Bitcoin ( BTC-USD ) price hovered around the $77k to $80k range in May, with prices further declining in June. The cryptocurrency market has erased more than $2T in value since reaching a record high in October 2025 and is now down 48% from that peak, according to data highlighted by The Kobeissi Letter. CleanSpark ( CLSK ) saw the highest short interest among mid, large, and mega-cap firms at 32....
Bitcoin ( BTC-USD ) price hovered around the $77k to $80k range in May, with prices further declining in June. The cryptocurrency market has erased more than $2T in value since reaching a record high in October 2025 and is now down 48% from that peak, according to data highlighted by The Kobeissi Letter. CleanSpark ( CLSK ) saw the highest short interest among mid, large, and mega-cap firms at 32.76%. Meanwhile, Twenty One Capital ( XXI ) continued to see the lowest interest from short sellers at 1.29%. Here are the five most shorted crypto stocks with market capitalizations of above $2 billion (as a % of shares outstanding) CleanSpark ( CLSK ); Short Interest: 32.76% Bitdeer Technologies ( BTDR ); Short Interest: 27.06% MARA Holdings ( MARA ); Short Interest: 26.05% TeraWulf ( WULF ); Short Interest: 22.25% Riot Platforms ( RIOT ); Short Interest: 17.06% Here are the five least shorted crypto stocks with market capitalizations of above $2 billion (as a % of shares outstanding) Twenty One Capital ( XXI ); Short Interest: 1.29% Block ( XYZ ); Short Interest: 3.92% Trump Media & Technology ( DJT ); Short Interest: 3.99% Bitmine Immersion Technologies ( BMNR ); Short Interest: 4.62% Bullish ( BLSH ); Short Interest: 8.49% More on Crypto MARA Holdings: A $1.5 Billion Acquisition Just Transformed Its Identity CleanSpark: Up Over 100%, But The Fundamentals Keep Getting Uglier TeraWulf: Why I Am Doubling Down At One-Year Highs CleanSpark post-May results: Names new SVP of Finance, BTC holdings rise to 13.47K Bitmine Immersion Technologies to raise money via preferred stock
Land construction in Shenzhen's Longhua district. Photo: IC photo Intense bidding wars for prime residential plots have returned to major Chinese cities, but the selective frenzy masks a deeper contraction in developers’ land purchases. Between April 1 and May 28, at least 12 premium land parcels in cities including Beijing, Shanghai and Hangzhou drew 1,126 rounds of bidding and sold for a combine...
Land construction in Shenzhen's Longhua district. Photo: IC photo Intense bidding wars for prime residential plots have returned to major Chinese cities, but the selective frenzy masks a deeper contraction in developers’ land purchases. Between April 1 and May 28, at least 12 premium land parcels in cities including Beijing, Shanghai and Hangzhou drew 1,126 rounds of bidding and sold for a combined 26.9 billion yuan ($4 billion), with an average premium of 36%, according to data released Thursday by E-House China Research and Development Institution.
Justin Paget/DigitalVision via Getty Images The last few months have been a really difficult time for shareholders of Patrick Industries, Inc. ( PATK ). In early February of this year, I wrote a neutral article about the business. Even though financial performance for the business leading up to that point was impressive, with sales and earnings coming in above expectations, and with management for...
