Stock Market & Financial News
Middleby's Board Gives Nod to the Midera Spin-Off Plan (Revised)
MIDD approves the Midera Food Processing spin-off, with the separation set for July 6, paving the way for Midera to trade independently.
MIDD Zacks Industry Outlook APA , W&T and Ring
APA , W&T and Ring have been highlighted in this Industry Outlook article.
APA BTC price four-year trend calls for $76K as analysis says Bitcoin 'not broken'
Bitcoin research said that BTC price action remained in tune with previous cycles as the bear market produces a 20% discount to its four-year "adoption structure" trend line.
Ripple clears XRP Ledger lending re-audit with no critical flaws
Ripple's XRP Ledger lending protocol clears Halborn's re-audit with no critical or high-risk flaws, moving XRPL DeFi closer.
Silver Price Forecasts: XAG/USD licks its wounds above $61.00 amid a strong US Dollar
Silver Price Forecasts: XAG/USD licks its wounds above $61.00 amid a strong US Dollar
FBI's $152 Bitcoin blunder may have scared off kidnappers in Arizona disappearance case
The FBI's misstep highlights the complexities and potential pitfalls of using cryptocurrency in law enforcement operations, complicating future cases. FBI's $152 Bitcoin blunder may have scared off kidnappers in Arizona disappearance case.
CLARITY Act Vote: Why Bitcoin's Next Move Could Hinge on the Senate
The Senate is racing to vote on the CLARITY Act before recess. Here's why the crypto market structure bill could decide Bitcoin's next big move.
XRP Tests $1.10 Support as Broader Crypto Market Weakness Persists
Ripple (XRP) extended its short-term slide on Tuesday as the broader cryptocurrency market stayed under pressure, keeping traders focused on whether the token can hold the closely watched $1.10 support level. The move comes amid fragile risk appetite across digital assets, with macro uncertainty continuing to weigh on sentiment.
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
As AI Companies Race for Power, Amazon and Google Have the Lead
Amazon has an incumbent advantage, and Google stands out for some innovative approaches.
AMZN 
TRON records 3.93M active addresses in a single day, surpassing BNB Chain, Solana, and Ethereum
TRON's surge in active addresses highlights its dominance in stablecoin transfers, but sustained growth is key for long-term investor confidence. TRON records 3.93M active addresses in a single day, surpassing BNB Chain, Solana, and Ethereum.
Crypto News, June 24: Crypto Chaos as BTC USD Tumbles with Chip Stocks, ETH Foundation Axes Staff, Rate Hike Looms
Crypto is stabilizing after BTC slid alongside tech stocks, while ETH USD continued its frustrating trend of underperforming expectations.
Hammond Power Solutions: Transformer Demand Makes The Premium Worth Paying
Hammond Power Solutions earns a buy rating, justified by strong demand visibility and a premium valuation reflecting a structural demand cycle. HMDPF benefits from surging demand in data centers, renewables, EV charging, and grid upgrades, evidenced by record Q1 2026 sales and a 95% y/y backlog increase. Scale, capacity expansion, and technical customization position HMDPF to capture large project orders and maintain delivery certainty in a tight market.
HMDPF 
CryptoQuant Says Strategy Should Pause Bitcoin Buys And Rebuild Cash Reserves
CryptoQuant Says Strategy Should Pause Bitcoin Buys And Rebuild Cash Reserves TL;DR CryptoQuant says Strategy should pause Bitcoin purchases and rebu
SpaceX Deep Dive: This Dip Is My Cue To Buy
SpaceX commands a unique market position with an unmatched $28.5 trillion TAM, spanning space, connectivity, and AI ambitions. I'm initiating SPCX with a buy rating, despite its premium valuation, due to its sustainable growth trajectory and lack of near-term earnings cliffs. SPCX's dominance is underscored by its NASA certification and first-mover advantage in private orbital launches, outpacing distant competitors like Blue Origin.
SPCX 
Elon Musk loses trillionaire status as SpaceX, Tesla selloff wipes out billions
Elon Musk is no longer a trillionaire after sharp declines in SpaceX and Tesla shares wiped out more than $150 billion from his fortune and dragged his net worth below the $1 trillion mark. According to Bloomberg's Billionaires Index, Musk's wealth stood at $957 billion on Wednesday, down from the historic milestone he crossed earlier this month after SpaceX's blockbuster initial public offering propelled him into the trillionaire club.
