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Galloway drops grim take on SpaceX IPO danger
TheStreet50d agobearish
Galloway drops grim take on SpaceX IPO danger

SpaceX went public on Nasdaq on June 12 with a $75 billion raise and a valuation that eclipsed every initial public offering in history. The stock surged 19% on its first day of trading, closing at $160.95 and briefly trading near a $2.25 trillion intraday valuation before paring gains to finish ...

Bloomberg51d agobearish
Bitcoin Falls to 21-Month Low on Strategy, Rate-Hike Fears

(Bloomberg) -- Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingSupreme Court Backs Birthright Citizenship in Blow to TrumpYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersIran Ratchets Up Talk of Controlling Hormuz Before New TalksBitcoin dro

Caterpillar (CAT) Is Up 8.2% After Russell Top 50 Addition And AI Infrastructure Tailwind - Has The Bull Case Changed?
Simply Wall St.51d agobearish
Caterpillar (CAT) Is Up 8.2% After Russell Top 50 Addition And AI Infrastructure Tailwind - Has The Bull Case Changed?

In late June 2026, Caterpillar Inc. was removed from several Russell value and defensive indexes but was added to the Russell Top 50 Index, reflecting a reclassification toward the largest-cap segment of the U.S. equity market. This index reshuffling comes as Caterpillar benefits from strong fundamentals, tariff refunds and its growing role in AI-related infrastructure and data center power. We'll now examine how Caterpillar's addition to the Russell Top 50, amid tariff refunds and AI-linked...

How Investors May Respond To Unusual Machines (UMAC) Joining Multiple Russell Indices
Simply Wall St.51d agobearish
How Investors May Respond To Unusual Machines (UMAC) Joining Multiple Russell Indices

Unusual Machines, Inc. (NYSEAM: UMAC) was recently added to a broad suite of Russell indices, including the Russell 2000, Russell 2500, Russell 3000, and related growth and small-cap completeness benchmarks, following its June 2026 index reconstitution. This sweeping inclusion across multiple Russell benchmarks could meaningfully increase Unusual Machines’ visibility with institutional investors and index-tracking funds that benchmark against these indices. Next, we’ll assess how Unusual...

Bristol Myers Squibb (BMY) Moves From Russell Growth Indexes To Value And Defensive
Simply Wall St.51d agobearish
Bristol Myers Squibb (BMY) Moves From Russell Growth Indexes To Value And Defensive

Bristol-Myers Squibb (NYSE:BMY) has been added to the Russell 1000 Value Defensive and Russell 1000 Defensive Indexes. At the same time, the company has been removed from several growth-focused Russell benchmarks. This reclassification marks a shift in how major indexes group Bristol-Myers Squibb within the market. Bristol-Myers Squibb, a large US-based pharmaceutical company, now sits firmly in the value and defensive camp within the Russell index family. For investors who follow NYSE:BMY,...

Lemonade (LMND) Expands Renters Insurance To Mississippi And Renews Reinsurance Program
Simply Wall St.51d agobearish
Lemonade (LMND) Expands Renters Insurance To Mississippi And Renews Reinsurance Program

Lemonade expanded its renters insurance offering to Mississippi, bringing its digital policies to a new US state. The company renewed its reinsurance program, adjusting coverage for high volatility risks and capital efficiency. These moves are intended to support Lemonade's growth in customers and refine its approach to risk management. Lemonade (NYSE:LMND) is adding another state to its renters insurance footprint with the launch in Mississippi, extending access to its app based coverage...

Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports
Reuters51d agobearish
Microsoft to cut under 2.5% of workforce in latest layoffs, Business Insider reports

Microsoft is planning to cut under 2.5% of its workforce in the latest round of layoffs ‌that could be announced as early as next week, Business ‌Insider reported on Tuesday, citing sources. • The layoffs ⁠will impact thousands of roles, including sales and consulting, as well as jobs at the Xbox gaming division, ⁠the Business Insider report said. • Microsoft declined to comment on the report.

Chipmaker's biggest-ever deal triggers brutal sell-off
TheStreet51d agobearish
Chipmaker's biggest-ever deal triggers brutal sell-off

ON Semiconductor Corporation (ON) just made the biggest bet in its corporate history. On Thursday, June 25, the Scottsdale-based chipmaker announced a $7 billion all-stock agreement to acquire Synaptics Incorporated (SYNA). This is the company's biggest transaction to date. CEO Hassane ...

Does LightPath Technologies' (LPTH) Russell Index Debut Quietly Reframe Its Small‑Cap Investment Narrative?
Simply Wall St.51d agobearish
Does LightPath Technologies' (LPTH) Russell Index Debut Quietly Reframe Its Small‑Cap Investment Narrative?

In late June 2026, LightPath Technologies, Inc. (NasdaqCM: LPTH) was added to multiple Russell indexes, including the Russell 2000, Russell 2500 and Russell 3000 families, as well as several associated growth and small‑cap benchmarks. This broad index inclusion can increase LightPath’s visibility with institutional investors and index-tracking funds, potentially influencing trading activity and liquidity in the stock. We’ll now examine how LightPath’s broad inclusion across the Russell index...

Uber changes key rule for drivers amid rider safety lawsuits
TheStreet51d agobearish
Uber changes key rule for drivers amid rider safety lawsuits

Uber’s business depends on a simple but fragile exchange of trust. A customer opens an app, confirms a name and license plate, and gets into a stranger’s car. This routine has become normal for millions of riders heading to airports, restaurants, offices, hotels, concerts, and home after nights ...

Circle stock tumbles as a rival stablecoin enters market
TheStreet51d agobearish
Circle stock tumbles as a rival stablecoin enters market

There is a new stablecoin in town, and an old player's stock is facing the heat. A stablecoin is an integral part of the DeFi infrastructure. It is a cryptocurrency designed to hold a steady value by pegging to an asset like the dollar, typically backed by reserves such as cash and ...