Justin Paget/DigitalVision via Getty Images The last few months have been a really difficult time for shareholders of Patrick Industries, Inc. ( PATK ). In early February of this year, I wrote a neutral article about the business. Even though financial performance for the business leading up to that point was impressive, with sales and earnings coming in above expectations, and with management forecasting further growth this year compared to last year, I remained torn because of how expensive the stock was. I wouldn't say that it was overvalued. But it certainly wasn't undervalued. At the end of the day, citing the valuation of the company, I decided to rate it a ‘hold.’ Since that time, things have gone rather poorly. A decline in revenue has pushed the stock down an astounding 35.3%. This is at a time when the S&P 500 is up 9%. And since I originally rated it a ‘hold’ in October of last year, shares are down 9% while the market is up 8.1%. From a valuation standpoint, the company now looks slightly undervalued. Normally, this would elicit an upgrade from me. However, I am becoming increasingly concerned about the state of the economy. Long term, I have no doubt that the company will do well from an operational standpoint. But as things stand, I think that remaining cautious and sticking with my previous ‘hold’ rating is necessary here. Digging Into Patrick Industries Author - SEC EDGAR Data Since my last article about Patrick Industries, investors have only had data covering one additional operating quarter come out for the company. That would be the first quarter of the 2026 fiscal year. During that time, revenue for the business came in at $997.2 million. This represents a small drop from the $1 billion that the business reported a year earlier. As the image below illustrates, this drop in sales was fueled entirely by two product lines. The first of these was the Recreational Vehicle product line. This part of the company offers equipment to OEMs of recreational...
zepp1969/iStock via Getty Images Introduction In my view, FirstCash Holdings ( FCFS ) is a strong and resistant business, but the current share price is based on too optimistic a growth scenario, in my opinion. FirstCash Holdings holds a dominating position in the alternative financial market, managing more than 3300 pawnshops in the USA, Latin America, and the United Kingdom. The company's busine...
zepp1969/iStock via Getty Images Introduction In my view, FirstCash Holdings ( FCFS ) is a strong and resistant business, but the current share price is based on too optimistic a growth scenario, in my opinion. FirstCash Holdings holds a dominating position in the alternative financial market, managing more than 3300 pawnshops in the USA, Latin America, and the United Kingdom. The company's business model is based on low-value secured loans and confiscated asset retail trading, which ensures resistance to economic fluctuations. In 2026 Q1 , the company reached record-level revenues of $1.05 billion, recording a 26% annual growth. This growth was pushed by the aggressive expansion and a 19% increase in pawnshop receivables in the US market. Net income in this period increased 29%, and GAAP EPS reached $2.43. Despite the operational efficiency, share price valuation remains tense. P/E ratio reaching 27x, which is well above the consumer finance sector's median of 12.2x. P/B ratio also reaching 4x shows a significant premium for the equity. Even though the American First Finance segment adds to revenues through buy now pay later services, the main profitability is generated through pawnshop operations, which make up around 90% of the total net revenue. Latin America, where there are more than 1800 stores, saw revenue in the local currency grow 23%. Successful H&T group integration in the UK market shows that the market has already priced in the optimistic growth scenario. Any revenue growth slowdown or regulatory changes could cause a rapid price drop from the current level. Business overview FirstCash Holdings business model is based on two main revenue streams: pawnshop operations and the American First Finance segment, providing consumer financing. In the Pawnshop segment, the company earns from interests on short-term secured loans and retail goods. The company's current retail trading margin is reaching 41%, which shows a high operational efficiency in realizing c...
SoFi (NASDAQ: SOFI) and Robinhood (NASDAQ: HOOD) are two of the most popular financial technology, or fintech, stocks in the market. Robinhood has been the better performer over the past few years, but with both stocks beaten down, which is the best choice right now? *Stock prices used were the morning prices of June 3, 2026. The video was published on June 4, 2026. Continue reading
SoFi (NASDAQ: SOFI) and Robinhood (NASDAQ: HOOD) are two of the most popular financial technology, or fintech, stocks in the market. Robinhood has been the better performer over the past few years, but with both stocks beaten down, which is the best choice right now? *Stock prices used were the morning prices of June 3, 2026. The video was published on June 4, 2026. Continue reading
Concerns around private credit don’t seem to be going away. One quarter after investors in Blackstone’s (NYSE:BX) flagship, $79 billion private credit fund, referred to as BCRED, requested redemptions totaling about 8% of shares, investors are now requesting redemptions totaling 10%. While some funds like Blackstone met all redemption requests in the first quarter, they are now not planning to be ...
