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Medline Distribution Center Fire Creates Near-Term Headwind: Analyst

by Vandana Singh | Jun 12, 2026 | General

A fire destroyed a Medline Inc. (NASDAQ:MDLN) medical equipment warehouse in Tracy, California, on Thursday, sending thick black smoke into the air and prompting evacuations at nearby industrial facilities. The blaze broke out at the company’s 1 million-square-foot...

GameStop Didn’t Make Money With Its Bitcoin Bet—But It Will Try Again This Quarter

by Khyathi Dalal | Jun 12, 2026 | General

GameStop Corp. (NYSE:GME) has renewed a Bitcoin (CRYPTO: BTC) options arrangement with Coinbase (NASDAQ:COIN) after the first set of contracts expired worthless, extending a strategy that generated modest income but contributed little to the retailer’s record...

Standard Chartered ‘Winter Is Over’ For Bitcoin, But Three Things Need To Happen To Prove It

by Parshwa Turakhiya | Jun 12, 2026 | General

Standard Chartered Global Head of Digital Assets Research Geoff Kendrick called the crypto bottom Friday, saying Bitcoin’s (CRYPTO: BTC) drop to $59,000 marked the lowest point of this cycle and that crypto winter is over. Why Kendrick Thinks $59,000 Was The Low...

RH Could Rewrite Its Investment Narrative Over The Next Year, Analyst Says

by Lekha Gupta | Jun 12, 2026 | General

RH (NYSE:RH) stock fell more than 6% on Friday after the luxury home furnishings retailer issued weaker-than-expected second-quarter revenue guidance, overshadowing first-quarter results that topped Wall Street estimates and a higher full-year sales outlook. Earnings...

EXCLUSIVE: SpaceX Isn’t Chasing Profits — It’s Running ‘The Amazon Play,’ Index Expert Says

by Surbhi Jain | Jun 12, 2026 | General

As investors debate whether Space Exploration Technologies Corp’s (NASDAQ:SPCX) blockbuster valuation can be justified, one space economy expert says they may be focusing on the wrong metric. The bigger story isn’t that SpaceX isn’t profitable. It’s that the company...
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