jaanalisette/iStock Editorial via Getty Images Wise Group ( WSE ) shares plunged after a report by The Bureau of Investigative Journalism said that the digital money transfer giant is under investigation in Belgium over ~€500M of suspicious transactions. TBIJ is a London-based news organization that pursues "public interest" investigations. Shares were 13.39% lower at $11.06 during pre-market trad...
jaanalisette/iStock Editorial via Getty Images Wise Group ( WSE ) shares plunged after a report by The Bureau of Investigative Journalism said that the digital money transfer giant is under investigation in Belgium over ~€500M of suspicious transactions. TBIJ is a London-based news organization that pursues "public interest" investigations. Shares were 13.39% lower at $11.06 during pre-market trading on Monday. According to the report, prosecutors in Belgium are probing the company over concerns that its accounts have been used by criminals to launder fraud, corruption, and drug trafficking proceeds. The investigation was said to have opened in 2025. The prosecutors are reportedly looking into indications of non-compliance with anti-money laundering legislation by the company in more than 30 countries across Europe, and the investigation is set to conclude soon. More on Wise Group plc Wise plc (WPLCF) Discusses Mission, Infrastructure, and Value Proposition in Cross-Border Money Movement - Slideshow Wise plc (WPLCF) Discusses Mission, Infrastructure, and Value Proposition in Cross-Border Money Movement Transcript Wise plc: Valuation Concerns Outweigh Benefits Of Upcoming NASDAQ Listing Biggest stock movers Monday: TMHC, NVDA, and more Wise Group stock jumps 12% after US debut, preliminary FY2026 results
US equity-index futures rise, despite higher oil prices. Contracts on the S&P 500 Index are up 0.3% at 7:46 a.m. in New York. Nasdaq 100 futures gain 0.3% Dow Jones Industrial Average futures climb 0.5% The MSCI World Index slips 0.1% Here are some of the biggest US movers before the bell: Nvidia (NVDA) is up 2.3% after the leader in AI chips said it was entering the PC market with a new chip. The...
US equity-index futures rise, despite higher oil prices. Contracts on the S&P 500 Index are up 0.3% at 7:46 a.m. in New York. Nasdaq 100 futures gain 0.3% Dow Jones Industrial Average futures climb 0.5% The MSCI World Index slips 0.1% Here are some of the biggest US movers before the bell: Nvidia (NVDA) is up 2.3% after the leader in AI chips said it was entering the PC market with a new chip. The news is supporting chip-design company Arm, whose ADRs (ARM) are up 13%, while weighing on chipmakers in the CPU space, with Intel (INTC) down 6%, Qualcomm (QCOM) sinking 9.7%, and AMD (AMD) down 4.3%. Software stocks rally, with Microsoft (MSFT) up 4.1%, after Nvidia CEO Jensen Huang rebuffed concerns that the industry is at risk of being disrupted by more advanced AI tools. Other Magnificent Seven stocks: Meta Platforms (META) +0.3%, Amazon (AMZN) -0.5%, Apple (AAPL) -0.7%, Alphabet (GOOGL) -0.8%, Tesla (TSLA) -1.5% IBM (IBM) jumps 14% after a video of President Donald Trump praising the company’s CEO and discussing the stock at a December event recirculated on social media over the weekend. Oculis (OCS) sinks 32% after the biopharmaceutical firm said studies of its OCS-01 eye drops in patients with diabetic macular edema missed primary endpoint. Redwire Corp. (RDW) is down 7.1% after Jefferies downgraded the defense company to hold from buy. Strategy Inc. (MSTR) is down 2.7% as Mizuho Securities cut its the price target on the Bitcoin treasury company to $265 from $320 on lower crypto prices. Taylor Morrison Home Corporation (TMHC) is up 23% after Berkshire Hathaway agreed to acquire the company for a total enterprise value of approximately $8.5b.
Key PointsRigetti just launched its most powerful quantum system yet (the 108-qubit Cepheus-1-108Q) and secured $100 million in U.S. government funding as part of a $2 billion quantum investment package.
Key PointsRigetti just launched its most powerful quantum system yet (the 108-qubit Cepheus-1-108Q) and secured $100 million in U.S. government funding as part of a $2 billion quantum investment package.
Samuel Beckett’s absurdist masterpiece, Waiting for Godot, tells the story of two friends who gather next to a barren tree, hoping to meet a man who never actually arrives. Stock markets seem to be having a similar experience over the past few weeks, as reports of an imminent truce agreement between the U.S. and Iran are dangled before them, only to fail to materialize as the two sides exchange fi...
Samuel Beckett’s absurdist masterpiece, Waiting for Godot, tells the story of two friends who gather next to a barren tree, hoping to meet a man who never actually arrives. Stock markets seem to be having a similar experience over the past few weeks, as reports of an imminent truce agreement between the U.S. and Iran are dangled before them, only to fail to materialize as the two sides exchange fire, argue over text and debate the future of Tehran’s nuclear ambitions. “And in the absence of a definite statement from Iran there is a tendency to downplay comments from the U.S. administration.”
The riskiest corners of the tech sector are outperforming their larger peers at the fastest pace in nearly six years. Now, many on Wall Street are sounding a warning to investors holding those stocks: Get out while you can. A Goldman Sachs basket of profitless technology companies climbed 27% in May, beating the Nasdaq 100 Index by 17 percentage points for its strongest outperformance since Novemb...
