Russian sources say Ukraine is now mining roads in the land corridor to Crimea with drones.
Bank of America resets Marvell stock price target after earnings
Marvell (MRVL) stock closed the May 28 trading session up 3.09% at $204.03. The upbeat close followed the release of the first-quarter (Q1) fiscal year 2027 earnings report on May 27. The stock has rallied 141% year to date, as of Friday morning, May 29. Meanwhile, the SPDR S&P 500 index (SPY) is up about 10.66% in the same period.The fabless semiconductor giant has outpaced the S&P 500, thanks to its participation in the broader semiconductor rally driven by the AI boom.Positive news driving Marvell’s stock includes:Strong fourth-quarter (Q4) fiscal 2026 earnings report in MarchAmazon’s extension of its partnership with AnthropicMarvell’s acquisition of Polariton TechnologiesIntel’s first-quarter earnings boost confidence in the semiconductor sectorNvidia invested $2 billion and entered into a partnership with MarvellAMD invested $6.5 million in MarvellAnalysts have been resetting their price targets just before earnings, as the expectations were high. Now that the earnings have dropped, Bank of America has tweaked its price target again.Key facts from Marvell’s Q1 earnings reportMarvell reported record revenue of $2.418 billion, up 28% year over year (YoY). GAAP and non-GAAP gross margins were at 52.1% and 58.9%, respectively.The company has a vast portfolio of products that spans computing, including custom AI chips (XPUs), optics, networking, storage, and security.Probably the most important products in Marvell’s portfolio are Data Center Interconnect (DCI) Modules, which are used to transmit data over regional fiber networks.Chairman and CEO Matt Murphy touted the growth of the interconnect module sales during the earnings call.“The increase in our revenue outlook continues to be driven by our data center business, which we now expect to grow approximately 50% this fiscal year. Notably, we expect our interconnect business to grow more than 70% [YoY], well above our prior expectation of 50% growth.”
Marvell reported record revenue of $2.418 billion, up 28% year over year.Shutterstock
Marvell provided guidance for Q2:Net revenue of $2.700 billion +/- 5%GAAP gross margin in the range of 52.1% to 53.1%GAAP diluted net income per share of $0.37 +/- $0.05 per shareThe company also raised its fiscal year 2028 revenue outlook, now expecting 45% YoY growth to $16.5 billion. This is approximately $1.5 billion higher than the prior outlook.Bank of America raises Marvell stock price targetIn a research note shared with me, Bank of America analyst Vivek Arya and his team updated their opinion on Marvell stock.The team noted that the company beat and raised again, as the optics business continues to grow.Analysts raised their fiscal year 2027, 2028, and 2029 pro forma EPS estimates by 6%, 9%, and 29%, respectively, to $4.06, $6.11, and $10.02. They noted that their model suggests Marvell’s pro forma EPS could be 2.5x by 2028 and nearly 4x by 2030.More Tech Stocks:Bank of America resets Amazon stock forecast on key product launchBank of America resets Microsoft stock forecast after earningsBank of America resets Google stock forecast after key eventArya said the outlook of $10 billion in XPU sales for fiscal year 2029 provided by Marvell’s management is reasonable. However, he noted that the company’s free cash flow margin, which is in the 20% to 25% range, is below that of other high-growth AI peers, such as Nvidia, Broadcom, Credo Technology, and Astera Labs, which are in the 35% to 50% range.Arya reiterated a buy rating for Marvell stock and raised the price target to $240 from $200.Of 38 analyst ratings, 32 rate Marvell a buy and six a hold, with an average price target of $208.64, according to MarketBeat.Bank of America analysts noted downside risks for Marvell:Loss of visibility in key custom Application-specific integrated circuit (ASIC) projectsCompetition in AI computeCyclical industry risks, including a potential slowdown in legacy storage, enterprise networking, and carrier marketsUpside risks:Faster-than-anticipated ramp/visibility in major custom ASIC projectsContinued growth in the DSP-based pluggable market versus new LPO/LRO techsShare gains in emerging AEC/CPO/scale-up switch markets against incumbentsRelated: 5-star analyst sets jaw-dropping Nvidia stock price target
How to Start Small Investing in Gold
It’s never too late to bulk up your retirement savings, and that includes adding gold to your investment portfolio.
Getting exposure to precious metals can increase your diversification, and doing so doesn’t require buying physical assets. If you’re in your 50s, small investments in a gold exchange-traded fund (ETF) can make sense — as long as you know the risks. Here’s what to know before investing in gold if you’re over age 50.
