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Space Companies Rocket Upward on SpaceX IPO Hype
The Daily Upside85d agoneutral
Space Companies Rocket Upward on SpaceX IPO Hype

SpaceX may be counting down to its IPO, but some people are just too impatient to wait for liftoff. Just look at the share price of Intuitive Machines, which flew nearly 16% on Wednesday and is up more than 125% so far this year as the company transforms from a provider of niche lunar landing gear to an all-in-one infrastructure player at the dawn of a new space age. The Houston, Texas-based company went public via a SPAC merger back in 2023 and, almost exactly a year later, its unmanned lunar lander, Odysseus, gained the distinction of delivering the first American spacecraft to the moon’s surface since the Apollo program.

World shares decline and oil prices gain more than $2 after US strikes on Iran
Associated Press85d agoneutral
World shares decline and oil prices gain more than $2 after US strikes on Iran

World shares declined Thursday following more of what the U.S. military said were defensive strikes against Iran. Oil prices gained more than $2 a barrel after having dropped sharply a day before. In early European trading, Germany's DAX was nearly unchanged at 25,175.63 and the CAC 40 in Paris lost 0.4% to 8,172.84.

Citi sets bold Pershing Square stock price target for 2026
TheStreet85d agoneutral
Citi sets bold Pershing Square stock price target for 2026

Bill Ackman finally took the keys to Pershing Square public in April, and Wall Street is now beginning to weigh in on what that company is actually worth. Citi was the first major bank to argue it could be worth a lot more than the market currently thinks. On Tuesday, May 26, the firm initiated ...

The Next Threat To Nvidia Isn't A Chipmaker — It's An IPO
Benzinga85d agoneutral
The Next Threat To Nvidia Isn't A Chipmaker — It's An IPO

For the past two years, Nvidia Corp has emerged as Wall Street’s preferred way to bet on artificial intelligence. It benefited from an arms race among AI developers scrambling to secure computing power. The next challenge to its dominance in...

Tesla's Optimus robot plan hits major snag
TheStreet85d agoneutral
Tesla's Optimus robot plan hits major snag

Tesla CEO Elon Musk let investors know early on that 2026 would be an expensive year for the company. Coming off of its first-ever decline in revenue and its second consecutive year of falling deliveries in 2025, 2026 was always going to be a pivotal year for the electric vehicle maker. Musk ...

Goldman Sachs doubles down on S&P 500 message for 2026
TheStreet85d agoneutral
Goldman Sachs doubles down on S&P 500 message for 2026

The S&P 500 has already gained more than 9% this year. Goldman Sachs just said it's not done. In a note published May 26, the bank raised its year-end target for the index. It made a specific argument about what drove the decision, and it's something every equity investor should understand. ...

Barclays resets SanDisk stock price target after earnings
TheStreet85d agoneutral
Barclays resets SanDisk stock price target after earnings

Sandisk was trading near $36 twelve months ago. It has since done something that most stocks never do in a lifetime. And on May 27, one of Wall Street's major banks looked at that run and decided the story was not finished. The argument it made for why is more specific than most investors are ...

The Trump Administration Is in Talks to Fund U.S. Drone Companies
The Wall Street Journal85d agoneutral
The Trump Administration Is in Talks to Fund U.S. Drone Companies

The Trump administration is pursuing funding deals with a group of drone companies as part of its effort to increase domestic production and lower the costs of the increasingly vital weapons, people familiar with the matter said. The potential deals follow months of discussions between a diverse set of private-sector drone companies and the Pentagon, the people said. The discussions have included the Office of Strategic Capital, a lending office set up by the Biden administration to fund companies deemed important to national security supply chains.

Starbucks mounts comeback after costly backlash
TheStreet85d agoneutral
Starbucks mounts comeback after costly backlash

When Starbucks introduced its new flat-fee pricing for drink customizations last year, the aim was to ease customer frustrations. As it turns out, the coffee megalith only shot itself in the foot. Data from market research firm YouGov shows that customers’ value perception of Starbucks fell notably ...

Robinhood now lets AI trade stocks on your behalf
TheStreet85d agoneutral
Robinhood now lets AI trade stocks on your behalf

For years, Wall Street's biggest players have quietly used artificial intelligence in the background to make investment decisions faster than any human could. Now, Robinhood (NASDAQ: HOOD) wants to bring that same power to everyday investors, including people who have never bought a ...

Coca-Cola’s new LTO cans create a shopping problem
TheStreet85d agoneutral
Coca-Cola’s new LTO cans create a shopping problem

Retailers love products that drive consumers to their stores. Earlier in my career, when I ran Time Machine Hobby, a large toy store in Manchester, Conn., we drove significant sales through having limited quantities of certain items. Sometimes it was collectible cards, and in other cases it was ...

World’s Appetite for AI Makes China Less Afraid of Stronger Yuan
Bloomberg85d agoneutral
World’s Appetite for AI Makes China Less Afraid of Stronger Yuan

(Bloomberg) -- The global AI investment boom is powering a new wave of Chinese exports and making Beijing more comfortable with a stronger yuan.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil Supertankers Exit Hormuz to Help Push Up Flows‘KPop Demon Hunters’ Studio Draws Tencent Music InvestmentThe tightly managed onshore currency

Synopsys Q2 Earnings Call Highlights
MarketBeat85d agoneutral
Synopsys Q2 Earnings Call Highlights

Synopsys (NASDAQ:SNPS) reported fiscal second-quarter results above its own guidance and raised its full-year outlook, citing solid execution, demand tied to artificial intelligence chip development and early benefits from its integration of Ansys. President and CEO Sassine Ghazi said Synopsys deli

Snowflake Q1 Earnings Call Highlights
MarketBeat85d agoneutral
Snowflake Q1 Earnings Call Highlights

Snowflake (NYSE:SNOW) reported accelerating growth in its first quarter of fiscal 2027 and raised its full-year outlook, with executives pointing to stronger demand for its core data platform and early traction from artificial intelligence products including Snowflake Intelligence and Cortex Code.