Concerns around private credit don’t seem to be going away. One quarter after investors in Blackstone’s (NYSE:BX) flagship, $79 billion private credit fund, referred to as BCRED, requested redemptions totaling about 8% of shares, investors are now requesting redemptions totaling 10%. While some funds like Blackstone met all redemption requests in the first quarter, they are now not planning to be so lenient and will actually put up a wall to stop them. Continue reading
Pinterest will spend $4 billion on cloud services from Amazon through 2031, the companies announced Thursday. Both Amazon stock and shares of Pinterest pushed higher. The deal is the largest infrastructure commitment in Pinterest's history.
Pinterest will spend $4 billion on cloud services from Amazon through 2031, the companies announced Thursday. Both Amazon stock and shares of Pinterest pushed higher. The deal is the largest infrastructure commitment in Pinterest's history.
Bitcoin ( BTC-USD ) price hovered around the $77k to $80k range in May, with prices further declining in June. The cryptocurrency market has erased more than $2T in value since reaching a record high in October 2025 and is now down 48% from that peak, according to data highlighted by The Kobeissi Letter. Forum Markets ( FRMM ) saw the highest short interest among micro-cap and small-cap firms at 2...
Bitcoin ( BTC-USD ) price hovered around the $77k to $80k range in May, with prices further declining in June. The cryptocurrency market has erased more than $2T in value since reaching a record high in October 2025 and is now down 48% from that peak, according to data highlighted by The Kobeissi Letter. Forum Markets ( FRMM ) saw the highest short interest among micro-cap and small-cap firms at 21.98%. Meanwhile, BitFuFu ( FUFU ) continued to see the lowest interest from short sellers at 0.52%. Here are the five most shorted crypto stocks with market capitalizations of up to $2 billion (as a % of shares outstanding) Forum Markets ( FRMM ); Short Interest: 21.98% KULR Technology Group ( KULR ); Short Interest: 21.61% Strive ( ASST ); Short Interest: 20.10% Gemini Space Station ( GEMI ); Short Interest: 18.83% DeFi Development ( DFDV ); Short Interest: 17.68% Here are the five least shorted crypto stocks with market capitalizations of up to $2 billion (as a % of shares outstanding) BitFuFu ( FUFU ); Short Interest: 0.52% CoinShares ( CSHR ); Short Interest: 0.63% Fold Holdings ( FLD ); Short Interest: 0.77% Cango ( CANG ); Short Interest: 1.14% American Bitcoin ( ABTC ); Short Interest: 2.42% More on Cryptocurrency SATA: 13% Yield Preferred Stock Paying Daily Dividends Cango Inc. 2026 Q1 - Results - Earnings Call Presentation Forum Markets, Incorporated 2026 Q1 - Results - Earnings Call Presentation Most and least shorted financial stocks with market caps up to $2B in May Cango Inc. GAAP EPS of -$0.14, revenue of $102M
July arabica coffee (KCN26 ) today is down -4.90 (-1.94%), and July ICE robusta coffee (RMN26 ) is down -9 (-0.27%). Coffee prices added to this week’s sharp losses today, with arabica falling to a 19-month nearest-futures low and robusta sliding to a 7-week low. The outlook for a record...
July arabica coffee (KCN26 ) today is down -4.90 (-1.94%), and July ICE robusta coffee (RMN26 ) is down -9 (-0.27%). Coffee prices added to this week’s sharp losses today, with arabica falling to a 19-month nearest-futures low and robusta sliding to a 7-week low. The outlook for a record...
Saudi national, 21, held on suspicion of attempted murder over incident at Manor Park student village in Guildford A former University of Surrey student has been arrested on suspicion of attempted murder after a man was shot with a crossbow in Guildford. The victim, who is in his 50s and a member of the university’s campus safety team, was seriously injured in the incident and is being treated at ...
