BNY and State Street announced intentions to increase shareholder payouts and continue share buybacks after successfully passing the Federal Reserve's annual stress tests. The unchanged stress capital buffer allows major banks like BNY, State Street, and US Bancorp to maintain or raise dividends and repurchase shares. Following these announcements, BNY, State Street, US Bancorp, Schwab, Capital One, and PNC experienced varied stock price movements in after-hours trading.

Huntington Ingalls Inc. (NYSE:HII) has secured a $44.1 million contract modification from the U.S. Department of War for additional work on the USS John C. Stennis aircraft carrier's refueling overhaul. The work, to be performed by the company's Newport News Shipbuilding division, is expected to be completed by October 2026. The contract includes a special incentive for schedule performance, with $15 million in fiscal 2026 funds being obligated at the time of the award.

Indiana American Water and the American Water Charitable Foundation have awarded an $80,000 grant to Riverscape for their Wabash River Blueway Expansion at Fort Harrison project in Terre Haute. This funding will support the design and construction of a new public kayak and canoe launch and greenway area, aiming to enhance community access to the Wabash River and promote environmental stewardship. The initiative is part of the Foundation's Keep Communities Flowing Grant Program, focusing on water-based recreation and conservation.

Granite Construction Inc. (GVA) has secured a $116.9 million contract from the Utah Department of Transportation for the West Davis Corridor expansion project. This significant infrastructure project involves extensive construction, including new bridges and pedestrian crossings. Despite this positive development, the company's valuation shows a high P/E ratio, and recent insider selling may warrant caution from investors.

A claim circulated online that JPMorgan Chase fired a diversity, equity, and inclusion executive, Angie Báez, for stealing a Knicks-themed trash can. While videos confirmed Báez stole the trash can during NBA Championship celebrations and a Chase spokesperson confirmed she was "no longer with the company," her role at Chase was not DEI-related, and it's unconfirmed if her departure was due to the incident or if she was fired. Báez returned the trash can and received two summonses for littering and impeding sanitation operations.

The resignation of Prime Minister Keir Starmer has brought renewed political uncertainty to the UK, though the initial market reaction has been contained. The key factor for investors will be whether the next Labour leadership team can reassure markets on fiscal discipline. While the FTSE 100, composed of large global earners, is expected to remain relatively resilient, small- and mid-caps (FTSE 250) are more vulnerable to domestic political risk and will require lower gilt yields, better confidence, and clear fiscal credibility for a sustained re-rating.

Corning Inc. (GLW) declared a quarterly dividend of $0.28 per share, maintaining its previous rate, which translates to a 0.54% forward yield. Despite this commitment to shareholders, the company's stock currently boasts a high P/E ratio of 98.48x, suggesting it is significantly overvalued. Insider activity shows substantial selling totaling $54.1 million over the past three months, with no insider purchases, raising questions for potential investors.

Atlanta Mayor Andre Dickens has issued a temporary moratorium on new self-storage developments, citing concerns that they generate little employment, contribute to traffic, and hinder commercial vitality in neighborhoods. This executive order aims to re-evaluate how land is used in Atlanta to prioritize housing, jobs, and community spaces, aligning with a proposed city council legislation for a 180-day moratorium and special permit process for such facilities. The executive order will be active until the next City Council meeting on July 6th, when the council will consider the moratorium.

D.R. Horton Inc (DHI) shares recently rallied 6.7% to $166.51. However, GuruFocus's GF Value™ indicates the stock is currently overvalued by 9.2% compared to its intrinsic value of $152.46. Despite a strong GF Score™ of 92/100, driven by high profitability and growth, its current P/E ratio of 15.6x is significantly above its historical median, suggesting potential risks for new investors due to a lack of margin of safety.

United Airlines Holdings Inc (UAL) shares rallied 7.4% to $130.54, reaching a 52-week high, but GuruFocus' GF Value™ indicates the stock is 66.7% overvalued at $78.30. Despite an Above Average GF Score™ of 79/100, driven by strong growth and profitability, its valuation score is low at 3/10, and insiders have sold $10.8 million in stock over the last three months, signaling potential overvaluation. Investors are cautioned due to the lack of a safety margin and elevated P/E ratios compared to historical averages.