Morningstar cut its fair value estimate to $62 from $63 after the Cursor acquisition, implying a 69% downside from current levels.
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The small speaker on my bedroom dresser, a basic Amazon Echo Dot, gets used multiple times each day without fail. In the morning, I know how to dress without looking out the window or setting foot outside by asking "Alexa, what's the weather today?" When my imagination is running wild at nighttime, ...
Amazon is reportedly facing a potential FTC lawsuit that could result in billions of dollars in penalties tied to claims of misleading advertisers on its platform.
Amazon.com (AMZN) is facing a potential lawsuit from the U.S. Federal Trade Commission over allegati
Plus, the U.S.-Iran deal lets Tehran sell oil immediately, and a former drug dealer’s shows make millions without Hollywood.
The FTC has drafted a potential complaint against Amazon as part of an ongoing investigation, Bloomberg reported, with multiple state attorneys general also involved alongside the federal regulator. The agency may resolve the matter, either through a formal lawsuit or a negotiated settlement, as soon as this summer. Any final action would require a vote from the FTC's two Republican commissioners, Chairman Andrew Ferguson and Commissioner Mark Meador.
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.
NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-
It could be a great move by the billionaire hedge fund manager.
Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google misled advertisers that place ads on their websites, Reuters reported last year.

The Trump administration pushes harder on Anthropic (ANTH.PVT) after the private AI developer pulled its Claude Mythos and Fable 5 models from the market in response to demands to cut AI product access to foreign governments. Yahoo Finance Tech Editor Dan Howley joins the Market Domination team in reporting on the day's biggest tech headlines.
Yahoo Finance Markets & Data Editor Jared Blikre tracks SpaceX's (SPCX) historic rise following its IPO debut on Friday. The aerospace giant has been on a meteoric run, jumping to become the fourth-largest company in the world by market capitalization as investors pile into one of the market's most closely watched new listings.
The optics told the story before the lawyers did. At the recent America 250 UFC card on the White House lawn, Mark Zuckerberg sat ringside while Anthropic CEO Dario Amodei was nowhere to be found. According to TBPN hosts John Coogan and Jordi Hays, that single frame captured a widening political and cultural gap that ... Mark Zuckerberg’s Ringside Seat is Becoming A Big Problem for Anthropic
SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company above Amazon into fifth place in market value as a record-breaking IPO gives way to a torrid buying frenzy.Shares of SpaceX have soared about 40 percent in three sessions since last week's IPO, which raised a record-breaking $85.7 billion.
Amazon.com Inc (NASDAQ:AMZN) is one of billionaire Ken Fisher’s top high growth stock picks. Analysts see Amazon shares gaining at least 30% over the next 12 months. On June 7, UBS reaffirmed its Buy rating on Amazon.com Inc (NASDAQ:AMZN) stock. For this call, the firm cited Amazon’s growing cloud business amid AI-driven demand for computing […]
Amazon.com, Inc. (NASDAQ:AMZN) ranks among our Top Stocks to Buy and Hold for the Long Term. On June 11, the company announced the official availability of Alexa+, which is Amazon’s next-gen AI assistant, for all Canadian customers. Management of Amazon.com, Inc. (NASDAQ:AMZN) noted that all Prime members get full access at no extra cost, making […]
SpaceX stock spiked near $212 then fell toward $202 as RSI cooled, putting Fibonacci support at $201 in focus.

<body><p>STORY: Elon Musk's SpaceX is now worth more than Amazon.</p><p>:: SpaceX</p><p>:: Amazon</p><p>Shares of the rocket maker soared as much as 17% on Tuesday, catapulting the company's market value past Amazon's and briefly above Microsoft's.</p><p>That makes SpaceX the fifth most valuable company in the world... just days after its blockbuster public debut.</p><p>If the gains hold, shares will have jumped more than 60% above the $135 IPO price, giving SpaceX a market cap of around $2.8 trillion. </p><p>Not bad for a company that reported a net loss last year of nearly $5 billion.</p><p>The stock rally is likely to continue as SpaceX gains fast-track inclusion in the Nasdaq 100, making it a major holding for passive funds and ETFs that track the index.</p><p>FTSE Russell and MSCI are also set to add the stock to their indexes, effective later this month.</p><p>SpaceX options also began trading on Tuesday. More than half a million contracts changed hands in just the first hour, making SpaceX the most heavily traded name ever among companies on their first day of trading options, according to Trade Alert data.</p><p>The company also made news by announcing on Tuesday that it will buy Anysphere, the startup behind the popular AI coding agent Cursor, in an all-stock deal valued at $60 billion.</p><p>The acquisition aims to give SpaceX's xAI a stronger hold in the revenue-generating business of AI coding.</p></body>
(Updates with index/price moves, macroeconomic data, and political/company news from the first parag
I keep buying Amazon (NASDAQ:AMZN) and I am not going to apologize for it. The stock is down 6.86% over the past month while CNBC anchors argue about June inflation prints, and every time my brokerage screen flashes red I add a few more shares. This is a position I have been compounding into because ... Here Is the 1 Unstoppable $70 Billion Growth Machine I Keep Buying Hand Over Fist
Space Exploration Technologies Corp. (NASDAQ:SPCX) just became the fifth-most-valuable company on the planet — and it took three trading sessions to do what Amazon.com Inc. needed nearly three decades to achieve. Elon Musk's rocket and satellite company priced its initial public offering at $135 a share on June 12 in the largest IPO in history. By midday Tuesday, the stock had jumped nearly 60% to around $213, lifting its market value to nearly $2.75 trillion and pushing it past Amazon's roughly
Jeff Bezos is back in an operating seat for the first time since stepping down from Amazon (NASDAQ:AMZN), pointing a $12 billion war chest at what he calls the engine of civilizational wealth: invention itself. In a CNBC interview on June 11, 2026, Bezos and co-CEO Vik Bajaj outlined Prometheus, a Series B round raising ... Jeff Bezos Just Raised $12 Billion. He’s Betting His Newest Business Will Create the Next Elon Musk or Henry Ford

Scott Melker discusses SpaceX's (SPCX) trading frenzy, outlines the skepticism surrounding the company's valuation, and puts CEO Elon Musk's wealth into context. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.