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Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.”
24/7 Wall St.65d agoneutral
Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.”

Bloomberg’s Balance of Power covered the story on Thursday, June 11, that President Trump announced he was calling off the planned U.S. military strikes against Iran, with a memorandum of understanding potentially being signed within days. Markets responded immediately: the S&P 500 closed up 1.8%, and the Nasdaq rallied close to 3% on the de-escalation ... Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.”

Indexes Climb Ahead of SpaceX Trading Debut
The Wall Street Journal65d agobullish
Indexes Climb Ahead of SpaceX Trading Debut

It's not all SpaceX in markets today. A big gain from Goldman Sachs is boosting the Dow Jones Industrial Average. The blue-chip index recently added around 400 points, or 0.8%. The S&P 500 rose 0.5%. The tech-heavy Nasdaq advanced about 0.

SK Hynix to opt for Nasdaq for planned US listing, sources say
Reuters Videos65d agoneutralVIDEO
SK Hynix to opt for Nasdaq for planned US listing, sources say

<body><p>STORY: SK Hynix is looking to choose the Nasdaq for its planned U.S. listing.</p><p>That's what two sources told Reuters.</p><p>The planned listing could come as soon as August and follows a 230% surge in the company's share price this year.</p><p>The U.S. listing is expected to widen the company's investor base and raise its profile among global investors.</p><p>The sources said the company chose Nasdaq over the New York Stock Exchange.</p><p>SK Hynix declined to comment.</p><p>Nasdaq wasn't immediately available ​for comment outside business hours.</p><p>Nasdaq is home to many of the world's largest tech firms and chipmakers.</p><p>It includes Nvidia, Microsoft, Alphabet and other heavyweights.</p><p>SK Hynix is the world's second-largest memory chipmaker and a key supplier to Nvidia.</p><p>The CEOs of both companies met in South Korea earlier this week.</p><p>They said they signed a multi-year technology partnership that would advance next-generation memory for global AI data centers.</p><p>SK Hynix is a big player in the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers.</p><p>Reuters earlier reported SK Hynix received - quote - "tremendously positive" feedback on the U.S. listing plan.</p><p>The firm cited strong AI demand and its position in the memory-chip market.</p></body>

Bloomberg65d agoneutral
SpaceX Staff Gather for Bell Ringing Parties in Texas, NYC

(Bloomberg) -- Even SpaceX’s opening bell ceremonies at the Nasdaq stock market were a first-of-their-kind affair.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThousands of SpaceX employees helped ring in the company’s public

SpaceX IPO raises $75B, Musk set to become a trillionaire
Yahoo Finance Video65d agoneutralVIDEO
SpaceX IPO raises $75B, Musk set to become a trillionaire

SpaceX (SPCX) officially debuted on the Nasdaq Composite (^IXIC) on Friday, making history as the largest-ever initial public offering (IPO). Yahoo Finance Senior Reporter Brooke DiPalma shares Elon Musk's initial reaction to becoming a trillionaire.

The VC firms winning big and netting billions from SpaceX IPO
Yahoo Finance Video65d agoneutralVIDEO
The VC firms winning big and netting billions from SpaceX IPO

Wall Street is abuzz on Friday with Elon Musk's trillion-dollar SpaceX (SPCX) IPO set to make history with a valuation of $1.77 trillion. Bloomberg reports that several venture capital firms, including the Founders Fund and Andreessen Horowitz, will net tens of billions of dollars from SpaceX's public launch. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss the biggest winners from SpaceX's IPO.

SpaceX raises $75B in historic IPO, valued at $1.77 trillion
Yahoo Finance Video65d agoneutralVIDEO
SpaceX raises $75B in historic IPO, valued at $1.77 trillion

The big day is here as SpaceX (SPCX) prepares to go public on the Nasdaq via its historic IPO. Elon Musk's space operator raised $75 billion after pricing 555,555,555 shares at $135 each. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss SpaceX's IPO pricing.