Saudi national, 21, held on suspicion of attempted murder over incident at Manor Park student village in Guildford A former University of Surrey student has been arrested on suspicion of attempted murder after a man was shot with a crossbow in Guildford. The victim, who is in his 50s and a member of the university’s campus safety team, was seriously injured in the incident and is being treated at Royal Surrey County hospital close to the scene of the shooting. Continue reading...
AI euphoria hits a reality check as Broadcom’s weak outlook reignites fears the chip-fueled rally has gone too far. Plus, Jamie Dimon pitches the SpaceX IPO to the bank's high-net-worth clients. Blackstone’s private credit fund limits redemptions for the first time, VistaJet’s Leona Qi join us on the private aviation boom, Ciena CEO Gary Smith joins "Bloomberg Open Interest" on surging AI network ...
AI euphoria hits a reality check as Broadcom’s weak outlook reignites fears the chip-fueled rally has gone too far. Plus, Jamie Dimon pitches the SpaceX IPO to the bank's high-net-worth clients. Blackstone’s private credit fund limits redemptions for the first time, VistaJet’s Leona Qi join us on the private aviation boom, Ciena CEO Gary Smith joins "Bloomberg Open Interest" on surging AI network demand, and Education Under Secretary Nicholas Kent discusses the future of struggling colleges. Get a jump start on the US trading day with Matt Miller and Dani Burger on Bloomberg Open Interest. (Source: Bloomberg)
Key PointsThe presentation at the annual American Society of Clinical Oncology conference drew mixed reactions, with investors initially selling the stock heavily.
Key PointsThe presentation at the annual American Society of Clinical Oncology conference drew mixed reactions, with investors initially selling the stock heavily.
We Are/DigitalVision via Getty Images Portfolio management GQG Partners Rajiv Jain Lead Portfolio Manager Fund tenure since 2021 Brian Kersmanc Portfolio Manager Fund tenure since 2022 Sudarshan Murthy, CFA Portfolio Manager Fund tenure since 2022 Sid Jain Deputy Portfolio Manager Fund tenure since 2024 Click to enlarge Asset class: U.S. Equity Objective: The Fund seeks long-term capital appreciat...
We Are/DigitalVision via Getty Images Portfolio management GQG Partners Rajiv Jain Lead Portfolio Manager Fund tenure since 2021 Brian Kersmanc Portfolio Manager Fund tenure since 2022 Sudarshan Murthy, CFA Portfolio Manager Fund tenure since 2022 Sid Jain Deputy Portfolio Manager Fund tenure since 2024 Click to enlarge Asset class: U.S. Equity Objective: The Fund seeks long-term capital appreciation Morningstar category: Large Blend Class A: NWAUX Eagle Class: NWAYX Inst Svc: NWAWX Class R6: NWAVX Market Environment During the first quarter, the S&P 500® Index declined 4.33% with five of the 11 sectors exhibiting negative returns. The largest drivers of the benchmark's decline were information technology (-9.13%, contributing -310 basis points (bps) to the performance of the S&P 500 Index), financials (-9.35%, -117 bps), and consumer discretionary (-9.19%, -93 bps). Stylistically, the S&P 500® Value index (0.03%) easily outperformed the S&P 500® Growth Index (-8.11%) during the period. Israel and the US initiated an attack on Iran at the end of February, killing its Supreme Leader as well as other senior government and military officials. Iran responded in March by targeting the energy infrastructure of its neighbors and closing the Strait of Hormuz, the lone seaborne export route from the Persian Gulf through which an estimated one-fifth of the world's crude oil and liquefied natural gas supplies are transported. As a result, the near-term futures price of Brent crude oil trading in the US and natural gas traded in Europe increased more than 70% and 80%, respectively, during the quarter. In the US, new tools from AI model developer Anthropic and others prompted investor concern about the medium-term profitability and longer-term viability of a wide range of businesses at risk of disruption from AI including software, insurance brokers, wealth managers, logistics companies, and commercial real estate. Skepticism also appeared to be increasing on the expected profit...