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The company will add two directors chosen by Chip Wilson, who has agreed to stop criticizing it for 18 months.

The company will add two directors chosen by Chip Wilson, who has agreed to stop criticizing it for 18 months.

The technical Wall Street term for investors short-selling space stocks right now is “getting your face ripped off.” Shares of commercial space companies are on fire lately. Coming into Wednesday trading, shares of Rocket Lab and AST SpaceMobile to name two, were up 74% and 55%, respectively, over the past month, leaving them both up more than 380% over the past 12 months.

U.S. PayPal users can now make purchases across ‌China using WeChat Pay's QR-code ‌merchant network, Tencent Financial Technology said on Wednesday, ​adding the service will be rolled out to PayPal users in other markets in phases. Tencent's cross-border payment platform ‌TenPay Global ⁠is now connected to PayPal World, Tencent Financial Technology vice ⁠president Daniel Hong said, according to a company social media post. The company ​is offering ​incentives to ​encourage the use ‌of foreign bank cards linked to WeChat Pay, including temporary fee waivers through 2026.

Earnings season is winding down, with nearly all first quarter reports in the rearview mirror.

Earnings season is winding down, with nearly all first quarter reports in the rearview mirror.

Institutional capital is strategically rotating into mid-cap space logistics equities ahead of the highly anticipated initial public offering of SpaceX.

Dick’s Sporting Goods narrowly cleared the bar for the first quarter but a cut in its full-year earnings outlook and cautious guidance sent shares sliding Wednesday. The Pennsylvania-based retailer posted first-quarter adjusted earnings of $2.90 a share, a touch above analysts’ calls for $2.89. Although the company raised the low end of its full-year comparable sales outlook for both the Dick’s and Foot Locker franchises, Dick’s now sees earnings of $13.27 to $14.27 a share, compared with a prior range of $13.70 to $14.70.

By Tom Wilson LONDON, May 27 (Reuters) - Global shares advanced and oil prices eased on Wednesday as markets looked for signs of whether a shaky truce between the United States and Iran will be

A newly revamped rule for megacap initial public offerings (IPOs) may briefly send SpaceX stock to the moon.

Wall Street’s technology stocks looked set to lead markets higher again on Wednesday as investors piled further into the artificial intelligence trade and global equity benchmarks hit fresh record highs. Futures for the Nasdaq 100 were up 0.6% ahead of the opening bell, while contracts for...

-based satellite operator Spire Global have signed ‌a memorandum of understanding to jointly ‌develop space hardware and satellite platforms for European ​defence, weather and security applications. The companies intend to build a sovereign European space hardware and mission business before the end ‌of this decade, ⁠they said in a joint statement on Wednesday.

Schaeffler and U.S.-based satellite operator Spire Global have signed ‌a memorandum of understanding to jointly ‌develop space hardware and satellite platforms for European ​defence, weather and security applications. The companies intend to build a sovereign European space hardware and mission business before the end ‌of this decade, ⁠they said in a joint statement on Wednesday. Spire, which uses ⁠its satellites to provide data, analytics and software products, has the capacity to ​produce between ​300 and 400 ​satellites per year ‌across facilities in the U.S. and Europe.

Chipotle built its brand on the idea that better ingredients justify a higher price. A burrito bowl that costs twice as much as a fast-food combo is a reasonable trade if the quality gap is visible. Now Chipotle is testing something that looks very different from that playbook. And the chain it is ...

Investing.com -- Goldman Sachs has raised its S&P 500 year-end target to 8,000 from 7,600 in a note on Wednesday, citing an exceptionally strong first-quarter earnings season and upgraded profit forecasts, while warning that a bumpy path lies ahead.

(Bloomberg) -- It began as a concession in private conversations to assuage wary credit analysts looking at Paramount Skydance Corp.’s blockbuster takeover of Warner Bros. Discovery Inc.: a verbal pledge by the Ellison family to do whatever it takes to slash debt at the combined company.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia

By Mike Dolan May 27 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chips are indeed blue.

BERLIN, May 27 () - The head of Airbus Defence ruled out the complete ‌failure of the crisis-hit Franco-German FCAS fighter ‌jet project, saying at least a networking system for ​weapons and drone programme would go ahead. • Plans to develop the air combat system risk collapse due to a dispute over control between ‌France's Dassault ⁠Aviation and Airbus, which represents Germany and Spain in the €100-billion ($116 billion) project • ⁠Airbus Defence chief Michael Schoellhorn said on Wednesday he

(Bloomberg) -- Warner Bros. Discovery Inc. tightened pricing on its loan offering on Wednesday, a day after upsizing the deal to around $15 billion, as investor appetite for corporate credit allows borrowers to set favorable terms.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From Kyiv

(Bloomberg) -- As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress on DealA combination of factors including bad weathe

GameStop CEO Ryan Cohen shared few details when he said he would do "whatever we need to do" to buy eBay after the e-commerce company rejected his $56 billion unsolicited takeover bid as "neither credible nor attractive." In early May, Cohen offered eBay's board $125 a share as well as his services as CEO. Half the offer was in cash and half in stock, with the cash portion ‌coming from GameStop's $9.4 billion in cash reserves.

SpaceX is not public yet, but the race to own it is already rearranging the ETF market.

The frenzy in memory-chip stocks continued on Wednesday as SK Hynix took less than 24 hours to join American peer Micron Technology in the $1 trillion valuation club.

TAIPEI, May 27 (Reuters) - Nvidia's chief executive said on Wednesday the chip company plans to invest around $150 billion a year in Taiwan, terming it the "epicentre" of the AI revolution and predicting it will be ‌the world's tech manufacturing hub for a long time. "Four years ago, five years ago, Nvidia was spending about 10, ‌15 billion dollars a year in Taiwan.

Analysts see Abercrombie & Fitch to report a Q1 revenue of $1.12 billion with $1.28 earnings per share.

The automaker’s foray into the energy-storage business represents an opportunity to capitalize on the AI boom.

Identity management company Okta (NASDAQ:OKTA) will be announcing earnings results this Thursday after the bell. Here’s what you need to know.

Zscaler raised FY26 guidance after a strong Q3, leaning into AI security and record margins while cautioning on sales shifts and product ramp.

Inflation expectations have driven bond yields higher, which could cause the stock market to fall sharply.

(Bloomberg) -- Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detai