Stock Update
Bond king sounds the alarm: “There’s never just one cockroach” in private credit
The sudden collapse of Renovo Home Partners wiped out $150 million in debt, much of it held by BlackRock, exposing how quickly “safe” private loans can turn worthless.
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WeBull launches AI-powered data tool for retail traders
Trading platform WeBull (BULL) announced on Monday a new AI-powered tool for investors that will deliver real-time personalized analysis and insights
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Rivian CEO lands a $4.6B pay deal after Tesla sets a new trillion-dollar bar
After Musk's trillion-dollar deal, Rivian (RIVN) just rolled out a much smaller (but still staggering) deal of its own.
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The layoff surge Wall Street can’t ignore
U.S. job cuts just reached their highest October level since 2003, led by tech and warehousing
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“Consumers are out of money” — America is entering a delinquency crisis
Record debt and soaring delinquencies show U.S. households are reaching their financial limit, even high-credit borrowers aren’t immune
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Archer Aviation has acquired its very own airport in Los Angeles
The news sent its stock plunging nearly 8% on Friday on fears that it will dilute the value of the stock for existing shareholders
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MP Materials’ CEO says US is in a new ‘Cold War’ with China
MP Materials’ (MP) CEO James Litinsky offered a sobering view of the rare earth industry in the company’s third-quarter earnings call
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Charles Schwab acquires Forge Global to open private markets to retail investors
Schwab noted that in addition to Forge’s private market platform, it also brings its own proprietary data
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Nashville housing market provides a glimpse into America’s stagflation problem
In Nashville, home prices are rising even as sales fall off a cliff
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This analyst calls the S&P 500 a ‘video game’ detached from reality
As the U.S. goods economy slides toward recession, one analyst warns the stock market’s record highs are built on leverage and illusion
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Joby Aviation will soon begin launching commuter flights out of Manhattan
Joby Aviation (JOBY) said on Thursday that it is set to launch a pilot program offering commuter flights from Manhattan to Westchester County in New York
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Sam Altman: ‘Governments should not pick winners or losers’ in AI race
Altman says government can help secure chip supply, though
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SpaceX turns up the heat on AST SpaceMobile
EchoStar said on Thursday that it has amended its deal with SpaceX to sell the company another $2.6 billion worth of AW-3 licenses
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The illusion of diversification: When seven stocks rule the market
A widening profit gap shows just how dependent the market has become on Big Tech.
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CrowdStrike partners with CoreWeave on AI cloud security foundation
CrowdStrike (CRWD) stock is gaining momentum as it partners with CoreWeave to build a cutting-edge AI cloud security foundation for the agentic and AGI era.
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Perplexity accuses Amazon of ‘bullying’ after e-commerce giant sends cease-and-desist letter
Perplexity accuses Amazon (AMZN) of corporate bullying after receiving a cease-and-desist over its AI shopping bot, escalating tensions around generative AI and e-commerce.
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Dan Ives: Bears are ‘underestimating scale and scope’ of the AI revolution
Dan Ives defends soaring AI stock valuations, arguing bears underestimate the scale of the AI revolution as companies like Nvidia (NVDA) reshape the tech landscape.
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How the Fed’s “transitory” call left U.S. banks nursing $700 billion in hidden losses
After misjudging inflation and piling into long-term Treasuries, U.S. banks are still sitting on hundreds of billions in paper losses
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The government shutdown is grounding America at the worst possible time of year
The government shutdown has forced thousands of air traffic controllers and TSA officers to work without pay, leading to widespread travel delays and cancellations ahead of the holidays
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Bill Ackman’s bet on Hertz might be paying off as it posts first profit in two years
Hertz's earnings per share (EPS) of 12 cents beat analysts’ consensus by five cents
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