TSLA 
Veeva Systems: The AI Thesis Is More Tangible Now
Veeva Systems remains a Buy, with core revenue and subscription growth in the mid-teens and a compelling ~16x NTM PE valuation. Falcon, VEEV's agentic labor AI platform, makes the AI opportunity tangible, offering automation for compliance-sensitive, high-volume workflows in life sciences. R&D and Quality subscription revenue outpaces consolidated growth at 19% y/y, while Commercial gains traction with over 150 live Vault CRM customers.
VEEV 
Ørsted: Moving Towards The Future
Ørsted stands poised for growth as Europe accelerates offshore wind investment and energy independence initiatives. Q1 2026 saw $1.45 billion USD EBITDA, 93% asset availability, and a 98% renewable generation share, highlighting DNNGY's operational strength. Ørsted's project pipeline adds 4.8 GW over two years, with major deals like the $6.5 billion Hornsea 3 stake sale validating portfolio value.
DOGEF 
AUD/USD Price Forecast: More downside looks likely towards 0.6830
AUD/USD Price Forecast: More downside looks likely towards 0.6830
Quantinuum (QNT) Stock Surges 13% Following Trump's Quantum Computing Executive Orders
Quantinuum (QNT) shares closed Tuesday's trading session at $77.46, marking a 13.46% gain and nearing its 52-week peak of $77.84. The rally followed President Trump's signing of two executive orders centered on quantum technology advancement and cybersecurity concerns.
Edgewell Personal (EPC) Surges 15.4%: Is This an Indication of Further Gains?
Edgewell Personal (EPC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
EPC 
Robinhood stock decouples from Bitcoin after months of tight correlation
HOOD trades near $103 as Robinhood breaks from Bitcoin's price trend, helped by prediction markets, AI tools and a $2b debt raise.
Not Buying More Bitcoin: Here Is How Michael Saylor Can Actually Save Strategy
Strategy's business model has come under a barrage of harsh criticism from experts. Well-known analyst Charles Edwards openly called Michael Saylor's strategy a "ticking time bomb" that fully depends on the continuous growth of Bitcoin's price and risks exploding during a prolonged market decline.
Prospect Capital: The Preferred Shares Are Overpriced Versus The Bonds
Prospect Capital Corporation offers perpetual, cumulative preferred shares with a 5.35% coupon and 7.9% current yield. PSEC common equity trades at a >50% discount to NAV, reflecting market skepticism about balance sheet quality and portfolio marks. PSEC.PR.A's yield is lower than PSEC's long-dated bonds, despite greater risk in bankruptcy, making the preferred equity unattractive on a risk/reward basis.
PSEC 
New Strong Buy Stocks for June 24th
BY, NVGS, NBIX, TFII and BG have been added to the Zacks Rank #1 (Strong Buy) List on June 24th, 2026.
BG 
RBNZ Hike Bets Collapse as NZD/USD Accelerates Toward Critical 0.5580 Support
New Zealand Dollar has emerged as one of the weakest major currencies this week, with NZD/USD breaking to a multi-month low as a combination of global risk aversion, broad-based Dollar strength, and rapidly fading expectations of near-term Reserve Bank of New Zealand tightening weigh heavily on the currency. The selloff has accelerated notably in recent sessions, reflecting a sharp reversal from the narrative that supported Kiwi during April and May.
USDCAD, EURUSD Price Outlook: Long-Term Setups Emerge as DXY Tests 13-Month Highs
Signs of overbought daily momentum, last seen in March 2026 and previously throughout 2025, are now appearing across several major dollar-related charts:
Ethereum Foundation cuts 20% of staff as ETH sinks 44% YTD despite record usage
The Ethereum Foundation has cut roughly 20% of its workforce and slashed its budget by roughly 40% as part of a broad reorganization, even as the blockchain it helps steward records its highest-ever levels of user activity and attracts deeper participation from major financial institutions.
Bitcoin Gift Tax Case Sent Back by Korea Tribunal
Korea's Tax Tribunal has ordered a reinvestigation into a gift tax assessment levied on Bitcoin that was transferred through a spouse's account, sending the dispute back for further fact-finding rather than issuing a final ruling on the merits.
New Strong Sell Stocks for June 24th
CWCO, GSL and MTH have been added to the Zacks Rank #5 (Strong Sell) List on June 24th, 2026.
CWCO 