The riskiest corners of the tech sector are outperforming their larger peers at the fastest pace in nearly six years. Now, many on Wall Street are sounding a warning to investors holding those stocks: Get out while you can. A Goldman Sachs basket of profitless technology companies climbed 27% in May, beating the Nasdaq 100 Index by 17 percentage points for its strongest outperformance since November 2020. The group is up 57% so far this year compared with an 11% gain in the S&P 500 Index. After such a sharp run, investors are wise to be “wary of the spiciest parts of tech given the potential for yields to remain elevated,” according the JPMorgan Market Intelligence desk led by Andrew Tyler . Tyler advocated shifting toward quality names within the sector, especially as bond yields have climbed, which can weigh on small and money-losing companies the most. The profitless basket includes a wide range of space and satellite-related names like NextNav Inc ., smaller AI companies including BigBear.ai Holdings Inc. , and drone makers like Unusual Machines Inc. , which more than doubled in May. He added that share-buyback activities by larger, more profitable tech stocks “support a move toward quality.” There’s a very clear overlap in the market forces driving the gains in both Goldman Sachs’ non-profitable tech basket and the bank’s retail favorite basket, as Mark Hackett , chief market strategist at Nationwide, pointed out. He described the move as both retail and institutional investors saying: “Give me the most levered exposure you can give me when the market is going up.” Indeed, the Goldman Sachs non-profitable tech basket and the retail favorites basket have risen almost in tandem since the beginning of April. “We’d be cautious about interpreting recent gains as a signal on the long-term attractiveness of a profitless technology business — there will be winners and losers, and it can be very difficult to distinguish between the two,” said Kieran Osborne , senior por...
SpaceX is set to make its public market debut in June and is likely to be the largest initial public offering (IPO) on record. As the company gears up to go public, investors are beginning to pay more attention to space stocks , and for good reason. According to McKinsey, the global space economy could reach $1.8 trillion by 2035. Space is becoming an increasingly important element of national sec...
SpaceX is set to make its public market debut in June and is likely to be the largest initial public offering (IPO) on record. As the company gears up to go public, investors are beginning to pay more attention to space stocks , and for good reason. According to McKinsey, the global space economy could reach $1.8 trillion by 2035. Space is becoming an increasingly important element of national security, and the U.S. is investing heavily in its development, procuring satellites, autonomous systems, spacecraft, sensors, and other key space components. Redwire (NYSE: RDW) is one space company that provides crucial infrastructure and technology to help make this possible. Is the stock a buy ahead of the SpaceX IPO? Redwire operates two distinct segments: a space segment and a defense technology segment. In its space segment, Redwire develops hardware and technology for space infrastructure, including building blocks for spacecraft, like solar panels, robotic arms, and other parts, along with parts that support massive satellite constellations. When NASA's Artemis II mission took flight earlier this year, Redwire's optical imaging and sun sensor technologies were tools utilized on the Orion spacecraft. Continue reading
Vireo Growth (CSE: VREO; OTCQX: VREOF) on Monday said it will consolidate its subordinate voting, multiple voting, and super voting shares on a 30-for-1 basis, effective at the open of trading on June 5. The share consolidation follows shareholder approval granted at the company's annual and special meeting on May 29, which authorized a consolidation ratio between 20-for-1 and 40-for-1, with the f...
Vireo Growth (CSE: VREO; OTCQX: VREOF) on Monday said it will consolidate its subordinate voting, multiple voting, and super voting shares on a 30-for-1 basis, effective at the open of trading on June 5. The share consolidation follows shareholder approval granted at the company's annual and special meeting on May 29, which authorized a consolidation ratio between 20-for-1 and 40-for-1, with the final ratio to be determined by the board. Vireo said the number of outstanding subordinate voting shares will be reduced to about 48.5 million from about 1.46 billion, while outstanding multiple voting shares will be reduced to about 7,749 from 232,490. The company said there are currently no super voting shares outstanding. The company said shareholders' proportional ownership interests and voting power will remain unchanged, except for minor adjustments resulting from the rounding of fractional shares. Vireo's subordinate voting shares will continue trading on the Canadian Securities Exchange under the symbol "VREO" and on the OTCQX under the symbol "VREOF" following the consolidation. The shares will trade under new ISIN and CUSIP numbers. Source: Press Release More on Vireo Growth Vireo Growth Inc. (VREOF) Q1 2026 Earnings Call Transcript Vireo Growth Inc. (VREOF) Q4 2025 Earnings Call Transcript Vireo sees Florida as its “first test case” as it targets New York scale to “over $100 million” Vireo Growth to acquire FLUENT in all-stock transaction Seeking Alpha’s Quant Rating on Vireo Growth
Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) sit on opposite ends of the largest rail deal in U.S. history: a stock-and-cash transaction valued at $320 per share and $85 billion in enterprise value. The Surface Transportation Board (STB) accepted the revised application on May 28, 2026, then paused the review to request more ... Union Pacific vs Norfolk Southern: Which Side of the Me...
Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) sit on opposite ends of the largest rail deal in U.S. history: a stock-and-cash transaction valued at $320 per share and $85 billion in enterprise value. The Surface Transportation Board (STB) accepted the revised application on May 28, 2026, then paused the review to request more ... Union Pacific vs Norfolk Southern: Which Side of the Megamerger Should You Own?