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Cathie Wood, chief of Ark Investment Management, has built a reputation for backing disruptive tech companies. Yet Wood recently reduced one of her highest-conviction investments, Tesla, after the stock fell roughly 6.23% over the past month and is down more than 9% year to date. In 2025, the flagship Ark Innovation ETF gained 35.49%, far […]

A decline in U.S. wholesale shipments of mattresses in the first quarter of 2026, falling 8% in units and 3.8% in dollar value, according to the International Sleep Products Association, has impacted the mattress market, as well as the fashion bedding sector, or soft goods industry. “While underlying demand remains constrained, pricing and product mix

Oil’s war premium just got served a big haymaker on June 12, following reports that U.S. and Iranian officials had agreed on a peace-deal text, according to The Washington Post. Naturally, that raised hopes that the Strait of Hormuz could reopen, a major artery for global oil supplies.  Traders expected the Iran conflict to keep

For months, one of Wall Street’s most closely watched chip analysts held a skeptical line on AMD while the stock rode the broader AI rally. On June 12, that changed. Citi analyst Atif Malik upgraded AMD to Buy from Neutral and raised his price target to $575 from $460, and shares jumped 4.73% the same

Venture capitalist Steve Westly says SpaceX is “three moonshots in one company” and the math only works if most of them pay off. On June 12, SpaceX (SPCX) just pulled off the biggest initial public offering in stock market history.  The company raised $75 billion, priced shares at $135 each, and debuted on the Nasdaq

Another week, another Ford recall to add to its industry-leading count so far in 2026. While Ford’s recall pace isn’t as bad as it was last year, when it broke GM’s all-time recall record for the year in just the first six months, the company has 44 recalls so far this year, according to the

Despite pumping significant resources into developing Labadee into a private port stop and resort, cruise line giant Royal Caribbean has not stopped in the port along Haiti’s northern coast since 2024. While Labadee is essentially a gated community that is located 100 miles away from the capital of Port-au-Prince and only accessible by ship or

On June 12, SpaceX turned one of Wall Street’s hottest listings into a full-blown market event. Investors were bracing for a choppy debut, given its enormous valuation, heavy Musk premium, and questions about whether a rocket-and-satellite company could justify AI-stock-style pricing. Instead, SpaceX’s IPO landed with force, raising $75 billion and jumping almost 20% in

When Rite Aid, a major pharmacy retailer, filed for Chapter 11 bankruptcy a second time in 2025, it led to the shuttering of its 1,250 locations. Over time, many were sold to competitors like CVS and Walgreens, and some spaces were taken up by retailers such as Kroger and Albertsons.  But some of these large

At 5:21 p.m. ET on June 12, Anthropic received a letter from the US government that the company says forced it to do something no major AI lab has done before. Within hours, Claude’s landing page showed that one of its newest and most capable models was simply unavailable. The order came from the Commerce