Where People Are Buying Gold Right Now
American Hartfold Gold – Get an free investor kit, plus see if you qualify for $25,000 in free silver
American Silver & Gold – Free account set up, free insured shipping and free storage for up to 5 years
Explore gold exposure with a gold ETF — Public’s investing app can do this for you
Gold-buying mistakes to avoid
While gold investing can offer portfolio diversification and an inflation hedge, there are mistakes you can make that increase your portfolio’s risk. That can be especially stressful for people in or nearing retirement.
One error is aggressively buying gold at the expense of other assets. While gold comes with benefits, financial advisors tend to recommend it not make up more than 5-10% of your overall portfolio. Traditional assets like stocks and bonds also have many attributes that can help you build wealth for retirement.
Another mistake is not considering the cost of owning physical gold, including for storage and insurance. If you do opt to buy physical gold, you should also verify its authenticity.
And as with all investments, don’t let emotions guide your investing. Gold’s price can be volatile in the short term, but you should avoid panic selling when the price drops (or aggressively buying when it rises).
How to get gold exposure
If you’re not buying physical gold and instead investing via ETFs, dollar-cost averaging will let you build your gold positions over time and capitalize on any dips. This strategy involves investing a set amount of money at regular intervals.
When it comes to portfolio allocation, you don’t have to rush to 5-10% allocation right away, and not every investor wants to be in that range. You can start with small allocations that get you closer to 1% to 2% of your portfolio.
Investors can buy gold ETFs for a simple way to get exposure. However, there are also recognized bullion dealers and online platforms that let people accumulate physical gold.
Where People Are Buying Gold Right Now
American Hartfold Gold – Get an free investor kit, plus see if you qualify for $25,000 in free silver
American Silver & Gold – Free account set up, free insured shipping and free storage for up to 5 years
Explore gold exposure with a gold ETF — Public’s investing app can do this for you
How to fit gold into an existing portfolio
You shouldn’t upend your entire portfolio just to prioritize gold. Precious metals work well with stocks, bonds and other assets in creating a fully diversified portfolio. Older investors tend to become more risk-averse as retirement gets closer, but it’s still best to have a mix of assets. A portfolio with stocks, bonds, cash and gold can reduce volatility while providing cash flow and growth potential.
Each asset has strengths and weaknesses. Although gold is a valuable inflation hedge and a safe haven asset, it does not provide cash flow. Bonds and dividend stocks can provide the cash you need, while your gold position offers an extra layer of protection from market uncertainty. And just remember: You haven’t missed the boat if you are just getting started with gold in your 50s.
Where People Are Buying Gold Right Now
American Hartfold Gold – Get an free investor kit, plus see if you qualify for $25,000 in free silver
American Silver & Gold – Free account set up, free insured shipping and free storage for up to 5 years
Explore gold exposure with a gold ETF — Public’s investing app can do this for you
DirecTV customers threaten to cancel service after latest notice
DirecTV may soon see more customers cancel their service due to its latest announcement, which is sparking frustration.The company is already navigating a challenging environment, as the rapid growth and popularity of streaming services continue to disrupt the television industry. It has experienced a mass exodus of customers over the past few years, as many are choosing streaming services such as Netflix, Hulu, and PlutoTV for entertainment.A recent survey from Adtaxi found that more than 70% of U.S. adults use streaming as their primary way to watch TV, while only 10% default to cable TV. “This is a moment the media industry has been moving toward for years,” said Murry Woronoff, director of research at Adtaxi, in the survey release. “Streaming is no longer an emerging channel. It is now the foundation of how we consume content.Amid this growing trend, cable and satellite TV providers lost roughly 976,000 customers in the first quarter of 2026, according to a recent MoffettNathanson report, which was shared with TheStreet. Specifically, DirecTV lost 222,000 during this time period.DirecTV customers will soon have to shell out more moneyDespite recent customer losses, a new report from Cord Cutter News revealed that DirecTV is rolling out a new set of price increases that will take effect next month.On June 25, DirecTV’s genre packs will go up in price. The company’s MyEntertainment package will increase from $34.99 per month to $42.99, while MyKids will increase from $19.99 to $20.99.MyNews, currently $39.99, will increase by $5. My Sports will climb from $64.99 to $74.99, and the new monthly price of MiEspanol will be $37.99, up from $34.99.Related: DirecTV plans controversial change for customers amid strugglesDirecTV’s premium packages, such as Entertainment, Premier, Ultimate, and Choice, are also increasing; however, the company hasn’t shared the new pricing. DirecTV instead told Cord Cutter News that the new prices will vary by package and customers will be notified of the details.The monthly prices of DirecTV’s Signature packages will also spike, but details of the new pricing are also absent. DirecTV’s latest move comes after it raised prices for its satellite TV and streaming services in October last year, with increases ranging from $1 to $11. In February, it also hiked the prices of several of its legacy cable TV packages by $9 to $10, impacting those who weren’t affected by the October price increases.
