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Elon Musk will have unassailable control over SpaceX's future.

Fed Chair Kevin Warsh sees room to lower interest rates, but President Trump's actions have essentially made rate cuts impossible.

The May inflation report sets the stage for Fed Chair Kevin Warsh and the Federal Open Market Committee (FOMC) to act.

Ribbit Capital was an early backer of Robinhood, Coinbase, Nubank, Revolut, Affirm and other major fintech firms.

C3.ai’s first quarter results were shaped by a steep year-over-year revenue decline, which management attributed primarily to underperformance in sales execution rather than product or market demand issues. CEO Thomas Siebel described recent sales as “unspeakably horrible” and “completely unacceptable,” citing a lack of discipline and focus in the go-to-market strategy. The company responded by overhauling its sales, product, and services organizations and initiating a significant cost-reduction

The new Fed chair is caught between the proverbial rock and a hard place.

(Bloomberg) -- New York City Comptroller Mark Levine says the unprecedented control that Elon Musk will have over SpaceX represents a new level of disregard for regular shareholders’ rights.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapSurface Naval Drone Rescued Downed US Apach

SEOUL, June 10 (Reuters) - Leveraged stock investments by South Korean retail investors have reached their limits set at local brokerage firms as the country's world-beating stock market rally

Only one bank can occupy the coveted lead underwriter position for this year's hottest AI IPOs.

It’s tough being in the dining-out business right now. Soaring food costs are keeping families at home. Still, there are companies that can grow.

A single initiative will have a huge impact on SpaceX's growth prospects.

The chief executive of Xpeng said on Wednesday he would personally lead the company’s robotics business, ‌as the Chinese electric vehicle maker — emerging as a ‌frontrunner in humanoid robotics among automakers — pushes toward mass production by year-end. "The (robot) industry is ​becoming increasingly hot and competitive, and we have clearly seen the direction and timing of victory, but it still requires more arduous implementation and extremely high decision-making ability," Xpeng CEO He Xiaopeng said in an internal ‌letter reviewed by Reuters. He ⁠said the decision to take on the role of "CEO" of the robotics unit, effective immediately, comes "on the eve ⁠of mass production and commercialisation" of Xpeng's humanlike IRON robots, which debuted last year.

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported a 30% rise in its monthly sales, reflecting continued strength in demand spurred by a global rush to build AI infrastructure. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapSurface Naval Drone Rescued Downed US Apache

Options trading on the new stock likely to start on June 16. Volume, and volatility, could be off the charts.

SpaceX's imminent market debut is driving fresh attention toward satellite and aerospace names across the sector.

By Mirko Miorelli and Inti Landauro ROME, June 10 (Reuters) - Ride-hailing app Bolt launched operations in Milan on Wednesday in the first stage of a push to shake up the Italian urban transport

Century Aluminum (NASDAQ:CENX) used a fireside chat at the Wells Fargo Industrials and Materials Conference to frame its investment case around tight aluminum markets, U.S. and European production exposure, and a planned new smelter in Oklahoma. Timna Tanners, Building Materials and Metals and Mini

Oracle reports fourth-quarter earnings on Wednesday afternoon as it continues to disrupt its own legacy software business with cloud software and services. Wall Street analysts are expecting the company to report $1.96 in adjusted earnings per share, up from $1.70 the year before. With sales of its mature business software stalled, in 2019 Oracle began running the Microsoft cloud-pivot playbook.

ProShares will launch SPCF, a 2x daily SpaceX ETF, on June 12 as the record IPO draws $250 billion in demand.

(Bloomberg) -- SoftBank Group Corp.’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, people familiar with the matter said, just weeks after the Japanese conglomerate cut its initial target from $10 billion.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-

Broadcom (AVGO) just posted the kind of quarter most chipmakers can only dream about. Record revenue, AI sales up triple digits, and a growing roster of marquee customers. Then the stock fell. Shares of Broadcom dropped 12.59% on June 4 to close at $418.91, the steepest one-day fall in over a year. ...

Devon outlined its first combined-company outlook following the completion of its merger with Coterra Energy.

<body><p>STORY: SpaceX is drawing strong investor demand ahead of what could be the largest IPO on record.</p><p>Sources have told Reuters the company has already attracted more than $250 billion in interest—over three times the roughly $75 billion it plans to raise.</p><p>Trading in the stock is set to begin Friday (June 12) on the Nasdaq, with a target price of $135 per share.&nbsp;</p><p>The high demand underscores strong appetite for the offering, even as global markets remain volatile.</p><p>Investor interest is being driven in part by SpaceX’s growth outlook, including its Starlink satellite internet business and its artificial intelligence offerings.&nbsp;</p><p>It also has plans for data centers in space.&nbsp;</p><p>Elon Musk's firm claims in its IPO documents that it is "the only company with a commercially viable path to building orbital AI compute at scale."</p><p>Sources say the company has outlined plans to begin testing space-based AI computing systems by late 2027.</p><p>SpaceX says the approach could help address constraints on Earth, such as power and infrastructure, by moving data-center capacity into orbit.</p><p>The initiative depends on its giant Starship rocket being able to reduce launch costs, though it has faced repeated development delays.&nbsp;</p><p>:: Archive</p><p>SpaceX is targeting a valuation of around $1.75 trillion in this week's offering.</p></body>

SpaceX is preparing for one of the most anticipated public market debuts in history. Elon Musk's aerospace and satellite company is expected to begin trading on the Nasdaq on June 12 with a valuation near $1.75 trillion. The offering could raise as much as $86 billion, potentially making it the ...

Creative software giant Adobe (NASDAQ:ADBE) will be reporting earnings this Thursday after market close. Here’s what you need to know.

Analysts also flagged risks, including shareholder opposition and regulatory scrutiny from Tesla's China exposure.

June 10 (Reuters) - Facebook-parent Meta said on Wednesday that it has tied up with Indian billionaire Mukesh Ambani's Reliance Industries for an AI-enabled data center in India.

OpenAI is ‌in negotiations ‌to lease a ​proposed 10-gigawatt data center campus on federal ‌land ⁠in Ohio, in a ⁠deal that could include ​financial ​backing ​from Nvidia, ‌The Information reported on Tuesday, citing two people with ‌direct ​knowledge ​of ​the discussions. Reuters ‌could not immediately ​verify ​the report.

The VanEck Semiconductor ETF (NYSEARCA:SMH) closed Friday at $599, capping a stretch in which SMH has returned roughly 146% over the past year and tacked on nearly 20% in May alone. SMH is up about 66% year to date, and the rally has been driven less by NVIDIA than most holders assume. Because the fund ... SMH ETF Investors: Watch Hyperscaler Capex Guidance at July Earnings Calls

Despite dropping from all-time highs, CoreWeave stock remains 145% above its IPO price.