastructure and an iconic legacy brand name; facing massive structural pressure to modernize their aging system to avoid getting left behind by nimbler competitors. A South Korea Advanced Micro Devices ( AMD ) Highly efficient, technically disciplined, and possesses an elite flagship asset (Son Heung-min as their high-end GPU). A constant threat to market leaders but occasionally lacks total depth. A South Africa Enphase Energy ( ENPH ) High volatility with massive, explosive bursts of energy and potential. Can completely disrupt a secto...
Tesla (NASDAQ: TSLA) is not worth more than all the world’s car companies combined, although this is often raised in a “fake news” sort of way. A more accurate way to make the calculation is to note that the figure is close to 10x, or maybe slightly more, in aggregate. The numbers are still staggering. ... Tesla Is Worth More Than The Next 10 Car Companies Combined
Tesla (NASDAQ: TSLA) is not worth more than all the world’s car companies combined, although this is often raised in a “fake news” sort of way. A more accurate way to make the calculation is to note that the figure is close to 10x, or maybe slightly more, in aggregate. The numbers are still staggering. ... Tesla Is Worth More Than The Next 10 Car Companies Combined
Vance Boelter changes plea in murders of Melissa and Mark Hortman as prosecutors agree not to pursue death penalty The man charged in the political assassinations of the top Democrat in the Minnesota house and her husband, as well as the nonfatal shootings of a state senator and his wife, pleaded guilty in federal court on Thursday after prosecutors said they would not seek the death penalty. Vanc...
Vance Boelter changes plea in murders of Melissa and Mark Hortman as prosecutors agree not to pursue death penalty The man charged in the political assassinations of the top Democrat in the Minnesota house and her husband, as well as the nonfatal shootings of a state senator and his wife, pleaded guilty in federal court on Thursday after prosecutors said they would not seek the death penalty. Vance Boelter was charged with murdering Melissa Hortman, the Minnesota house speaker, and her husband, Mark Hortman, and with shooting state senator John Hoffman and his wife, Yvette Hoffman. Boelter came to their doors in the early hours of 14 June 2025, disguised as a police officer and driving a fake squad car. Continue reading...
filo Kardigan ( KARD ), a clinical-stage biotech focused on cardiovascular diseases, on Thursday announced plans to generate up to $369.1M in net proceeds from its initial public offering in the U.S. In an S-1 filing, the Princeton, New Jersey-based company indicated its intention to sell roughly 23.3M shares of its common stock priced at $14.00 - $16.00 in a listing expected to take place on Nasd...
filo Kardigan ( KARD ), a clinical-stage biotech focused on cardiovascular diseases, on Thursday announced plans to generate up to $369.1M in net proceeds from its initial public offering in the U.S. In an S-1 filing, the Princeton, New Jersey-based company indicated its intention to sell roughly 23.3M shares of its common stock priced at $14.00 - $16.00 in a listing expected to take place on Nasdaq under the symbol “KARD.” The company anticipates approximately $320.3M in net proceeds at the midpoint of the range and $369.1M if underwriters fully exercise their overallotment option. The offering is expected to value the drug developer at $1.4B based on the estimated number of shares outstanding after the listing. Kardigan ( KARD ) intends to use the net proceeds to advance its lead experimental therapies, danicamtiv, ataciguat, and tonlamarsen, which are at various stages of development for a trio of cardiovascular conditions. Its most advanced candidate, danicamtiv, is currently undergoing a Phase 2b/3 study for a heart muscle disorder called genetic dilated cardiomyopathy, with topline data expected in H1 2027. Kardigan ( KARD ) was established in 2023 by a group of scientists, including CEO Tassos Gianakakos, medical chief Jay Edelberg, and Leslie Leinwand, a professor of molecular, cellular, and developmental biology. Dr. Edelberg and Dr. Leinwand were co-founders of MyoKardia, a cardiovascular drug developer acquired by Bristol Myers Squibb ( BMY ) for $13.1B in 2020. More on Kardigan, Inc. Kardigan Begins Process For IPO On Cardiovascular Treatments Promise Financial information for Kardigan, Inc.
CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026. Evelyn Hockstein | Reuters OpenAI on Thursday announced it will acquire Ona , a startup that provides secure, pre-configured cloud environments where artificial intelligence agents can access tools, systems and context. Ona's technology will allow Ope...
CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026. Evelyn Hockstein | Reuters OpenAI on Thursday announced it will acquire Ona , a startup that provides secure, pre-configured cloud environments where artificial intelligence agents can access tools, systems and context. Ona's technology will allow OpenAI's coding assistant, Codex , to take on longer-running tasks, OpenAI said. It will also help more organizations deploy agents, which independently complete tasks on behalf of a user, into production, the company said. OpenAI did not disclose the terms of the acquisition, which is still subject to customary closing conditions. Ona's staff will join OpenAI and work on the Codex team once the deal is closed. "I always thought selling the company would feel like an ending. Instead, it feels like our life's work just got bigger and more important," Ona CEO Johannes Landgraf wrote in a post on LinkedIn. OpenAI kickstarted the AI boom with the launch of its ChatGPT chatbot in 2022, and it's been pouring investment into Codex in recent months as software developers have embraced AI agents as part of their workflows. It's racing against its chief rival, Anthropic , which has experienced a period of explosive growth over the last year, driven in part by the popularity of its own AI coding assistant, Claude Code. Read more CNBC tech news Bezos opens up about AI startup Prometheus after $12 billion raise: 'We're not being secretive' DoorDash lets customers use photos, prompts to order food and book reservations in latest AI push As OpenAI leans into enterprise business, Apple and Google set sights on the masses Palantir's Karp says businesses are 'unhappy' with the frontier AI labs Codex supports more than 5 million weekly active users, up from 3 million in April. Anthropic does not disclose the number of Claude Code users. OpenAI confidentially filed its prospectus with the Securit...
KKR, Nvidia, Vistra, and the Kuwait Investment Authority are committing more than $10 billion to Helix Digital Infrastructure, underscoring growing investor demand for AI data-center projects.
KKR, Nvidia, Vistra, and the Kuwait Investment Authority are committing more than $10 billion to Helix Digital Infrastructure, underscoring growing investor demand for AI data-center projects.
BlackRock Inc. is seeking to buy shares in SpaceX ’s initial public offering and is targeting an amount of about $5 billion, according to people familiar with the matter, as investors jockey for allocations in what’s expected to be the biggest listing ever. At that size, the firm would join Middle Eastern investment funds that have agreed to place orders of $1 billion or more, people familiar with...
BlackRock Inc. is seeking to buy shares in SpaceX ’s initial public offering and is targeting an amount of about $5 billion, according to people familiar with the matter, as investors jockey for allocations in what’s expected to be the biggest listing ever. At that size, the firm would join Middle Eastern investment funds that have agreed to place orders of $1 billion or more, people familiar with the matter have said. SpaceX’s IPO has drawn multiple times the orders for the 555.6 million shares available, including anchor orders of about $10 billion each, Bloomberg News has reported . Deliberations are ongoing and the details of the offering could change, the people said, asking not to be identified as the information isn’t public. A spokesperson for BlackRock declined to comment. A representative for SpaceX didn’t immediately respond to a request for comment. The size of BlackRock’s order was reported earlier by the Wall Street Journal. Read More: SpaceX IPO Demands Investor Trust in Musk’s Entangled Empire SpaceX’s IPO is set to price Thursday with trading beginning Friday. The company is offering shares at a fixed price of $135 each, which would raise about $75 billion, and value it at about $1.8 trillion. The banks were expected to stop taking orders from institutional investors Wednesday, people familiar with the matter have said. Goldman Sachs Group Inc. , Morgan Stanley , Bank of America Corp. , Citigroup Inc. and JPMorgan Chase & Co. are leading the deal, with 18 other banks participating. Shares in the company, which is formally known as Space Exploration Technologies Corp. will trade on Nasdaq and Nasdaq Texas under the symbol SPCX. For the latest news on equity capital markets activity in the US, Canada and Latin America, terminal users can follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here .
Earnings Call Insights: McGraw Hill (MH) Q4 2026 Management View "Fiscal year 2026 demonstrated the strength of our business, our strategy and the enduring importance of education" (Chair Simon Allen), and "as a data-driven learning company, we made significant strides in AI-powered innovation launching new tools, expanding existing solutions, and deepening key partnerships" (Chair Allen). "My foc...
