In trading on Tuesday, shares of Range Resources Corp (Symbol: RRC) crossed below their 200 day moving average of $38.51, changing hands as low as $38.12 per share. Range Resources Corp shares are currently trading down about 2% on the day. The chart below shows the one year p
In trading on Tuesday, shares of Range Resources Corp (Symbol: RRC) crossed below their 200 day moving average of $38.51, changing hands as low as $38.12 per share. Range Resources Corp shares are currently trading down about 2% on the day. The chart below shows the one year p
Kevin Warsh was sworn in as the new Federal Reserve chairman on May 22, 2026, after months of tension between departing Fed chair Jerome Powell and President Donald Trump. Trump has long advocated for a reduction in interest rates to promote economic growth and provide relief to would-be homebuyers facing a difficult housing market and ... New Inflation Data Confirms the end of Kevin Warsh’s Honey...
Kevin Warsh was sworn in as the new Federal Reserve chairman on May 22, 2026, after months of tension between departing Fed chair Jerome Powell and President Donald Trump. Trump has long advocated for a reduction in interest rates to promote economic growth and provide relief to would-be homebuyers facing a difficult housing market and ... New Inflation Data Confirms the end of Kevin Warsh’s Honeymoon
Represents a foundational step in Dave's capital strategy, reducing direct funding obligations, lowering cost of capital and unlocking substantial liquidity for capital allocation priorities
Represents a foundational step in Dave's capital strategy, reducing direct funding obligations, lowering cost of capital and unlocking substantial liquidity for capital allocation priorities
BOISE, Idaho, June 09, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced the appointment of Dr. Alexis Black Björlin to its board of directors. Dr. Björlin is a highly accomplished technology executive with deep experience spanning artificial intelligence infrastructure, cloud platforms, semiconductors, networking and optical systems. She is currently Chief Strategy Off...
BOISE, Idaho, June 09, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced the appointment of Dr. Alexis Black Björlin to its board of directors. Dr. Björlin is a highly accomplished technology executive with deep experience spanning artificial intelligence infrastructure, cloud platforms, semiconductors, networking and optical systems. She is currently Chief Strategy Officer at General Catalyst. Previously, Dr. Björlin served as senior vice president and general manage
alexsl Wall Street traded in volatile fashion as investors navigated shifting sentiment tied to geopolitical developments and energy markets, with major indexes swinging sharply between gains and losses throughout the session. The technology-heavy Nasdaq Composite ( COMP:IND ) was hit the hardest, falling as much as 3.5% intraday before trimming losses to close down -0.9%. The benchmark S&P 500 ( ...
alexsl Wall Street traded in volatile fashion as investors navigated shifting sentiment tied to geopolitical developments and energy markets, with major indexes swinging sharply between gains and losses throughout the session. The technology-heavy Nasdaq Composite ( COMP:IND ) was hit the hardest, falling as much as 3.5% intraday before trimming losses to close down -0.9%. The benchmark S&P 500 ( SP500 ) slipped -0.2%, while the blue-chip Dow Jones Industrial Average ( DJI ) managed a modest +0.1% gain. Seeking Alpha analyst Andrew Hecht said developments in the Middle East and fluctuations in crude oil prices remain the dominant forces shaping market direction across asset classes. “The Middle East and crude oil prices remain the critical factors in determining the path of least resistance for markets across all asset classes,” Hecht stated, highlighting the outsized influence of geopolitical events on investor behavior. Hecht also warned that seasonal factors could amplify future market swings. As the summer vacation period approaches and trading activity slows ahead of the July 4 holiday and the nation’s 250th anniversary celebrations, liquidity is expected to decline. Given that backdrop, Hecht said “anything is possible” in the weeks ahead and urged investors to focus on shorter-term trading opportunities while maintaining clearly defined risk-reward parameters amid the potential for elevated volatility. Market Tracking ETFs: ( DIA ), ( DDM ), ( DOG ), ( DXD ), ( SDOW ), ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( QQQ ), ( QQQM ), ( TQQQ ), ( QID ), and ( SQQQ ). More on markets Silver falls below 200-day MA, down 45% from its record high set earlier this year AI job crisis nowhere to be found as hiring remains strong, Apollo says BofA raises red flags as bear-market signals flash Beyond big tech: AI adoption spreads across nearly every sector AI benefits still concentrated in the Magnificent Seven, Apollo says
Jordan Siemens/DigitalVision via Getty Images Shares of Pool Corporation ( POOL ) have been a very poor performer over the past year, losing about 40% of their value as the company has struggled with weak consumer demand for big-ticket purchases given inflation and interest rates. With housing market activity tepid, I do not expect a meaningful rebound in the construction portion of its business e...
Jordan Siemens/DigitalVision via Getty Images Shares of Pool Corporation ( POOL ) have been a very poor performer over the past year, losing about 40% of their value as the company has struggled with weak consumer demand for big-ticket purchases given inflation and interest rates. With housing market activity tepid, I do not expect a meaningful rebound in the construction portion of its business even as the chemicals and maintenance work provides some cushioning for results. Beyond fundamentals, shares fell 2% on Monday, June 8th, as investors digested news it would be exiting the S&P 500 Index ( SP500 ). I last covered shares in February , rating the stock a Sell, which has played out as POOL has lost 17% since then. With updated financials, now is a good time to revisit shares. Seeking Alpha On Friday , we learned that Pool Corporation will be leaving the S&P 500 as its market cap has fallen, and it will move into the S&P SmallCap 600. This change will officially occur on June 22 nd . Now, to be clear, this does not have any impact on cash flows and earnings power; in a sense, its “fundamentals” are unchanged. Still, this is a negative that even purely fundamental investors should consider. This move is more indicative of its prior underperformance in my view than going forward prospects. We invest in an environment where there is considerable passive money. Beyond this, most active managers use benchmarks, with the S&P 500 being one of the most popular. POOL now becomes an “out of index” bet for them, which may reduce their weighting to the name. Index funds can own ~20% of S&P 500 stocks, and “benchmark hugging” active strategies can own even more. BlackRock, T. Rowe Price, Vanguard, and State Street (all major index fund managers) own 9.5 million shares , about a quarter of the company. Now, the net selling will be substantially less than this because there are also funds benchmarked to the S&P 600, which POOL will be entering, and non-S&P indices. Still, the m...
