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NYSE:SERV 6 December 2025

Flood Restoration Surges to $7.1B in 2025 as IICRC Certification Becomes the New Gold Standard for Disaster Recovery

Flood Restoration Surges to $7.1B in 2025 as IICRC Certification Becomes the New Gold Standard for Disaster Recovery

The U.S. flood and water damage restoration market reached $7.1 billion in 2025, fueled by severe storms and flooding. The Central Texas floods in November caused up to $22 billion in damage. Industry leaders like ATI Restoration and PuroClean expanded rapidly this year. IICRC certification is now widely cited as the new standard for professional disaster recovery services.
6 December 2025

Stock Market Today

  • Global Wealth Nears $100 Trillion Driven by North America and Asia Pacific Growth
    June 4, 2026, 1:20 AM EDT. Global wealth increased by nearly 9% to $98.3 trillion in 2023, propelled by gains in North America and Asia Pacific, according to a new report. The growth underscores how AI advancements and Wall Street's performance continue to concentrate wealth among the richest. This surge highlights ongoing disparities as asset values and investment returns elevate fortunes at the top end of the market. The report signals robust investment activity and economic recovery in key regions, contributing to the expanding global wealth pool.

Latest articles

Dow Falls 620 Points After Broadcom’s After-Hours Move Shakes AI Stocks

Dow Falls 620 Points After Broadcom’s After-Hours Move Shakes AI Stocks

4 June 2026
Broadcom plunged 13.7% after hours to $413.62 as second-quarter revenue missed Wall Street estimates and its AI-chip sales forecast stayed unchanged, erasing one of the market’s last AI-linked supports just as the Dow fell 621 points and oil neared $100, stoking inflation and Fed risk concerns.
PVH Shares Drop After Results, But Quarter Wasn’t the Issue

PVH Shares Drop After Results, But Quarter Wasn’t the Issue

4 June 2026
PVH shares plunged 18.7% to $79.00 after hours as the Calvin Klein and Tommy Hilfiger owner slashed its full-year revenue outlook to roughly flat, citing ongoing pressure in Europe, the Middle East and Africa, overshadowing a first-quarter profit beat and signaling weaker second-quarter sales.
Nu Holdings Shares Fall After Analyst Downgrades and CFO Change

Nu Holdings Shares Fall After Analyst Downgrades and CFO Change

4 June 2026
Nu Holdings sank 2.43% to $11.64 after a second analyst downgrade in two days, as Susquehanna and BofA cited falling margins, rising credit risk, and uncertainty from an upcoming CFO change; credit loss allowances jumped 33% last quarter, while risk-adjusted net interest margin fell to 9.5%, raising concerns about Nu’s growth premium amid broader weakness in Brazilian bank stocks.
Intel shares snap losing streak as Wall Street eyes CPU rebound

Intel shares snap losing streak as Wall Street eyes CPU rebound

4 June 2026
Intel soared 4.43% to $112.71, snapping a five-day losing streak, after unveiling new Xeon 6+ CPUs and rack-scale AI infrastructure at Computex, positioning CPUs as central to AI buildouts and sparking renewed investor interest despite ongoing risks from rivals and rising chip costs.
Five Below Drops After Strong Quarter as Traders React

Five Below Drops After Strong Quarter as Traders React

4 June 2026
Five Below stock plunged 12.6% after hours to $194.87 despite first-quarter sales and profit beating estimates and raised full-year guidance, as investors focused on management’s warnings about rising fuel costs, sticky inflation, and a tougher consumer backdrop that could threaten the chain’s strong sales momentum.
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