Celcuity Upsizes Convertible Note Offering to $480 Million, Boosting US Biotech Funding
Celcuity Inc. announced the pricing of an upsized $480 million convertible senior note offering, up from the originally planned $400 million. The proceeds, estimated at $484.3 million, will be used to repay debt, fund general corporate purposes and pursue acquisitions. The deal underscores robust capital‑raising activity in the U.S. biotech sector.
Rivian Shares Jump 5.6% on Surge of R2 SUV Orders
Rivian Automotive’s shares climbed 5.6% to $18.27 after the company reported robust demand for its upcoming R2 SUV, with order invitations set for June 9. The rally reflects investor confidence in the R2’s competitive efficiency, new licensing prospects, and strategic partnerships.
Applied Aerospace & Defense Secures $650 M IPO at $20 per Share
Applied Aerospace & Defense, Inc. priced its initial public offering of 32.5 million shares at $20 each, projecting roughly $650 million in gross proceeds. The deal includes a 30‑day underwriter option for an additional 4.875 million shares and is slated to begin trading...
Cove Kaz Capital Launches Kazakhstan Tungsten Mine as War‑driven Shortages Hit Global Supply
Cove Kaz Capital announced plans for a large‑scale tungsten mine in Kazakhstan to offset a supply shock caused by the Ukraine and Iran conflicts. With China controlling up to 80% of global output and recent export curbs, the project targets...
EIB, UN GCF Team to Spur Private Finance for Climate
The United Nations Green Climate Fund is investing €200 million ($233 million) in the European Investment Bank’s Global Green Bond Initiative to catalyze private climate finance for developing nations. The initiative, managed by asset manager Amundi, targets a €3 billion fund that could...
AARP Says 50‑Plus Americans Power $12.5 Trillion Economy Yet Face Growing Financial Stress
AARP’s Longevity Economy Outlook shows adults 50 and older generate $12.5 trillion a year, up more than $2 trillion since 2018. At the same time, rising living costs and modest Social Security benefits leave a sizable share of this cohort feeling financially...
Skyriss Unveils 2026 Guide to Choosing Regulated Forex and CFD Brokers
Skyriss has launched a 2026 educational checklist that walks traders through the key questions for selecting a regulated forex or CFD broker. The guide stresses regulatory transparency, platform access, cost structures and risk controls, aiming to raise standards in a...
Iranian Drone Strikes Kuwait Airport, Killing One and Halting Flights
An Iranian Shahed‑136 loitering munition hit Terminal 1 of Kuwait International Airport on June 4, 2026, killing an Indian citizen and injuring more than 60 people. Kuwait expelled two Iranian diplomats and lodged a formal protest, while U.S. Central Command blamed Tehran...
Dutch Supreme Court Rejects Heineken Appeal, Raising Greek Damages Risk
The Dutch Supreme Court has dismissed Heineken's last appeal over a Greek damages lawsuit, shifting the dispute to the Amsterdam District Court. The ruling spotlights a possible financial hit for the brewer and fuels broader concerns about litigation risk across...
RBI Rejects $12 Billion Gold Sale Rumor, Confirms 880.5 Tonnes Remain Intact
The Reserve Bank of India (RBI) publicly denied media reports that it sold roughly $12 billion worth of gold to shore up foreign‑exchange reserves. Official data show the physical stock unchanged at 880.52 tonnes, while the share of gold in reserves rose...
Fed's New Chair Warsh Signals Policy Shift as 10‑Year Treasury Yields Edge Higher
Kevin Warsh, the Federal Reserve’s new chair, warned that future policy could adapt to unprecedented external shocks. At the same time, 10‑year Treasury yields rose four basis points to 4.48% as oil prices surged on Middle‑East hostilities, underscoring volatility in...
Meta Scales Back Employee Activity‑Tracking Program After Staff Pushback
Meta Platforms Inc. announced it will soften the Model Capability Initiative, allowing employees to pause or opt out of computer‑activity monitoring after more than 1,500 staff signed a petition. The change follows internal backlash over concerns about privacy, battery life...
Analyst Pits Salesforce Against Braze, Highlighting Growth, Margins and Valuation Gaps
An analyst at Fool.com released a side‑by‑side comparison of Salesforce and Braze, noting Salesforce's $41.5 B FY‑2026 revenue with 9.6% growth and Braze's $738.2 M revenue growing 24.4%. The report contrasts profitability, balance‑sheet health and valuation multiples, offering a framework for SaaS...
