Aaron Rennie

1 week ago | investopedia.com | Aaron Rennie

Shares of Coinbase Global ( COIN) surged 11% to lead S&P 500 gainers Wednesday afternoon, a day after the Senate passed the GENIUS Act to set up federal boundaries for the use of stablecoins. The legislation would open the door for use of stablecoins-cryptocurrencies whose value is tied to another currency or financial asset such as the U.S. dollar-by banks, fintech firms, retailers, and others. It was the first major legislation approved by Congress dealing with the digital currency industry.

1 week ago | investopedia.com | Aaron Rennie

Shares of Scholar Rock Holdings ( SRRK) jumped nearly 15% in intraday trading Wednesday after the biopharmaceutical firm reported positive results from a weight-loss drug trial. The Cambridge, Mass.-based company said its apitegromab treatment "was generally well tolerated by participants" in a Phase 2 clinical trial in combination with tirzepatide, the blockbuster drug sold under the brand names Mounjaro and Zepbound by Eli Lilly ( LLY).

1 week ago | investopedia.com | Aaron Rennie

Shares of oil companies were some of the S&P 500's top gainers Tuesday as investors evaluated fresh developments in the conflict between Israel and Iran. West Texas Intermediate, or WTI, crude futures rose more than 4% in mid-afternoon trading to about $75 per barrel. Shares of Valero Energy ( VLO), APA ( APA), Marathon Petroleum ( MPC), Chevron ( CVX), Hess ( HES), and Occidental Petroleum ( OXY) increased by more than 2%, with Valero up 3.4%.

1 week ago | investopedia.com | Aaron Rennie

JetBlue Airways ( JBLU) CEO Joanna Geraghty wrote in a memo that the struggling carrier will be further cutting unprofitable routes among other cost-cutting measures amid weak travel demand, a report said.

1 week ago | investopedia.com | Aaron Rennie

MGM Resorts International ( MGM) shares surged over 6% in intraday trading Monday as the casino operator and London-traded firm Entain lifted their full-year outlook for their co-owned BetMGM sports betting and iGaming operator. "BetMGM's positive momentum seen during 1Q 2025 has continued for the period 2Q 2025 to June 13, 2025, with strong Net Revenue growth across both iGaming and Online Sports, driven by handle growth," MGM and Entain said.