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Goldman Sachs drops contrarian take on the jobs market
TheStreet72d agobearish
Goldman Sachs drops contrarian take on the jobs market

The unemployment rate says the job market is holding steady. Goldman Sachs analysts, though, say that might not tell the whole story. In a fresh note shared with me, the firm argues that the labor market is softer than the headline 4.3% unemployment rate suggests. They argue that the job market is ...

Investing.com72d agobullish
S&P Global Ratings upgrades Nvidia to AA on explosive AI demand

Investing.com -- S&P Global Ratings raised its long-term issuer credit rating on NVIDIA Corporation (NASDAQ:NVDA) to "AA" from "AA-," citing insatiable market demand for artificial intelligence systems. The upgrade reflects the chipmaker’s sustainable competitive advantage and massive cash flow generation within the rapidly expanding data center ecosystem. The ratings agency now forecasts Nvidia’s revenue to surge 82% in fiscal 2027 to $394 billion, followed by a 38% increase to $544 billion the

Trading Day: Peace beckons ... again
Reuters72d agoneutral
Trading Day: Peace beckons ... again

By Jamie McGeever ORLANDO, Florida, June 11 (Reuters) - Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S.

First analyst coverage of SpaceX stock sets a bold target
TheStreet72d agoneutral
First analyst coverage of SpaceX stock sets a bold target

Elon Musk's rocket company is hours away from going public, and Wall Street is already placing its bets. SpaceX lists on the Nasdaq on June 12 under the ticker SPCX at $135 per share, in what would be the largest IPO in stock market history. The company is targeting a $1.75 trillion valuation ...

Circle K offers answer to Costco and Kroger's cheap gas
TheStreet72d agoneutral
Circle K offers answer to Costco and Kroger's cheap gas

Even though gas prices have fallen, they remain over $4 per gallon, which continues to pressure household budgets and spending patterns.. That has prompted retailers to use fuel discounts as a way to attract shoppers and increase store traffic. That's something Kroger did earlier this week, with a ...

Associated Press72d agoneutral
How major US stock indexes fared Thursday 6/11/2026

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening. The Dow Jones Industrial Average leaped 1.9%, and the Nasdaq composite rallied 2.5%. The Nasdaq composite rose 640.16 points, or 2.5%, to 25,809.66.

SpaceX takes unconventional route to pricing its stock ahead of IPO
Yahoo Finance Video72d agoneutralVIDEO
SpaceX takes unconventional route to pricing its stock ahead of IPO

It's SpaceX IPO Eve (SPAX.PVT) and Elon Musk's space company is setting its IPO price on Thursday night, taking an alternate route to offer stock at $135 per share rather than a general range. Yahoo Finance Senior Reporter Pras Subramanian breaks down this unconventional public stock offering. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX.

Ripple CEO sends harsh message to JPMorgan’s Dimon
TheStreet72d agoneutral
Ripple CEO sends harsh message to JPMorgan’s Dimon

Ripple CEO Brad Garlinghouse appeared on the "Mornings with Maria" show on Fox News on June 11 and discussed the Digital Asset Market Clarity Act in detail. The legislation aims to establish a comprehensive regulatory framework for cryptocurrencies. It aims to resolve ...

Musk Poised to Be the World’s First Trillionaire
The Wall Street Journal72d agoneutral
Musk Poised to Be the World’s First Trillionaire

Elon Musk is poised to become the world's first trillionaire. His company, SpaceX, is set to begin trading on the Nasdaq Friday. It sold around $75 billion of shares Thursday in an offering that valued Musk’s stake at around $690 billion.

Reuters72d agoneutral
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand

Marvell Technology on Thursday named Adobe's Dan Durn as chief financial ‌officer, succeeding Willem Meintjes, who is stepping ‌down after more than three years in the role. Durn ​will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role through April 2027 to ‌support the transition. The ⁠appointment comes as Marvell looks to benefit from a surge in spending on ⁠AI-related data center infrastructure, which has boosted demand for advanced networking and custom chip technologies.

Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
Insider Monkey72d agoneutral
Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best IPO stocks to buy and hold for 2 years. On May 28, Credo Technology announced the completion of its acquisition of DustPhotonics. The deal integrates DustPhotonics’ silicon photonics technology into Credo’s portfolio, enabling support for 800G, 1.6T, and 3.2T optical connectivity. This acquisition provides […]

Adobe raises annual revenue forecast, CFO to exit
Reuters72d agoneutral
Adobe raises annual revenue forecast, CFO to exit

Adobe raised its ‌annual revenue forecast ‌on Thursday, signaling increased ​adoption of its AI tools and higher subscription ‌spending as ⁠the Photoshop maker looks to ⁠get ahead in the highly ​competitive ​software ​design industry. The ‌company expects revenue of between $26.5 billion and $26.6 billion, compared with its earlier ‌forecast of ​between $25.9 billion ​and $26.1 ​billion. The company ‌also announced the ​departure ​of its CFO Dan Durn.