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MGM Resorts International is the subject of a shareholder investigation tied to the unsolicited offer to take the casino operator private. People, Inc., which is MGM's largest single stockholder and is controlled by board member Barry Diller, bid $48.30 per share on June 1 for the stock it does not already own. The law firm reviewing the transaction has raised questions about the process, given Diller's dual role as a director and as the controlling party behind the bidding e

Hertz Global Holdings has endured one of the most volatile stretches of any name in the rental sector this month. Shares jumped nearly 28% on August 7 after second-quarter results came in well ahead of expectations, with an adjusted loss of 11 cents per share against a consensus loss of 24 cents and revenue of $2.40 billion, up 10% year over year. The relief was short-lived. A securities class action was filed alleging the company misrepresented its liquidity position and the

Copper is trading near all-time highs heading into the second half of August, extending a run that has reshaped the earnings profile of the world's largest listed producers. Freeport-McMoRan realized an average price of $6.17 per pound in the second quarter, up from $4.54 a year earlier, and beat quarterly profit estimates on the strength of that move. The rally has been driven by a combination of tight mine supply, tariff-related dislocations between regional markets, and de

West Texas Intermediate settled above $82 a barrel on Friday, rising 1.4% on the session, as Washington escalated economic pressure on Iran over the closure of the Strait of Hormuz. Treasury Secretary Scott Bessent said the United States would impose what he described as unprecedented measures, a signal that the standoff is unlikely to resolve quickly. The more durable issue for energy investors may be downstream rather than upstream. Executives at Chevron and ExxonMobil have

United Parcel Service enters the back half of 2026 with a sharply different network than it had a year ago. The roughly two million daily packages of Amazon volume that once anchored its U.S. operation have now been fully wound down, closing out the largest deliberate volume reduction in the carrier's modern history and completing a strategic shift management first outlined in 2025. Goldman Sachs added UPS to its U.S. Conviction List in its August update, pointing to the comp

Bank of America has unveiled a Critical Infrastructure Finance Initiative targeting $250 billion in capital, which the bank says it intends to mobilize and deploy by July 4, 2027. The program is aimed at the physical backbone of the economy — energy generation and transmission, transportation networks, water systems and the data center and grid capacity now being pulled forward by artificial intelligence demand. The structure matters as much as the headline number. The commit

The University of Michigan's preliminary August consumer sentiment index fell roughly 8% to 51.0, well below the 55.0 economists expected and down from July's final reading of 55.2. The decline ended two straight months of improvement. Current conditions slipped to 51.8 from 54.8 and the expectations component dropped to 50.6 from 55.4, with expected business conditions sinking 11% for the short run and 17% for the long run. The pullback was broad but concentrated among older

Coca-Cola has broken ground on a $650 million expansion of its Fairlife production facility in Michigan, a substantial capital commitment to one of the beverage maker's fastest-growing brands. Fairlife, the ultra-filtered milk line Coca-Cola acquired outright in 2020, now generates roughly $4 billion in annual sales and has become a central pillar of the company's push beyond carbonated soft drinks. The investment targets a capacity constraint rather than a demand problem. Fa

Nike shares closed at $41.23 this week, hovering just above the $40.00 bottom of a 52-week range that tops out at $80.17. The stock has roughly halved from its high over the past year, leaving the sportswear company with a market capitalization near $61.6 billion. Wall Street's average 12-month price target sits at $50.66, but the ratings mix is split — 12 analysts rate the shares a buy against three sells, producing an overall neutral consensus. The pressure is most visible

A U.S. appeals court has cleared roughly 2,400 to 3,000 lawsuits to proceed against Snap and other social media companies over claims that their platforms were designed to be addictive to young users. The ruling removes a procedural barrier that had held the consolidated litigation in place and shifts the cases toward discovery, extending a legal overhang that analysts have flagged as difficult to quantify. The legal news arrives alongside separate regulatory scrutiny abroad.

