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Trump Media Pauses Truth Social Spinoff
The Wall Street Journal77d agoneutral
Trump Media Pauses Truth Social Spinoff

Trump Media & Technology said Wednesday that it is no longer trying to spin off Truth Social following a proposed merger with a nuclear-fusion firm. The pause marks another U-turn for President Trump's namesake company, whose shares are down 38% this year. After Trump Media in December announced a plan to combine with TAE Technologies, executives said they were trying to split assets including the business's social-media arm into a separate company through a SPAC deal.

Amazon’s Trucking Push Sparks New Slide in Transport Stocks
Bloomberg77d agoneutral
Amazon’s Trucking Push Sparks New Slide in Transport Stocks

(Bloomberg) -- Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets W

The Radical Bet At The Heart Of SpaceX's $1.75 Trillion IPO
Trefis77d agoneutral
The Radical Bet At The Heart Of SpaceX's $1.75 Trillion IPO

There are data centers in Texas that were fully built out over a year ago, kitted with server racks, networking, and GPUs, and are sitting idle, waiting for a grid connection. It is a power problem, and it is the same problem slowing AI infrastructure build-out across the U.S. and increasingly abroad.

Bloomberg77d agoneutral
Bill Gates Arrives for Closed-Door Epstein Panel Testimony

(Bloomberg) -- Microsoft Corp. co-founder Bill Gates arrived at the US Capitol complex Wednesday for closed-door testimony to the House Committee investigating the late financier Jeffrey Epstein.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapStocks Fall as US-Iran Tensions Offset

Saia, Old Dominion and FedEx Freight Slide After Amazon Expands Nationwide LTL Service
InvestorsHub77d agoneutral
Saia, Old Dominion and FedEx Freight Slide After Amazon Expands Nationwide LTL Service

Amazon Broadens Freight Offering Across the United StatesShares of Saia (NASDAQ:SAIA), Old Dominion Freight Line (NASDAQ:ODFL) and FedEx Freight (NYSE:FDXF) came under pressure in premarket trading after Amazon (NASDAQ:AMZN) unveiled a significant expansion of its less-than-truckload (LTL) freight business. Saia and Old Dominion shares fell approximately 7%, while FedEx Freight declined around 6%, as investors assessed the competitive implications of Amazon’s move deeper into the freight transpo

Stock Futures Stay Lower After CPI Inflation Report Matches Expectations
Barrons.com77d agoneutral
Stock Futures Stay Lower After CPI Inflation Report Matches Expectations

Stock futures were still trading lower after the consumer price index for May matched expectations. The headline CPI rose at a 4.2% annual rate, which was in line with the consensus among economists. The core CPI, which excludes volatile food and energy prices, rose at a 2.9% annual rate, which was also in line with expectations.

Chewy (CHWY) Meets Q1 Earnings Estimates
Zacks77d agoneutral
Chewy (CHWY) Meets Q1 Earnings Estimates

Chewy (CHWY) delivered earnings and revenue surprises of +0.51% and +0.15%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?

Wall Street Braces for SpaceX With Stress Test, ‘Watch Parties’
Bloomberg77d agoneutral
Wall Street Braces for SpaceX With Stress Test, ‘Watch Parties’

(Bloomberg) -- Wall Street has spent months debating how much SpaceX is worth. Behind the scenes, a different challenge has occupied the institutions responsible for bringing it public: preparing the plumbing systems needed to support what could become the largest IPO in history.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech

How To Earn $500 A Month From Oracle Stock Ahead Of Q4 Earnings
Benzinga77d agoneutral
How To Earn $500 A Month From Oracle Stock Ahead Of Q4 Earnings

Oracle Corporation will release earnings for its fourth quarter after the closing bell on Wednesday, June 10. Analysts expect the company to report quarterly earnings of $1.96 per share, up from $1.70 per share in the year-ago period. The consensus...

Parabilis sets a record with a $670M biotech IPO
BioPharma Dive77d agoneutral
Parabilis sets a record with a $670M biotech IPO

The largest-ever new stock sale for a venture-backed biotech company extends a streak of large IPOs in 2026 that’s now resulted in 12 drug startups securing more than $4.1 billion combined.

3 Reasons Tesla Stock Is So Volatile This Week
Barrons.com77d agoneutral
3 Reasons Tesla Stock Is So Volatile This Week

Tesla stock was lower early Wednesday after a flare-up in tensions in the Middle East, leaving investors nervous. Shares of the electric-vehicle maker were down 1.5% at $390.91 in premarket trading, while and futures were down 0.8% and 0.7%, respectively. The move came after the U.S. military retaliated after Iran downed an Apache helicopter, threatening a fragile cease-fire.

LinkedIn launches new effort in push to capture business advertisers
Reuters77d agoneutral
LinkedIn launches new effort in push to capture business advertisers

LinkedIn is aiming to burnish its position as a go-to platform for business advertisers with a new team of marketing experts ‌that it expects to generate an annualized run rate of $100 million next fiscal year, ‌a source familiar with the matter said. The Microsoft-owned platform on Wednesday unveiled BrandWorks, the newly assembled team that aims ​to deliver higher-performing ad campaigns for customers ranging from software giant SAP to privately held website hosting platform Webflow. "We're developing services that are designed to meet the marketer where they are," said Alex Josephson, VP of BrandWorks, who previously built a similar offering called Twitter Next.