Cullinan Metals ( CMTNF ) plans to change its name to Automata Rare Earth. The company has reserved the new trading symbol AREE with the Canadian Securities Exchange, pending final exchange approval. Management said the rebranding reflects its strategic focus on rare earth elements, copper, and other critical minerals tied to electrification, AI infrastructure, defense, and renewable energy. The n...
Cullinan Metals ( CMTNF ) plans to change its name to Automata Rare Earth. The company has reserved the new trading symbol AREE with the Canadian Securities Exchange, pending final exchange approval. Management said the rebranding reflects its strategic focus on rare earth elements, copper, and other critical minerals tied to electrification, AI infrastructure, defense, and renewable energy. The name change is expected to become effective on or about June 10, 2026. More on Cullinan Metals Corp. Cullinan Metals names Christopher Huggins as CEO Financial information for Cullinan Metals Corp.
The dollar index (DXY00 ) on Friday rallied to a 1.75-month high and finished up by +0.66%. The dollar recovered from early losses on Friday and surged on the stronger-than-expected US May payroll report, bolstering speculation that the next Fed move will be an interest rate increase. Also, Friday's stock...
The dollar index (DXY00 ) on Friday rallied to a 1.75-month high and finished up by +0.66%. The dollar recovered from early losses on Friday and surged on the stronger-than-expected US May payroll report, bolstering speculation that the next Fed move will be an interest rate increase. Also, Friday's stock...
Marvell Technology is set to join the benchmark S&P 500 index, S&P Dow Jones Indices said on Friday, sending the chipmaker's shares up 6% in extended trading. The company will join the benchmark index later this month, after it recently cleared a key profitability hurdle riding a blistering AI-fueled rally. The stock will replace swimming pool equipment distributor PoolCorp on the benchmark ind...
Marvell Technology is set to join the benchmark S&P 500 index, S&P Dow Jones Indices said on Friday, sending the chipmaker's shares up 6% in extended trading. The company will join the benchmark index later this month, after it recently cleared a key profitability hurdle riding a blistering AI-fueled rally. The stock will replace swimming pool equipment distributor PoolCorp on the benchmark index before the start of trading on June 22.
Never miss an episode. Follow The Big Take daily podcast today. By many metrics, Meta is falling behind in the AI race. So CEO Mark Zuckerberg is building one of the largest data centers in the world — a facility the size of about 3,000 football fields in one of the poorest regions in the US. On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg reporter Riley Griffin, who travel...
Never miss an episode. Follow The Big Take daily podcast today. By many metrics, Meta is falling behind in the AI race. So CEO Mark Zuckerberg is building one of the largest data centers in the world — a facility the size of about 3,000 football fields in one of the poorest regions in the US. On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg reporter Riley Griffin, who traveled to Richland Parish, Louisiana, to hear from residents about the risks and opportunities they see as Meta comes to town. Will they reap the benefits? Or trade in one uncertain economy for another? Read more: Meta Goes Big on the Bayou We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Listen and follow The Big Take on Apple Podcasts , Spotify or wherever you get your podcasts. Terminal clients: Visit NSUB to subscribe. This episode was produced by: Julia Press; Editors: Aaron Edwards; Fact-checker: Laura Newcombe and Rachael Lewis-Krisky; Sound Design/Engineer: Alex Sugiura; Senior Producer: Naomi Shavin; Senior Editor: Elisabeth Ponsot; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer.
Key PointsThe iShares Morningstar Small-Cap Value ETF offers a significantly lower expense ratio and higher dividend yield than the iShares Russell 2000 Value ETF.
Key PointsThe iShares Morningstar Small-Cap Value ETF offers a significantly lower expense ratio and higher dividend yield than the iShares Russell 2000 Value ETF.
NuScale Power (NYSE:SMR) , developer of small modular nuclear reactors, closed Friday at $10.50, down 12.50%. The stock moved lower during the regular session as traders continued to reassess its investment narrative while monitoring evolving SMR policy support and new use cases. Trading volume reached 45.2 million shares, about 45% above its three-month average of 31.2 million shares. NuScale Pow...
NuScale Power (NYSE:SMR) , developer of small modular nuclear reactors, closed Friday at $10.50, down 12.50%. The stock moved lower during the regular session as traders continued to reassess its investment narrative while monitoring evolving SMR policy support and new use cases. Trading volume reached 45.2 million shares, about 45% above its three-month average of 31.2 million shares. NuScale Power IPO'd in 2022 and has grown 4% since going public. The S&P 500 (SNPINDEX:^GSPC) fell 2.63% to 7,385, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 4.18% to finish at 25,709. Within specialty industrial machinery, industry peers Oklo (NYSE:OKLO) closed at $58.09, down 11.16%, and Nano Nuclear Energy (NASDAQ:NNE) ended at $23.56, off 9.94%, reflecting broad weakness across SMR developers. It shouldn’t be a surprise that speculative energy names like NuScale Power underperform the market on a risk-off day. With the Nasdaq having its worst day since April 2025, NuScale shareholders should take today’s move in stride. Continue reading
Trump Tells "Less Shackled" Pulte To Fire Intelligence Officials As Senate Blocks FISA Extension When has the Senate ever not increased government spy powers? When President Trump installs Bill Pulte as acting DNI and instructs him to start kicking hornet nests, apparently. In a WSJ interview published Friday, Trump revealed he has directed incoming acting Director of National Intelligence Bill Pu...
