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Cathie Wood dumps $12.7M of tumbling, next-gen travel stock
TheStreet75d agoneutral
Cathie Wood dumps $12.7M of tumbling, next-gen travel stock

Cathie Wood built a controversial reputation through high-conviction, concentrated bets on disruptive technologies. Electric air taxis were one of those bets, with Archer Aviation (ACHR) being among her biggest. That changed on Monday, June 8, 2026. Wood's firm, ARK Invest, sold 2,222,392 shares of ...

Dollar General CEO exposes bitter reality about today's economy
TheStreet75d agoneutral
Dollar General CEO exposes bitter reality about today's economy

Thirty years ago, having a six-figure income meant you could live comfortably, with all the accoutrements of wealth. These days, it’s just enough to make you a regular shopper at Dollar General. As inflation continues to rise and economic headwinds continue to squeeze household budgets, the “value ...

Everything You Need to Know About the SpaceX Trading Debut
The Wall Street Journal75d agoneutral
Everything You Need to Know About the SpaceX Trading Debut

Elon Musk’s   SpaceX is set to make its stock-market debut Friday in the largest IPO ever—and perhaps the most closely watched. SpaceX executives are set to ring the Nasdaq’s opening bell in New York, but shares in buzzy initial public offerings don’t tend to start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility.

Amazon’s AI chip push gives rivals a new problem
TheStreet75d agoneutral
Amazon’s AI chip push gives rivals a new problem

Amazon (AMZN) has spent years establishing one of the most formidable cloud businesses in the world, but the artificial intelligence explosion is requiring every big cloud provider to face a tougher question. No longer is it enough to rent out computational power. Customers are now looking for ...

Adobe Q2 Earnings Call Highlights
MarketBeat75d agoneutral
Adobe Q2 Earnings Call Highlights

Adobe (NASDAQ:ADBE) reported record fiscal second-quarter revenue and raised its full-year revenue outlook, while executives outlined a strategic shift toward more aggressive freemium user acquisition across Acrobat, Express and Firefly that is expected to weigh on second-half annual recurring reven

Nvidia hires veteran lobbyist Bruce Andrews to head government affairs, sources say
Reuters75d agoneutral
Nvidia hires veteran lobbyist Bruce Andrews to head government affairs, sources say

Nvidia has hired ​veteran lobbyist Bruce Andrews to head government ‌affairs in ⁠Washington, D.C., two sources ⁠briefed on the matter ​said ​on ​Thursday. Andrews served ‌as chipmaking rival Intel's government affairs chief under former CEO ‌Pat Gelsinger. During ​the ​Obama administration, ‌Andrews was a ​Commerce ​Department official.

Volatility Is Back on Wall Street
The Wall Street Journal75d agoneutral
Volatility Is Back on Wall Street

AI jitters and mega IPOs are among the factors prompting violent index moves in recent days. The Nasdaq composite has swung an average of 2.1% over the past five sessions, according to Dow Jones Market Data, compared with its five-year average absolute move of 1%.

Starbucks eyes massive change in key market
TheStreet75d agoneutral
Starbucks eyes massive change in key market

Starbucks is on a roll right now. U.S. comparable-store sales jumped 7% last quarter, transactions are increasing across all income groups, and operating income is inflecting for the first time in two years. But behind the momentum, Chairman and CEO Brian Niccol is quietly making moves that ...

JPMorgan, Bank of America receive subpoena from DOJ
TheStreet75d agoneutral
JPMorgan, Bank of America receive subpoena from DOJ

The Department of Justice reportedly sent subpoenas to some of the biggest American banks. Among those who received the subpoenas were JPMorgan Chase, Bank of America, and Wells Fargo, The Wall Street Journal reported, citing anonymous sources. Jeanine Pirro of the United ...

SpaceX Tesla Merger Odds Are Rising
Barrons.com75d agoneutral
SpaceX Tesla Merger Odds Are Rising

There is rarely a dull day for investors in Elon Musk's companies. Now that the SpaceX IPO is done (secondary market trading will start Friday), thoughts can turn back to the long-term plans Musk might have for his business empire. A merger with Tesla is on the table.

Corrections & Amplifications
The Wall Street Journal75d agoneutral
Corrections & Amplifications

CORRECTIONS The first name of Lynn Bromley, a former Maine state senator, was misspelled as Lynne in some editions Thursday in a U.S. News article about women voters. Oracle’s fourth-quarter cloud-infrastructure revenue rose 93% from a year earlier.

Musk's SpaceX raises $75 billion in largest IPO ever
Reuters75d agoneutral
Musk's SpaceX raises $75 billion in largest IPO ever

Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion. ​It's definitely ​going to be a long-term story, and I think it will ​take time for the stock to find its footing ‌in the public markets.

Trading Day: Peace beckons ... again
Reuters75d agoneutral
Trading Day: Peace beckons ... again

By Jamie McGeever ORLANDO, Florida, June 11 (Reuters) - Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S.