As air conditioning now accounts for 7% of total electricity consumption, scientists have discovered a more eco-friendly way to reduce our dependence on AC: paint. The product developed by scientists in Singapore reflects sunlight and slowly releases water, similar to how the body produces sweat. The S&P 500 and Nasdaq 100 were little changed in a listless session ahead of the Juneteenth holiday. The Russell 2000 rose 0.5%. Markets gyrated following a Federal Reserve decision that left rates unchanged and a press conference that provided little illumination on the forward outlook. Trivia time… See how you fare in our weekly Snacks Seven Quiz. Here's the first question: |
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TKO was the second-best performer on the S&P 500 Wednesday, after the WWE and UFC parent got a bullish nod from Bernstein. The company's shares are up 68% over the past year, and resurgence in the live events business and the WWE's knack for turning its stunt-show-themed soap opera into a massive touring festival with a circus-like atmosphere are big reasons why. |
- In April, WrestleMania 41 became WWE's most watched and highest-grossing show ever.
- On-site merch sales are up 45% year over year and e-commerce revenue is up 86%.
- Bernstein also flagged the company's upcoming UFC media rights renewal as a major tailwind, suggesting the deal could top $1 billion annually as sponsorships continue to scale.
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Now listen, nothing's ever assured in wrestling, but the stock's doing great; the rock bottom for shares was all the way back in October 2002. |
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It's been an exciting performance from the combat and sports entertainment company, which is used to some death-defying days. The biggest one-day drop for TKO was either May 16, 2014, when the stock fell 43%, or June 28, 1998, when The Undertaker threw Mankind off Hell In A Cell and he plummeted 16 feet through an announcer's table. |
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Closing Soon: Own a Piece of the Future of Immersive Entertainment |
Virtuix is transforming virtual reality with its Omni treadmill — an innovative platform that lets users physically walk and run in 360 degrees through virtual worlds. Why investors are backing Virtuix: ✅ Explosive Momentum: $18M+ in product sales1, 400K+ registered players, and 3,000+ Omni One preorders2
✅ Expanding Beyond Gaming: Partnering with the U.S. Air Force to develop VR training systems
✅ Industry-Leading IP: 32 patents (24 issued, 8 pending)
✅ Star-Studded Support: $40M+ raised across all offerings from investors including Scout Ventures and Maveron Over $2.9M has already been raised in this round — and the window is closing soon. Learn more about a company developing VR technology with growing industry interest. Offering closes soon - invest in Virtuix.3 1 Lifetime product sales is since December 20, 2013. |
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Yesterday, we shared with our readers the insane rise of Regencell Bioscience, a stock that went through a 38-for-1 stock split and has surged, as of Monday, over 56,000% so far this year. The company, for those of you who missed yesterday's edition, generates zero revenue as it seeks to develop herbal medicine treatments for ADHD and autism. No one has benefited more from the stock's meteoric rise than the company's CEO, Yat-Gai Au. His 86% stake in the company was worth about $33.2 billion at market close on Tuesday. On Wednesday, Regencell suffered a nearly 19% drop, so as of market close Wednesday, he's worth just under $27 billion. It sounds bad to "lose" $6 billion in a day, but consider that in January, when the stock was a split-adjusted $0.13, Au's stake was worth just over $55 million (and it's not even close to the level of wealth lost in one day by Elon Musk earlier this month). Regardless, if we put him at an even $27 billion, he's tied for 75th place among the richest people in the world, based on the Bloomberg Billionaire Index. That's higher on the list than: |
- Peter Thiel, cofounder of Palantir and PayPal;
- Francois Pinault, the founder of Kering, parent company of Gucci and Yves St. Laurent;
- Christy Walton, who holds a 2% stake in Walmart;
- And James Dyson, inventor of the eponymous vacuum cleaners and fans.
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Sometimes you have to take big swings to take big profits: Regencell is largely self-funded by its CEO, and Au's majority stake means his fortune is very much tied to the stock's performance. According to the company website, he's put $9 million of his own money into the venture, and while the company itself has never made any money, he's seeing large returns on his investment, though it's uncertain whether this rally can last. |
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On Monday, American Express teased its "largest investment ever in a Card refresh" for its Platinum Card — a credit card that's become something of a status symbol for young users willing to shell out $695 a year for its many perks. The next day, JPMorgan Chase announced a revamp of its Sapphire Reserve, its rival lifestyle card, along with a whopping 45% hike in its annual fee. The war of perks |
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Explore your trading options. |
Cboe® index options are available now on Robinhood. Access large caps with SPX® or XSP®, its smaller counterpart, small caps with RUT®, and volatility with VIX® Index options. Enjoy the benefits of index options: diversification, cash settlement, and tax efficiency, all on one platform. Advertiser's disclosures: There are important risks associated with transacting in any of the Cboe® Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at https://www.cboe.com/us_disclaimers. |
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Yesterday's Big Daily Movers |
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- Two years ago, Elon Musk stood on stage with Tesla leadership to demonstrate its "significant bench strength." Today, a third of those execs have left the company
- Once more, with feeling: President Trump delayed the TikTok divest-or-ban deadline again
- Roblox's garden continues to grow as analysts significantly hike their price target
- BMO: Here's where to look for smoking growth in tech
- There could be Waymo cars in New York City soon
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- May leading indicators
- Earnings expected from Accenture, CarMax, Darden Restaurants, and Kroger
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Advertiser's disclosures:
² Preorders are non-binding expressions of interest and do not represent guaranteed sales. Actual conversion to revenue may vary based on fulfillment, customer demand, and other factors. Past performance is not indicative of future performance. ³ Please read the offering circular and related risks at the StartEngine webpage for Virtuix. This is a paid advertisement for Virtuix's Regulation CF Offering. This Reg CF offering is made available through StartEngine Primary, LLC. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. The amount raised may include insider investments, which may go toward meeting the minimum offering amount. Revenue growth was calculated using figures derived from preliminary unaudited internal information. FYE 2025 revenue primarily includes fulfillment of preorders originally sold in prior periods. This was a paid for ad. Sherwood Media has been compensated for this ad by the Virtuix Reg CF Campaign hosted on StartEngine. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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