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Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
Reuters53d agoneutral
Amazon may face penalties from potential FTC ad suit, Bloomberg News reports

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.

Here’s Why Apple Inc (AAPL) Is Falling Despite AI Advancements at WWDC 2026
Insider Monkey53d agobearish
Here’s Why Apple Inc (AAPL) Is Falling Despite AI Advancements at WWDC 2026

Apple Inc. (NASDAQ:AAPL) shares have declined following important AI-related announcements at the WWDC 2026 conference. The falling investor sentiment comes as the company was not able to meet AI advancement expectations. However, the Street sees the conference as a meaningful step for Apple. Apple Inc. (NASDAQ:AAPL) is also one of our Top Stocks to Buy […]

Palantir stock faces hidden AI risk after Google deal
TheStreet53d agoneutral
Palantir stock faces hidden AI risk after Google deal

Palantir Technologies (PLTR) has spent years trying to convince Wall Street that it can become one of the most important software companies in the artificial intelligence boom. Its most recent action does just that. Palantir said on June 4 its software is available through the Google Cloud ...

Could SpaceX Overtake Nvidia As The World's Biggest Company In 2026?
Benzinga53d agoneutral
Could SpaceX Overtake Nvidia As The World's Biggest Company In 2026?

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 Just Raised $12 Billion. He’s Betting His Newest Business Will Create the Next Elon Musk or Henry Ford
24/7 Wall St.53d agoneutral
Jeff Bezos Just Raised $12 Billion. He’s Betting His Newest Business Will Create the Next Elon Musk or Henry Ford

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

Who Is The World’s Second Richest Person?
24/7 Wall St.53d agoneutral
Who Is The World’s Second Richest Person?

After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?

SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings
24/7 Wall St.53d agoneutral
SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

CNBC’s Leslie Picker walked viewers through the mechanics of last week’s blockbuster listing on June 15. She framed SpaceX (NASDAQ: SPCX) as more than the biggest IPO ever priced. “Friday’s debut went off really smoothly. There were no technology glitches in the 19% day one gain meant that those who received allocation generated a pretty ... SpaceX’s 20% IPO Pop Signals Strong Demand Ahead of Megacap Listings

DTE Energy Emerges as a Top AI Infrastructure Beneficiary
24/7 Wall St.53d agoneutral
DTE Energy Emerges as a Top AI Infrastructure Beneficiary

Our 24/7 Wall St. price target for DTE Energy (NYSE:DTE) is $161.25 over the next 12 months, implying 9.38% upside from the current price of $147.42. I rate DTE a buy with high confidence. The hyperscaler data center pipeline, expanded capital plan, and constructive Michigan regulatory backdrop give this defensive utility a credible path to ... DTE Energy Emerges as a Top AI Infrastructure Beneficiary

Investing.com53d agoneutral
Google to spend $1.5 billion on Alabama data center expansion

The expansion will build out Google's existing campus in Jackson County, which sits on the former TVA Widows Creek coal plant site and has been operational since 2019. Google said it has now invested more than $2 billion in Jackson County since first arriving in 2018, and the latest phase is expected to bring more than 1,000 contract workers to the region during construction.

SpaceX (SPCX) Is Buying Cursor For $60 Billion To Push Deeper Into AI
Simply Wall St.54d agobullish
SpaceX (SPCX) Is Buying Cursor For $60 Billion To Push Deeper Into AI

SpaceX, NasdaqGS:SPCX, announced a US$60b all stock acquisition of AI coding startup Cursor (Anysphere). The deal marks SpaceX’s first major M&A transaction as a public company. Management framed the purchase as a way to deepen enterprise AI capabilities and expand beyond space and connectivity. SpaceX, NasdaqGS:SPCX, is best known for launch services and satellite connectivity, but the Cursor acquisition signals a broader push into enterprise AI and software. The move follows its IPO and...

SpaceX Jumps 14% Past $2.9 Trillion, Closes In on Microsoft, Apple After $60 Billion Cursor Deal
24/7 Wall St.54d agobullish
SpaceX Jumps 14% Past $2.9 Trillion, Closes In on Microsoft, Apple After $60 Billion Cursor Deal

Shares of SpaceX (NASDAQ:SPCX) are up 14% in early trading Tuesday, zooming to $219. This pushes the newly public rocket and connectivity giant’s market cap past $2.9 trillion, putting SPCX stock within striking distance of the world’s biggest tech names. The trigger is a blockbuster acquisition announcement. SpaceX confirmed it will acquire Anysphere, the company ... SpaceX Jumps 14% Past $2.9 Trillion, Closes In on Microsoft, Apple After $60 Billion Cursor Deal

A Researcher Who Left the AI Labs Predicted Google’s Stock Would “Explode”
24/7 Wall St.54d agoneutral
A Researcher Who Left the AI Labs Predicted Google’s Stock Would “Explode”

Back in June 2024, researcher Leopold Aschenbrenner left OpenAI’s superalignment team and predicted that Alphabet (NASDAQ:GOOGL) stock would “explode.” Two years later, that call has aged remarkably well. The stock has done exactly what he said it would, and the underlying business matches the picture he sketched.”I care about it once you get the AI ... A Researcher Who Left the AI Labs Predicted Google’s Stock Would “Explode”