News

By Manya Saini and Nupur Anand June 9 (Reuters) - U.S. banking giant Wells Fargo's net interest income will see a "step up" in the current quarter, Chief Financial Officer Mike Santomassimo said at an

MANGOS — no, not the tropical stone fruit — is the latest Big Tech acronym to be at the top of investors' minds ahead of 2026's biggest IPOs. MANGOS consists of Meta Platforms (META), Anthropic (ANTH.PVT), Nvidia (NVDA), Alphabet (GOOG, GOOGL), OpenAI (OPAI.PVT), and SpaceX (SPCX, SPAX.PVT). Yahoo Finance Senior Business Reporter Ines Ferré explains the latest AI tech groupings being coined by Wall Street analysts.

Acushnet has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 8.7% to $90.56 per share while the index has gained 8%.

Sterling Infrastructure (STRL) said Tuesday it completed the acquisition of Stone Ridge Contracting,

Since June 2021, the S&P 500 has delivered a total return of 74.9%. But one standout stock has more than doubled the market - over the past five years, Standex has surged 197% to $292.30 per share. Its momentum hasn’t stopped as it’s also gained 26.5% in the last six months, beating the S&P by 18.5%.

OpenAI filed a confidential S-1 on June 8 at an $852B valuation, joining Anthropic ($965B) and SpaceX’s $1.77T IPO process as the third major ...

Broadcom said it will partner with Apollo Global Management and Blackstone’s credit and insurance business to launch a platform backed by an initial $35 billion to finance artificial-intelligence infrastructure.

Over the last six months, Chipotle’s shares have sunk to $29.20, producing a disappointing 13.4% loss - a stark contrast to the S&P 500’s 8% gain. This might have investors contemplating their next move.

(Bloomberg) -- The history of megacap initial public offerings shows that the stocks usually slump in the first year of trading. But upcoming listings from SpaceX, Anthropic and OpenAI are big enough and systemically important enough to the market that those analogies may not apply.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’OpenAI Joins a Massive AI IPO Pipeline Now Worth $3.6 TrillionLA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump’s $1

The excitement is building around the SpaceX IPO, which is set to debut on the Nasdaq Composite on Friday.

June 9 (Reuters) - Wall Street's main indexes rose at the open on Tuesday, as chipmakers extended gains for a second day, while easing hostilities in the Middle East also aided sentiment.

The Nasdaq’s rebound continued on Tuesday after Wall Street sniffed another run for momentum stocks. The tech-heavy index rose 0.7%. The S&P 500 rose 0.6%. The Dow rose 350 points, or 0.7%. Chips and other stocks with momentum in recent weeks continued to bounce back from Friday’s selloff.

There are times when one company's results stop being just about that company and become a referendum on an entire sector thesis. For AI cloud infrastructure, that moment arrives on June 10, when Oracle (ORCL) reports fiscal fourth-quarter 2026 results after the market closes. The setup is ...

Investors weigh SpaceX's IPO as Tesla, xAI and Starlink become increasingly interconnected.

Wall Street forecasts triple-digit revenue growth and a sharp jump in earnings.

Micron led the semiconductor chips lower after an initial bounce on Tuesday.

Kass said that his firm, Seabreeze Partners, has concluded that SpaceX's intrinsic value is well below the proposed offering price.

Markets are ripping as Bitcoin miners pivot to AI infrastructure. We cover AWS rumors, Galaxy Digital's surge, Michael Saylor's latest multi-million Bitcoin buy, the Texas 4CP mining curtailment, and Elon Musk’s massive $26B xAI compute deals with Google and Anthropic.

BRUSSELS, June 9 (Reuters) - EU regulators on Tuesday slammed Apple for blaming EU tech rules for its decision ‌not to roll out its upgraded assistant Siri AI in the European ‌Union for now, saying they had rejected the company's request for an 18-month exemption from its obligations. The ​iPhone maker on Tuesday said Siri AI would not be available initially in the EU on iPhones or iPads and faulted the European Commission for refusing to engage constructively with them to ensure privacy and se

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively trad

Investing.com -- With SpaceX set to go public this week, Wolfe Research is examining what the listing could mean for Tesla investors, particularly as speculation around a potential merger between the two Elon Musk-led companies gains traction on Wall Street.

With the post-IPO quiet period behind it, Wall Street is finally weighing in on Cerebras, and a wave of bullish analyst calls is giving investors fresh reasons to pay attention to CRBS stock.

Volatility was the operative word to describe the latest round of cybersecurity earnings. See who skyrocketed, and who got markets knocked down a peg.

(Bloomberg) -- Taiwan authorities are considering much stricter export controls on AI chip sales to China to further align with US measures, according to people familiar with the matter, an effort to address semiconductor smuggling that risks drawing a rebuke from Beijing. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’LA Mayor Race Flips as Socialist Beats Reality TV Star PrattTrump’s $100,000 H-1B Visa Application Fee Rejected by JudgeOpenAI Joins a Massiv

Investing.com -- Orlando Bravo, founder and managing partner of Thoma Bravo, said fears of an AI-driven "SaaSpocalypse" have ended, describing AI as an "enormous tailwind" for software companies.

CanAlaska Uranium (CVV.V) has begun its summer drill program as part of the $15 million 2026 explora

OpenAI announced it has confidentially filed for an initial public offering one week after competitor Anthropic announced it planned to go to market. The ChatGPT parent said in a blog post on Monday night that it has recently submitted a confidential S-1 to the Securities and Exchange Commission. “We expect it to leak so we’re just announcing it,” the company said in the blog post.

Investing.com -- Samsung Electronics is evaluating plans to build an advanced semiconductor packaging facility in Gwangju, a city in southwestern South Korea, the Korea Economic Daily reported Tuesday.

Multiple institutional investors have placed orders of $10 billion or more, with total demand running at roughly double the $75 billion SpaceX is seeking to raise

OKLO's ARMEC acquisition boosts its manufacturing, talent and supply-chain control, strengthening its ability to accelerate advanced nuclear deployment.