Articles by Daniel Marsh
Dow Dips as Inflation Data and Iran Tensions Chill Rally
The Dow fell 110 points Thursday as April PCE inflation data and renewed U.S.-Iran tensions pressured energy stocks and raised rate concerns.
UMAC Surges on Pentagon Drone Funding Report, Profitability Concerns Linger
Unusual Machines shares jumped up to 52% on reports the Trump administration is in talks to fund U.S. drone makers, but the company's operating losses and rising inventory raise concerns.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
Fertitta's $17.6B Caesars Buyout Gets Board Nod, Stock Lags Offer
Fertitta Entertainment buys Caesars for $17.6B ($31/share). CZR stock up 1.6% to $29.25, below offer. Go-shop until July 11 for higher bids.
Keel Infrastructure Stock Dips in Premarket After AI Rally
Keel Infrastructure shares slipped 1.82% in premarket trading Thursday, following a 7.31% gain Wednesday, as the company pivots from Bitcoin mining to AI data centers.
Opendoor Technologies Joins Russell 3000 Index, CEO Increases Stake
Opendoor Technologies (OPEN) shares jumped 6% premarket after the company announced its inclusion in the Russell 3000 Index, effective June 26. CEO Kaz Nejatian purchased 100,000 shares, increasing his stake to 83.58 million.
Azul to Relist on NYSE American; Veris Departs After Buyout
Azul S.A. will list its ADS on NYSE American on June 1 under AZUL, just months after exiting Chapter 11. Meanwhile, Veris Residential has been delisted after its $3.5B buyout.
Pentagon Drone Budget Surge Lifts Unusual Machines, Defense Tech Stocks
Unusual Machines stock jumped 39% premarket after the WSJ reported the Trump administration is in talks to fund US drone companies, as the Pentagon's 2027 budget proposes $74 billion for drone tech.
June Social Security Payout Schedule: Key Dates for Retirees
SSI payments go out June 1, followed by Social Security checks on June 10, 17, or 24 based on birth date. The 2026 COLA boost of 2.8% is included.
T1 Energy Shares Dip After Trina Solar Unloads 22.5M Stake
T1 Energy shares slid 3.9% in premarket trading after Trina Solar disclosed selling 22.5 million shares, cutting its stake to 11%. The stock had closed at a 52-week high of $11.28.
IREN Stock Dips Premarket After $1.6B Dell Deal for AI Hardware
IREN shares dropped 3.6% in premarket after surging 13.48% on a $1.6 billion Dell deal for Nvidia Blackwell systems to support a $3.4 billion AI cloud contract.