California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can't afford not to tax wealth that's grown far faster than ordinary incomes. (Source: Bloomberg)
California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can't afford not to tax wealth that's grown far faster than ordinary incomes. (Source: Bloomberg)
The following companies are expected to report earnings prior to market open on 06/10/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Core & Main, Inc. (CNM)is reporting for the quarter ending April 30, 2026. The machinery company's consensus
The following companies are expected to report earnings prior to market open on 06/10/2026. Visit our Earnings Calendar for a full list of expected earnings releases.Core & Main, Inc. (CNM)is reporting for the quarter ending April 30, 2026. The machinery company's consensus
Argentina’s Industrias Metalurgicas Pescarmona SAICF is in talks with the Venezuelan government to restart manufacturing and repairs on turbines for the Andean nation’s sprawling Guri dam complex, according to the company’s top executive. Known as Impsa and now privately owned, the hydroelectric construction firm is looking to resume work at the Macagua and Tocoma dams that would add 672 megawatts...
Argentina’s Industrias Metalurgicas Pescarmona SAICF is in talks with the Venezuelan government to restart manufacturing and repairs on turbines for the Andean nation’s sprawling Guri dam complex, according to the company’s top executive. Known as Impsa and now privately owned, the hydroelectric construction firm is looking to resume work at the Macagua and Tocoma dams that would add 672 megawatts of capacity to Venezuela’s power grid, Chief Executive Officer Jorge Salcedo said in an interview. The projects, which started in the mid-2000s when both countries were governed by leftist leaders who aggressively expanded state control of their respective economies, ground to a halt amid Venezuela’s economic and political crisis. Venezuela’s grid has deteriorated over the past two decades to a point where blackouts occur daily in towns across the country and even in parts of the capital, Caracas. Lawmakers are pushing for an overhaul the nation’s electricity law that would open the sector to private investment, allowing companies to generate, distribute and sell power under government concessions. Impsa’s resumption of work would be included as an addendum to current and unfinished contracts with Venezuela. The aim is to repair three 80-megawatt turbines at Macagua and, when that is completed, to install two 216-megawatt units at Tocoma, said Salcedo, who is also president of Impsa’s board. “Our schedule aims to bring 160 megawatts online at Macagua within the next 100 days,” he said, without specifying when an agreement could be signed. The information ministry in Caracas didn’t immediately respond to a request for comment on the Impsa talks. While the additional wattage planned represents less than 2% of Venezuela’s total installed capacity, it would help the nation start to rebuild its rickety grid. Blackouts are so frequent that the government is advising energy companies that want to be part of US-led efforts to rebuild the oil sector to bring their own power supplie...
Richard Drury A federal judge gave preliminary approval to Visa's ( V ) and Mastercard's ( MA ) revised $38B settlement with merchants who had alleged that the card networks' swipe fees overcharged merchants to process payments on credit cards, according to a media report on Tuesday. U.S. District Court Judge Brian Cogan in Brooklyn, NY, made the decision almost two years after another judge rejec...
Richard Drury A federal judge gave preliminary approval to Visa's ( V ) and Mastercard's ( MA ) revised $38B settlement with merchants who had alleged that the card networks' swipe fees overcharged merchants to process payments on credit cards, according to a media report on Tuesday. U.S. District Court Judge Brian Cogan in Brooklyn, NY, made the decision almost two years after another judge rejected a proposed $30B settlement, saying it didn't provide sufficient relief to merchants. Some trade groups, including the National Retail Federation, the National Association of Convenience Stores, and the Merchants Payments Coalition, also objected to the revised settlement, Reuters reported. Major retailers, including Walmart, said the settlement was a “gift” to the credit card network operators because it allowed them to continue anticompetitive conduct "without fear of being challenged by large national merchants," the report said. The revised settlement was reached in November 2025, resolving a lawsuit that merchants filed in 2005. Under the agreement, Mastercard and Visa agreed to reduce the U.S. combined average effective credit interchange rate, or swipe fee, by 0.1 percentage point for five years. Standard U.S. consumer credit rates will be capped at 1.25% through the terms of the agreement. Furthermore, merchants will have the option to accept specific categories of cards, such as commercial, premium consumer, or standard consumer. Mastercard ( MA ) stock rose 1.9%, and Visa ( V ) stock gained 1.8% in late Tuesday trading. More on Mastercard, Visa Mastercard Incorporated (MA) Presents at RBC Capital Markets Global Financial Technology Conference 2026 Transcript Mastercard: Advanced DuPont Analysis Reveals Value-Added Services Are Built To Skyrocket The Share Price Visa: Why The DOJ Lawsuit Has Created A Rare Buying Opportunity Visa, Brale explore private stablecoin settlement for institutions Visa, Mastercard transactions in Cuba to be suspended, central bank says