DirecTV price increases will take effect next month.Shutterstock
DirecTV customers threaten to leave over pricing frustrationsSome customers are taking to social media platform Reddit to share that they are seeing price increases of as much as $14.In an email sent to one DirecTV customer, the company said the monthly price for its Premier package is increasing by $14, a change it claims is due to “ongoing increases in programming and operational costs across the television industry, including expenses related to live sports rights, local broadcast stations, and network content.”In response to the latest round of price hikes, some DirecTV customers threatened to cancel their service. More Telecom News:T-Mobile drops 2 new phone plans to stop customers from fleeingVerizon CEO shifts gears after 2.25 million customers departAT&T closes billion-dollar acquisition to win back customers“I understand pricing increases are part of change with companies based off operational needs and such… but this is utterly disgusting,” wrote one DirecTV customer in a Reddit post. “…I’m disgusted, for being a customer for years, now paying almost $190 up to $200 a month??? Done. Goodbye.”“Welp this will be getting cancelled. At almost $50 I may as well just make the jump in cost to YouTube TV and get better quality and all the channels. They really screwed up on this one – bad,” wrote another customer. “Yeah….I am canceling the service tomorrow. There are barely any good shows on tv nowadays. I love my TCM channel but it’s not worth these high prices anymore,” wrote another.It is no surprise that customers are planning to pull the plug on service due to the upcoming price increases, as cost is the top reason for streaming and cable TV cancellations, according to a recent survey from CableTV.com. How many Americans cancel TV services due to rising prices:The average streaming bill is $30 per month, while the average cable bill is $147 per month.Roughly 43% of Americans said cost is the primary reason they cancel a streaming service.Also, nearly 50% of cable TV customers would cancel their service if prices increase.
Source: CableTV.com
“Digging into the data, TV services that deliver clear value, smart bundling, and must-have content (such as live sports, exclusive shows and movies, and niche genres) alongside budget-friendly prices will keep customers who otherwise actively manage subscriptions by cancelling, rotating, and bundling services,” wrote TV, streaming, and internet expert Trevor Wheelwright in the CableTV.com survey release.Related: Spectrum suffers heavy loss as customers ditch service
What would cause the Fed to hike rates this year? The answer might surprise you.
Later this month, the Kevin Warsh-led central bank will start preparing a possible pivot to tighter policy.
Ripple said to lead $1 billion XRP treasury raise: Report
The planned vehicle would be the largest XRP-focused digital asset treasury yet, even as investor appetite for token accumulation stocks has weakened after the recent crypto selloff.
