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DCC said it would recommend an improved takeover offer from private-equity firms KKR and Energy Capital Partners to shareholders if a formal offer is made.

An Inflation Rate of +4.2% hasn't been this high since April of 2023, when higher Fed funds rates were working inflation metrics down from June of 2022's +9.1%.

The stock market is already showing signs of reversing. The Nasdaq was down 0.4% after falling further at the open. The S&P 500 was down 0.2%. The Dow was down 190 points, or 0.4%. The May CPI was in line with expectations, but many on Wall Street were fearing an even worse report given the Iran war's impact on energy prices.

The most expensive habit a company can have is paying someone else for the thing it sells. For three years, Microsoft (MSFT) looked like the firm that had outsourced its way to the front of the artificial intelligence race. It poured more than $13 billion into OpenAI, wired ChatGPT's models into ...

Investing.com -- Shares of Applied Optoelectronics (NASDAQ: AAOI) could have further room to run despite a more than 1,000% gain over the past year, according to Raymond James analyst Simon Leopold, who reiterated an Outperform rating and $160 price target following investor meetings with Chief Financial Officer Stefan Murry.

Old Dominion, Saia, and XPO each fell 5% or more after Amazon opened its less-than-truckload service to all U.S. businesses

(Bloomberg) -- President Donald Trump turned into a M&A enthusiast, with a surprise shout-out for Citigroup Inc. Chief Executive Officer Jane Fraser.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapStocks Waver as US-Iran Tensions Offset CPI Relief: Markets WrapTrump touted a metri

So much for everyone being all in on space!

Chewy (NYSE:CHWY) reported first-quarter fiscal 2026 results that showed continued sales growth, higher profitability and strong free cash flow, while management lowered its full-year sales outlook to account for a softer consumer environment in the pet category. Chief Executive Officer Sumit Singh

Investing.com -- Shares of several trucking companies fell sharply on Tuesday after Amazon announced the U.S. expansion of its less-than-truckload freight service to any destination and any business size, rattling investors in the transportation and logistics sector.

May jobs data beat expectations, boosting prospects for leisure, healthcare and energy stocks. These sector ETFs and stocks could benefit most.

The AI trade continues to stand on unsteady ground this week as semiconductor stocks waver. Oracle's (ORCL) fiscal fourth quarter earnings are due out after Wednesday's market close, which could ultimately be a tipping point for the AI sector. JonesTrading chief market strategist Michael O'Rourke speaks with Yahoo Finance Executive Editor Brian Sozzi about his outlook on the AI sector.

Trump Media & Technology said Wednesday that it is no longer trying to spin off Truth Social following a proposed merger with a nuclear-fusion firm. The pause marks another U-turn for President Trump's namesake company, whose shares are down 38% this year. After Trump Media in December announced a plan to combine with TAE Technologies, executives said they were trying to split assets including the business's social-media arm into a separate company through a SPAC deal.

(Bloomberg) -- Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets W

The pet supplies retailer reported net income of $94.8 million and nearly 200,000 net new customers in its fiscal first quarter

There are data centers in Texas that were fully built out over a year ago, kitted with server racks, networking, and GPUs, and are sitting idle, waiting for a grid connection. It is a power problem, and it is the same problem slowing AI infrastructure build-out across the U.S. and increasingly abroad.

The stock market’s slide continued on Wednesday after the latest inflation report failed to rouse Wall Street. The Dow fell 340 points, or 0.7%. The yield on the 2-year Treasury note was down to 4.12%.

The AI1 satellite spans 230 feet and delivers 120 kilowatts of average compute power, drawing on hardware already built for Starlink

June 10 (Reuters) - Wall Street's main indexes opened lower on Wednesday, as a selloff in technology stocks continued and renewed tensions between the U.S. and Iran overshadowed a tame May inflation

(Bloomberg) -- Microsoft Corp. co-founder Bill Gates arrived at the US Capitol complex Wednesday for closed-door testimony to the House Committee investigating the late financier Jeffrey Epstein.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapStocks Fall as US-Iran Tensions Offset

Bankers are taking in hundreds of billions in orders for the $75 billion in stock SpaceX plans to sell this week.

Two fires at the upstate New York facility last year proved extremely disruptive to the auto industry.

Adobe (NASDAQ: ADBE) is set to report its earnings on Thursday, June 11, 2026. Heading into the results, the stock has experienced notable pressure, dropping roughly 8% over the past five days as investors heavily scrutinize the company's ability to successfully monetize its generative AI tools.

Treasury yields and the dollar are little changed from Tuesday, as U.S. inflation meets expectations and the war in Iran flares up. The 12-month May CPI accelerates to 4.2% from 3.8% in April. Ex-energy and food, core inflation is a milder 2.

US stocks were set to open lower on Wednesday, but investors gained a little confidence from fresh inflation data ahead of the opening bell, while there were conflicting Middle East messages that pushed oil prices higher. Futures pointed to a weaker start on Wall Street, with the Dow Jones,...

Supermicro Computer stock was poised to decline as much as 12% at the open on Wednesday.

Amazon Broadens Freight Offering Across the United StatesShares of Saia (NASDAQ:SAIA), Old Dominion Freight Line (NASDAQ:ODFL) and FedEx Freight (NYSE:FDXF) came under pressure in premarket trading after Amazon (NASDAQ:AMZN) unveiled a significant expansion of its less-than-truckload (LTL) freight business. Saia and Old Dominion shares fell approximately 7%, while FedEx Freight declined around 6%, as investors assessed the competitive implications of Amazon’s move deeper into the freight transpo

Stock futures were still trading lower after the consumer price index for May matched expectations. The headline CPI rose at a 4.2% annual rate, which was in line with the consensus among economists. The core CPI, which excludes volatile food and energy prices, rose at a 2.9% annual rate, which was also in line with expectations.

Shares of Rambus, Inc. (RMBS) have risen 149% in the last year due to strong institutional support.

Deal Brings Real Estate Lending Platform Into Figure’s NetworkFigure Technology Solutions Inc. (NASDAQ:FIGR) has entered into a definitive agreement to acquire Kiavi, an AI-driven lending platform focused on residential real estate investors, in a transaction valued at $717 million.