Billionaire investor Bill Ackman has been busy putting billions of dollars to work after completing one of the biggest milestones in the history of Pershing Square. In its second-quarter update, Pershing Square highlighted the $5 billion initial public offering of PSUS, the New York Stock Exchange listing of Pershing Square USA, Ltd. (PSUS), and the
No day is a dull one when talking about SanDisk (SNDK). We have had lots of interesting positive angles before. On Thursday, Aug. 13, SanDisk gave investors something bigger than a quarterly beat or an analyst upgrade. It gave them a long-term financial model. And of course, the market had to react, responding with a 13.67%
Every gold rush produces two kinds of fortunes. There are the people who find the gold, and there are the people who sell them the shovels. History remembers the first group and quietly enriches the second. The artificial intelligence (AI) buildout has followed that script almost to the letter. Investors who missed Nvidia (NVDA) crowded
Target (TGT) has spent the past year trying to convince shoppers and investors that its turnaround is real. On Tuesday, it made a move to prove it. The retailer named its first-ever chief artificial intelligence officer, pulling a senior executive away from a direct rival to run the job. It also promoted a second leader
Sunrise Energy Metals (SRL) is a small Australian miner most investors have never heard of, until recently. The company just secured a conditional $400 million loan commitment from the U.S. Department of Defense (also branded the Department of War), and its stock responded with one of the sharpest single-day moves on the Australian market this
Sony and TSMC are back in Kumamoto, this time as partners rather than neighbors, discussing a $6.4 billion image sensor plant on the same ground where Japan already spent billions rebuilding its chip industry. Five years ago, Tokyo lured TSMC to the prefecture with unprecedented state subsidies. Now Sony is the one asking Japan’s government
Burger King is back in second place. The chain has passed Wendy’s to become the second-largest US burger brand by systemwide sales, a spot it lost six years ago. McDonald’s still holds first place by a wide margin. The change showed up in the latest earnings from parent company Restaurant Brands International (QSR), and it
The ‘Magnificent Seven’ stocks spent years convincing investors that their tremendous AI spending would translate into sustainable growth, powerful cash flows, and fatter valuations. That assumption is now up against a major test. Wall Street has largely treated hyperscaler spending as a powerful long-term growth engine, but Bank of America strategist Michael Hartnett just flagged
CVS Health (CVS) is targeting the earliest point in a customer’s weight-loss drug decision: the first consultation. On Aug. 5, the company dropped the cash price of a MinuteClinic online weight-loss visit to $29, with no membership and no monthly fee. That is the lowest sticker price in the retail telehealth market for a GLP-1
Robinhood is one of those stocks that inspires strong opinions in both directions. The retail trading crowd loves it. Institutional investors have historically been suspicious of it. Critics have called it a glorified gambling app. Supporters also argue that it is democratizing finance in ways traditional brokerages never attempted. Jim Cramer landed on the bulls’