Virgin Galactic's latest tranche of spaceflight expeditions booked out ahead of schedule and was oversubscribed at a $750,000 ticket price, the company said in its second-quarter business update — a sign that demand for private spaceflight remains strong at sharply higher price points. The good news came with a delay: the first commercial spaceflight of the company's new Delta-class vehicles moves to February 2027 to complete final systems installations. The flight test phase

The S&P 500 climbed 0.65% Thursday to a record close of 7,798.99 after crossing 7,800 intraday for the first time, touching an all-time high of 7,816.70. The rally was powered by semiconductors and heavyweight technology names, with a retreat in crude prices adding fuel after a week dominated by energy-driven inflation fears. The catalyst was July's Producer Price Index, which came in unchanged against forecasts for a 0.2% rise — the second benign inflation print in as many d

Tyson Foods shares jumped more than 6% this week after the company said it will shut its beef facility in Joslin, Illinois, divest its Pasco, Washington plant and close a major beef packaging site in Utah. The restructuring is aimed at offsetting roughly $650 million in losses from its struggling beef segment, which has been squeezed by historically tight cattle supplies. The stock got an additional lift from Washington: the U.S. Department of Agriculture announced it would r

Walmart reports fiscal second-quarter earnings before the bell on Thursday, August 20, with analysts expecting earnings of $0.74 per share, up almost 9% from a year ago, on revenue of roughly $186.8 billion — implying growth of 5.3%. The stock has climbed into the print, trading near $116 as analysts lift estimates. The shares remain well below their 52-week high after a roughly 12% slide over the past three months, weighed down by rising costs and heavy investment spending.

Clover Health reported second-quarter GAAP net income of $28 million on revenue of $743.2 million, up 55.6% from a year earlier, as the Medicare Advantage insurer's rapid membership growth continued to translate into profits. The company raised its full-year 2026 guidance across revenue, gross profit, adjusted EBITDA, GAAP net income and membership. Management is guiding to roughly 50% membership growth this year and the company's first full year of GAAP profitability — a mil

Pan American Silver jumped nearly 7% as investors piled into silver-exposed miners ahead of the company's second-quarter results, released after Wednesday's close with a conference call set for Thursday. The move builds on silver's historic run above $100 an ounce, which has repriced the entire mining complex. Peer Hecla Mining has rallied as well, up more than 5% on an upbeat silver price outlook. Hecla's own second quarter showed operating cash flow up 61% year over year to

U.S. stocks pushed higher after July's consumer price index matched expectations, rising 0.1% on the month and 3.4% from a year earlier. Core CPI, which excludes food and energy, increased 0.2% monthly with the annual rate at 2.5%, easing fears that the recent oil surge had reignited broader inflation. The S&P 500 and Nasdaq closed higher Wednesday, and futures pointed to further gains Thursday morning. The disinflation story got a second data point Thursday as the producer p

Robinhood Ventures Fund II, the second closed-end fund from Robinhood's venture arm, is set to begin trading on the New York Stock Exchange Thursday under the ticker RVII. The listing extends Robinhood's push to give retail investors access to pre-IPO private companies, following the launch of its first ventures fund. The debut comes on the heels of a strong second quarter for the brokerage. Robinhood reported adjusted earnings of $0.62 per share, beating estimates, as revenu

DraftKings shares rose about 8% to roughly $24 after second-quarter results showed customer acquisition running well ahead of expectations. The company reported revenue of $1.44 billion and a net loss of $67.6 million, swinging from a year-earlier profit, but investors focused on growth: enterprise-wide new customers climbed about 75% with acquisition costs roughly 25% better than planned. The standout was the company's new Predictions product, whose annualized volume surged

NIO's U.S.-listed shares fell 4% to $4.62 Tuesday, the electric-vehicle maker's worst session in two months, after July delivery figures revealed a lineup increasingly dependent on two models. NIO delivered 35,934 vehicles in July, up 71% from a year earlier, bringing its 2026 total to 227,057, a 68% year-to-date increase. Beneath the headline growth, the ES8 and ES9 SUVs accounted for 46% of July deliveries and 83% of core-brand volume. ES8 deliveries rose 14.7% to 10,288 wh