The S-1 IPO registration statement for Elon Musk’s rocket company SpaceX arrived late Wednesday afternoon. SpaceX is going after what it describes as a $28.5 trillion addressable market “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.” The IPO is expected to raise a record amount of money, valuing Elon Musk’s company at roughly $2 trillion—enough to turn the world’s richest person into a trillionaire.
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The retailer said shoppers pushed its grocery, general merchandise and online sales higher in the most recent quarter.
(Updates headline and story to add additional information from the Devon Energy press release throug
A federal employee retiring at 62 after 30 years of service with a “high-3” salary average of $90,000 would receive an estimated FERS basic pension benefit of roughly $29,700 annually, based on the standard formula: 1.1% × 30 years × $90,000. For private-sector workers without access to a defined-benefit pension, that figure provides a useful ... You Do Not Need 30 Years of Federal Service to Build a Pension. Here Is the $495,000 Dividend Portfolio That Pays Like One
Higher interest rates could trigger a recession, JPMorgan Chase CEO Jamie Dimon has warned, as the market frets that a flare-up in inflation will bolster the case for central banks to tighten monetary policy. Dimon also discussed JPMorgan’s artificial-intelligence strategy in the interview in Shanghai, saying that the company was using the technology for risk, fraud, marketing, design, and several other functions. “It’s the tip of the iceberg, it’s moving very quickly,” Dimon added, predicting that JPMorgan would hire more AI talent and fewer bankers in certain categories.
The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.
Geopolitical tensions in the Middle East are proving to be a bonanza for oil. But if you're like most investors you're missing the rally — unless you own the right ETFs.
(Bloomberg) -- The new artificial intelligence enterprise services firm backed by Blackstone Inc., Anthropic PBC and Hellman & Friedman has picked a San Francisco firm called Fractional AI as the operational centerpiece of the as-yet unnamed venture. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI I
Despite outperforming the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook on FedEx’s long-term growth potential.
The retailer beat revenue expectations but issued a second-quarter profit outlook that fell short of Wall Street forecasts
Investing.com -- Walmart Inc. (NASDAQ:WMT) reported first-quarter results that exceeded revenue expectations but issued guidance below analyst estimates, sending shares down 2% premarket.
The US government will take equity stakes worth a total of $2bn in a slew of quantum computing companies, including a start-up backed by a firm...
CrowdStrike, Snowflake, Palo Alto Get Bullish Calls Ahead of Earnings
Meta plans layoffs, management cuts and employee transfers tied to AI initiatives.
The equipment maker posted $13.37 billion in revenue, topping expectations, while maintaining its full-year profit forecast of $4.5 billion to $5 billion
The Federal Reserve and banking regulations can have big impacts on profitability for these banking giants.
The latest reported delays follow the group’s decision last year to put off the launch of a freighter version of the A350 due to broader supply chain disruption.
A handful of quantum-computing companies have been given grants that include U.S. government equity stakes, sending their shares higher in premarket trading: IBM is getting $1 billion of the $2 billion total package.
The smart money read on Wells Fargo (NYSE: WFC) following the $110 million lending and hiring discrimination settlement approved by a federal judge is clearly constructive. Sell-side analysts carry a buy-skewed consensus and a 12-month price target well above where shares trade today, while insiders have been net buyers into the settlement window. The Hard ... Wall Street’s Verdict on Wells Fargo After the $110 Million Discrimination Settlement
Deere (DE) delivered earnings and revenue surprises of +12.74% and +2.98%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
An investigational drug developed by Eli Lilly delivered clinically meaningful weight loss in a trial, the company said as it looks expand its obesity treatment portfolio amid soaring demand.
Walmart delivered another quarter of impressive sales as speedy deliveries and low prices served as a magnet for shoppers across the income spectrum. Walmart has resonated with many Americans who are increasingly careful about where they spend their money as inflation has taken a bigger bite out of paychecks, particularly since the start of the Iran war in late February. Traffic at Walmart can be a barometer of consumer spending given its vast customer base.
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Walmart delivers another quarter of impressive sales but economic uncertainty elicits a cautious financial outlook.
Wall Street has always had a language problem. Analysts write dense, 40-page reports full of "EPS revisions" and "addressable market assumptions" that most investors never finish. Then someone like Jim Cramer shows up and says four words that cut through all of it. That's the thing about the AI ...
The retailer said shoppers pushed its grocery, general merchandise and online sales higher in the most recent quarter.
Charlamagne tha God’s morning radio show has been a standout success among the streamer’s video podcast efforts.