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Rocket Lab said on Monday ‌it would acquire ‌satellite communications provider Iridium Communications ​in a cash-and-stock deal valued at about $8 billion, marking one of the ‌biggest ⁠consolidation moves in the commercial space industry. Iridium ⁠shareholders will receive $27 in cash and Rocket ​Lab shares, ​with ​a combined ‌value of $54 per Iridium share. The deal is expected to close in mid-2027.

The spinoff of NBCUniversal and Sky will separate the company’s connectivity business from its film, theme park and streaming operations.

The deal adds navtemadlin—a drug candidate for a rare blood cancer in late-stage clinical trials—to Ipsen’s oncology pipeline.

June 29 (Reuters) - U.S. stock index futures rose on Monday, led by strong gains in the tech-heavy Nasdaq 100, as easing tensions in the Middle East lifted sentiment following days of hostilities

As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt. The surge in spending on chips, cloud infrastructure and data centers has led large technology companies, known as hyperscalers, ‌to increasingly issue bonds in currencies other than the U.S. dollar to tap a wider pool of investors and prevent saturation in the U.S. with colossal volumes of ‌debt. Companies such as Amazon.com and Alphabet have issued $60 billion in bonds in multiple currencies in the last 12 months.

South Korean tech giants Samsung Electronics and SK Hynix said Monday they will invest a combined 800 trillion won ($518 billion) in building a new computer chipmaking hub in the country’s southwest region, capitalizing on surging artificial intelligence -driven demand. President Lee Jae Myung joined the companies’ chairs Monday in announcing the plan, which dovetails with the government’s efforts to expand investment beyond the greater Seoul metropolitan area, the country’s economic center and heart of its semiconductor sector.

The rally driven by the global artificial-intelligence boom has exposed structural vulnerabilities in a stock market unaccustomed to wild swings.

(Bloomberg) -- The leverage that helped fuel the US stock rally is now becoming an increasing source of unease.Most Read from BloombergLutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll RevenueUS Launches Fresh Strikes on Iran Targets After Drone HitsAnthropic's Mythos 5 AI Model Cleared by US for Wider UseAn Analyst's Missed Remark Surfaced in Deadly Iran School Strike ProbeOman Tells Allies Ships Going Through Hormuz May Have to PayThe surge in market leverage, stemming in part fro

(Bloomberg) -- The leverage that helped fuel the US stock rally is now becoming an increasing source of unease.Most Read from BloombergLutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll RevenueUS Launches Fresh Strikes on Iran Targets After Drone HitsAnthropic’s Mythos 5 AI Model Cleared by US for Wider UseAn Analyst’s Missed Remark Surfaced in Deadly Iran School Strike ProbeOman Tells Allies Ships Going Through Hormuz May Have to PayThe surge in market leverage, stemming in part fro

Salesforce's new acquisition has figured out how to win in the age of agentic AI.

When CEO Brian Niccol came to Starbucks almost two years ago, he took over a brand that had lost some of its focus. The cafe chain had pivoted during the Covid pandemic to a takeout-and-delivery model, dropping long-time CEO Howard Schultz's vision of the brand as offering a third place between ...

Gilead Sciences, Inc. (NASDAQ:GILD) is one of the 12 Most Profitable S&P 500 Stocks to Invest In. On June 25, 2026, the Food and Drug Administration approved Trodelvy from Gilead Sciences, Inc. (NASDAQ:GILD) for two indications in adults with triple-negative breast cancer. The first approval covers sacituzumab govitecan-hziy as a single agent for the first-line […]

Cathie Wood, chief of Ark Investment Management, likes to double down on her favorite tech stocks when the prices are falling, hoping for a bargain. That’s what Wood just did, adding shares of Coinbase after weeks of tumbling. In 2025, Wood's flagship Ark Innovation ETF gained 35.49%, far outpacing ...

The man who predicted the 2008 housing crash is making another contrarian call, and this time his sights are set on China. Hedge fund manager Michael Burry, who became famous after the film "The Big Short" chronicled his bet against subprime mortgages, revealed on Thursday, June 25, that he added ...

