Apogee Therapeutics revealed mixed results for its experimental eczema treatment Wednesday, and the stock dropped.
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The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI's promised transformation of the workplace.But earlier doom-laden statements have now come to haunt the AI industry as the public, notably in the United States, voices serious discontent in polling over the disruption that tech companies and political leaders predict from AI. Most economic institutions, most recently the Eur
WASHINGTON, May 27 (Reuters) - The head of the Federal Aviation Administration said on Wednesday that he expects the Boeing 737 MAX 7 to be certified this summer and the larger MAX 10 to be approved before the end of the year. FAA Administrator Bryan Bedford told Reuters at an aviation forum in Washington that he also expects Boeing will again hike production of the 737 MAX in the next 90 days.
(Bloomberg) -- While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadEx-President Biden Sues to Stop DOJ Sharing I
PDD Holdings Inc (PDD) reports an 11% revenue increase, driven by transaction services, while facing net income and profit margin declines.

<body><p>STORY: :: SpaceX</p><p>Shares of U.S. space companies soared on Wednesday, continuing their rise as investors bet that the upcoming mammoth IPO of Elon Musk's SpaceX could force Wall Street to rethink how it values the space economy.</p><p>Shares of Intuitive Machines shot up more than 13%, AST SpaceMobile jumped almost 7%, while Virgin Galactic added more than 10% at one point in Wednesday morning trading.</p><p>:: Rocket Lab</p><p>:: Archive</p><p>Shares of Rocket Lab and Planet Labs also rose, following big gains in the last two sessions.</p><p>SpaceX is poised to become the first trillion-dollar U.S. market debut, immediately cementing it as one of the world's most valuable publicly traded firms.</p><p>:: SpaceX</p><p>Other public companies related to space travel are hoping to benefit from renewed investor attention.</p><p>:: Spacepharma</p><p>Many have struggled to sustain premium valuations despite growing demand for satellite communications, launch services and defense-related off-planet infrastructure.</p><p>:: SpaceX</p><p>SpaceX last week took the wraps off its IPO filing, which showed how the company is betting its future on transitioning into an AI powerhouse, with expectations of long-term infrastructure dominance.</p></body>
Salesforce Earnings Are Here -- Wall Street Is Bracing for a Massive Stock Swing
Goldman sees massive AI windfall for chip stocks as hyperscalers ramp spending
CXMT wins Shanghai approval for a STAR Board listing that could become mainland China's biggest IPO since 2022.
The app where millions of Americans will be able to manage new Trump accounts for their children is set to launch Thursday, a Treasury department spokeswoman said. Account activation will begin for families who have already enrolled in the program. The app, built by Bank of New York Mellon and Robinhood, will be available in the Apple and Google app stores.
On the bottom line, our first quarter results exceeded expectations on both operating income and earnings per share. One quarter in, the team continues to stay agile in a dynamic global environment, and 2026 is shaping up to be another year of consistent progress as we maintain our full year outlook on net sales, operating margin and earnings per share.
Bloomberg Intelligence's Herman Chan joins Dani Burger on "Bloomberg Deals." JPMorgan Chase CEO Jamie Dimon says, "there might be, in the next couple years, a chance to put $10 billion to $20 billion to work buying something," adding that JPMorgan is "on the lookout" for a deal.
Investing.com -- A merger between Elon Musk's space exploration company SpaceX and his EV giant Tesla Inc. is inevitable and only a question of timing, according to early SpaceX investor Peter Diamandis.
Wall Street spent the first quarter of 2026 looking like it had misplaced the map. Inflation readings from the Bureau of Labor Statistics moved higher, consumer confidence sank to record lows, and Treasury yields climbed as investors questioned whether the Federal Reserve would cut rates at all this year. By March 30, the S&P 500 ... The Stock Market Just Had One of Its Strongest 8-Week Runs Ever. History Says It May Not Be Done Yet
Most investors skip the simplest piece of self-accountability available to them. They form a thesis, place a trade, and then let time blur the original reasoning into something vaguer and more flattering. Clare Flynn Levy, the former hedge fund manager who founded behavioral analytics firm Essentia Analytics, has a fix for that, and she shared ... I Was Wrong About Inflation and Missed a Huge Stock Rally: The One Investing Discipline That Could Have Saved Me
Technology and energy remain the market’s strongest-performing sectors year-to-dateS&P 500 technology companies delivered nearly 30 per cent revenue growth and 54 per cent earnings growth in Q1Fund managers now view long semiconductors as the most overcrowded trade, signalling potential caution aheadStrong tech earnings continue to drive market leadershipTechnology continues to dominate market leadership in 2026, and according to Bruce Campbell, the earnings data may justify much of the enthusia
The correspondent had criticized as political a decision by CBS News Editor in Chief Bari Weiss to hold a segment on an El Salvador prison.
Although Chipotle Mexican Grill has underperformed the broader market over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects.
May 27 (Reuters) - Boeing is increasing 737 production to 47 jets a month, up from 42, after consulting with the Federal Aviation Administration, Boeing CEO Kelly Ortberg said on Wednesday. "We're off and rolling at the 47 rate, and we should be there in the next couple months," Ortberg said at the Bernstein Annual Strategic Decisions Conference.
Spotify Technology has spent years proving it can build one of the largest music-streaming audiences in the world. Bank of America now thinks the company is entering a more important phase, where the business can turn that scale into higher revenue, stronger margins, and more ways to charge its ...
Walmart (NASDAQ: WMT) stock has dropped 11% over the past five trading days. This downturn comes right on the heels of the company's recent Q1 2027 earnings release, where, despite strong e-commerce growth and beating revenue forecasts, the stock faced immediate pressure. It is a pullback that should make investors take notice.
(Bloomberg) -- A post-IPO merger between SpaceX and Tesla Inc. is inevitable and only a question of timing, because Elon Musk will want to consolidate control across his companies, according to early SpaceX investor Peter Diamandis.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From Kyi
Boeing stock rose after CEO Kelly Ortberg gave investors some good news about an important 737 MAX milestone. The company passed its capstone review with the Federal Aviation Administration, allowing it to increase its 737 MAX production to 47 jets a month, Ortberg said at the Bernstein Strategic Decisions investor conference Wednesday. Most recently, Boeing had been making 42 MAX jets a month, after getting FAA approval to raise production in late 2025.
SpaceX's IPO could reward investors in more ways than one.
Walmart shares have pulled back, but Bank of America is telling investors the move may have created a fresh opportunity in one of retail’s biggest names. In a Bank of America note given to TheStreet, analyst Christopher Nardone reiterated a Buy rating on Walmart (WMT) while lowering the firm’s ...
Since introducing the Happy Meal in 1977, McDonald's has consistently used pop culture partnerships to drive customer traffic and remain relevant across generations. Today, McDonald's sells more than 1 billion Happy Meals worldwide each year, making the product a meaningful ...
Investing.com -- Seaport Research Partners initiated coverage on GE Aerospace with a Buy rating and a $375 price target, arguing that recent weakness in the aerospace giant’s shares presents an attractive entry point for investors betting on a longer-lasting aviation aftermarket boom.
Investing.com -- JPMorgan upgraded FedEx to Overweight from Neutral on Wednesday, raising its price target to $460 from $432, as the bank's analysts said the stock offers an attractive opportunity ahead of a pivotal period for the logistics giant.
Moby summary of Movado Group, Inc.'s Q1 2027 earnings call