Almost every airline around the world has, at this point, cut routes to optimize the use of jet fuel. Some, in turn, have had to cancel so many that they end up shutting me down either temporarily or permanently. In May, Mexican low-cost carrier Magnicharters filed for bankruptcy protection in the First District Court for
Most investors demand a pitch deck, a formal board presentation, and several rounds of due diligence before they agree to write a check. Former “Shark Tank” investor Mark Cuban took a different approach, and it started with a cold email he received in Dallas from a young engineer who wanted to build rockets. Cuban committed
A few months ago, International Business Machines (IBM) looked like collateral damage in the artificial intelligence boom. Investors worried that the very technology powering the AI rally could quietly chip away at the businesses that have funded Big Blue for decades. That worry has faded fast, and one of Wall Street’s loudest tech voices now
The S&P 500 has climbed for nine consecutive weeks, touching fresh all-time highs as artificial intelligence stocks continue to gain. A handful of AI-linked chip stocks have tripled in value since January, and investors are pouring capital into semiconductor names with growing conviction. Goldman Sachs raised its year-end S&P 500 target on May 26, 2026,
A single comment from Nvidia chief executive Jensen Huang added tens of billions of dollars to Marvell Technology’s (MRVL) market value in one trading session. Huang predicted that Marvell would become the next company to reach a $1 trillion valuation. Traders reacted instantly, pushing the stock to its biggest one-day gain on record. CNBC’s Jim
Broadcom (AVGO) has been one of the most rewarding AI stocks in recent months, but its latest earnings report left investors wanting more. The semiconductor and software giant dished out another superb quarterly showing in Q2, extending its impressive streak of posting beats across both lines. Sales jumped sharply year-over-year, while profits continued to grow
The instinct to move to cash when markets get ugly is one of the most natural impulses in investing. It also happens to be one of the most expensive ones, and Wells Fargo just published data to prove it. The numbers behind the warning are more specific than most investors expect. Wells Fargo Investment Institute
For most of last week, oil was sliding down and energy stocks followed in the same direction. Traders had bet a U.S.-Iran deal would calm the region and reopen shipping lanes, so crude price fell lower for days, and Exxon Mobil (XOM) fell with it, closing red for seven straight sessions. Then one headline out
Broadcom reports fiscal second-quarter earnings on June 3. The bar is high. The stock is up 80% over the past year and trades at 37 times forward earnings. One of the most respected semiconductor analysts on Wall Street just looked at all of that and said the company is likely to clear it anyway. His
Most traditional finance companies treat crypto as a side project. They run a pilot, publish a press release, and move on. Mastercard (MA) has spent the past two months doing something harder. First, it spent up to $1.8 billion to buy a stablecoin firm. Then it got licensed to handle digital assets in New York,