U.S. crude oil briefly dips below $70 as tankers transit Strait of Hormuz
Oil prices fell about 4% Wednesday as tankers continued to transit the Strait of Hormuz, raising hopes that the worst of the Middle East supply disruption is over.
City & Markets
New meme stock Wendy's soars more than 25% with trading halted at one point
Wendy's shares surged on Wednesday, fueled by a burst of retail investor enthusiasm that appears disconnected from the fast-food chain's latest executive appointment.
Energy secretary says U.S. has ended Iran's ability to close Strait of Hormuz
U.S. military escorts of commercial ships have ended Iran's ability to close the Strait of Hormuz in the future, Energy Secretary Chris Wright said Wednesday.
Toyota gains on General Motors in new U.S. sales forecast: 'GM may be looking over their shoulder'
DETROIT – Toyota Motor is notably gaining on America's largest automaker, General Motors, in U.S. sales as hybrids get more popular and all-electric vehicles sputter.
Micron earnings are set to send the market on a wild ride — and a new ETF may add to the volatility
A new ETF seeking to leverage Micron's volatility has emerged – right in the nick of time
Federal student loans have a new interest rate discount — here's who qualifies
The Trump administration is offering federal student loan borrowers a deeper-than-usual discount on their interest rates if they sign up for automatic payments soon — but not everyone will qualify.
Amazon's Zoox unveils redesigned robotaxi ahead of upcoming expansion
Amazon's Zoox unveiled the "next evolution" of its toaster-shaped self-driving vehicle on Wednesday, adding more rider-friendly features ahead of a wider U.S. rollout this year.
Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that
While Treasury Secretary Scott Bessent believes the U.S. economy can achieve 3% growth this year, traders on Kalshi paint a different picture.
Nvidia's Huang calls black market data centers made of smuggled parts a 'dead end'
Nvidia CEO Jensen Huang told shareholders on Wednesday that if a commercial opportunity conflicts with U.S. national security, the company would prioritize American interests.
AI Fears Overshadow Sales Force’s (CRM) Strong Fundamentals
Burke Wealth Management, an investment management company, released its "Focused Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -10…
Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to 3% growth as the Iran war nears conclusion.
Why energy could be a great place to invest even with oil prices retreating — 5 stocks to buy
While the world watches and waits on every word around the Strait of Hormuz, investors are moving on. Mostly. It's 'mostly' because no one is suggesting that the troubles are over and things are back …
T-Mobile US (TMUS) to Employ Nearly 1,000 People by 2027, Reuters Reports
T-Mobile US, Inc. (NASDAQ:TMUS) is one of the top high-conviction stocks to buy according to hedge funds. Reuters reported on June 4 that, according to a statement from an Indian state government, T-…
Keefe Bruyette Upgrades Toll Brothers (TOL) to Outperform – Here’s Why
Toll Brothers, Inc. (NYSE:TOL) is one of the top cheap growth stocks to get rich. Keefe Bruyette upgraded Toll Brothers, Inc. (NYSE:TOL) to Outperform from Market Perform on June 8, adjusting the pric…
Traders are getting worried the chip stock bull market is cracking. How to protect yourself
Options traders were buying a lot of protection on the iShares Semiconductor ETF (SOXX) on Tuesday. Puts traded 1.5x the 20-day average volume, 74,468 contracts. Options markets are echoing what you a…
Banks strike deals in Michigan, Wisconsin
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London’s First Uber (UBER) Robotaxis Expected in Months, Reuters Reports
Uber Technologies, Inc. (NYSE:UBER) is one of the top high-conviction stocks to buy according to hedge funds. Reuters reported on June 8 that Uber Technologies, Inc.'s (NYSE:UBER) users can sign up fo…
Is NVIDIA (NVDA) One of the Top High-Conviction Stocks to Buy According to Hedge Funds?
NVIDIA Corporation (NASDAQ:NVDA) is one of the top high-conviction stocks to buy according to hedge funds. Reuters reported on June 8 that NVIDIA Corporation (NASDAQ:NVDA) announced a series of deals …
JPMorgan Lifts PT on Barclays (BCS) – Here’s Why
Barclays PLC (NYSE:BCS) is one of the top cheap growth stocks to get rich. JPMorgan lifted the price target on Barclays PLC (NYSE:BCS) to 600 GBp from 590 GBp on June 12 and maintained an Overweight r…
Micron Technology (MU) Gains from Insatiable Demand For Computing Power
Burke Wealth Management, an investment management company, released its "Focused Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned -10…
Soybeans Starting Wednesday with Penny Gains
Soybeans are trading with 1 to 2 cent higher trade so far on Wednesday. Futures closed mixed on Tuesday, with front months steady to 1 ½ cents higher and deferreds up 1 to down 1 ¼ cents. Open interes…
Petróleo Brasileiro’s (PBR) Board of Directors Approves FID for RPBC Biorefining Project
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the top cheap growth stocks to get rich. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced on June 19 that its Board of Directors appr…
BMO Capital Cuts PT on Alamos Gold (AGI) – Here’s Why
Alamos Gold Inc. (NYSE:AGI) is one of the top cheap growth stocks to get rich. BMO Capital cut the price target on Alamos Gold Inc. (NYSE:AGI) to C$73 from C$79 on June 19 and maintained an Outperform…
Market jitters have more people hitting pause on investing
Only 1 in 4 Americans think now is a good time to invest, according to a new study from Allianz Life Insurance Company of North America published Tuesday.