Dave Ramsey delivers blunt words on family financial betrayal
A verbal promise to cover college tuition can feel like a guarantee when a teenager is choosing where to enroll. For one 26-year-old New York resident earning six figures, that promise dissolved into $65,000 in student loans he never planned to take on. The caller, known only as Ash, reached out on The Ramsey Show podcast for help navigating the financial and emotional fallout. He told host Dave Ramsey he believed his mother would cover education costs, only to learn the debt was entirely his responsibility.Ramsey responded with the kind of blunt honesty that has defined his media career and drawn millions of listeners over three decades. He told Ash the situation was already settled and that revisiting the issue with his mother was a completely pointless exercise.Ramsey tells a $100,000 earner to stop revisiting broken promisesAsh told Ramsey that conversations with his mother about the loans always turn emotional and end without any movement toward repayment, Benzinga reported. She responds by listing everything she has done and pointing to his salary as evidence that the monthly payments should not bother him at all.“You make so much money,” Ash recalled his mother saying. “I don’t think a $1,000 installment should hurt you that much.” Ramsey dismissed the deflection and told Ash his mother was never going to pay and did not care about his feelings on the matter.“I’m not going to give her access to my feelings anymore,” Ramsey said, framing how Ash should approach the topic going forward. “So I’m not going to talk about it with her ever again. She’s not going to pay it. You are”. He encouraged the caller to stop reopening the conversation and accept that the $65,000 balance is fully his responsibility to pay down.Ash shared that he holds approximately $20,000 in savings and another $20,000 in investments, while spending roughly $4,000 each month in New York City. Student loan debt in America tops $1.84 trillion and keeps climbingAsh’s situation is common in a country where total student loan debt has reached approximately $1.84 trillion, held by 42.8 million federal borrowers, according to the Education Data Initiative. Undergraduates who attend public colleges typically graduate with about $27,420 in debt, compared with $34,420 at private institutions, Credible noted. Graduate school borrowers push the national average sharply higher, with balances that routinely exceed six figures.More Personal Finance:Fidelity has a warning for anyone who left a 401(k) at an old jobLiving trusts: what they do and who needs oneFidelity sounds alarm on 401(k)s, IRAs Higher education expert Mark Kantrowitz estimated that federal undergraduate loan interest rates could reach 6.52% for the 2026-27 academic year, CNBC reported. Every $10,000 borrowed at that rate translates to roughly $113 in monthly payments on a 10-year repayment plan, Kantrowitz calculated.Borrowers aged 35 to 49 collectively hold the largest share of outstanding student loan debt in the United States, holding six times the amount owed by those aged 62 and older. That concentration shows how education debt can follow families for decades when repayment stalls, WalletHub reported in its 2026 analysis.
Student loan debt hits record highs, with millions of Americans facing long repayment timelines and rising interest costs across generations.Srdjanns74/Getty Images
Ramsey compares unreliable family promises to dogs that cannot climb treesWhen Ash mentioned his mother had proposed a partial repayment plan, Ramsey dismissed it and warned against trusting any future commitments from her. “She’s a dog. She ain’t going to climb a tree, dude. Squirrels climb trees,” He said on The Ramsey Show podcast.Ramsey suggested the original promise may never have been financially realistic or backed by any savings plan in the first place. “She probably doesn’t have it either, by the way. It was probably wishful thinking, and it sounded like a nice thing to say,” he explained.Taking care of our mental and physical health is of the utmost importance. Most frequently, women do the bulk of family care, and not to be morbid, but we live longer. We can’t help ourselves or anyone else if we are falling apart. You have to take time for yourself, to rest, to take a break, to breathe, and attune to what your body needsFinancial therapist Aja Evans, president of the Financial Therapy Association, has noted that family money conflicts often trace back to deeper emotional patterns formed early in life. “A lot of our money beliefs stem from experiences that occurred during our childhood,” Evans explained in an interview with Zenith Wealth Partners.Ramsey called depending on informal financial promises from family members “a dumb idea” that frequently strains the relationships it was meant to protect. New federal loan caps add urgency to family education funding conversationsRamsey closed the segment by noting that calls like Ash’s arrive frequently, suggesting the problem extends well beyond one family or one podcast episode, Benzinga reported. He said parents who fail to follow through on education cost promises contact his show far too often to treat it as a rare occurrence.The federal student loan system faces significant changes in the 2026-27 academic year, with new Parent PLUS loan caps taking effect in July 2026. Under the One Big Beautiful Bill Act, Parent PLUS loans will be capped at $20,000 annually and $65,000 total, ending unlimited borrowing, Kiplinger reported.Those new constraints make upfront financial planning and written agreements between parents and students significantly more consequential going into the next academic cycle. Families that rely on vague verbal commitments risk leaving students in the same difficult position that Ash described on the podcast.For the millions of American families negotiating who pays for college, the lesson from this exchange carries real financial weight and urgency. As Ramsey and Evans both emphasized, verbal financial commitments among family members without written documentation leave students vulnerable when tuition comes due.Related: Dave Ramsey confronts a retiree’s toughest emotional trap
‘I have no preexisting conditions’: I’m 56, earn $198,000 and want to retire early. Can I afford private healthcare?
“I’m trying to figure out whether it’s worth my while achieving FIRE.”
