Today: 13 June 2026

Iwona Majkowska

Clorox Stock Slumps After Profit Forecast Cut as Purell Deal and Oil Costs Bite

Clorox slips as CEO departure announced

Clorox shares fell 6.4% to $90.02 Friday after CEO Linda Rendle said she would step down for health reasons, intensifying concerns over weak sales and profit outlook. Trading volume jumped to 4.6 million shares. The stock underperformed peers as the S&P 500 and Dow rose. Rendle will remain in her roles until a successor is named.
30 May 2026
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BP Stock Just Got a Boardroom Shock. Monday Could Test the Turnaround

BP Stock Just Got a Boardroom Shock. Monday Could Test the Turnaround

BP shares fell 5.3% last week after chairman Albert Manifold was removed Tuesday over governance concerns, triggering reports of deeper boardroom clashes. The stock closed Friday at 521.80p, lagging the FTSE 100. Manifold denied misconduct and defended his push for change. The London Stock Exchange reopens Monday after a holiday-shortened week.
30 May 2026
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Ford gets fresh boost as power-grid trade heats up

Ford gets fresh boost as power-grid trade heats up

Ford shares jumped 4.74% to close at $17.44 Friday, hitting a 52-week high of $17.78, with over 154 million shares traded. BofA Securities raised its price target to $20, citing Ford’s push into battery energy storage. Ford Energy signed a five-year deal with EDF to supply up to 20 GWh of storage systems starting in 2028. New U.S.-Mexico trade talks and stricter USMCA rules emerged as risks.
30 May 2026
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Dow punches past 51,000 with Dell rally driving record May

Dow punches past 51,000 with Dell rally driving record May

The Dow closed above 51,000 for the first time Friday, rising 0.7% to 51,032.46, as Dell shares surged 32.8% after strong earnings and an upbeat outlook. The S&P 500 gained 0.2% and the Nasdaq rose 0.2%. Oil prices fell, with Brent crude down 1.7% to $91.12 a barrel. U.S. and Iranian negotiators reached a tentative deal to extend the ceasefire and resume nuclear talks.
30 May 2026
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Atlassian Shares Surge as Investors Shift From AI Software Fears

Atlassian Shares Surge as Investors Shift From AI Software Fears

Atlassian shares jumped 15.6% to $107.85 Friday afternoon, with nearly 9.6 million shares traded, double the average volume. The rally followed strong AI-driven results from peers like Snowflake, which surged 37% Thursday. Investors returned to software stocks despite lingering concerns over AI disruption and restructuring costs. The iShares Expanded Tech-Software Sector ETF rose 5.6%.
29 May 2026
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IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Limited shares fell 1.5% to $63.08 Friday, underperforming the Nasdaq-100. The company announced a $1.6 billion deal to buy Nvidia Blackwell systems from Dell, aiming to boost annualized revenue to $4.4 billion, though not all of that is under contract. IREN posted a Q3 net loss of $247.8 million as revenue dropped to $144.8 million. Goldman Sachs raised its price target to $50 but kept a Neutral rating.
29 May 2026
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SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne shares fell nearly 20% premarket Friday after the company issued second-quarter revenue guidance below analyst estimates and announced plans to cut about 8% of its workforce. First-quarter revenue rose 21% to $277 million, missing expectations by $0.6 million. The company expects a $25 million restructuring charge, mostly for severance and stock compensation. Investors focused on weaker guidance despite a first-quarter earnings beat.
29 May 2026
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PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies shares surged 235% to $4.59 in premarket U.S. trading Friday after the company announced progress toward a commercial launch of its DeepSolar Predict AI platform for renewable-energy operators. PRFX closed Thursday at $1.37 with a market cap near $1.2 million. The company remains thinly capitalized, with recent SEC filings warning of potential dilution. PRF is also developing PRF-110, a non-opioid pain drug.
29 May 2026
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CME Will Run 24/7, Ending Bitcoin Weekend Gap Trade

CME Will Run 24/7, Ending Bitcoin Weekend Gap Trade

CME Group will begin 24/7 trading for its cryptocurrency futures and options on Friday, closing the gap with bitcoin’s nonstop spot market. The move ends the “CME gap” trade, which relied on price breaks when the exchange was closed. CME reported record crypto futures volume of $3 trillion in 2025. Bitcoin traded near $73,543 early Friday, with ether around $2,006.
29 May 2026
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Mistral AI’s Meteoric Rise: Inside the $14B Open-Source Gambit Challenging OpenAI

Mistral AI’s Meteoric Rise: Inside the $14B Open-Source Gambit Challenging OpenAI

Mistral AI, founded in 2023 by former DeepMind and Meta researchers, reached a €11.7 billion valuation after raising €1.7 billion in September 2025 led by ASML. The Paris-based startup built its reputation by open-sourcing large language models, while keeping its most advanced models proprietary. Its chat assistant “Le Chat” surpassed 1 million downloads in two weeks. Mistral has signed enterprise deals with firms including NTT.
14 September 2025
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Stock Market Today

  • Wealthy Spending on Luxury Goods Pushes Up Prices of Everyday Items
    June 13, 2026, 8:38 AM EDT. The rich continue to spend heavily on unapologetic luxury items despite rising inflation. This sustained demand supports higher prices for luxury goods and indirectly pressures the cost of everyday products. Economists warn this behavior could hinder the Federal Reserve's efforts to tame inflation through monetary policy. The Fed typically raises interest rates to cool spending, but wealthy consumers remain largely unaffected by these measures, maintaining their purchasing power. This dynamic creates challenges for controlling price increases across the broader economy, complicating efforts to achieve stable inflation levels.

Latest articles

Oil stocks set for weekend as crude drops on Iran deal talk

Oil stocks set for weekend as crude drops on Iran deal talk

13 June 2026
Brent crude plunged 3.37% to $87.33 and WTI fell 3.23% to $84.88 Friday as hopes for a U.S.-Iran deal slashed oil’s geopolitical risk premium, but energy stocks like XLE closed nearly flat for the week, with investors awaiting confirmation of a memorandum and real oil flow changes through the Strait of Hormuz before making their next move.
AMD Upgrade, SK Hynix Nasdaq Plan Push AI Chip Makers Higher

AMD Upgrade, SK Hynix Nasdaq Plan Push AI Chip Makers Higher

13 June 2026
AMD soared 4.7% to $511.57 after Citi upgraded the stock to Buy and raised its price target to $575, citing AMD’s growing strength in AI GPUs and potential deals with Meta, while Nvidia was little changed and Broadcom slipped despite record AI revenue.
Big Tech Trades Lower With SpaceX IPO and Fed In Focus

Big Tech Trades Lower With SpaceX IPO and Fed In Focus

13 June 2026
Hedge funds dumped major tech stocks ahead of SpaceX’s record IPO, dragging the Magnificent Seven ETF down over 2.4% since June 5 even as the Nasdaq rose, as investors brace for the Fed’s June 16–17 meeting and updated rate projections.
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