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OpenAI announces plan to go public, SpaceX set to launch IPO this week
CBS News Videos74d agoneutralVIDEO
OpenAI announces plan to go public, SpaceX set to launch IPO this week

Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest IPO ever. Jon Krohn, the co-founder and CEO of Y Carrot, joins CBS News to discuss.

HSBC doubles down on stock market message for 2026
TheStreet74d agoneutral
HSBC doubles down on stock market message for 2026

The week of June 8 handed global markets a sharp reminder of how quickly sentiment can shift. Goldman Sachs removed its 2026 Fed rate cut calls. The Nasdaq fell 5% on the May jobs report. Investors who had been positioned for easing scrambled to recalibrate. The wall of worry that has defined ...

Arqit Quantum Inc. (ARQQ) Reports Q1 Fiscal 2026 Results
Insider Monkey74d agoneutral
Arqit Quantum Inc. (ARQQ) Reports Q1 Fiscal 2026 Results

Arqit Quantum Inc. (NASDAQ:ARQQ) is one of the Best Quantum Computing Stocks. On May 21, 2026, Arqit Quantum Inc. (NASDAQ:ARQQ) reported Q1 fiscal 2026 revenue of $623,000, up sharply from $67,000 a year earlier and $463,000 in the prior half. It also reported eleven contracts as compared to seven in the entire year of 2025. […]

Goldman Sachs sends strong message on next Fed rate cut
TheStreet74d agoneutral
Goldman Sachs sends strong message on next Fed rate cut

Markets spent most of 2026 waiting for the Federal Reserve to deliver rate cuts that Goldman Sachs had been forecasting for December 2026 and March 2027. On June 6, after the May jobs report landed well above every economist's estimate, Goldman crossed both dates off the calendar entirely. The ...

Top stories to watch Wednesday June 10
Yahoo Finance Video74d agoneutralVIDEO
Top stories to watch Wednesday June 10

Asking for a Trend Host Josh Lipton breaks down what investors should be on the lookout for on Wednesday, June 10, including earnings from Oracle (ORCL), Chewy (CHWY), and May's CPI report.

Visa-Mastercard Settlement With Merchants Gets Judge's Preliminary Approval
The Wall Street Journal74d agoneutral
Visa-Mastercard Settlement With Merchants Gets Judge's Preliminary Approval

A federal judge on Tuesday tentatively approved a settlement between Visa and Mastercard and a class of merchants, paving the way for potential big changes to credit-card rewards. The agreement would end a 20-year legal battle between the card networks and a group of merchants, who have argued that the fees they are charged for each transaction are too high. Initially reached in November, the settlement would give merchants more flexibility to reject certain credit cards and would mandate lowering swipe fees over multiple years.

Bank of America aggressively revamps Oracle stock price target
TheStreet74d agoneutral
Bank of America aggressively revamps Oracle stock price target

Most people don't think about Oracle the way they think about Nvidia or Broadcom. It doesn't have the same flashy artificial intelligence (AI) narrative. It started as a CIA database project in 1977. For decades, it was the unglamorous but indispensable backbone of enterprise computing. Then the ...

SpaceX aims to launch orbital AI computing tests by end of next year, sources say
Reuters74d agoneutral
SpaceX aims to launch orbital AI computing tests by end of next year, sources say

SpaceX executives say the company is aiming to launch initial demonstrations of space-based artificial intelligence computing infrastructure by late 2027, ahead of the "as early as 2028" timeline ‌for deployment disclosed in its IPO filing, according to two people who attended investor presentations held ahead ‌of the offering. The orbital-compute effort is central to SpaceX's long-term growth pitch to investors. SpaceX has requested permission from regulators to launch up to 1 million space-based data-center satellites.

