Markets
markets
Luke Kawa

Snap surges on positive r/WallStreetBets chatter as users hope for potential acquisition

While Snap initially took a hit on reports that the US and China had reached the framework for an agreement to maintain TikTok’s presence in the US, that news didn’t even keep the stock down for a day.

Indeed, Snap has been on a bit of a tear lately — putting together a six-session winning streak before Friday’s swoon — in which the stock gained nearly 17%. And shares of the social media company are up again big this morning, thanks seemingly in no small part to the retail traders that populate Reddit’s r/WallStreetBets.

SNAP is the ticker with the most mentions (and the most positive mentions) on the subreddit over the last 12 hours, per data from SwaggyStocks, with many users reportedly positioned bullishly via options.

SwaggyStocks top trending on WSB
Source: SwaggyStocks (as of 6:53 a.m. ET 9/22/25)

Five-day average volumes in SNAP have surged to a record high as of Friday, as some users on the subreddit speculate that the beaten-down social media company might make for an attractive acquisition target.

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Luke Kawa
8/17/26
Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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