Elizabeth Warren has bold new plan to tax AI companies
There is a point where a number gets so large it stops feeling real. A billion dollars is hard enough to picture. Five trillion is just noise.That is roughly what one company is now worth. Nvidia (NVDA), the chipmaker whose hardware runs almost every major artificial intelligence (AI) system, became the first company in history to touch a $5 trillion market value, according to CNBC. By this month, it had pushed past $5.5 trillion, worth more than the economic output of every country on Earth except the United States and China, reported 24/7 Wall St.Most of that value sits with a small group of founders, executives, and early investors. The chatbot you use for free did not make you richer. Your electricity bill, on the other hand, has probably gone up, partly to power the data centers behind the boom.That gap is exactly what one senator wants to close. Sen. Elizabeth Warren (D-Mass.) is calling for a sweeping change to the U.S. tax code aimed squarely at the AI industry, arguing the gains from the technology should reach ordinary households and not just the wealthy few.What Elizabeth Warren wants to taxWarren laid out the case in an op-ed for Time magazine, where she argued the country should start taxing AI and putting the money back into workers and families.Her central idea is an excise tax on the energy that AI data centers consume, designed to scale with size. As Warren wrote, “the bigger the data center, the more they pay.”More AI:Micron sits at the center of a red-hot chip rallyIBM CEO sends blunt message on AI and quantum computingAnthropic CEO makes shocking admission about AIThe logic is straightforward. Data centers are driving up demand for electricity, and households are absorbing part of the cost through higher utility bills. An energy tax would let families recoup some of that money, the senator argued, according to The Hill.Warren has long pushed for a federal wealth tax, and she named AI leaders including OpenAI’s Sam Altman and Amazon (AMZN) chief Jeff Bezos. She also took aim at tax rules that reward companies for buying equipment instead of hiring, calling the current setup “a tax penalty for hiring human beings,” according to The Hill.She floated bolder proposals too, including ideas she admitted sound radical today, though she stopped short of spelling them out. Even Altman has suggested giving citizens a stake in AI’s growth through a public wealth fund, but his version asks far less of the industry than Warren’s does.
Sen. Elizabeth Warren is proposing a new tax on AI firms and their data centers.Photo by Bloomberg on Getty Images
Why your power bill is tied to the AI boomThe reason Warren keeps pointing at data centers is that they have become some of the hungriest electricity customers in the country, and that demand lands on the same grid that powers your home.Researchers at North Carolina State University and partner schools found that data center and crypto demand could raise electricity costs by as much as 57% in some regions by 2030, with a national average increase of 6% to 29%, according to NC State. Related: The pros and cons of using AI for your taxesLead author Jeremiah Johnson said U.S. power demand “was relatively flat for almost 20 years.”That run is over. Goldman Sachs analysts expect household electricity prices to climb another 6% through 2027, with data center growth a key reason, reported CNBC.When I lined up Nvidia’s market value against national economies using International Monetary Fund data, the scale of what Warren is targeting came into focus. This is not a normal company being asked to pay a normal tax.Nvidia’s market value tops the annual gross domestic product of Japan, based on IMF World Economic Outlook data.It exceeds the output of India, which is home to more than 1.4 billion people, the IMF noted.Only the U.S. and China produce more in a year than Nvidia is worth, reported 24/7 Wall St.Nvidia runs on roughly 36,000 employees, a fraction of the workforce behind any of those economies, according to Visual Capitalist.What an AI tax would mean for your moneyIn my analysis, the part that matters most for your money is not the politics. It is the question of who pays for the AI buildout, and whether that bill keeps quietly showing up in places you never agreed to.Start with what you already own. If you hold an index fund or a 401(k), you almost certainly own a slice of Nvidia and the other AI giants. Their gains have lifted your retirement balance. A new tax on their data centers could squeeze margins and rattle valuations that already look stretched, which is one reason short-sellers like Michael Burry have started betting against the trade.Then there is your paycheck. Warren ties the AI boom to layoffs in some sectors, and the tax rules she wants to rewrite currently make machines cheaper to deploy than people. If that math does not change, the pressure on jobs doesn’t, either.And there is the bill on your kitchen counter. The same data centers powering your kid’s homework helper are pushing your electricity rate up. Warren’s plan tries to hand part of that cost back to you instead of leaving it on your monthly statement.Whether any of this becomes law is a long shot in a divided Congress that has struggled to pass even basic AI rules. But Warren has put a price tag on a question voters are already asking.With electricity costs shaping races from New Jersey to Virginia, expect more politicians to start asking who should pay for the machines: you, or the companies worth more than most of the planet?Related: IRS issues harsh warning about AI and taxes
Yankees Legend Sends Rafael Devers Message Amid Giants Struggles
The New York Yankees’ infamous slugger singled out the San Francisco Giants’ first baseman as concerns mount.