Earnings Call Insights: McGraw Hill (MH) Q4 2026 Management View "Fiscal year 2026 demonstrated the strength of our business, our strategy and the enduring importance of education" (Chair Simon Allen), and "as a data-driven learning company, we made significant strides in AI-powered innovation launching new tools, expanding existing solutions, and deepening key partnerships" (Chair Allen). "My focus for shareholders is to maintain our profit profile, reduce our debt and accelerate our growth in fiscal year 2027 and beyond" (President and CEO Philip Moyer), while "the market dynamics support a multiyear acceleration of revenue growth and underpins our confidence in our medium-term framework for mid-single-digit plus revenue growth" (President and CEO Moyer). "I'm excited to announce that we are piloting our new agentic AI tool that will make our precision education experience accessible as a trusted AI agent" (President and CEO Moyer), adding that "this represents a new business model and one of several opportunities to expand our TAM" (President and CEO Moyer). "For the fiscal year, revenue was $2.1 billion" and "fiscal year adjusted EBITDA was $744 million" (Executive VP and CFO Robert Sallmann), and "during the fiscal year, we reduced gross debt by $646 million" (Executive VP and CFO Sallmann). Outlook "We expect revenue to be in the range of $2.115 billion to $2.175 billion" and "re-occurring revenue is expected to be in the range of $1.587 billion to $1.627 billion" (Executive VP and CFO Sallmann). "Adjusted EBITDA is expected to be in the range of $750 million to $790 million" and "unlevered free cash flow is expected to reach approximately $400 million" (Executive VP and CFO Sallmann). "Our Board has authorized a $50 million share repurchase plan" (Executive VP and CFO Sallmann), and the company said it will detail "a broader update on our long-term strategy and capital allocation framework at our Investor Day later this calendar year" (President and CEO Moyer...
Market Catalysts host Julie Hyman sits down with Epistrophy Capital Research Chief Market Strategist and The Drill Down podcast host Cory Johnson to discuss the upcoming SpaceX (SPCX) IPO. Johnson breaks down the company's key business segments and weighs in on its valuation. Asked whether he agrees with the proposed $135 IPO price, Johnson expressed caution, saying, "Projections out to the future...
Market Catalysts host Julie Hyman sits down with Epistrophy Capital Research Chief Market Strategist and The Drill Down podcast host Cory Johnson to discuss the upcoming SpaceX (SPCX) IPO. Johnson breaks down the company's key business segments and weighs in on its valuation. Asked whether he agrees with the proposed $135 IPO price, Johnson expressed caution, saying, "Projections out to the future to get to today's price are really optimistic."
P_Wei SpaceX ( SPCX ) is heading toward what could become the largest initial public offering in history, with demand from institutional and retail investors far exceeding the $75 billion of shares the company plans to sell. Among the largest orders, BlackRock requested at least $5 billion of stock, The Wall Street Journal reported, citing people familiar with the matter. Other major asset manager...
P_Wei SpaceX ( SPCX ) is heading toward what could become the largest initial public offering in history, with demand from institutional and retail investors far exceeding the $75 billion of shares the company plans to sell. Among the largest orders, BlackRock requested at least $5 billion of stock, The Wall Street Journal reported, citing people familiar with the matter. Other major asset managers submitted similarly large bids, reflecting unusually strong interest in the aerospace and artificial intelligence company. Retail investors have also flocked to the offering. Individual buyers submitted requests totaling more than $70 billion, according to people familiar with the process, while sovereign wealth funds, family offices and other institutional investors added to the demand. One family office alone sought more than $1 billion of shares, according to the report. Investor significance: The scale of demand suggests SpaceX ( SPCX ) could begin trading with a substantial shortage of available shares, potentially fueling strong early gains in the stock. The offering is also emerging as a key test of investor appetite for high-growth AI-related companies, particularly those commanding lofty valuations despite limited profitability. A successful debut could strengthen the market for other anticipated technology IPOs, while any signs of weakness may prompt investors to reassess how much they are willing to pay for future growth. Investors frequently submit orders larger than their intended allocations in oversubscribed IPOs. Even so, the size of the requests highlights the extraordinary interest surrounding the deal. Bankers closed the order book Wednesday and are now determining final allocations ahead of a planned market debut on Friday. Chief Executive Elon Musk has indicated that a larger-than-usual share of the offering could be reserved for retail investors, potentially accounting for as much as 30% of the deal. The enthusiasm has persisted despite several facto...