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Three Reasons SpaceX Stock Is Trading Badly. (One Is China.)
Barrons.com74d agoneutral
Three Reasons SpaceX Stock Is Trading Badly. (One Is China.)

After a few rough days of trading, SpaceX stock is only a few dollars away from breaking its IPO price. The average analyst price target is about $240, valuing SpaceX at about $3.2 trillion. SpaceX picked up another Buy rating on Tuesday, with Evercore ISI launching coverage.

Frontier joins airlines betting on Starlink to lure travelers
Reuters74d agoneutral
Frontier joins airlines betting on Starlink to lure travelers

Frontier Airlines said on Tuesday it will launch in-flight Wi-Fi using SpaceX's ‌Starlink satellite internet and start installing it across ‌its fleet in early 2027. The Denver-based airline is the first ultra-low-cost U.S. ​carrier to sign on with Elon Musk's Starlink as the company competes with Amazon's Kuiper for airline customers to provide in-flight Wi-Fi. Frontier's Starlink rollout follows the airline's introduction of first-class seating and loyalty program changes ⁠aimed at winning over higher spenders.

Goldman Sachs Profit Soars as Trading and Dealmaking Fuel Strong Second Quarter (GS)
InvestorsHub74d agobullish
Goldman Sachs Profit Soars as Trading and Dealmaking Fuel Strong Second Quarter (GS)

Goldman Sachs (NYSE:GS) reported a sharp increase in second-quarter profit as stronger investment banking activity and record equities trading revenue drove robust financial performance. The bank benefited from an active mergers and acquisitions market and heightened trading volumes as investors repositioned portfolios amid geopolitical tensions in the Middle East, rising oil prices and uncertainty surrounding the outlook for U.

Investment Bankers Are Raking It In
The Wall Street Journal74d agoneutral
Investment Bankers Are Raking It In

The story of the day looks like huge investment banking results across the biggest banks. JPMorgan Chase’s fees from investment banking, which includes advising companies and raising and selling debt and equity, rose 30%.

Bloomberg74d agoneutral
Goldman Blows Past Stock-Trading Records With $7.42 Billion Boon

(Bloomberg) -- Goldman Sachs Group Inc. trounced its own Wall Street stock-trading records, posting $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Le

Bloomberg74d agoneutral
JPMorgan Notches Record Profit on $6 Billion Stock-Trading Haul

(Bloomberg) -- JPMorgan Chase & Co. reported its highest quarterly profit ever as stock traders blew past analysts’ estimates and a long-held Visa Inc. stake paid off to the tune of $4.6 billion.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleDisney Exiting Streaming Coul