We're about to witness a massive wealth transfer from retail investors to SpaceX's insiders.
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Sacrificing additional transparency is a dangerous game to play.
A rally across global stock markets continued, with sentiment boosted by the prospect of a U.S.-Iran agreement to reopen the Strait of Hormuz.
The Dow Jones and S&P 500 closed at record highs on Tuesday as optimism grew over reopening the Strait of Hormuz.
JEPQ's monthly checks look generous until the IRS shows up and takes a cut that most yield-focused investors never see coming. Before you chase that 10% distribution rate, find out what the fund's structure quietly costs you.
Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.Crude tumbled more than five percent Tuesday -- and are down more than 10 percent this week -- after US Treasury Secretary Scott Bessent said a deal could be reached imminently with Tehran on re-opening the Strait of Hormuz to shipping traffic.
In its most recent quarter, Microsoft Cloud's revenue was $59.3 billion, up 27% year over year,
REVIEW PREVIEW NEWSLETTER Good Vibes and Blue Skies. Summer heat and humidity may be setting in, but markets are showing no signs of wilting. The gains keep piling up in the first few days of the August as strong earnings, hopes of a sustained ceasefire in the Middle East and a renewed optimism in AI drove major indices higher on Tuesday.

<body><p>STORY: Wall Street's main indexes surged on Tuesday, with the Dow and S&P 500 both gaining roughly one-and-three quarters percent to notch record-high closes, and the Nasdaq climbing more than two-and-a-half percent.</p><p>Investors eagerly awaited SpaceX's first earnings results since its IPO, delivered after the close. Elon Musk's rocket and AI company reported a more than 90% rise in revenue for the quarter, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company posted a net loss of more than $540 million and capital expenditures of over $18 billion. Its shares, which closed up, gave back most of those gains in extended trading.</p><p>The stock, which has fallen 8% since SpaceX's record-breaking IPO in June, could face further pressure this week when the lock-up period expires, notes Rob Haworth, senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"I think the market's probably a little worried that we're going to see more shares being offered, although we've been below the IPO price, so we'll have to see. But we think this remains a really important year for IPO markets as we have OpenAI and Anthropic coming as well. This will really start to unlock this private equity market and get some fresh capital to work. And then I think it's a question of how do markets adapt to this, right? How do markets adapt to all these new providers, which are model companies, and incorporate those into the overall ethos? So this is going to remain a really interesting year when it comes to some fresh blood into the U.S. equity market."</p><p>:: AMD</p><p>Also after the close, AMD said its second-quarter revenue rose 50% year-over-year, beating analysts' expectations. But the stock, which closed 7% higher, erased those gains in extended trading.</p><p>In other earnings news, Palantir Technologies grabbed headlines after its CEO delivered what he called "otherworldly" results, with the software company raising its annual revenue forecast. Shares skyrocketed more than 29% to record their biggest daily percentage gain since February of 2024.</p><p>:: Caterpillar</p><p>And shares of Caterpillar, seen as a bellwether for the global industrial economy, jumped about five-and-a-half percent after the company raised its annual revenue growth forecast, as the buildout of AI data centers has fueled demand for its power-generation and construction equipment.</p><p>Meanwhile, crude prices settled down about 5% after a Qatari official said efforts to secure a diplomatic resolution to the Iran conflict were continuing, while U.S. Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come within the next two days.</p></body>
Situational Awareness may be just the tip of the iceberg.
VirTra, Inc. (VTSI) reached $3.11 at the closing of the latest trading day, reflecting a +1.63% change compared to its last close.
Lennar (LEN) concluded the recent trading session at $87.02, signifying a +2.14% move from its prior day's close.
If "Sell in May and Go Away" isn't already a dead notion, this early trading week is killing it.
Compass stock was rising in after-hours trading after the company reported earnings and issued guidance that exceeded consensus estimates. Compass’s ongoing integration of the Anywhere brokerage business and partnership with Redfin helped. Compass reported basic earnings of twelve cents a share, or eleven cents a share diluted, on $4.3 billion in revenue in its second quarter, the real estate brokerage said in a Tuesday announcement.
Lowe's (LOW) concluded the recent trading session at $218.08, signifying a +2.84% move from its prior day's close.
In the closing of the recent trading day, Ulta Beauty (ULTA) stood at $543.86, denoting a +1.77% move from the preceding trading day.
The latest trading day saw Gold.com (GOLD) settling at $42.9, representing a +1.83% change from its previous close.
Home Depot (HD) concluded the recent trading session at $348.24, signifying a +2.42% move from its prior day's close.
Shares plunged 10% after reports tied a food-safety issue to produce at multiple locations, on Aug. 4, 2026.
U.S. stocks surged and oil fell sharply after Treasury Secretary Scott Bessent said the U.S. could reach a deal with Iran to reopen the Strait of Hormuz “today or tomorrow.”
Oil prices continued their slide and stocks rallied after Scott Bessent said a deal with Iran to reopen the Strait of Hormuz could come “today or tomorrow.” The Dow industrials climbed 1.7% and closed above 54,000 for the first time.
Stocks notched new record highs on Tuesday as oil prices dipped and companies reported healthy profits.