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Coca-Cola is a dividend king with 64 straight years of payout increases, a presence in more than 200 countries, and a place in the Dow. The Internal Revenue Service believes the beverage giant owes up to $20 billion in additional taxes and interest tied to its overseas profit allocations. A federal ...
Lucid Motors will decrease its U.S. workforce by 1,500 employees in a cost-cutting plan estimated to save $158 million annually, the company said Monday.
Palantir Shares Slide After Losing High-Profile French Security Deal
The Nasdaq kept falling on Monday after Alphabet’s sharp drop bled into other large technology stocks. The S&P 500 was down 0.3%, even though a majority of stocks and sectors in the index were rising. The Dow, which does not include Alphabet, was up 165 points, or 0.3%.
Torsten Slok, the Apollo Global Management (NYSE:APO) chief economist who has spent the past year warning that the Fed would have less room to cut than markets wanted, went on CNBC last week and essentially argued that his own thesis had just been overturned by a barrel of oil. The Federal Open Market Committee had ... Oil’s Plunge Below $80 Is Already Reshaping the Fed’s Rate Path, Says Apollo’s Torsten Slok
SpaceX is sucking all the air -- and cash -- out of the space market.
SpaceX is sucking all the air -- and cash -- out of the space market.
The Dutch lithography leader remains a strong long-term investment.
Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns. SpaceX slid over 10% after last week's blistering post-IPO rally. Alphabet dropped 6%, set for its biggest one-day fall since May 2025 and on pace to erase more than $256 billion in market capitalization.
The EV maker said it plans to cut around 18% of its U.S. workforce, including full-time employees, contractors, and hourly production workers.
Palantir Technologies (NASDAQ:PLTR) stock is the standout laggard in enterprise software at midday Monday, sliding 7% to around $120. The move tracks with Fuse data showing PLTR shares down 6% on the session, while the broader high-multiple software cohort barely budges. Compare that to the day’s scoreboard for the named peers. Palo Alto Networks (NASDAQ:PANW) ... Palantir Is Down 7% Today: Is It Underperforming Software Peers Like Palo Alto and CrowdStrike?
Greenspan died Monday. He was 100.
(Bloomberg) -- Alphabet Inc. shares tumbled on Monday following the departure of another high-profile artificial intelligence leader to a rival.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenIranian Negotiators Said to Still Be Engaged in Talks With USMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentIran Cites ‘Major Progress’ After All-Night Talks With USThe stock fell as much as 7.2%, t
How much are AI execs worth to Google? Does $125 billion each sound about right?
Don’t look now, but the Russell 2000 just hit 3000. It first closed above 2000 on Dec. 23, 2020, according to Dow Jones Market Data. Jeffrey Favuzza, senior vice president of equities trading at Jefferies, pointed out earlier this morning that the Russell was already trading at an 18-month relative high when compared to the Mag 7 after hitting a low in November in 2025.
The stock is down close to 70% from its 52-week high.
"The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks."
Google stock retreated on Monday amid the loss of two top artificial intelligence scientists to rivals OpenAI and Anthropic.
By Chibuike Oguh NEW YORK, June 22 (Reuters) - Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher
A bond sale pressured shares even as SpaceX announced a new AI contract.
The immediate trigger was the announcement Friday by John Jumper, a Vice President Engineering Fellow at Google DeepMind who shared the 2024 Nobel Prize in Chemistry for his work on the AlphaFold protein-structure model, that he is leaving the company after nearly nine years to join Anthropic. "After nearly nine years, I have decided to leave Google DeepMind and join Anthropic," Jumper said.
Investing.com -- Lucid Group (NASDAQ:LCID) announced Monday it will reduce its U.S. workforce by approximately 18% and that Chief Operating Officer Marc Winterhoff has departed the company.
Shares of SpaceX (NASDAQ:SPCX) stock are down 9% in midmorning trading Monday, sliding to around $168 after the company announced its first public bond offering. The senior notes deal aims to raise at least $20 billion, with proceeds earmarked to repay a bridge loan and fund AI and data-center projects. The pressure is spreading across ... SpaceX Sinks 9% on $20 Billion Bond Sale, Virgin Galactic Drops 11%, Rocket Lab Falls 8% Despite NASDAQ 100 Debut
Strategy's flagship preferred stock (STRC) has traded materially below its US$100 par value, raising fresh concerns about the funding model that supports its dividends. The company has halted new STRC issuances and conducted its first standalone Bitcoin sale since 2022 to help meet preferred dividend obligations. These moves have intensified debate over Strategy's perpetual preferred equity structure, potential dilution, and the role of Bitcoin in its capital planning. Strategy, which...
SpaceX stock dropped 10% Monday, extending a losing streak that began last week after an early surge pushed the company's valuation past Amazon and Microsoft
Michael Saylor’s firm topped up its USD cash reserve to $1.4 billion as it made its smallest Bitcoin buy since selling 32 BTC three weeks ago
SpaceX announces inaugural bond offering. KeyBanc initiates coverage of SPCX stock. Rocket Lab, other space stocks fall to key technical levels.
Treasury yields and the dollar rise amid tense negotiations in the Middle East. Oil prices decline as mediators say U.S.-Iran talks will continue this week, following a rocky start. The long disruption in global oil supplies, however, keeps inflation fears elevated.
SpaceX shares are on course for their biggest one-day decline since they went public earlier this month. They are down for the third session in a row, and more than 15% below their record close of $201.
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