Major Stock Indexes Fall to Begin Week; AI-Tied Shares Continue to Weigh on Nasdaq

Why Middle-Class Retirees Still Worry Despite COLA Increases

37 minutes ago

Retirees now know the Social Security COLA for next year is 2.8%. Payments reflecting the increase begin in January 2026, but the modest bump of $56 per month, on average, won’t likely quell deeper concerns about the program among.

Many retired workers fear that their actual costs are rising faster than the adjustment, while those still in the workforce grapple with larger fears that Social Security won’t be there when they need it.

The Transamerica Center for Retirement Studies’ new report on the American middle class finds that almost half of those in their 50s and 60s list “Social Security being reduced or ceasing to exist” among their greatest retirement fears, with 4 in 10 expecting the program to be their primary source of income. That reliance, combined with years of headlines about solvency issues and policy debates, fuels persistent anxiety about retirement planning.

Then there are the anxieties about inflation. The annual COLA is designed to track rising prices, but many older households say it doesn’t reflect the prices they actually face (healthcare, transportation, housing, food, and utilities). Indeed, the Senior Citizens League estimates retirees have lost meaningful buying power since 2010, leading to widespread sentiment that 2.8% “isn’t enough” amid rising essentials. While COLAs certainly help, it can still feel like treading water for many.

Read the full article here.

–Adam Hayes

Tesla Stock Leads Nasdaq Gainers Following Upbeat Wedbush Note

1 hr 14 min ago

Tesla (TSLA) investors responded positively to the latest upbeat note by Dan Ives.

Shares of the EV maker jumped 4% Monday to lead Nasdaq gainers on a down day for the tech-heavy index following a note by Wedbush’s Ives, a Tesla bull.

Ives wrote that Tesla, which has a market capitalization of about $1.59 trillion, “could reach a $2 trillion market cap over the coming year and in a bull case scenario $3 trillion by the end of 2026…as full scale volume production begins of the autonomous and robotics roadmap. ”

Wedbush affirmed its “outperform” rating and $600 price target for the stock, which was trading around $477 late Monday morning, and touted the Elon Musk-led company’s Full Self-Driving (FSD) driver-assistance product.

“The AI valuation will start to get unlocked in the Tesla story and we believe the march to an AI driven valuation for TSLA over the next 6-9 months has now begun in our view with FSD and autonomous penetration of Tesla’s installed base and the acceleration of Cybercab in the US representing the golden goose for Musk & Co.,” the note said.

 With today’s gains, Tesla shares are up about 18% in 2025.

Roomba Maker iRobot Declares Bankrupty. Its Stock Is Plunging 70%

2 hr 17 min ago

Shares of iRobot (IRBT) plummeted over 70% Monday morning after the Roomba robot vacuum maker announced a Chapter 11 bankruptcy filing on Sunday.

The company said it plans to have one of its lenders and its primary contract manufacturer, a Chinese robotics firm called Picea, acquire 100% of its equity, with iRobot set to continue operating as a private company under Picea.

CEO Gary Cohen said the Chapter 11 filing and acquisition by Picea is a “pivotal milestone in securing iRobot’s long-term future” that will “strengthen our financial position and will help deliver continuity for our consumers, customers, and partners.”

Current Roomba users shouldn’t be impacted and their devices should work as normal, as iRobot said there is “no anticipated disruption to its app functionality, customer programs, global partners, supply chain relationships, or ongoing product support.”

A previous plan for iRobot to be acquired by Amazon (AMZN) faced increasing regulatory scrutiny in late 2023, with the deal falling apart when Amazon backed out in January 2024. At the time, iRobot replaced its CEO and said it would lay off 350 employees, about 30% of its workforce.

Read the full story here.

–Aaron McDade

Momentus Stock Plummets as Commercial Space Company Cancels Annual Meeting, Announces Reverse Split

3 hr 8 min ago

It’s never a good sign for a company’s shares when it announces a reverse stock split. Or cancels an annual meeting. Momentus (MNTS) did both Monday.

The San Jose, Calif.-based commercial space company announced “it has effectuated a 1-for-17.85 reverse stock split,” effective at 5 p.m. ET Wednesday. Momentus said its shares will continue to trade on the Nasdaq under the ticker symbol “MNTS,” and will begin trading on a split-adjusted basis at market open Thursday.

In addition, Momentus—which says it “offers commercial satellite buses, in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services”—canceled its special meeting of stockholders originally scheduled for Nov. 24, 2025 but was adjourned due to a lack of quorum until today.

Momentus shares plummeted nearly 30% to $0.59 each, near their 52-week low. The stock has lost more than 90% of its value this year.

Soccer Giant Juventus Stock Pops in Italy After Holding Company Rejects Tether Bid to Buy Entire Stake

4 hr 43 min ago

Shares of Juventus Football Club are soaring in Milan trading Monday. It has little to do with the team’s 1-0 win over Bologna yesterday.

Juventus stock popped 16% in recent trading after Exor, the holding company of the controlling Agnelli family, rejected stablecoin Tether’s all-cash proposal to purchase its entire stake in the club, which Tether said represents more than 65% of Juventus’ issued share capital.

On Friday, Tether said if Exor accepted its proposal, it intended “to proceed with a public tender offer for the remaining shares at the same price per share,” then would “invest 1 billion Euros in the support and development of the Club.”

However, on Saturday Exor said it “unanimously rejected” the proposal, and affirmed “its previous, consistent statements that it has no intention of selling any of its shares in Juventus to a third party.”

According to CoinMarketCap, Tether is the fourth-most-valuable cryptocurrency with a market capitalization of more than $186 billion.

Turin-based Juventus sits fifth in the 20-team Italian Serie A standings, seven points behind leader Internazionale. Juventus has won a record 36 Italian football championships.

Brad Jacobs Stepping Down From Chairman Roles at XPO, GXO Logistics

5 hr 38 min ago

Serial entrepreneur Brad Jacobs is a busy man. Now the QXO (QXO) chief executive and chairman has decided to more sharply focus his efforts.

Before the opening bell Monday, Jacobs—who has taken six companies public—announced he will be stepping down from his chairman roles at XPO (XPO) and its spinoff GXO Logistics (GXO), effective Dec. 31. He will serve as Senior Advisor to XPO through June 30, 2026.

“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity,” Jacobs said. “We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth. XPO and GXO are in excellent shape and their prospects are very bright.”

Shares of GXO and XPO declined a respective 2% and less than 1% before the bell. Those of roofing and waterproofing products maker QXO were little changed.

Stock Futures Point Higher to Begin Week

6 hr 34 min ago

Futures contracts connected to the Dow Jones Industrial Average pointed 0.5% higher.

S&P 500 futures also were up 0.5%.

Nasdaq 100 futures advanced 0.5% as well.