The Daily

On May 23, 2025, in a significant decision with implications for future short-swing trading claims, the United States Court of Appeals for the Second Circuit Court affirmed two district court decisions holding that a controlling shareholder’s sales of an issuer’s common stock cannot be matched with the issuer’s repurchases of its common stock for purposes of Section 16(b) of the Securities Exchange Act (“Exchange Act”).

 » Read more about: Second Circuit Keeps Narrow Scope Of Short-Swing Trading Claims Arising Under Section 16(b)  »

Earlier this year, the White House announced plans to garnish Social Security benefits from those delinquent on their student loan payments. This plan was part of a broader initiative to begin collecting student loans that had been largely in forbearance since the pandemic.

How many seniors could be affected?

 » Read more about: The good news didn’t last long: Social Security checks will once again be garnished for unpaid student loans starting this summer  »

It’s an interesting time to be a Tesla (TSLA -3.21%) shareholder. CEO Elon Musk has stepped away from his leadership role in President Trump’s Department of Government Efficiency (DOGE) cost-cutting effort. The timing was presumably good, as Tesla is preparing to launch its robotaxi technology in Austin.

 » Read more about: Why Tesla Stock Plunged Today  »

Even with the recent stock drop, Uber remains in a strong position: 

Revenue Growth: In 2024, Uber earned around $43.9 billion in revenue, with nearly $10 billion in net income. 

Diversified Business: Besides ride-hailing, Uber is growing its food delivery (Uber Eats) and advertising businesses.

 » Read more about: Uber Stock: What Tesla’s Robotaxi Reveal Might Mean for It?  »

Dive Brief:

• Tesla CFO Vaibhav Taneja made two sales of company stock this week in his latest offloading of company shares, selling approximately $2 million on June 2 before selling $342,690 in shares on June 3, according to company filings.  
• The sales — Taneja’s fourth and fifth sales over a three-month period,

 » Read more about: Tesla CFO offloads over $2M in stock as EU sales tumble  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: Analyst on Tesla (TSLA): Elon Musk’s Political Involvement Did ‘Deep, Permanent’ Damage  »

Tesla (TSLA) stock slumped Wednesday in the immediate fallout of the very public policy blowout between President Trump and Tesla CEO Elon Musk, which Musk himself amped up on Wednesday.

“Call your Senator, Call your Congressman, Bankrupting America is NOT ok! KILL the BILL,” Musk posted on X.

 » Read more about: Tesla stock slumps as Musk ramps up attacks on Trump's 'big, beautiful' bill: 'KILL the BILL'  »

 » Read more about: Cathie Wood Dumps Another $5.2 Million Of Palantir Stock Amid Trump Administration-Linked Surveillance Controversy  »

 » Read more about: US Stock Markets Live: Merck & Co, Apple Inc, and Visa lead gains on Dow Jones  »

Stock futures are near flat Wednesday night after the Dow Jones Industrial Average snapped a four-day win streak.

Futures tied to the Dow edged 23 points lower, or less than 0.1%. S&P 500 futures slipped 0.07%, while Nasdaq 100 futures lost 0.06%.

In after-hours trading,

 » Read more about: Stock futures are little changed after Dow snaps four-day winning run: Live updates  »