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SpaceX Is Already Having an Impact on One Major Stock Benchmark
The Wall Street Journal66d agoneutral
SpaceX Is Already Having an Impact on One Major Stock Benchmark

The two key Nasdaq stock benchmarks will treat SpaceX very differently at first. The Nasdaq composite, a benchmark that includes virtually every stock that trades on the Nasdaq exchange, has already added SpaceX, weighted according to the company's full market cap of nearly $3 trillion. Nasdaq has long added companies listed on its exchange to this benchmark on their second day of trading.

Coinbase Launches Index-Linked Perpetual Futures for U.S. Traders
The Wall Street Journal66d agoneutral
Coinbase Launches Index-Linked Perpetual Futures for U.S. Traders

Coinbase Global said Tuesday that it is launching a slew of products, including perpetual futures contracts linked to equity indexes, in a bid to become a one-stop exchange for Americans’ trading needs. The largest U.S. crypto exchange said it is launching perpetual futures tied to indexes tracking four themes: artificial intelligence, China, defense and the top 100 Nasdaq-listed companies. Perpetual futures are a type of popular crypto derivative that never expires and trades 24/7.

Robinhood stock slides after layoff announcement
TheStreet66d agoneutral
Robinhood stock slides after layoff announcement

Robinhood Markets (NASDAQ: HOOD) was sliding in the morning market hours after it announced a fresh round of layoffs. At press time, HOOD stock was down 1.98%, trading near $96. However, ahead of the morning bell, the stock had gained between 3% and 5% in premarket hours. The Menlo ...

61-year-old 7-Eleven rival closes key stores
TheStreet66d agoneutral
61-year-old 7-Eleven rival closes key stores

In my years running a large toy store in Manchester, Conn., the biggest challenge was having the right inventory for the holiday season. While some items, like train sets and certain board games, sell every year, many of our categories were trend-driven. If I ordered space-themed Legos and kids ...

Palantir stock faces hidden AI risk after Google deal
TheStreet66d agoneutral
Palantir stock faces hidden AI risk after Google deal

Palantir Technologies (PLTR) has spent years trying to convince Wall Street that it can become one of the most important software companies in the artificial intelligence boom. Its most recent action does just that. Palantir said on June 4 its software is available through the Google Cloud ...

Eli Lilly’s hottest drugs face a quiet new threat
TheStreet66d agoneutral
Eli Lilly’s hottest drugs face a quiet new threat

Eli Lilly (LLY) became the first pharmaceutical company to cross a $1 trillion market valuation in November last year, carried largely by its highly lucrative obesity and diabetes medications, such as Mounjaro and Zepbound. Now the same demand that built that fortune is creating friction with the ...

Popular crypto firm reportedly makes big return to Bitcoin
TheStreet66d agoneutral
Popular crypto firm reportedly makes big return to Bitcoin

MARA Holdings (Nasdaq: MARA) is one of the leading crypto companies and the world's largest publicly listed Bitcoin (BTC) miner. It is also one of the largest holders of Bitcoin. Bitcoin mining is the process of using specialized computing systems to solve cryptographic functions to ...

SpaceX Buys Cursor Fresh Off An $86 Billion IPO
Moby66d agobullish
SpaceX Buys Cursor Fresh Off An $86 Billion IPO

Days after raising a record $85.7 billion in its IPO, SpaceX agreed to acquire AI coding startup Anysphere in a $60 billion stock deal, giving Elon Musk a foothold in one of AI’s fastest-growing software markets.

Dow Looks to Add to Latest Record
The Wall Street Journal66d agoneutral
Dow Looks to Add to Latest Record

4,000 points With Tuesday's gain so far taken into account, the Dow industrials have added more than this point total in 2026, or about 8.5%. The blue-chip index is in search of its 17th record of the year.

Fox to acquire streaming device maker for $22 billion
TheStreet66d agoneutral
Fox to acquire streaming device maker for $22 billion

If you have a Roku device at home, and statistically, there's a good chance you do, your TV's home screen may soon have a new owner. Fox Corporationannounced June 15 that it has reached a deal to buy Roku for $160 per share. That values the company at roughly $22 billion. The deal is expected to ...

Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure
Reuters66d agoneutral
Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure

Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality ‌glasses are part of its long-term strategy, pushing back ‌on activist investor demands to shut down or spin off the cash-burning unit ​behind the device. The launch ⁠comes months after Irenic Capital Management pushed Snap to consider options for Specs as part of a ⁠series of changes that the activist investor said could boost the social media company's worth by at least five times. Irenic has argued ​Specs should ​be funded on its own, ​noting Snap has already spent ‌more than $3.5 billion on the unit.

Salesforce makes gutsy bet to win AI agent race
TheStreet66d agoneutral
Salesforce makes gutsy bet to win AI agent race

Salesforce (CRM) wants to sell AI agents to everyone, including companies that may never log into Salesforce. This is a strategy the company has been pushing all year, and it could reshape how the software giant makes money for the next decade. The plan rests on one idea: Instead of charging ...

SpaceX $75B IPO faces wild meme-stock trading frenzy
Yahoo Finance Video66d agoneutralVIDEO
SpaceX $75B IPO faces wild meme-stock trading frenzy

Scott Melker discusses the CFTC, BlackRock's new bitcoin ETF, SpaceX trading like a meme stock, and other big crypto headlines. "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.