News

Space Exploration Technologies (SPCX) has agreed to acquire Anysphere, which operates artificial int

June 16 (Reuters) - The blue-chip Dow touched a fresh record high on Tuesday as oil prices slid further on optimism around a U.S.-Iran peace deal, while SpaceX surpassed Amazon's market value to

Elon Musk has added a further $400bn (£300bn) to his wealth just days after becoming the world’s first trillionaire thanks to a surge in SpaceX’s share price.

SpaceX boosts AI business with $60 billion deal for Cursor. Elon Musk makes this bold revenue target. SPCX stock surges.

SpaceX is now bigger than Amazon. Its shares are more popular than every other stock on the market, combined. And it just bought an AI company for $60 billion.

Options on SpaceX stock are scheduled to begin trading when the stock market opens on Tuesday. The options trading is likely to boost the stock, though it could create some intraday price swings. Demand for the stock is so high that the options are likely to be among the most actively traded in the entire options market, joining a pedigreed club that includes Apple Amazon com, Nvidia Meta Platforms, and others in an exclusive club.

Lidl, Asda, Amazon and B&Q among chains in talks to sell devices that feed into household sockets and can cut electricity bills by 30%

SpaceX’s after-hours high last night at $229.85 briefly pushed its market value above $3 trillion, leapfrogging two of the largest companies in the world. Amazon (NASDAQ:AMZN) carries a market cap of $2.57 trillion, and Microsoft (NASDAQ:MSFT) sits at $2.90 trillion. Shares of SpaceX aren’t trading at quite such lofty heights this morning; they’re currently trading for ... SpaceX Just Passed the Value of Amazon and Microsoft. At What Share Price Does it Become the World’s Most Valuable Company?

BANGALORE, June 16 - Indian online grocery retailer Bigbasket on Tuesday appointed Amit Nanda as its CEO, replacing co-founder Hari Menon, who will continue to serve on the board.

Investing.com - U.S. stock futures were little changed on Tuesday, while oil prices extended recent losses, as investors awaited further details on a preliminary peace agreement between the United States and Iran.

New data center expands cloud capacity push

Workday Inc. (NASDAQ:WDAY) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 2, Workday Inc. (NASDAQ:WDAY) announced a new integration between its data cloud and Amazon Web Services. This integration will allow developers to use Workday’s HR and financial data with Amazon Web Services. Moreover, this will make […]

A cash-heavy balance sheet is often a sign of strength, but not always. Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow.

(Updates with Palantir's statement in the fourth and sixth paragraphs and additional background deta

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.View on euronews

Anyone who bet the farm on Elon Musk's Space Exploration Technologies' IPO is counting their lucky stars.

The Montgomery County project will create over 400 full-time jobs and generate hundreds of millions in new tax revenue

SpaceX stock was trading around $213 in early Tuesday pre-market trading, pushing its market cap to $2.84 trillion

Although the AI buildout has minted trillions in fresh market value across Wall Street, Howard Marks thinks buyers of these stocks are kidding themselves about what they actually own. On a recent Prof G Markets appearance, Oaktree Capital co-founder Marks laid out a spectrum running from “analytical investing in prosaic, understandable companies” to “speculative investing ... Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis

Highflying technology and artificial intelligence stocks are climbing early Tuesday but the rally isn't nearly as broad-based as the previous session.

June 16 (Reuters) - U.S. stock index futures were subdued on Tuesday as investors switched focus to the first interest rate decision under new Federal Reserve Chairman Kevin Warsh, while SpaceX

↗️ SpaceX (SPCX): Shares of Elon Musk’s rocket company are poised for another day of gains, following a two-day rally that pushed the stock up about 43% from its IPO price. Shares advanced 9% premarket.

The rocket and AI company’s shares jumped 20% on Monday. It was the second largest one-day gain in market valuation for a U.S. company ever.

Amazon plans a major data center expansion in Missouri backed by community funding, infrastructure upgrades, and job creation.

Shares of Elon Musk's SpaceX rose ‌more than 10% ‌in premarket trading on Tuesday, putting ​the company on course to overtake Amazon.com in market value to become the ‌world's fifth‑largest ⁠company, as it extended a post-IPO rally. The ⁠stock, which surged more than 19% on Monday, ​was last ​up ​10.1% at $211.8, giving ‌the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon was last valued at $2.66 trillion.

Cerebras Systems (NasdaqGS:CBRS) has secured a multi billion dollar deal with OpenAI. The company has also announced a partnership with Amazon, expanding its role in AI infrastructure. These announcements highlight fresh commercial traction with major AI and cloud players. Cerebras Systems focuses on purpose built AI compute, aiming to serve workloads that require intensive training and inference. The recent agreements with OpenAI and Amazon place the company directly alongside leading AI...

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm

In a Fortune exclusive, Adobe and LinkedIn announce new coursework designed to teach marketing professionals how to properly use AI.

Amazon.com, Inc. (NASDAQ:AMZN) is among the 10 Stocks ChatGPT Predicts Could Make You Wealthy in 3 Years. As of the close of business on June 12, the stock is a Strong Buy with an average share price upside potential of 34%. Recent updates include BofA, which on June 11 maintained its Buy rating with a […]

Breaking down the retailer's top 10 products by online sales this month, according to data from Market Defense.