Here Are Thursday's Biggest Analyst Calls: Nvidia, Apple, Broadcom, Netflix, Oracle, Microsoft, CrowdStrike & More
Wall Street analysts issued a flurry of upgrades, downgrades and price‑target revisions on June 4, 2026, spotlighting AI‑driven growth across technology and industrial firms. Morgan Stanley lifted Broadcom’s target to $502 and kept it overweight, while Mizuho reaffirmed Nvidia as...
Piero Cipollone: Europe's Money Evolves so People's Freedom to Pay Remains
ECB policymaker Piero Cipollone highlighted recent progress on the digital euro, noting that the Single Currency Package is moving through the ECON Committee and awaits a European Parliament position. He stressed that cash remains a core freedom, welcoming legislation that...
US Stock Market Today: Nasdaq, S&P 500 Futures Drop up to 1% Amid Tech Sell-Off; Brent Retreats
U.S. equity futures slipped for a second day as a Broadcom earnings outlook dampened the tech rally, pulling Nasdaq futures more than 1% lower. Broadcom’s shares tumbled 13% after the chipmaker warned AI‑related revenue would miss expectations, sparking declines in...
Stock Market Today: Dow Rises, Nasdaq Falls As Broadcom, CrowdStrike Plunge On Earnings News (Live Coverage)
The Dow Jones jumped 1.4% to a new record, outpacing the S&P 500 and a modestly lower Nasdaq as investors digested mixed tech earnings. Chipmaker Broadcom plunged 15% after beating forecasts but issuing a cautious outlook, while cybersecurity leader CrowdStrike fell...
Gold Price Momentum Increases Amid Geopolitical Headwinds
Metals Focus forecasts gold to close 2026 at a record $4,920 per ounce, a 43% jump from the prior year. Physical demand for coins and bars is set to eclipse jewellery, while overall demand dips 2.3% amid central‑bank purchase declines....
New Listings Fall 1.3%, One of the Biggest Weekly Declines of 2026
New listings of U.S. homes dropped 1.3% week over week, marking one of the sharpest declines of 2026. The weekly average mortgage rate climbed to 6.53%, the highest level since August, while the typical sale price rose 2.3% year‑over‑year to...
The Downside of 100% Bonus Depreciation: What Advisors Need to Know
The One Big Beautiful Bill Act restores 100% bonus depreciation for qualifying real‑estate assets placed after Jan 19 2025, allowing a full first‑year write‑off of cost‑segregated components. While the immediate tax shield can be substantial—turning a $300,000 study into a $300,000 deduction—it...
ETFs Surge with $200B Monthly Inflows, Three Amigos Lead
ETFs are back to taking an impossible $10b/day in new cash.. $200b over past month. The Three Amigos leading way, which as bullish as it gets (VOO = retail, SPY = trading/inst, IVV = both) w/ $QQQ 5th & $QQQM...
All Signs Bullish? Narrative Ignores Reality
🩸How do you separate reality from narrative? The Narrative: 💠SPR fill = bullish 💠SPR withdrawal = also bullish ⚡️SPR going up = bullish ...
Oklahoma Turnpike Authority Eyes $1.5 Billion of Bonds for Capital Program
The Oklahoma Turnpike Authority (OTA) has received board approval to issue $1.5 billion of revenue bonds for the ACCESS program, the third financing round supporting an $8.2 billion toll‑road expansion. The bond package, which may be priced in one or multiple deals,...
LVHI: A Year Later, Still Cheap And Still Relevant
Franklin International Low Volatility High Dividend Index ETF (LVHI) remains a Buy after being downgraded from Strong Buy. Over the past year the fund outperformed the S&P 500 on a risk‑adjusted basis while delivering a 4‑5% yield and lower drawdowns. Its...
CABA Offers Another Roll Down the Curve
CABA Capital has launched Flex 4, the fourth three‑year closed‑ended AAA‑yield premium fund targeting Scandinavian mortgage covered bonds. The new vintage mirrors the original strategy—long five‑year non‑callable covered bonds, hedged with government securities and swaps—but adds multiple currency share classes (USD,...
