SpaceX will offer 555.6 million shares at $135 each, targeting a $1.8 trillion valuation in its June 12 debut. SpaceX will list on the Nasdaq on June 12, selling 555.6 million shares at $135 per share to achieve a $1.8 trillion valuation. The IPO marks the largest in histo
Key Points - Duluth's first-quarter loss narrowed as gross margin expanded sharply to 57.4%, helped by reduced promotions, pricing actions and sourcing improvements that outweighed tariff costs. Adjusted EBITDA also improved to $2.6 million from a loss a year ago. - Revenu
Key Points - FuelCell Energy reported a wider fiscal Q2 loss after a $42.6 million non-cash impairment tied to its Groton Navy project, even as adjusted EBITDA improved year over year. Revenue fell 5% to $35.6 million, with weaker service and generation revenue partly offs
National Bank of Canada’s (NBC) Warren Lovely, Stéfane Marion and Matthieu Arseneau argue that the Bank of Canada (BoC) should add an explicit unemployment rate forecast to its quarterly Monetary Policy Report. They stress that unemployment is central to understanding labo
U.S. households grew more worried over their financial situation, with the share of those seeing things as much worse than they were 12 months ago hitting a nearly four-year high, according to a Federal Reserve Bank of New York survey. While the central bank's monthly Surv
Fund manager cites sector volatility and poor stock selection as reasons for reducing exposure to the trucking firm in Q1 2026. Bell Asset Management sold its position in Old Dominion Freight Line (ODFL) during Q1 2026, citing downside risks amid broader market volatility.
State-owned ICSC invites investors to develop two 6,000 t/d plants and expand a 3,200 t/d facility by June 2026. Iraq’s state-owned Iraq Cement State Company (ICSC) has launched tenders for three cement plant projects. Two new plants, each with a 6,000 tonnes per day (t/d)
INTC stock climbs to $111 after announcing a strategic collaboration with Hitachi and reports of Google, NVIDIA exploring its foundry services. Intel shares surged 12% to $111 in early trading Monday, driven by a strategic partnership with Hitachi and reports that Alphabet
Synopsys reports 42% YoY revenue growth to $2.28 billion but faces debt concerns and a Zacks Sell rating, weighing on stock performance. Synopsys (NASDAQ:SNPS) shares are down 1% year-to-date at $464.85, despite reporting a 42% year-over-year revenue increase to $2.28 bill
Wall Street heads into a big week after a sharp selloff rattled investors, with inflation data, Apple's annual developer conference and the highly anticipated SpaceX initial public offering set to dominate market attention. Stocks ended last week under pressure after a str
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