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SpaceX reported second quarter results on Tuesday that topped estimates — its first report as a public company — which comes as the stock has been in a recent free fall.
SpaceX reported second quarter results on Tuesday that topped estimates — its first report as a public company — which comes as the stock has been in a recent free fall.
A British start-up founded by a 25-year-old school dropout has been valued at £2.5bn as it develops new chips for the AI boom.
GameStop and AMC used to rise and fall together, but Monday's tape tells a different story, with a billion-dollar debt deal pulling one name lower while a record-shattering box office sends the other surging.
Northrop Grumman signed two agreements totaling $3 billion to speed up production of missile interceptors.
Treasury yields and the dollar decline amid renewed hopes of an agreement to reopen the Strait of Hormuz. The WSJ Dollar Index slips 0.1% as the greenback weakens 0.6% against the yen. Nonfarm payrolls are due Friday and expected to increase to 85,000 from 57,000, according to a WSJ consensus.
Half the proceeds funded preferred dividends and half went into an $81 million STRC buyback, its second in as many weeks.
(Bloomberg) -- Michael Saylor’s Strategy Inc. is plowing ahead with its pivot from relentlessly buying Bitcoin to focusing on shoring up its capital structure by raising its reserve via sales of the token and its own shares. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosAlibaba Adds to China AI Breakthroughs With New Qwen Model Trump Says Iran Talks to Begin Monday After Scrapping AttackSingapore's Gated Isl
Strategy, the bitcoin-hoarding firm founded by Michael Saylor, said it sold 1,638 bitcoin last week to fund preferred stock dividends and repurchases. The sale, which raised about $105 million, comes after the company unveiled a turnaround plan last month aimed at shoring up investor confidence. After the recent sale, Strategy still holds 842,138 bitcoin, worth about $53 billion at current prices.
Shares of the video-game retailer plummet after it says it will swap $1.4 billion worth of debt for stock.
Modine's fiscal Q1 earnings beat estimates as data center sales surge 90%. However, revenues miss, and supply-chain pressure squeezes margins.
A new wrongful death lawsuit has been filed against several tech companies, including Alphabet's YouTube. The complaint alleges that social media platforms knowingly targeted minors and concealed risks linked to child deaths. The case focuses on internal company behavior and platform oversight rather than typical shareholder or privacy issues. Alphabet, which trades on the NasdaqGS under the ticker NasdaqGS:GOOGL, is under fresh scrutiny as this lawsuit raises questions about YouTube's...
The U.S. Department of Energy’s (DOE’s) Office of Energy Dominance Financing (EDF) closed a loan of up to $3.26 billion to American Electric Power (AEP) Texas on July 8, the office’s third utility
GameStop said certain noteholders would exchange about $400 million in notes due 2030 and $1 billion in notes due 2032 for Class A shares of the company.
SpaceX stock was lower in premarket trading on Monday. July was a brutal month for the company's shares.
Despite pausing Bitcoin purchases for three consecutive weeks, Strategy remains the world's largest corporate Bitcoin holder with 843,775 BTC.
Reports that U.S.-Iran negotiations would begin Monday eased fears of prolonged supply disruptions, sending crude prices sharply lower.
A drawdown this deep has turned a modest payout into a 3%-plus yield. The arithmetic behind it is worth checking.
Morgan Stanley downgraded CRCL stock to ‘Underweight’ from ‘Equal Weight’ and slashed its price target by 60%.
JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) has been downgraded by RBC Capital Markets as it views sportswear markets as "highly promotional", with lower-income consumers under pressure from the elevated cost of living. Cutting the rating to 'sector perform' from 'outperform', with a 100p...
Style Box ETF report for IWD
Style Box ETF report for IWB
Meta Platforms (NASDAQ:META) has reduced the volume of IT services outsourced to Wipro Ltd (NYSE:WIT) by at least 25% after an artificial intelligence-driven reorganisation that resulted in the closure of its digital marketing division, according to a report from Mint. Wipro’s Revenue from Meta Expected to DeclineThe report, citing two people familiar with the matter, said Wipro now expects to generate approximately $75 million in annual revenue from Meta after the technology giant decided to br
As Sony moves away from game discs on PlayStation consoles, CFO Lin Tao found herself explaining the strategy to an audience far beyond traditional stakeholders.
The merger would be one of the biggest pharma deals ever. AstraZeneca’s market capitalization stood at $264 billion as of Friday’s close, while Bristol Myers Squibb had a total valuation of $133 billion.
Snap stock trades near an all-time low.
Memory chip stocks have been volatile and fell as July came to a close, the market’s still-fragile sentiment.
Stocks looked set to extend a recent rally on Monday after President Donald Trump said he would call off an attack on Iran and restart talks to end the war in the Middle East, which sparked a drop in oil prices. Nasdaq 100 futures added 0.5%. The three major indexes all racked up gains on Friday, but July was still a rough month for the Nasdaq.
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