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SpaceX weighs June 2026 IPO at $1.5 trillion valuation, FT says
Elon Musk’s SpaceX is weighing a mid-June IPO that could raise up to $50 billion, valuing the rocket company at $1.5 trillion.
S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
Jan 27 (Reuters) – The S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports. UnitedHealth led losses in healthcare stocks and in the Dow Jones Industrial […]
Dow ends lower, with S&P flat, as Intel’s outlook weighs on risk appetite
Jan 23 (Reuters) – The Dow Jones Industrial Average stumbled to a lower close on Friday, while the S&P 500 ended largely unchanged, as investors’ risk appetite was dimmed at the end of a topsy-turvy week by Intel‘s plunge on a downbeat outlook. All three Wall Street benchmarks had rebounded in the past two sessions […]
Citigroup to lay off more employees in March, sources say
Citigroup is expected to announce more layoffs in March as CEO Jane Fraser presses ahead with cost cuts and restructuring.
Wall Street ends up as investors buoyed by tariff relief, upbeat data
U.S. stocks ended higher for a second day as Trump eased tariff threats and economic data showed continued resilience.
Wall Street ends higher as investors cheer Greenland framework deal, averted tariffs
Jan 21 (Reuters) – Wall Street ended higher on Wednesday, with the S&P 500 posting its biggest one-day percentage gain in two months, as investors were buoyed by news that a framework for an agreement on Greenland had been reached and the possibility of new U.S. tariffs on European allies had been averted. Both the […]
Intel results to spotlight turnaround efforts as AI data centers boost chip demand
Intel shareholders are increasingly optimistic as CEO Lip-Bu Tan’s turnaround plan boosts data center demand and shares.
S&P 500, Nasdaq slump to one-month lows as Greenland dispute triggers global selloff
Jan 20 (Reuters) – The S&P 500 and Nasdaq Composite dropped to their lowest points in a month on Tuesday, as investors returned from the U.S. long weekend and reacted negatively to fresh tariff threats from President Donald Trump against Europe and renewed volatility in global markets. The risk-off wave, which also pushed the Dow […]
Wall Street ends flat ahead of long weekend
NEW YORK, Jan 16 (Reuters) – U.S. stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, although all three major indexes posted losses for the week as fourth-quarter earnings season kicked off. Shares of chipmakers rose, with an index of semiconductors extending gains from Thursday. Big U.S. banks posted […]
Wall Street rises as bank earnings, chip stocks rally
U.S. stocks rose as strong results from Goldman Sachs and Morgan Stanley lifted banks and TSMC boosted chipmakers.
US biotech sector poised for 2026 rebound as IPO interest revives
Investors see a potential biotech rebound in 2026 as IPO activity, dealmaking and lower rates offset lingering policy risks.
Wall Street falls with financials amid credit card rate plan
US. inflation rose in December as higher food and rent costs hit households, reinforcing expectations the Fed will hold rates.
