Articles by Daniel Marsh
Erie Insurance Advances to 308th on Fortune 500 as Revenue Bar Rises
Erie Insurance climbed 15 spots to No. 308 on the 2026 Fortune 500, exceeding a higher revenue threshold, while AM Best flags margin pressure and catastrophe risk for P&C insurers.
Commodities Rally on WASDE Hopes; S&P 500 Futures Slip on Inflation
Soybean and corn futures rose on anticipation of the USDA's WASDE report, while S&P 500 futures dropped on higher-than-expected inflation data.
Tech Selloff Deepens: AI Spending, Inflation, Geopolitics Unnerve Markets
The S&P 500 tech sector entered correction territory as AI-linked stocks like Oracle and Super Micro Computer tumbled on spending and capital raising, with inflation and geopolitical tensions adding to market jitters.
Murphy USA Stock Jumps 10% on Sector Fuel Margin Optimism
Murphy USA shares surged 10% after Casey's General Stores reported strong fuel margins, boosting investor confidence in sector profitability.
Sky Quarry Surges After-Hours on Refinery Restart Hopes
Sky Quarry (SKYQ) surged 22.44% to $1.91 in regular trading and jumped to $2.38 after-hours as traders focus on the company's planned June refinery restart.
SoFi Shares Slide 3.6% as Hot Inflation Data Revives Rate Hike Fears
SoFi stock dropped 3.64% to $15.87 as May inflation data surpassed expectations, reviving fears of Federal Reserve rate hikes and triggering a broad selloff in growth stocks.
Nokia Shares Slide as Nvidia's Telecom Push Raises AI Infrastructure Doubts
Nokia's ADR dropped for a second day, falling 3.25% to $13.40, as Nvidia's push into telecom tech casts doubt on Nokia's AI infrastructure role. Shares are 23% below last week's peak.
Social Security Trust Fund Depletion Date Accelerated to 2032, Benefit Cuts Loom
Social Security's retirement and survivor trust fund is now forecast to be depleted by late 2032, a quarter earlier than last year's projection, leading to a 22% benefit cut if Congress fails to intervene.
Nvidia Tumbles as AI Chip Selloff Deepens, Valuation Contracts
Nvidia shares fell over $7 to $200.42 as chip stocks slumped, with the Philadelphia semiconductor index down 3.6%. Despite strong AI demand and record earnings, investors are shifting focus from fundamentals to macro risks.
Joby Aviation CFO's Stock Sale Triggers Share Decline
Joby Aviation shares dropped 4.47% after the CFO disclosed a prearranged stock sale. The market focused on regulatory progress and cash burn rather than any new operational updates.