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Wall Street's $200 billion IPO wave threatens sell-off
TheStreet31d agobearish
Wall Street's $200 billion IPO wave threatens sell-off

SpaceX, Anthropic, and OpenAI are collectively moving toward public offerings that could rank among the most valuable stock sales ever completed. The flood of new shares entering the market creates selling pressure on stocks that investors already have in their portfolios. Academic research ...

Alcoa shares fall after announcing $4.1bn acquisition of South32 assets (AA)
InvestorsHub35d agobearish
Alcoa shares fall after announcing $4.1bn acquisition of South32 assets (AA)

Alcoa expands upstream portfolio with major South32 dealShares of Alcoa Corporation (NYSE:AA) declined nearly 5% in pre-market trading on Wednesday after the aluminium producer agreed to acquire South32’s bauxite, alumina and aluminium operations in a transaction valued at $4. 1 billion.

Galloway drops grim take on SpaceX IPO danger
TheStreet35d agobearish
Galloway drops grim take on SpaceX IPO danger

SpaceX went public on Nasdaq on June 12 with a $75 billion raise and a valuation that eclipsed every initial public offering in history. The stock surged 19% on its first day of trading, closing at $160.95 and briefly trading near a $2.25 trillion intraday valuation before paring gains to finish ...

Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit
24/7 Wall St.37d agobearish
Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit

U.S. telecom and media giants are moving in opposite directions in midday trading. Comcast (NASDAQ:CMCSA) stock is up 7% to $24.76, while AT&T (NYSE:T) stock is down 5% to $21.52, and Verizon (NYSE:VZ) stock is down 7% to $43.29. The split reflects three distinct catalysts hitting the sector at once. Comcast is rallying on a ... Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit

OpenAI IPO delay sends AI tokens crashing
TheStreet39d agobearish
OpenAI IPO delay sends AI tokens crashing

Cryptocurrencies tied to decentralized artificial intelligence sold off on June 26 as reports surfaced that OpenAI is leaning toward delaying its initial public offering (IPO). As per The New York Times, the maker of ChatGPT is reportedly planning to hold off until next year. People ...

Bloomberg40d agobearish
SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay

(Bloomberg) -- SoftBank Group Corp.’s stock fell by 12% on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetApple Shares Sink After Price Hikes Hit iPads and MacsStocks Whipsaw as Micron Surges While Apple Sinks: Markets WrapShip Struck in Hormuz as Oil Supertankers Turn Back AgainGrand Ole Opry House Up For Sale by Owner Ryman Hospital

ON Semiconductor Joins ‘Edge AI’ Market With $7 Billion Acquisition. The Stock Falls.
Barrons.com40d agobearish
ON Semiconductor Joins ‘Edge AI’ Market With $7 Billion Acquisition. The Stock Falls.

ON Semiconductor has agreed to buy internet-of-things company Synaptics as it vies to bring artificial-intelligence from data centers into the physical world. Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share in the all-stock deal, representing an enterprise value of around $7 billion. Onsemi stock dropped 8.3% to $108.85 in after-hours trading Thursday.

‘He Learned the Wrong Lesson’: Why the SpaceX IPO Windfall Is a Trap for Everyday Investors
24/7 Wall St.41d agobearish
‘He Learned the Wrong Lesson’: Why the SpaceX IPO Windfall Is a Trap for Everyday Investors

A friend of Paula Pant’s bought SpaceX (NASDAQ:SPCX) at $171, sold at $191, and walked away with roughly $400 to $500 in profit. Then he walked away convinced that stock-picking is easy. On a recent Afford Anything Q&A, financial commentator Joe Salci summed up the problem in four words. “He learned the wrong lesson,” Salci ... ‘He Learned the Wrong Lesson’: Why the SpaceX IPO Windfall Is a Trap for Everyday Investors

Short sellers are coming after SpaceX as it sheds post-IPO gains
Yahoo Finance Video41d agobearishVIDEO
Short sellers are coming after SpaceX as it sheds post-IPO gains

Scott Melker discusses the trading volatility and short activity around SpaceX (SPCX) — the Elon Musk-led company's stock shedding its post-IPO gains — especially as it issues its first debt sale since going public. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.