Today: 9 June 2026
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NASDAQ:LC 1 January 2026 - 2 May 2026

Is Cash No Longer King? Why Your Bank Savings Could Be May’s Costliest Investment Mistake

Is Cash No Longer King? Why Your Bank Savings Could Be May’s Costliest Investment Mistake

The Federal Reserve kept its benchmark rate at 3.50%–3.75% this week as March inflation rose 3.5% year-on-year. FDIC data showed average savings account yields at 0.38%, far below inflation, while some online banks offered over 4% APY. Money-market fund assets reached $7.63 trillion. Series I savings bonds will pay 4.26% for new issues through October.
SoFi Stock Price Falls as Muddy Waters Fight Drags On Despite Mizuho Defense

SoFi Stock Price Falls as Muddy Waters Fight Drags On Despite Mizuho Defense

SoFi Technologies shares dropped 50.5 cents to $16.65 Tuesday morning after Muddy Waters Research accused the company of hiding $312 million in debt. Analyst Dan Dolev defended SoFi, citing public disclosures, but the stock remained near lows set after the short seller’s report. CEO Anthony Noto bought 28,900 shares on March 17. Other fintech stocks, including Affirm and LendingClub, also fell.
SoFi stock falls after-hours as Treasury yields tick up into year-end — what to watch next

SoFi stock falls after-hours as Treasury yields tick up into year-end — what to watch next

SoFi shares fell 1.4% to $26.18 in after-hours trading Wednesday, tracking declines across fintech lenders as the 10-year Treasury yield rose to 4.163%. About 33.8 million SoFi shares changed hands. The selloff followed a record $74.6 billion in borrowing from the Fed’s Standing Repo Facility and a dip in U.S. jobless claims. Investors await SoFi’s next earnings report, expected Jan. 26.

Stock Market Today

  • IBM Stock Falls Despite Market Gains Ahead of Earnings Report
    June 8, 2026, 7:46 PM EDT. IBM shares dropped 0.69% to $230.12, underperforming the S&P 500's 0.82% gain. Over the past month, IBM rose nearly 10%, outpacing its sector and benchmark indexes. Investors await IBM's upcoming earnings report, expecting earnings per share (EPS) to decline 2.84% year-on-year to $3.76, while revenue is forecast to grow 1.26% to $17.6 billion. Full-year estimates predict 5.2% EPS growth and 1.52% revenue increase. IBM's forward price-to-earnings (P/E) ratio stands at 22.89, above the industry average of 14.87, with a PEG ratio of 5.2 indicating valuation premium relative to growth. The stock holds a Zacks Rank #3 (Hold), reflecting mixed analyst sentiment amid a strong industry ranking.

Latest articles

Broadcom Stock Rebounds, AI Remains an Open Question for Wall Street

Broadcom Stock Rebounds, AI Remains an Open Question for Wall Street

9 June 2026
Broadcom shares jumped 2.8% to $396.60 as chip stocks rebounded after last week’s $1 trillion sector wipeout, but investors remain cautious after Broadcom’s Q2 revenue missed expectations and the company declined to raise its 2027 AI revenue forecast, fueling concerns that rapid AI growth may not meet Wall Street’s high demands.
BitMine Stock Gains as Ether Holdings Approach 5% Target

BitMine Stock Gains as Ether Holdings Approach 5% Target

9 June 2026
BitMine Immersion Technologies shares jumped 6% after revealing ether holdings climbed to 5.54 million tokens, now 4.59% of Ethereum’s supply, with $9.6 billion in crypto, cash and stakes. The company priced a $273.8 million preferred stock offering, with proceeds possibly funding more ETH purchases and staking. BitMine projects $230 million in annualized staking revenues but warns of risks if ETH or financing falters.
Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan

Mingteng Stock Jumps 81% After Halting $100M Share Sale Plan

9 June 2026
Mingteng International shares soared 81.3% to $1.94 after the company ended its at-the-market stock sale plan, having raised about $20.6 million in gross proceeds; trading volume hit 24.2 million, dwarfing its $12 million market value, as the move outpaced gains in other U.S.-listed China auto stocks.
Peso Rebounds, But Mexico’s Next Inflation Print Looms

Peso Rebounds, But Mexico’s Next Inflation Print Looms

9 June 2026
Mexico’s peso edged up 0.09% to 17.4644 per dollar after Iran and Israel paused attacks, but traders turned cautious ahead of Tuesday’s Mexico inflation data, which could shape Banxico rate expectations and impact the peso’s yield advantage that has supported the currency.
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