SpaceX spent close to two years and nearly $20 billion buying wireless spectrum licenses that had nothing to do with rockets or satellite broadband. Analysts struggled to explain why a space company needed land-based mobile spectrum at all. That question now has an answer, and it puts the country’s ...

For many shoppers, a trip to Costco starts with a simple question. "Is there a Kirkland version?" Over the past three decades, the warehouse club giant has transformed Kirkland Signature from a low-cost private label into one of retail's most trusted brands. Today, shoppers often choose ...

SpaceX IPO buzz faded as AI volatility, hotter inflation, and a shortened trading week shifted investor focus toward earnings season

AI customers are rushing to Micron for memory products.

(Bloomberg) -- Apple Inc. is pressing the White House for approval to purchase memory chips from a blacklisted Chinese company as it grapples to rein in chip costs, the Financial Times reported on Saturday.Most Read from BloombergLutnick Delayed Canada Bridge Debut to Seek Bigger Cut of Toll RevenueIndonesia Opens Door to Dirty Money to Fund Prabowo’s PlansOman Tells Allies Ships Going Through Hormuz May Have to PayApple Shares Sink After Price Hikes Hit iPads and MacsUS Strikes Iran in Response

Treasury Secretary Scott Bessent on Wednesday defended the administration’s aggressive trade policies, unveiling a comprehensive “3 through 3” economic blueprint designed to sustain high GDP growth while neutralizing “structural inflation.” Deconstructing critics’ claims that import penalties harm American consumers, Bessent...

June 26 (Reuters) - Apple is lobbying the Trump administration for clearance to buy memory chips from ChangXin Memory Technologies, a Chinese company the Pentagon has put on a blacklist, the Financial

Apple is lobbying the Trump administration for clearance to buy memory chips from ChangXin ‌Memory Technologies, a Chinese company the Pentagon has ‌put on a blacklist, the Financial Times reported on Friday. The iPhone maker ​has lobbied the White House for approval aimed at easing financial pressure on the company from rising memory chip prices, the newspaper said, citing unnamed sources. The White House, Apple and ‌CXMT did not respond ⁠to requests for comment from Reuters outside business hours.

Advanced Micro Devices has been flush with cash from sales of its hardware, which is widely used in the artificial intelligence industry — the latest tech trend. With so much money on hand, the company can undertake many initiatives. In recent years, the company has used some of its earnings ...

SpaceX will ‌be ‌added to the ​tech-heavy Nasdaq 100 index on ‌July 7, ⁠exchange operator Nasdaq ⁠confirmed on Friday, ​paving ​the ​way for ‌a surge in passive investments in Elon ‌Musk's ​rocket ​and ​AI giant. (Reporting ‌by Johann M ​Cherian ​in Bengaluru; ​Editing ‌by Shinjini Ganguli ​and Will ​Dunham)

Overhyped IPOs rarely make you money in the short term. That doesn’t mean it’s time to sell your stocks..

The S&P 500 and Nasdaq composite fell in every day of a calendar week for the first time since April 2024, losing about 2% and 4.6%, respectively. “I just don’t think it’s a time as an investor that you should be focused on swinging for the fences,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. The declines continued this past week, which began with a tech selloff that ripped through chip makers from Seoul to Santa Clara, Calif. Micron’s upbeat outlook after Wednesday’s close looked set to spark a rebound, but momentum faded quickly, especially after Apple and Microsoft announced they would increase prices for MacBooks and Xbox gaming consoles, respectively.

Yahoo Finance's Jared Blikre takes a closer look at some of Friday's trending tickers and stories, including Moderna (MRNA), Netflix (NFLX), and ON Semiconductor (ON).

SpaceX shares are trading near the level at which the rocket maker's market cap would drop below $2 trillion for the first time. The stock recently traded at $152.50, about 80 cents above the level where the market cap would slip below $2 trillion. This week, SpaceX shares have declined about 18%, putting them near their opening IPO price of $150, a sign of waning enthusiasm for the biggest listing of all time.

PNC Bank stock is up more than double the S&P 500 this year. It hit a record-high share price on Thursday.

The semi-annual reconstitution of the index, based on market capitalizations as of April 30, 2026, will take effect after the U.S. market close on Friday, June 26.