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Italy's Meloni and South Korea's Lee agree to deepen ties in Rome talks
Reuters77d agoneutral
Italy's Meloni and South Korea's Lee agree to deepen ties in Rome talks

ROME, June 12 () - Italy's Prime Minister Giorgia Meloni and South ‌Korean President Lee Jae Myung on ‌Friday pledged to deepen bilateral ties, signing ​memorandums spanning technology and development cooperation. • The leaders discussed closer cooperation in semiconductors and high-tech sectors including artificial intelligence, ‌space, automotive and ⁠energy.

Tesla Shares Volatile Ahead of SpaceX Debut
The Wall Street Journal77d agoneutral
Tesla Shares Volatile Ahead of SpaceX Debut

Tesla shares swung between gains and losses after the open, recently trading modestly lower. Elon Musk’s army of retail investor fans have long supported Tesla shares, and some analysts have raised concerns that traders defecting to SpaceX could put pressure on Tesla.

Bloomberg77d agoneutral
SpaceX Staff Gather for Bell Ringing Parties in Texas, NYC

(Bloomberg) -- Even SpaceX’s opening bell ceremonies at the Nasdaq stock market were a first-of-their-kind affair.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThousands of SpaceX employees helped ring in the company’s public

SpaceX IPO raises $75B, Musk set to become a trillionaire
Yahoo Finance Video77d agoneutralVIDEO
SpaceX IPO raises $75B, Musk set to become a trillionaire

SpaceX (SPCX) officially debuted on the Nasdaq Composite (^IXIC) on Friday, making history as the largest-ever initial public offering (IPO). Yahoo Finance Senior Reporter Brooke DiPalma shares Elon Musk's initial reaction to becoming a trillionaire.

The VC firms winning big and netting billions from SpaceX IPO
Yahoo Finance Video77d agoneutralVIDEO
The VC firms winning big and netting billions from SpaceX IPO

Wall Street is abuzz on Friday with Elon Musk's trillion-dollar SpaceX (SPCX) IPO set to make history with a valuation of $1.77 trillion. Bloomberg reports that several venture capital firms, including the Founders Fund and Andreessen Horowitz, will net tens of billions of dollars from SpaceX's public launch. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss the biggest winners from SpaceX's IPO.

Investing.com77d agoneutral
Barclays studies how the S&P 500 reacts when easing cycles reverse

Investing.com -- In a note to clients on Friday, Barclays examined how the S&P 500 has historically performed around instances where the Federal Reserve reverses an easing cycle and resumes rate hikes, finding limited evidence of headwinds beforehand but a tendency toward muted returns afterward.

Bloomberg77d agoneutral
SpaceX’s Record IPO Is Said to Draw Over $350 Billion in Demand

(Bloomberg) -- SpaceX’s historic $75 billion IPO drew more than $350 billion in demand from institutions and retail investors, according to people familiar with the matter.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThe lar

Adobe Tumbles 9% on CFO Exit, Downgrades: Is the AI Threat Now Salesforce’s Problem Too?
24/7 Wall St.77d agobearish
Adobe Tumbles 9% on CFO Exit, Downgrades: Is the AI Threat Now Salesforce’s Problem Too?

Adobe (NASDAQ:ADBE) shares are getting hammered on Friday, down 9% to $198 after the design-software giant reported a beat-and-raise quarter that investors decided to sell anyway. The move follows Thursday’s 6% drop to $218.80, stretching a brutal week into something closer to a capitulation. The selloff is striking because the numbers were strong. Adobe posted ... Adobe Tumbles 9% on CFO Exit, Downgrades: Is the AI Threat Now Salesforce’s Problem Too?

Bloomberg77d agoneutral
What Stock Traders Can Expect From SpaceX’s Trading Debut

(Bloomberg) -- Investors will soon have a sense of how SpaceX shares will perform after the largest initial public offering ever — but they may need to wait several hours to get in on the trading action.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to Try t

SpaceX raises $75B in historic IPO, valued at $1.77 trillion
Yahoo Finance Video77d agoneutralVIDEO
SpaceX raises $75B in historic IPO, valued at $1.77 trillion

The big day is here as SpaceX (SPCX) prepares to go public on the Nasdaq via its historic IPO. Elon Musk's space operator raised $75 billion after pricing 555,555,555 shares at $135 each. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss SpaceX's IPO pricing.

As Solar M&A Heats Up, These 4 Companies Could Be on the Block
24/7 Wall St.77d agoneutral
As Solar M&A Heats Up, These 4 Companies Could Be on the Block

Why Solar M&A Logic Is Heating Up Solar faces structural pressure: tariff disruption, policy uncertainty, and capital costs are forcing consolidation. Underlying this trend is surging power demand. The EIA projects U.S. electricity consumption growing 0.9% to 1.6% annually through 2050, with solar, wind, and natural gas together rising to around 80% of generation by ... As Solar M&A Heats Up, These 4 Companies Could Be on the Block

Acquisition Odds: How These 4 Cult Stocks Stack Up as Buyout Targets
24/7 Wall St.77d agobullish
Acquisition Odds: How These 4 Cult Stocks Stack Up as Buyout Targets

Acquisition speculation is the lifeblood of cult-stock trading. The cleanest takeover targets share three traits: strategic value to a deep-pocketed partner, a cash runway that does not force a fire sale, and proprietary intellectual property that a giant cannot easily replicate. This is a scenario analysis, not a report on any announced or imminent deal. ... Acquisition Odds: How These 4 Cult Stocks Stack Up as Buyout Targets

Bloomberg77d agoneutral
Ice Cube to Take Big3 League Public at $290 Million Valuation

(Bloomberg) -- Big3, the 3-on-3 basketball league founded by Ice Cube and Jeff Kwatinetz, has entered into an agreement with a special purpose acquisition company to take the organization public. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to Try to Deesc