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Bloomberg52d agobullish
Startup Backed by Ex-Google CEO Debuts Robot, LG Partnership

(Bloomberg) -- A startup backed by former Google Chief Executive Officer Eric Schmidt unveiled an industrial robot powered by artificial intelligence, as investors pile into the emerging field of humanoids. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealModi Warns of ‘Shortage of Trust’ Ahead o

Nasdaq and S&P 500 slip while Dow hits record high
Reuters Videos52d agobullishVIDEO
Nasdaq and S&P 500 slip while Dow hits record high

<body><p>STORY: Wall Street's main indexes ended mixed on Tuesday, with the Dow gaining just under two-thirds of a percent to notch its second straight record-high close... while the S&P 500 shed more than half a percent and the Nasdaq dropped more than one percent.</p><p>Shares of Elon Musk's SpaceX ended nearly 5% higher, paring earlier gains. For much of the session, the rocket and AI company's value was above that of Amazon, and it briefly surpassed Microsoft's valuation, as retail investors continued to pour into the stock after its record-breaking IPO.</p><p>But Amol Dhargalkar, chairman and managing partner at Chatham Financial, warned of several risks that could trigger volatility for SpaceX and other AI-related stocks.</p><p>"I think that's a really difficult position to be in as a retail investor, especially when you consider the fact that there is a lot of risk, not just in the business model, but these are names where the cash flows are likely far into the future.&nbsp;And we are not in a period of 0% or negative interest rates or even declining interest rates at this point.&nbsp;</p><p>There's a lot of question as to whether interest rates will continue to be flat or will they go up.&nbsp;And that can certainly be a meaningful drag on valuations of high growth companies, especially where that growth is out far into the future."</p><p>Investors will look for clues on where interest rates are headed when the Federal Reserve concludes its latest two-day policy meeting on Wednesday, with Kevin Warsh holding his first press conference as Fed chair.</p><p>Other stocks on the move included shares of Olin, which sank nearly 6% after the chemical producer said it would acquire Huntsman in an all-stock deal valued at more than $2.4 billion. Huntsman shares also fell as the offer stood at a discount to the stock's recent price.</p><p>:: Yum Brands</p><p>And shares of Yum Brands rose after the fast-food company said it would sell its Pizza Hut chain for $2.7 billion, against a backdrop of softer consumer spending across the fast-food industry.</p></body>

Forget P&G: This Defensive Cash-Flow Powerhouse Just Beat Earnings and Is a Best Buy Today
24/7 Wall St.52d agobullish
Forget P&G: This Defensive Cash-Flow Powerhouse Just Beat Earnings and Is a Best Buy Today

Procter & Gamble (NYSE:PG) is the household name every retirement portfolio reaches for when markets get choppy, and its $350.4 billion market cap makes it the default consumer defensive trade on every desk. The internals tell a different story. The Crowded Trade Is Quietly Cracking P&G beat its most recent quarter, but the internals are ... Forget P&G: This Defensive Cash-Flow Powerhouse Just Beat Earnings and Is a Best Buy Today

Investing.com52d agobullish
SpaceX surges past Amazon, briefly tops Microsoft in market cap

The move builds on an already historic run. SpaceX priced its IPO at $135 per share on June 12, 2026, in what was the largest public offering in history, raising $75 billion initially. Underwriters exercised their greenshoe option on June 15, lifting total proceeds to $85.7 billion. Tuesday's close puts SPCX up roughly 50% from its IPO price in just four trading sessions, a pace that has rattled even the most seasoned market observers.

The Best Energy ETFs to Buy
Kiplinger52d agobullish
The Best Energy ETFs to Buy

Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.

SpaceX Buys Cursor Fresh Off An $86 Billion IPO
Moby52d agobullish
SpaceX Buys Cursor Fresh Off An $86 Billion IPO

Days after raising a record $85.7 billion in its IPO, SpaceX agreed to acquire AI coding startup Anysphere in a $60 billion stock deal, giving Elon Musk a foothold in one of AI’s fastest-growing software markets.

Bloomberg52d agobullish
Apple Plans Camera AirPods Alongside Upgraded Foldable iPhone in 2027

(Bloomberg) -- Apple Inc.’s upcoming camera-equipped AirPods, a product meant to vault the company into the AI device market, is scheduled to launch in late 2027 as part of a flurry of new releases.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealStudios in Microsoft’s Xbox Division Brace for ClosuresSpaceX Cements $60 Billion Cursor Takeover Following IPOSpaceX Set to Overtake Amazon in Value as It Soars fo

Databricks strikes deal to buy Panther Labs in cybersecurity push
Reuters52d agobullish
Databricks strikes deal to buy Panther Labs in cybersecurity push

Databricks on Tuesday said it agreed to buy the ‌startup Panther Labs, as the U.S. ‌data analytics provider pushes deeper into the cybersecurity business. The acquisition, ​Databricks' third in this area, furthers its aim to compete with security management incumbents like CrowdStrike and Cisco's Splunk. Databricks declined to comment on ‌the deal terms.

Gas Prices Pushing Some Car Buyers Away From Pickup Trucks, GM Exec Says
The Wall Street Journal52d agobullish
Gas Prices Pushing Some Car Buyers Away From Pickup Trucks, GM Exec Says

General Motors is seeing consumer preferences shift away from pickup trucks, full-size utility vehicles and its more gas-reliant vehicles following fuel price increases, GM’s North American chief Duncan Aldred said. Aldred cautioned that GM isn’t convinced that the shift will be permanent. It’s historically taken six months or more before high gas prices prompt buyers to consider more fuel-efficient vehicles.

Bloomberg52d agobullish
SpaceX Set to Overtake Microsoft, Amazon in Value as Stock Soars

(Bloomberg) -- SpaceX shares jumped on Tuesday, putting the firm on track to overtake both Amazon.com Inc. and Microsoft Corp. to become the fourth largest publicly traded company in the world just days after its blockbuster debut.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealStudios in Microsoft’s Xbox Division Brace for ClosuresUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds W

Chip stocks jump as Strait of Hormuz reopens
TheStreet52d agobullish
Chip stocks jump as Strait of Hormuz reopens

Memory and storage chip companies surged on Monday, June 15, after the United States and Iran announced a peace agreement that will reopen the Strait of Hormuz. The rally didn't come about because the AI trade suddenly changed; it came about because the single biggest threat to it just got removed. ...

SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
Reuters52d agobullish
SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push

Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, ‌for $60 billion, in a bid to ramp up its presence in the ‌enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuster ​Nasdaq debut that valued the firm at more than $2 trillion and immediately made it one of the world's most valuable companies. SpaceX said it expects the merger to close during the third quarter of 2026.