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SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?
24/7 Wall St.79d agobearish
SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?

SpaceX (NASDAQ:SPCX) stock is down 8% on Thursday, June 18, sliding to $176 a day after the Federal Reserve’s latest policy decision. The pullback broke a three-day winning streak, the first losing session since the company’s IPO on June 12. SPCX stock touched a session high of $188.40 and then dropped quickly. That volatility, following ... SpaceX Drops 8% as the Post-IPO Cooldown Deepens: Profit-Taking or Fading Hype?

Gas prices fall but chip demand is causing a new headache
Yahoo Finance Video79d agobearishVIDEO
Gas prices fall but chip demand is causing a new headache

Consumers may finally be getting some relief at the pump, with gas prices falling to their lowest levels since March following the Iran peace deal. But any savings could be offset elsewhere, as the AI-driven chip shortage pushes up the price of Apple (AAPL) iPhones. Hennion & Walsh CIO Kevin Mahn and Yahoo Finance Senior Business Reporter Ines Ferre join Julie Hyman to discuss the latest pressures on consumers and how the Fed is navigating the shifting inflation landscape.

Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.
Barrons.com79d agobearish
Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.

Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.

Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal
Reuters79d agobearish
Accenture to take majority stake, acquire cybersecurity firms in $4.18 billion deal

Consultancy firm Accenture said on ‌Thursday it will ‌buy a majority stake ​in Dragos and fully acquire runZero and NetRise in a ‌combined deal ⁠valued at $4.18 billion. Shares of the ⁠Dublin, Ireland-based company fell about 5% ​in premarket ​trading. Separately, ​the company ‌also cut the top end of its annual revenue forecast.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga79d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

Analyst hikes Robinhood price target after job cuts
TheStreet79d agobearish
Analyst hikes Robinhood price target after job cuts

Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt in 2013, Robinhood Markets (Nasdaq: HOOD) is a brokerage platform that has become popular with its stock, cryptocurrency, tokenized stock, and event prediction contract offerings. The company made news on June 16 when it ...

Michael Saylor reveals key reason for Bitcoin's crash
TheStreet79d agobearish
Michael Saylor reveals key reason for Bitcoin's crash

Michael Saylor used a high-profile appearance at BTC Prague to address two separate issues at once: criticism over Strategy's (Nasdaq: MSTR) recent Bitcoin sale, and his own theory for why Bitcoin has been lagging this year. Speaking with Natalie Brunell, the Strategy co-founder and executive ...

Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends
Barrons.com79d agobearish
Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends

Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.

Stocks Fall as Warsh Downplays Market Reaction
Barrons.com79d agobearish
Stocks Fall as Warsh Downplays Market Reaction

Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.

Mizuho sees something in QBTS stock the market is missing
TheStreet79d agobearish
Mizuho sees something in QBTS stock the market is missing

2026 has not been the best year for shares in quantum computing darling D-Wave Quantum’s (QBTS). The company kept posting engineering wins and a fast-growing order book, yet the stock kept sliding, with a year-to-date decline of 14.9% at the time of writing. That disconnect is what Wall Street ...

Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027
Barrons.com80d agobearish
Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027

Fed policymakers now see no interest rate cuts in 2026 after previously projecting one cut for this year back in March. Officials estimate their target range for the federal-funds rate will be 3.8% at the end of 2026, unchanged from its current level, according to the so-called "dot plot" from the Fed's latest Summary of Economic Projections released Wednesday. Notably, nine officials projected the Fed’s benchmark interest rate to be higher than it is today by the end of the year.

Investing.com80d agobearish
Berenberg downgrades Cognizant as AI risks cloud IT services outlook

Investing.com -- Artificial intelligence-driven disruption is increasing pressure on the IT services industry, prompting Berenberg to turn more cautious on the sector as concerns grow over AI-led pricing deflation, uncertain value capture and a lack of near-term catalysts for a valuation recovery.