3 Thrivent Mutual Funds Worth Considering for Long-Term Growth
Thrivent offers more than 20 actively managed, no‑load mutual funds, and three stand out for long‑term investors. The Thrivent Small Cap Stock (AASMX) and Thrivent Income (LBIIX) both carry a Zacks Rank #1, while the Thrivent Global Stock (AALGX) holds...
Broadcom Stumbles
The episode reviews Broadcom’s rare earnings miss, noting that despite solid results the market demanded flawless guidance, sending the $2 trillion‑valued stock down over 10%. Analysts point to rising competition from NVIDIA and emerging players like Marvell, as well as questions...
The Market Brief
Wall Street’s record‑setting rally has stalled, putting the S&P 500’s nine‑week winning streak at risk as renewed US‑Iran hostilities push oil higher and revive inflation concerns. The index is now powered by a narrow band of mega‑cap growth stocks, with...
Nilesh Shah Recommends 4 Investment Bets that Should Be Part of Your Portfolio
Kotak Mahindra Asset Management MD Nilesh Shah advised investors to add four alternative structures to their portfolios: Special Investment Funds, performing credit AIFs, REITs, and Gift City‑based global products. He argued these vehicles can generate returns independent of equity market...
Since 2022 Just A Handful Of Countries Have Driven All Sovereign Gold Demand
Since the 2008 global financial crisis, sovereign gold holdings have risen sharply, with roughly 85% of the increase occurring between August 2008 and February 2022. A tight group of six nations—Russia, China, Turkey, India, Poland and Kazakhstan—accounted for almost all...
This Medtech Stock Is Trading at a Discount to Peers. BTIG Says It's a Buy
Medtronic (MDT) has been upgraded to Buy by BTIG, which set a $90 price target implying roughly 15% upside. The company trades at about 13 × forward earnings, well below the peer average of 16.6 ×, highlighting a valuation discount. Recent FDA...
Softer Oil, Softer Greenback
A tentative cease‑fire between Israel and Lebanon, which notably excludes Hezbollah, has raised cautious optimism for broader regional de‑escalation and may influence US‑Iran diplomatic overtures. Oil markets remain steady, with July WTI hovering around $95 per barrel, reflecting limited demand...
India's Premium Home Sales Surge as Infrastructure Corridors Drive Demand
Developers in India's leading housing markets are pivoting toward infrastructure‑linked corridors, pushing premium homes priced above ₹1 crore (≈ $120,000) to account for 63% of sales in 2025, up from 53% in 2024. Analysts say the shift reflects buyers betting on long‑term...
Navitas Semiconductor Jumps 23% as Nvidia Partnership and Strong Earnings Boost AI Power‑Chip Play
Navitas Semiconductor Corp. saw its Nasdaq‑listed shares climb 23% to $31.6 on Wednesday after unveiling a new 800 V‑to‑6 V power‑delivery board and reporting first‑quarter revenue that beat estimates. The rally was amplified by a high‑visibility collaboration with Nvidia’s MGX ecosystem, positioning...
S&P 500 Now Holds Over Ten $1‑Trillion Stocks, Expanding Elite Large‑Cap Cohort
The S&P 500 has crossed the ten‑company threshold for $1 trillion market‑cap stocks, adding new entrants and cementing the dominance of AI‑driven firms and diversified conglomerates. Analysts warn the expanding elite could reshape index weighting and risk profiles for investors.
Caldwell Investment Management Takes $7.7 Million Stake in Sprott, Betting on Precious Metals Rally
Caldwell Investment Management initiated a $7.67 million position in Sprott, buying 57,300 shares that now represent about 3% of its reportable assets. The move underscores a broader hedge‑fund pivot toward precious‑metal exposure as central banks boost gold reserves and geopolitical risk...
Piyush Goyal Says India to Remain World's Fastest-Growing Economy for Next Two Decades
Union Commerce and Industry Minister Piyush Goyal told the Citi India Conference that India will stay the world’s fastest‑growing economy for the next two decades. He highlighted the country’s ability to turn crises into investment opportunities and cited strong interest...
ASML Tops Euro Stocks with $668 Bn Market Value, Overtaking Novo Nordisk
ASML's shares rallied on Wednesday, pushing its market capitalisation to $668 bn and dethroning Novo Nordisk as Europe’s most valuable company. The Dutch lithography giant’s surge reflects soaring demand for AI‑related chips, while analysts say further upside remains possible.
