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Chinese chipmaker ChangXin Memory Technologies (CXMT) is preparing for an IPO. Scott Melker explains how the crypto market is already offering pre-IPO trading. "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.
JOHANNESBURG, July 15 (Reuters) - Amazon's low-earth orbit satellite internet venture Amazon Leo has signed an agreement with South Africa's Herotel to launch a new broadband service aimed at connecting underserved rural communities, it said on Wednesday. Under the agreement, Herotel, South Africa's largest fixed internet service provider, will use Amazon Leo's satellite technology to offer a new service called evry, which is expected to launch commercially in 2027 for residential customers.
(Bloomberg) -- Wall Street banks, scouring every corner of the capital markets to finance the artificial intelligence buildout, have landed on a new pool of funds: US leveraged loans, which are clamoring for the transactions amid a dearth of buyout deals.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strik
SpaceX stock slid on Wednesday, breaching a crucial price level.
SpaceX (SPCX) shares slid on Wednesday, breaching a crucial price level.
SpaceX shares are on watch Wednesday morning after another down day for the stock, and a crucial level almost breached.
The bank hauled in $148 billion of net new assets in its wealth-management business in the second quarter, over half of which were tied to IPOs.
The historic SpaceX initial public offering was good for Morgan Stanley’s investment banking division. The firm’s wealth division also got a boost from IPOs. Morgan Stanley’s wealth division raked in $148 billion in net new assets in the second quarter, over half of which the firm said was related to IPOs of companies that use the firm’s workplace investing platform.
(Bloomberg) -- It’s not just Morgan Stanley’s IPO bankers that are benefiting from the frenzy of companies going public in recent weeks.The bank hauled in $148 billion of net new assets in its wealth-management business in the second quarter, over half of which were tied to IPOs, according to a statement Wednesday. SpaceX’s record-breaking listing earlier this year proved to be a field day for Morgan Stanley and its Wall Street peers that helped take it public. Elon Musk’s space and artificial-i
The bank reported adjusted second-quarter earnings of $3.46 a share, blowing past Wall Street forecasts thanks to a surge in investment banking revenue.
Morgan Stanley’s profit jumped 58% in the second quarter, echoing bumper results at other big banks from strong trading and dealmaking activity. The report follows a slug of big bank earnings yesterday, which together pointed to how market turmoil and artificial intelligence-driven investment have supercharged Wall Street’s biggest moneymakers. Morgan Stanley’s investment banking revenue increased 58% from the prior year to $2.44 billion.
Investors can gain exposure to the space boom through established defense contractors benefiting from Golden Dome spending without relying on SpaceX alone.
The rush for cash by some of the world’s largest companies is putting the long bull market at risk. SpaceX’s record $75 billion public offering. Investors have been cheering the raging bull market for years—three years and nine months, to be precise—with the S&P 500 having more than doubled during that period.
(Bloomberg) -- Three days of losses have brought SpaceX shares to the brink of falling below their initial public offering price, a key level that traders and investors watch to assess the health of new issues.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeTrump Shelves 20% Fee for Hormuz Cargo After Gulf Pressure'We Faltered': IBM Plunges Most Since at Least 1968 on MissA Cocaine Bust in Spain Leads All the Way to Wall StreetUS CPI Falls for the First Ti
(Bloomberg) -- Three days of losses have brought SpaceX shares to the brink of falling below their initial public offering price, a key level that traders and investors watch to assess the health of new issues.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeTrump Shelves 20% Fee for Hormuz Cargo After Gulf Pressure‘We Faltered’: IBM Plunges Most Since at Least 1968 on MissA Cocaine Bust in Spain Leads All the Way to Wall StreetUS CPI Falls for the First Ti
Five of the nation’s largest lenders—including JPMorgan Chase and Goldman Sachs—reported a 39% jump in combined earnings to over $49 billion, driven by surging Wall Street fees from a widespread “risk-on” environment, the recent SpaceX IPO, and the AI boom.
Investors are looking for signs that the company’s investment banking pipeline is strong and the wealth management unit can continue to rake in more clients and assets.
The Brookfield-backed data center owner and operator is looking to raise $1.25 billion at the midpoint of its marketed range of $23 to $27.
A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans. Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance. "The build-out of AI infrastructure remains in its early stages, and we believe this multi-year investment cycle will continue to drive elevated levels of strategic activity, financing, and capital formation across markets," Goldman Sachs CEO David Solomon said during an earnings call.
Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt. Goldman Sachs and JPMorgan Chase have been tapped as lead underwriters for the offering, the people said. The IPO would rank among the largest U.S. stock market debuts in recent years, underscoring investors' appetite for companies benefiting from surging demand for artificial intelligence infrastructure.
Frontier Airlines said on Tuesday it will launch in-flight Wi-Fi using SpaceX's Starlink satellite internet and start installing it across its fleet in early 2027. The Denver-based airline is the first ultra-low-cost U.S. carrier to sign on with Elon Musk's Starlink as the company competes with Amazon's Kuiper for airline customers to provide in-flight Wi-Fi. Frontier's Starlink rollout follows the airline's introduction of first-class seating and loyalty program changes aimed at winning over higher spenders.
The story of the day looks like huge investment banking results across the biggest banks. JPMorgan Chase’s fees from investment banking, which includes advising companies and raising and selling debt and equity, rose 30%.
Talk about the inescapable force of gravity. Shares of Elon Musk's Space Exploration have fallen to nearly their IPO price.
Securitize (SECZ) founder and CEO Carlos Domingo sits down with Scott Melker to discuss the growing tokenized asset market. "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 crypto hub to find the latest crypto-related news.
(Bloomberg) -- Goldman Sachs Group Inc. trounced its own Wall Street stock-trading records, posting $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Le
July 14 (Reuters) - AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia's latest chips.
(Bloomberg) -- JPMorgan Chase & Co. reported its highest quarterly profit ever as stock traders blew past analysts’ estimates and a long-held Visa Inc. stake paid off to the tune of $4.6 billion.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleDisney Exiting Streaming Coul
Jefferies said Tesla’s growth and earnings deterioration are beginning to reverse ahead of its July 22 results.
SpaceX stock is trading at $145.30, about 8% above its $135 IPO price, according to Yahoo Finance at the time of writing. Interestingly, SpaceX stock climbed as high as $225.64 after its $135 IPO, according to Yahoo Finance reporting, indicating a peak post-IPO gain of about 67%, before sharply ...
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