Ingenious Stock Traders

The Supreme Court voted 6-3 against President Biden's student loan forgiveness plan!

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Apple stock climbed 1.5% to close at just over $188 on Tuesday, extending its gains for the year and putting the technology giant on the brink of a $3 trillion valuation.

The iPhone maker's market capitalization now sits at

$2.96 trillion. If its stock price climbs another 1.4% and stays there, it will become the first public company to be worth $3 trillion at the market close. The California-based firm has taken a huge step towards that milestone in 2023 thanks to its stock's 45% jump year-to-date.

That run has coincided with investors also piling into other Big Tech stocks like Nvidia and Meta Platforms, with the explosion of interest in artificial intelligence and ChatGPT sparking a sensational rally.

Tech stocks have also benefited from the Federal Reserve pausing its interest-rate hiking campaign for now. When interest rates rise, it becomes more attractive for investors to own bonds or keep their money in a high-yielding savings account, instead of

risking it by buying stocks. Apple's enormous market value puts it about $500 billion ahead of rival Microsoft. Saudi Arabian oil giant Aramco, Google parent Alphabet, and Amazon round out the list of the top five most valuable companies.

Reported by Insider

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Goldman Sachs has lost its ranking as the world's top mergers and acquisitions adviser for the first time in five years - with JPMorgan taking its place.

Boutique advisers Guggenheim and Centerview also jumped up the ranking for the first half, which comes during one of the worst periods for M&A in the last decade.

The last time Goldman ranked second for any half-year period was in 2018, and there have been only three times in the last two decades when Goldman wasn't No. 1 globally for a full year. Tap the link in our bio to see the full list, and how the rest of Wall Street is faring.

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