June Social Security Payments Wrap Up; SSI Recipients Face July Timing Shift
Economy Daniel Marsh

June Social Security Payments Wrap Up; SSI Recipients Face July Timing Shift

The last June Social Security checks go out June 24. SSI recipients will see two deposits in July but skip August, as the SSA adjusts for a Saturday calendar quirk.

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Blackstone-Led Lenders Take Over Medallia, Wiping Out Thoma Bravo's $5 Billion Equity
Analysis Daniel Marsh

Blackstone-Led Lenders Take Over Medallia, Wiping Out Thoma Bravo's $5 Billion Equity

Lenders led by Blackstone, Apollo, and FS KKR Capital have taken control of Medallia from Thoma Bravo, wiping out the buyout firm's $5 billion equity stake. The restructuring includes $150 million in new capital.

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Nokia Shares Face Key Test After Sharp Pre-Holiday Decline
Markets Daniel Marsh

Nokia Shares Face Key Test After Sharp Pre-Holiday Decline

Nokia shares dropped nearly 9% in a shortened trading week despite multiple AI and network announcements, as investors demand proof of cash flow and margins ahead of the July 23 Q2 report.

Coeur Mining to Enter S&P MidCap 400 After Volatile Week
Markets Daniel Marsh

Coeur Mining to Enter S&P MidCap 400 After Volatile Week

Coeur Mining added to the S&P MidCap 400 after a turbulent week, with shares closing at $17.54. Index fund demand will be tested at Monday's open.

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Intel Shares Hit Record After Apple Foundry Hint, Micron Test Looms
Technology Sarah Chen

Intel Shares Hit Record After Apple Foundry Hint, Micron Test Looms

Intel shares closed at a record $133.99 after Trump said Apple is partnering on chip design, but details remain unconfirmed. Micron earnings this week will test AI demand.

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Nvidia Rises Ahead of Holiday; Micron Earnings Test AI Rally
Technology Sarah Chen

Nvidia Rises Ahead of Holiday; Micron Earnings Test AI Rally

Nvidia closed 2.95% higher at $210.69 before the holiday, as chip stocks lifted the Nasdaq. Focus now shifts to Micron's earnings and Nvidia's annual meeting for AI demand cues.

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Denny's Launches All-Day Value Menu with Under-$10 Deals
Earnings James Calloway

Denny's Launches All-Day Value Menu with Under-$10 Deals

Denny's launches its Clock's Off Menu nationwide on June 24, featuring all-day breakfast, lunch, and dinner options with under-$10 deals to attract value-conscious customers.

DIN
Marvell Technology Set to Enter S&P 500, Powered by AI Growth
Technology Sarah Chen

Marvell Technology Set to Enter S&P 500, Powered by AI Growth

Marvell Technology surges 11% ahead of its S&P 500 entry on June 22, fueled by a KeyBanc price target increase and a milestone shipment of optical chips for AI data centers.

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U.S. Mortgage Rates Dip to 6.47% on Iran Deal Hopes, But Fed and Hormuz Risks Loom
Economy Daniel Marsh

U.S. Mortgage Rates Dip to 6.47% on Iran Deal Hopes, But Fed and Hormuz Risks Loom

U.S. mortgage rates dropped to 6.47% amid a tentative Iran deal, but the Fed's inflation stance and Hormuz tensions pose upside risks.

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US Makes Global Hawk Drone Deployment in Japan Permanent
Regulation James Calloway

US Makes Global Hawk Drone Deployment in Japan Permanent

The US Air Force has permanently stationed three RQ-4B Global Hawk drones at Yokota Air Base, Japan, shifting from seasonal to year-round operations to boost surveillance in the Pacific.

NOC
Cathie Wood's ARK Invests $52M in Snowflake, Betting on AI Cloud Growth
Technology Sarah Chen

Cathie Wood's ARK Invests $52M in Snowflake, Betting on AI Cloud Growth

ARK Investment Management bought $52 million in Snowflake shares following a 33% surge driven by raised guidance and a $6 billion AWS deal, signaling a bet on AI software revenue.

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Landseed Secures $400K to Advance Sensor-Based Biodiversity Verification
Commodities Rebecca Torres

Landseed Secures $400K to Advance Sensor-Based Biodiversity Verification

Landseed raised $400,000 to develop AI sensors that verify ecological outcomes for biodiversity credits, targeting market trust issues.

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