Broadcom Q2 FY26 Revenue Beats Forecast, EPS Miss Fuels AI Revenue Debate
Broadcom reported $22.2 billion in Q2 FY26 revenue, a 48% year‑on‑year jump driven by AI semiconductors, yet earnings per share fell short of analysts' whisper forecasts. The mixed results triggered a sell‑off in Asian and European tech stocks as investors weighed...
RBI Poised to Hold Repo Rate at 5.25% as Oil Shock Fuels Inflation Debate
The Reserve Bank of India's Monetary Policy Committee is expected to keep the repo rate unchanged at 5.25% on June 5, despite a fresh supply shock from higher oil prices and a weakening rupee. Analysts warn that inflation expectations could rise,...
Market Wrap: Sensex Closes Flat, Nifty Holds 23,400; Titan, Eternal Lead Gains
India’s major indices closed largely unchanged on June 4, 2026, with the Sensex edging up 14 points to 74,360 and the Nifty 50 gaining 11 points to 23,417. Gains were led by Titan (+4%) and Eternal (+3%), while the India VIX slipped...
Middle East Tensions Lift U.S. 10‑Year Treasury Yield to 4.49%
U.S. Treasury yields jumped as renewed Iran‑U.S. hostilities sent investors fleeing to safety. The 10‑year Treasury rate rose to 4.49%, its highest level since the conflict began, underscoring how geopolitical risk is reshaping bond markets.
Trump Administration Proposes 12.5% Tariffs on 60 Nations Amid Forced‑Labor Review
The U.S. Trade Representative unveiled a plan to levy a 12.5% duty on goods from 60 trading partners after a forced‑labour investigation. The move comes as the Trump administration pushes the proposal forward, even as the United States and India...
Ukrainian Drones Hit St. Petersburg Oil Terminal Ahead of Putin's Economic Forum
Ukraine launched long‑range drones that struck a key oil terminal on the Gulf of Finland, igniting fuel stores and forcing the temporary closure of St. Petersburg’s airport. President Volodymyr Zelenskyy called the attack a “fair” response to Russian strikes and...
Asian Shares Slip as US Rally Pauses and Oil Prices Retreat
Asian equities fell Thursday after a nine‑day winning streak for the S&P 500 ended and oil prices eased. Japan's Nikkei dropped 1.9%, Hong Kong's Hang Seng slipped 1.3%, and SoftBank Group tumbled over 10%, highlighting the link between US market momentum,...
Archer Aviation Shares Surge 18.6% as eVTOL Certification Nears
Archer Aviation’s shares climbed 18.6% in May after the company reported progress toward FAA certification for its Midnight eVTOL and disclosed a $1.8 billion liquidity cushion. The move highlights growing investor confidence in the firm’s path to commercial flights and defense...
Chart Alert: Dow Jones (DJIA) Under Pressure, Medium-Term Uptrend at Risk
The Dow Jones Industrial Average slipped 1.21% on June 3, 2026, closing at 50,692 after breaching a minor ascending‑channel support level. The pullback follows a broader medium‑term uptrend that began on March 30, 2026, during which the DJIA lagged the S&P 500, Russell 2000...
Sensex Ends Choppy Trade Flat Ahead of RBI Policy Meet: 10 Key Highlights From Indian Stock Market Today
The BSE Sensex edged up 14 points to finish at 74,360, while the Nifty 50 rose 11 points to 23,417 on June 4, 2026. Trading was choppy and range‑bound as investors awaited the Reserve Bank of India’s policy meeting amid heightened US‑Iran...
HPE Posts Record $10.7B Quarter on AI Server Boom, Shares Jump Over 20%
Hewlett Packard Enterprise announced fiscal Q2 revenue of $10.7 billion, up 40% year‑over‑year, as AI‑optimized servers and networking gear fueled a surge in sales. The results sent HPE stock soaring more than 20% and prompted the company to lift its full‑year...
Citi Initiates Coverage on 4 Indian Power Equipment Stocks; Sees up to 33% Upside. Own Any?
Citi Research has launched coverage on four Indian power‑equipment companies, highlighting a massive domestic transmission build‑out and accelerating HVDC adoption. It issued Buy ratings for Hitachi Energy India, GE Vernova T&D India and CG Power, while assigning a Neutral stance...