News

FedEx's (FDX) fiscal fourth-quarter earnings could fall short of Wall Street's expectations as margi

From SpaceX to Anthropic, the pipeline of blockbuster initial public offerings is moving fast. The Honeywell -backed upstart is slated to go public on Thursday, according to Nasdaq, meaning the IPO likely will be priced later Wednesday.

The cuts, led by new president Jill Hazelbaker, affect recruitment and HR staff but represent less than 1% of Uber's 34,000 employees

The prominent AI music generation startup is now valued at over $5.4 billion -- about seven months ago, it raised at a $2.45 billion valuation.

(Bloomberg) -- The prospect of prison time for short-seller Andrew Left, found guilty Monday of securities fraud, is more than a personal comeuppance.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest PersonIndie Video Game ‘Mina the Hollower’ Sells 300,000 Copies in Three Days

While SpaceX’s anticipated public debut has Wall Street salivating over what could be the most consequential IPO in a decade, the historical record offers a sobering warning. The company filed its S-1 in May, outlining three business segments: Space (Falcon and Starship launch services), Connectivity (the Starlink broadband network), and AI (X and Grok subscriptions). ... SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.

The medical device maker posts fiscal fourth-quarter earnings and revenue that narrowly beat analysts’ estimates.

As artificial intelligence (AI) transforms workplaces around the world, most people are asking the same question: What skills will still matter when AI can do so much? According to Advanced Micro Devices (AMD) CEO Lisa Su, the answer isn't simply learning how to use AI tools. Su recently told ...

Investing.com -- The European Union has put forward a proposal for its Aspides naval mission to assume "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a Reuters report Wednesday citing an internal document dated May 26.

Investing.com -- Morgan Stanley has upgraded Yum Brands to Overweight from Equal-weight while downgrading Chipotle Mexican Grill to Equal-weight, arguing that the fast-food giant offers a more attractive combination of growth, value positioning, and technology-driven upside in an increasingly cautious consumer environment.

The fallout from Saylor’s first Bitcoin sale in years keeps spreading, while Bernie Sanders and Elizabeth Warren want crypto out of your 401(k).

Bernstein downgraded the stocks, citing headwinds from surging oil prices, the GLP-1 trend, and rising inflation.

Shares in Swiss private-markets firm Partners Group are tumbling after it capped withdrawals from its Global Value SICAV fund, citing a jump in investors looking to pull out. The move came just a day after, Cliffwater limited withdrawals from its flagship private credit fund after more investors headed for the exits, the Journal reported.

U.S. stock futures are mixed, with contracts tied to the Dow industrials dipping after all three major indexes hit fresh records Tuesday.

By Vivek Kumar M and Abhirami G June 3 (Reuters) - India's information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence

India's information technology stocks ‌were headed for ‌their biggest single-day drop ​in over four months on Wednesday as investors assessed the ‌impact ⁠of AI on demand for traditional ⁠software services. The IT index was ​down 5.8% ​at ​29,310.25 points. If ‌losses hold, this would be its worst day since February 4.

Google, which is raising a fresh $80 billion, has a strategy for getting around the biggest bottleneck.

By Amina Niasse NEW YORK, June 2 (Reuters) - Health insurer Cigna will stop covering GLP-1 weight-loss drugs including Novo Nordisk's Wegovy and Eli Lilly's Zepbound in its employee health plan

The stock market hit new highs amid a win streak. AI and metals led while Google tested support. Palo Alto jumped late on earnings.

(Updates to add job cuts in paragraph 5 and 6) GitLab (GTLB) reported Tuesday Q1 adjusted earning

Exchange company stocks sold off Tuesday after the Commodity Futures Trading Commission last week laid out a framework for registered U.S. platforms to launch perpetual futures. Shares of CBOE Global Markets fell 8.

GitLab stock rises after the software company reported better-than-expected fiscal first-quarter earnings and raised full-fiscal year guidance.

Bitcoin's sell-off deepened on June 2, falling below $67,000 and dropping roughly 13% over the previous seven days, per TradingView. The slide followed Strategy's first Bitcoin sale in years, a long run of outflows from U.S. spot Bitcoin ETFs, and the movement of roughly $739 million worth of ...

Google is seeking $80 billion to further its AI efforts, and Polymarket traders are in a tizzy over an outcome regarding Strategy’s bitcoin sale.

Tesla bull Ross Gerber just took a sharp swing at Bitcoin (BTC). This comes at a time when "king crypto" has slipped below its $70,000 mark for the first time since April, while its rival, gold, continues to hold the fort in green. Gerber is the co-founder and CEO of Gerber Kawasaki Wealth ...

Okta Drops After Analyst Downgrade Overshadows Strong Momentum

Why the lawsuits matter for Commvault Systems (CVLT) shareholders Multiple securities class action lawsuits against Commvault Systems (CVLT) center on claims about Annual Recurring Revenue guidance following Q3 2026 results. These cases raise questions about disclosure, business quality, and how you weigh the stock’s recent performance. See our latest analysis for Commvault Systems. Since the sharp drop after Q3 2026 results, Commvault’s share price has rebounded, with a 30 day share price...

(Bloomberg) -- More than 1,000 current and former SpaceX employees have banded together to negotiate with wealth management firms for better pricing and access to sophisticated tax-saving financial products ahead of an initial public offering that is set to turn many of them into multi-millionaires.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI Spe

On a recent Rich Habits Podcast segment, market commentator Ron Santella put it bluntly: “The playbook from last week hasn’t changed. It’s actually gotten more entrenched. Higher for longer is the base case.” For households waiting on a refinance or a first home purchase, he was even more direct: “Today’s report tells you it’s not ... Tariff-Driven Inflation Is Trapping Mortgage Rates, and the Fed Can’t Fix It with Rate Cuts

Executive Chairman Frank Holmes noted that Situational Awareness CEO Leopold Aschenbrenner disclosed a 13-F showing he bought HIVE at four times revenue.