Apple Will Run Advanced AI Model on Nvidia GPUs via Google Cloud, Ditching Private Infrastructure
24/7 Wall St.74d agoneutral
Apple Will Run Advanced AI Model on Nvidia GPUs via Google Cloud, Ditching Private Infrastructure

Apple (NASDAQ:AAPL), the most vertically integrated company in tech, is turning to Nvidia and Google Cloud to power its most advanced AI workloads. According to CNBC’s MacKenzie Sigalos, Apple software chief Craig Federighi confirmed that the company’s new frontier language model, FM Cloud Pro, will run on Nvidia GPUs hosted in Google Cloud for agentic ... Apple Will Run Advanced AI Model on Nvidia GPUs via Google Cloud, Ditching Private Infrastructure

Okta (OKTA) Valuation In Focus After Earnings Beat And Raised Full Year Guidance
Simply Wall St.74d agobullish
Okta (OKTA) Valuation In Focus After Earnings Beat And Raised Full Year Guidance

Okta (OKTA) is back in focus after its latest quarterly update, where revenue and earnings topped expectations and management raised full year guidance, even as some analysts flagged valuation concerns. See our latest analysis for Okta. Okta’s latest earnings beat and raised guidance have been followed by a 48.37% 3 month share price return, although the 7 day share price return is down 11.35%, while the 5 year total shareholder return is down 46.53%. This serves as a reminder that sentiment...

Why May’s booming Jobs Report isn’t what it seems
TheStreet74d agoneutral
Why May’s booming Jobs Report isn’t what it seems

The much-awaited U.S. job market report is finally out for May, and while the result was stronger than expected, the headline number may not tell the whole story. The economy added 172,000 jobs last month, but the unemployment rate remained steady at 4.3%, according to the Bureau of Labor ...

Trading Volume Surges on Volatile Day
The Wall Street Journal74d agobullish
Trading Volume Surges on Volatile Day

23.5 billion That's the number of shares that traded hands Tuesday in the U.S. stock market, the third-highest total of the year, according to Dow Jones Market Data. The Nasdaq composite volume was 12.

Investing.com74d agobearish
Supermicro tumbles after-hours on large capital raise to fund AI server surge

Investing.com -- Super Micro Computer Inc (NASDAQ:SMCI) watched its stock tumble over 9% in after-hours trading Tuesday following the announcement of massive new financing plans. Investors reacted with visible caution as the server manufacturer revealed a sweeping $7.0 billion capital raise designed to bankroll its surging AI backlog. The multi-tranche funding strategy is uniquely structured to capture both immediate and future market liquidity. It features a $5.0 billion concurrent underwritten

IBM CEO: AI Won't Necessarily Lead To Smaller Headcount
Bloomberg74d agoneutralVIDEO
IBM CEO: AI Won't Necessarily Lead To Smaller Headcount

IBM CEO Arvind Krishna discusses IBM's significant $10 billion investment in quantum computing, a faster form of AI. Krishna also noted a $1 billion federal government commitment to build a chip fabrication facility in Albany, New York, illustrating a strong collaboration between public and private sectors. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

GM to offer EV owners ability to sell power to US electricity grid
Reuters74d agobearish
GM to offer EV owners ability to sell power to US electricity grid

SAN FRANCISCO, June 9 (Reuters) - General Motors is releasing a software update that allows some ‌U. electric-vehicle owners to pipe power back to the electric grid, ‌another example of car companies pursuing business opportunities in the energy sector.

Micron stock gets a shocking Wall Street price target
TheStreet74d agoneutral
Micron stock gets a shocking Wall Street price target

Micron Technology (MU) is suddenly one of Wall Street’s most dramatic artificial intelligence stories. The chipmaker, formerly seen as a cyclical memory business, was the kind of stock that would climb higher as DRAM and NAND prices tightened and fall when supply caught up with demand. That old ...

Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs
Barrons.com74d agoneutral
Robinhood CEO Says His Company Gets Green Light to Underwrite IPOs

CEO Vlad Tenev announced that Robinhood Securities, a broker-dealer and clearing unit, has been “approved” to serve as an underwriter. It isn’t clear which regulatory body approved Robinhood, but Finra and the SEC oversee aspects of the IPO process. The move builds on the company’s current IPO offering that gives brokerage customers the ability to purchase shares of private companies going public.