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Trump’s Truth Social dismisses accounting firm after SEC accused it of ‘massive fraud’

BF Borgers agreed to pay a $14 million fine after admitting it had falsely claimed filings for hundreds of companies met accounting standards.

History shows quiet weeks for economic data are often the best weeks for stocks. Here’s what to watch.

U.S. stocks were rising on Monday, kicking off what promises to be a relatively quiet week for economic data. History says weeks with a quiet macroeconomic calendar have seen better-than-average returns for the stock market, according to BofA Global Research.

GameStop’s stock slides 12% after skyrocketing last week

The videogame retailer and original meme stock ended Friday’s session up 29.1%.

Citi sees ‘coiled spring’ for bank stocks, with Hancock Whitney in the spotlight

Citi analyst Ben Gerlinger sees bank stock as “attractive” for significant gains over the summer.

Americans expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds

U.S. consumers expect mortgage rates to rise to near double digits over the next three years, according to a new survey by the New York Federal Reserve.

Robinhood’s stock dives after receipt of SEC ‘Wells Notice’ disclosed

The company said the “Wells Notice” states that the SEC Staff decided to recommend the SEC file “an enforcement action” against Robinhood, alleging securities violations.

EyePoint Pharmaceuticals’ stock plunges as eye treatment fails to meet trial goal

Shares of EyePoint Pharmaceuticals dropped nearly 30% premarket on Monday after the company said its experimental eye disease treatment failed to meet a clinical trial’s main goal.

Trump’s war against short-sellers appears to be paying dividends as DJT’s stock rises

Ever since the former president’s media company began blaming Truth Social’s stock woes on naked short selling, its share price has more than doubled.

Clean-energy producer Allete agrees to go private for $6.2 billion

Canada Pension Plan Investment Board and Global Infrastructure Partners team up to pay $67 a share.

Treasury yields decline toward 1-month lows as expectations for Fed rate cuts mount

Treasury yields declined toward their lowest levels in nearly a month on Monday as hopes for multiple Federal Reserve interest-rate cuts later this year helped boost demand for bonds.

Bowlero’s stock slides 10% premarket after earnings fall short of estimates and company offers soft guidance

Chief Executive and Founder Thomas Shannon said the quarter started slowly due to weather.

TD Bank’s stock selloff on money-laundering report is overblown, says KBW analyst

TD Bank’s transgressions don’t appear to be as extensive as those of HSBC a decade ago, one analyst says.
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