IBM just became the first company to settle a federal lawsuit under a new legal initiative targeting DEI practices in government contracting. It will not be the last. IBM agreed to pay $17,077,043 on April 10 to resolve allegations that it violated the False Claims Act by falsely certifying compliance with federal anti-discrimination laws while
Big bank stocks have had a rough stretch. Wells Fargo thinks investors are reading it wrong. Mike Mayo, Managing Director and Head of U.S. Large-Cap Bank Research at Wells Fargo Securities, said in a note to clients on April 8 that the year-to-date underperformance should reverse. He pointed to strong Q1 earnings, what he called
Short-seller Michael Burry just made his view on Nvidia (NVDA) stock a lot harder to ignore. In a new Substack post, the popular investor disclosed that he added to his bearish Nvidia position, loading up more on long-dated puts, with the stock still at the heart of the AI rally. At the same time, he
The same technology that once powered a wave of optimism across Wall Street is now beginning to turn the pressure back on the very companies that built it. Artificial intelligence (AI), once seen purely as a growth engine for software, is now forcing investors to rethink what “safe growth” really looks like. That shift came
Wharton professor Jeremy Siegel just threw cold water on the interest rate-cut story. In an interview cited by Seeking Alpha, the veteran economist now foresees the Fed moving toward a rate hike instead of a cut on the back of rising inflation. For perspective, markets have spent several months trying to map out lower rates,
Most people think of Broadcom as an artificial intelligence chip play. And fair enough — the company just reported record Q1 2026 revenue of $19.3 billion, with AI semiconductor revenue nearly doubling year over year. But there’s a quieter story that income investors have been benefiting from for years. Broadcom (AVGO) is also one of
It didn’t take long for oil traders to get their answer. A ceasefire between the U.S. and Iran led to a significant relief bounce in the market on April 8. The expectation is rather clear. A truce between the U.S. and Iran will immediately calm the area and reopen one of the world’s most significant
Apple has not had many public labor fights, but its latest just got a lot harder to ignore. The company confirmed on April 9 that it will permanently close its store at Towson Town Center in Maryland in June. The store will not be replaced. The Towson location was the first Apple retail store in
Teachers, nurses, and government workers who spent years counting on a specific debt relief program just had the math change on them. Quietly, and without much warning. The Education Department changed how it calculates payment amounts for the Public Service Loan Forgiveness Buyback program on March 31, 2026. The program, which allows public servants to
Jamie Dimon’s annual shareholder letter has become one of the most closely watched documents on Wall Street over the last two decades of banking. The JPMorgan Chase CEO released his latest 48-page letter on Monday, April 6, and this year, its tone is noticeably sharper than in years past. Dimon flagged a collision of global