Daily focus: United States, leader in capital raising
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Bitcoin and Ethereum prices today, Monday, May 11, 2026: Bitcoin’s strongest opening in months
Bitcoin (BTC-USD) opened at $82,164.43 on Monday, the strongest opening price since January 31. At 7:16 am ET, the price of bitcoin dropped to $80,971.89. Ethereum (ETH-USD) opened at $2,369.40 on Monday, the highest opening price since April 27. Ethereum price dropped this morning and was $2,331.11 at 7:16 am ET. All markets are processing…
Applied optoelectronics soars 24%, Lumentum jumps 17%, Coherent rallies 13% as optics trade catches fire
Quick reading Applied Optoelectronics (AAOI) shares rose on strong Q1FY26 earnings, indicating 51% year-over-year revenue growth driven by demand for 800G transceivers for AI data centers. Lumentum (LITE) shares rose as the company’s fiscal third-quarter guidance projects more than 85% year-over-year growth, extending a historic rally in optical networking components. Coherent (COHR) stock rallied on…
GM agrees to California privacy settlement over sale of driver data
General Motors (GM) has agreed to pay $12.75 million to settle a lawsuit in California alleging it sold the personal and driving data of OnStar subscribers without proper disclosure or consent. OnStar is GM’s subscription-based offering for in-vehicle safety. The lawsuit was filed by the California Attorney General and district attorneys representing Los Angeles, Napa,…
Wingreens of India seeks “pesticide-free foods” with the purchase of Safe Harvest
India-based Wingreens has acquired local food company Safe Harvest, which specializes in “pesticide-free” products. Financial terms of the stock exchange transaction were not disclosed. The deal adds Safe Harvest to a portfolio of brands that already includes Wingreens Farms and Raw Pressery. In a statement today (May 11), Wingreens described the move as a “transformative…
Barclays and Houlihan Lokey top Q1 2026 financial services M&A advisor rankings
Barclays was the leading financial advisor in financial services M&A during the first quarter of 2026 by transaction value, while Houlihan Lokey was ranked first by number of transactions, according to the latest GlobalData ranking. Data from GlobalData’s financial offerings database showed Barclays advised on transactions worth $31.4 billion in the quarter. Houlihan Lokey worked…
Something surprising is happening after the S&P 500’s record run
The S&P 500’s (^GSPC) record run has some bumps in it that appear to be increasing. On Friday, the S&P 500 closed 7.7% above its 50-day moving average, but only 52% of its constituents closed above their own 50-day moving average, BTIG strategist Jonathan Krinsky noted in a new note. Over the past 30 years,…
MCF buys Kentucky wealth manager Hoff Bujnoch & Associates
MCF Advisors, a registered investment advisor based in Kentucky, has expanded its presence in the national market with the purchase of Hoff Bujnoch & Associates (HBA). Headquartered in Newport, Kentucky, HBA manages approximately $250 million in assets. The company is headed by Digger Bujnoch. The purchase increases MCF’s presence in Northern Kentucky and expands its…
This AI stock is crushing Nvidia in 2026. It’s still a buy after soaring 240% this year, according to Wall Street.
NVIDIA (NASDAQ: NVDA) remains the center of the artificial intelligence boom, but the stock is up just 15% in 2026, both because investors worry that the current pace of AI spending is unsustainable and because they question the durability of Nvidia’s dominance in the AI infrastructure market. Meanwhile, Digital Ocean (NYSE: DOCN) is a little-known…