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Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO
24/7 Wall St.83d agoneutral
Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Ripple’s XRP token is taking a hit on Friday, June 5. The cryptocurrency is down 6% to $1.103, extending a multi-day slide that has dragged the broader digital asset complex into the red. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are also down, but the XRP move stands out given the token’s famously devoted retail following. The selling ... Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO

Lululemon Stock Hits an Eight-Year Low
The Wall Street Journal83d agoneutral
Lululemon Stock Hits an Eight-Year Low

Lululemon Athletica shares fell 8% Friday morning to their lowest level since 2018 after the company reported another quarterly decline in U.S. sales and cut its outlook for the year. Executives said some product launches, including a new line of yoga apparel, have fallen short of the company’s expectations. "The edge that Lululemon once had in releasing collections that were interesting, innovative, and on trend has disappeared," wrote Neil Saunders, managing director of research firm GlobalData.

Bank of America has a bold new message for AI skeptics
TheStreet83d agoneutral
Bank of America has a bold new message for AI skeptics

Every transformative technology shows up twice. First as a promise, loud and unavoidable, the kind that floods your phone, your group chats, and your retirement account. Then as a line item, quiet and underwhelming, buried in productivity data almost nobody reads. Right now, artificial intelligence ...

Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke
24/7 Wall St.83d agoneutral
Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

Two beaten-down restaurant names, one decision: should a retirement-focused investor put fresh capital into Starbucks (NASDAQ: SBUX) or Chipotle Mexican Grill (NYSE: CMG) right now? Both stocks have been punished, but for opposite reasons. Starbucks has rallied off its lows as a turnaround takes hold, while Chipotle has cratered as its growth story collapsed into ... Chipotle vs Starbucks: One Turnaround Is Real, One Is Just Smoke

DocuSign shares fall despite Q1 beat as guidance disappoints investors
Proactive83d agoneutral
DocuSign shares fall despite Q1 beat as guidance disappoints investors

DocuSign Inc (NASDAQ:DOCU) shares fell nearly 5% on Friday after the electronic signature company reported first-quarter results that topped analyst estimates but offered full-year guidance that failed to impress investors. The San Francisco-based company posted Q1 fiscal 2027 revenue of...

SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.
24/7 Wall St.83d agoneutral
SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

It’s big news as the buzz gets louder surrounding the most publicized IPO in years. CNBC reporter Robert Frank reported on June 5 that SpaceX’s IPO is set to price next Friday, June 12, at $135 per share. The deal would potentially lift Tesla (NASDAQ:TSLA) CEO Elon Musk’s net worth past $1 trillion, crowning him ... SpaceX’s IPO is Set to Make Elon Musk a Trillionaire. Here’s 4 Key Figures That Will Become Billionaires.

Bankers’ Sky-High Financial Projections for SpaceX
The Wall Street Journal83d agoneutral
Bankers’ Sky-High Financial Projections for SpaceX

$3.4 Trillion of revenue SpaceX could reach that number in 2040, according to an analysis that Morgan Stanley shared with top investors Thursday. The projections show how bankers are selling the rocket maker’s $1.

Don't expect to see SpaceX on the S&P 500 so soon after IPO
Yahoo Finance Video83d agoneutralVIDEO
Don't expect to see SpaceX on the S&P 500 so soon after IPO

S&P Dow Jones Indices stated that it will not be changing its rules to fast-track SpaceX (SPAX.PVT) and other mega-IPOs into the S&P 500 index (^GSPC). Morning Brief Host Julie Hyman and Vanity Fair contributing editor Bethany McLean discuss SpaceX's valuation in the lead up to the space company's public launch a week from now. JPMorgan Chase (JPM) CEO Jamie Dimon hosted Elon Musk as part of SpaceX's (SPAX.PVT) pre-IPO roadshow, as the company sets its sights on an IPO price of $135 per share next Friday, June 12.

These 4 Dividend Stocks Generate $19,200 Tax-Free Inside a Roth
24/7 Wall St.83d agoneutral
These 4 Dividend Stocks Generate $19,200 Tax-Free Inside a Roth

High earners in the 32% federal bracket holding ordinary-income dividend payers in a taxable brokerage account face a math problem that most never run on paper. If your $60,000 in dividend income is taxed as ordinary income at the 32% bracket, you owe $19,200 to the IRS, leaving $40,800 in net income. The same $60,000 ... These 4 Dividend Stocks Generate $19,200 Tax-Free Inside a Roth

Ciena (CIEN) Q2 2026 Earnings Transcript
Motley Fool83d agoneutral
Ciena (CIEN) Q2 2026 Earnings Transcript

Thank you for joining us, and welcome to Ciena's Fiscal Q2 2026 Financial Results Conference Call. Gregg Lampf: Thank you, Tracy. On the call today is Gary Smith, President and CEO; and Marc Graff, CFO.

Traders Fully Bet on Fed Rate Hike This Year After Jobs Data
Bloomberg83d agoneutral
Traders Fully Bet on Fed Rate Hike This Year After Jobs Data

(Bloomberg) -- Traders in the $31 trillion Treasuries market fully priced in a Federal Reserve interest-rate hike by the end of this year after US job growth topped all forecasts in May, spurring yields higher.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every Cylinder‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripGlazer Family Members Study Manchester United Stake SaleBloomberg Retracts Incorrect Story on R

Rate Hikes? In This Economy?
The Wall Street Journal83d agoneutral
Rate Hikes? In This Economy?

The hot May jobs report added to the inflation concerns that have increasingly fueled Wall Street's bets that rate hikes may be more likely than cuts this year. Futures markets Friday suggested a roughly 58% likelihood of at least one rate hike by year's end, according to CME's FedWatch tool.

Strong Jobs Report Puts Fed Rate Hike In Play; S&P 500 Futures Slip (Live Coverage)
Investor's Business Daily83d agoneutral
Strong Jobs Report Puts Fed Rate Hike In Play; S&P 500 Futures Slip (Live Coverage)

The May jobs report showed stronger-than-expected hiring as the unemployment rate held steady. The data strengthens the hand of Federal Reserve hawks, setting the stage for a shift to a tightening bias at the June 17 policy meeting, the first under new Chairman Kevin Warsh. S&P 500 futures slipped, putting the nine-week winning streak for the benchmark index in jeopardy.

Days Before Its IPO, SpaceX Just Got FAA Approval On a New Product That Could Change Space Forever
24/7 Wall St.83d agoneutral
Days Before Its IPO, SpaceX Just Got FAA Approval On a New Product That Could Change Space Forever

It’s hard to believe that we’re now just days away from the biggest IPO to touchdown on the public markets. It’s T-minus seven days until the big moment, and it feels like there’s no stopping the massive rush of market orders before day one. If space-based (orbital) data centers weren’t enough to get you excited ... Days Before Its IPO, SpaceX Just Got FAA Approval On a New Product That Could Change Space Forever