Pavlo Gonchar | SOPA Images | APPeter Thiel-backed cryptocurrency exchange Bullish raised the size of its initial public offering.Bullish is aiming to raise $990 million, offering 30 million shares priced between $32 and $33 apiece, and targeting a valuation of $4.8 billion, according to a Monday filing with the Securities and Exchange Commission.The company, led by former New York Stock Exchange president Tom Farley, had previously marketed 20.3 million shares at a proposed range between $28 and $31 a share and sought a $4.2 billion valuation, per a filing last week.Bullish granted its underwriters, led by JPMorgan, Jefferies and Citigroup, a…
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An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty ImagesPresident Donald Trump said Monday that gold will not face tariffs, knocking down a ruling by U.S. customs officials that bars of the precious metal imported from Switzerland would face duties. “Gold will not be Tariffed!,” Trump said in a Truth Social post. Gold futures closed 2.48% lower at $3,404.70 per ounce after the announcement. The precious metal hit a record high Friday, after U.S. Customs and Border Protection ruled that 1 kilogram…
Walmart Inc. (WMT) added more than 5% last week, landing back on the radar of technical analysts as it filled its gap from February. The rally reflects not only positive short-term momentum, evident in the daily MACD, but also a positive intermediate-term momentum shift. The weekly MACD has a bullish crossover suggesting the rally may have staying power. WMT is regaining momentum relative to the S & P 500 Index (SPX) after having underperformed the broader equity market since the April low. The ratio of WMT to the SPX has reclaimed its 200-day moving average in a reversal of the…
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesPresident Donald Trump on Monday said that he initially asked Nvidia for a 20% cut of the chipmaker’s sales to China, but the number came down to 15% after CEO Jensen Huang negotiated with him.The comments came after news broke over the weekend that Nvidia agreed to pay the federal government a 15% cut in return for receiving export control licenses that will…
Check out the companies making the biggest moves midday: E.l.f. Beauty — Morgan Stanley upgraded the beauty brand to overweight from equal-weight, prompting the stock to pop more than 9%. The bank said the consensus earnings estimate for Elf is “way too low,” seeing catalysts from product pricing and acquisition contribution of Rhode. Owens & Minor — The health care logistics company plunged 32% after management said on its second-quarter earnings call that stranded costs will continue to rise, and that it will focus on reducing such costs to improve profits, according to StreetAccount. Results will eventually be helped by…
Freeport-McMoRan might be positioned for meaningful gains thanks to President Donald Trump’s copper tariffs, according to Morgan Stanley. The bank upgraded the mining stock to overweight from equal weight but cut its price target to $48 from $54. That updated target implies more than 14% upside from Friday’s close. In late July, Trump signed an order that imposed a universal 50% tariff on copper imports , a move that should benefit Freeport-McMoRan, analyst Carlos De Alba said. That’s because most of the company’s North American sales are copper rod, and the U.S. is a net importer of that metal, he…
A general view of the exterior of the U.S. Steel Clairton Coke Plant, on March 20, 2024 in Clairton, Pennsylvania. Jeff Swensen | Getty ImagesAn explosion occurred Monday at a steel factory in the Pittsburgh area, authorities said.A spokesperson for Allegheny County said a rescue operation was underway at U.S. Steel Clairton Coke Works in Clairton, Pennsylvania, for people trapped under the rubble.”The Health Department is on site monitoring air quality,” the spokesperson said in a statement.The University of Pittsburgh Medical Center Mercy Hospital said it was treating two patients.Gov. Josh Shapiro said his administration is in touch with local officials.”The…
California Gov. Gavin Newsom speaks during a news conference with Texas lawmakers at the Governor’s Mansion on July 25, 2025 in Sacramento, California. Justin Sullivan | Getty Images News | Getty ImagesCalifornia Gov. Gavin Newsom warned President Donald Trump on Monday that he will push to redraw his state’s congressional district maps if Trump does not call on Texas and other Republican-led states to end efforts to redraw their own districts.”You are playing with fire, risking the destabilization of our democracy, while knowing that California can neutralize any gains you hope to make,” the Democrat Newsom wrote in a letter…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — I’ll start with a chart that caught my eye showing two of the seven semiconductor companies on our Best Stocks in the Market list essentially being one big trade. You can see that Nvidia and Broadcom basically have an identical chart. These stocks are being walked up into their coming earnings reports, with NVDA posting on Aug. 27 and AVGO due out Sept. 4. Here’s year-to-date percentage gains. There’s very little daylight between how these stocks…
Could Stitch Fix be on the path to a comeback? The clothing subscription service, one of the many pandemic winners that’s struggled to find itself in a post-lockdown world, is back to growth and seeing some early wins from a turnaround strategy that’s just over two years in the making. Under CEO Matt Baer, a former Walmart and Macy’s executive who was tapped to helm the business in June 2023, Stitch Fix posted its first revenue growth in 12 straight quarters for the three months ended May 3. It’s now forecasting its second consecutive quarter of top-line growth. While the apparel company’s customer…
