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(Updates with latest market prices and developments.) US benchmark equity indexes were mixed intr

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...

Shares of large U.S. banks outperformed the market on Wednesday, with some hitting records, as investors awaited the first Federal Open Market Committee meeting of Kevin Warsh’s Fed chairmanship. Investment banks Goldman Sachs and Morgan Stanley also rallied and hit records, according to FactSet and Dow Jones Market Data. Traders widely expect the Fed will keep the benchmark federal-funds rate target unchanged at a range of 3.50% to 3.75%.

(Updates with index/price moves, macroeconomic data, and political/company news from the first parag

The service will be accessible through the Uber app and is being developed in collaboration with Switzerland's Federal Roads Office (FEDRO), pending regulatory clearance.

Jabil Inc (NYSE:JBL) shares moved higher after the electronics manufacturing services company reported fiscal third quarter financial results that exceeded Wall Street estimates and raised its full-year guidance. For the quarter, the electronics and manufacturing services company posted net...

Investing.com -- Artificial intelligence-driven disruption is increasing pressure on the IT services industry, prompting Berenberg to turn more cautious on the sector as concerns grow over AI-led pricing deflation, uncertain value capture and a lack of near-term catalysts for a valuation recovery.

Travel season is upon us. Some 67% of Americans plan to take one or more domestic trips this summer, and 41% plan international travel, according to a survey from U.S. News. But for many of those travelers, these summer vacations may not play out how they were originally envisioned. Around ...

This aerospace and industrial power systems stock hit an all-time high on Wednesday. Its helps power satellites, missiles and data centers.

Honeywell shares rallied recently as the company’s board approved the aerospace unit spinoff. Here’s what management expects from both businesses moving forward.

SpaceX stock is flying, and so are shares of older aerospace incumbents like GE Aerospace and Boeing.

This is the third piece in a series examining "boring" large-cap stocks that have outperformed the Nasdaq-100 over the past five years. The first piece introduced the five companies and the data. The second piece covered defense and nuclear supplier Curtiss-Wright. This week: a company that moves ...

SpaceX's post-IPO rally lifted Musk's wealth by $620 billion over four trading days, Bloomberg's index showed.

SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI. That is giving blank-check companies renewed footing after years of upheaval, with ‌a more mature SPAC market emerging at a time when mega-IPOs are expected to command an outsized share of investor capital and attention, analysts, market experts and industry insiders told Reuters.

The company that ends up defining a new gadget is rarely the one that ships it first. Being first means being early, and being early means paying to teach everyone else why they should care. Smart glasses have lived in that expensive waiting room for years. Meta (META) turned camera-equipped ...

Shares pulled back Wednesday after a roughly 40% run since the company's Friday debut pushed its market cap past Amazon

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Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week. Rivian spent years selling the idea that it could become the next great American carmaker. Its ...

AI lab Odyssey said on Wednesday ‌it has raised $310 ‌million in a funding round ​that valued it at $1.45 billion. The Series B round was led by Natural ‌Capital, ⁠with participation from Amazon, AMD Ventures, GV, ⁠EQT, IQT and others. The last few years ​have seen ​major ​breakthroughs in ‌scaling, interactivity, multimodality and physics accuracy, and the field is now advancing extremely quickly,” said Oliver ‌Cameron, Co-founder ​and CEO of ​Odyssey.

MKS (MKSI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Meta CEO Mark Zuckerberg is admitting to missteps in a newly leaked memo, following the company's significant workforce changes over the past year as it pours billions of dollars into developing artificial intelligence infrastructure. These changes include Meta’s decision last year to axe ...

The corporate venture arm ends after 10 years and 80 investments.

Research firm Bernstein raised its price targets on three chip stocks — AMD, Arm and Intel — citing a "CPU renaissance."

European stock markets closed mostly higher Wednesday as the Stoxx Europe 600 gained 0.5%, the Swiss

Goldman Sachs and Morgan Stanley are preparing for the IPOs of OpenAI and Anthropic by forming separate teams to prevent information sharing.

SpaceX's blockbuster debut and the looming IPOs of Anthropic, OpenAI and Perplexity could fuel AI ETFs, potentially outweighing concerns over higher-for-longer interest rates.

Allbirds stock is up more than 50% on Wednesday as it continues its pivot from a sustainable sneaker business to an artificial intelligence company.

Allbirds stock is up more than 30% on Wednesday as it continues its pivot from a sustainable sneaker business to an artificial intelligence company.

Every month, Bank of America surveys some of the world's largest institutional investors to build a picture of how professional money managers see the global economy. The latest edition of that survey landed with a specific number that stood out: Equity allocations had jumped to 50% overweight from ...

Micron Gets a Huge Price Target Boost Ahead of Earnings