Trump Tells "Less Shackled" Pulte To Fire Intelligence Officials As Senate Blocks FISA Extension When has the Senate ever not increased government spy powers? When President Trump installs Bill Pulte as acting DNI and instructs him to start kicking hornet nests, apparently. In a WSJ interview published Friday, Trump revealed he has directed incoming acting Director of National Intelligence Bill Pulte to begin the process of firing a large number of employees as part of a major shake-up of the U.S. intelligence community. Trump described the Office of the Director of National Intelligence (ODNI) as “unnecessary and/or too big” and said he wants it made “much smaller” - and possibly even terminated. “ I’d like to see it smaller. I think there are a lot of people in there that shouldn’t be there ,” Trump said, targeting holdovers from prior administrations. He told Pulte to “start the process” of firings, noting that Pulte’s acting status makes him “less shackled” and gives him more power in the short term to do the “hard work” of downsizing before a permanent director is confirmed. Trump compared the approach to Education Secretary Linda McMahon’s efforts to shrink her department. This aggressive move comes as the Senate early Friday morning blocked a procedural motion to extend a key provision of the Foreign Intelligence Surveillance Act (FISA) , in a 47-52 vote that saw seven Republicans join nearly all Democrats in opposition. The timing of Trump’s decision to name federal housing finance regulator Pulte as acting Director of National Intelligence played a central role in the backlash. Senate Majority Leader John Thune acknowledged that "the naming of Pulte to that position, although the timing arguably wasn't the best," still should not derail such a critical national security measure according to AP . However, the backlash proved too strong. Democrats and several Republicans viewed Pulte's lack of intelligence-community experience and past controversies as disqua...
franckreporter/iStock via Getty Images Momentum has been the driving factor of the stock market rally we’ve seen since the lows set on March 30 th , 2026. Source: Yahoo Finance As this chart shows, the momentum factor, as expressed in the iShares MSCI USA Momentum Factor ETF ( MTUM ), has more than doubled the performance of the State Street SPDR S&P 500 ETF Trust ( SPY ) during this time period. ...
franckreporter/iStock via Getty Images Momentum has been the driving factor of the stock market rally we’ve seen since the lows set on March 30 th , 2026. Source: Yahoo Finance As this chart shows, the momentum factor, as expressed in the iShares MSCI USA Momentum Factor ETF ( MTUM ), has more than doubled the performance of the State Street SPDR S&P 500 ETF Trust ( SPY ) during this time period. However, the breadth has been incredibly narrow, with essentially all the gains being driven by the tech sector and, specifically, semiconductors. Source: Seeking Alpha Despite this, the fundamentals do not support all this exuberance. On the contrary, the fundamentals support expectations for significant downside ahead. With the recent beginnings of a breakdown in markets, in this article, I will argue that it’s time to get off the momentum train, take profits, begin to position defensively, and even consider going short. Background In October of last year, I started to get especially bearish on markets. This culminated in my taking out a short position on NVDA through put options as well as a short position against the S&P 500 through SPDN. As I discussed in this article , I closed these positions on March 27 th and March 31st, respectively, as I began to have the sense that something was shifting in markets. Even though the bearish story was still largely intact from a fundamentals perspective, I had the sense that something was shifting, especially in terms of sentiment, and that I needed to close out this bearish exposure. This turned out to be a very fortunate call as the stock market has simply ripped since then. A few days after closing out these bearish positions, I went long the market through SPY and then QQQ and have been able to participate in the upside that way. However, the thesis for these positions was wholly a momentum-based thesis. As is evident in my articles throughout this period, I have never really wavered on my bearishness from a fundamentals persp...
In early June 2026, Lumentum Holdings agreed to exchange about US$650.4 million of its 0.50% convertible senior notes due 2028 for roughly 5 million common shares, while Nvidia’s CEO publicly emphasized Lumentum’s role in solving AI data center connectivity bottlenecks and the company committed several hundred million dollars to a new US optical manufacturing facility. This combination of debt-for...
In early June 2026, Lumentum Holdings agreed to exchange about US$650.4 million of its 0.50% convertible senior notes due 2028 for roughly 5 million common shares, while Nvidia’s CEO publicly emphasized Lumentum’s role in solving AI data center connectivity bottlenecks and the company committed several hundred million dollars to a new US optical manufacturing facility. This combination of debt-for-equity reduction, high-profile AI infrastructure endorsement, and long-term capacity build-out...