SpaceX targets a $1.75 trillion valuation in its June 12 IPO, aiming to raise $75 billion and become the eighth-largest U.S. public company. SpaceX plans to go public on June 12, seeking to raise up to $75 billion and achieve a $1.75 trillion valuation. The move would posi
The facility will handle maintenance for 28 wide-body aircraft simultaneously and is set for completion by mid-2030. Emirates has begun construction on a $5.1bn engineering complex in Dubai South, designed to become one of the world’s largest aircraft maintenance facilitie
The tech giant is reallocating thousands of employees to AI-focused teams before reducing its global workforce by approximately 7,800. Meta is reassigning 7,000 employees to artificial intelligence roles as part of a broader restructuring that includes cutting 10% of its w
Driven Brands beats Q4 estimates Driven Brands reported Q4 Non-GAAP EPS of $0.34, beating estimates by $0.10. Revenue was $460.1M, a 7.7% year-over-year increase, exceeding expectations by $4.63M. Adjusted EBITDA was $111.9 million, up 7% from the prior year, with
XRP rises as the Clarity Act advances and ETF inflows hit $25.8 million, signaling potential institutional adoption. XRP, trading near $1.40, shows signs of recovery as regulatory and institutional developments bolster its outlook. The Clarity Act, which aims to classify X
Kevin Warsh takes over as Fed chair amid expectations of slower rate cuts than Trump sought under Powell’s tenure. Kevin Warsh has officially replaced Jerome Powell as chair of the Federal Reserve’s Board of Governors, following a contentious relationship between Powell an
The sale marks a full exit from the VictoryShares Core Intermediate Bond ETF, shifting allocations to larger fixed-income holdings. USAA sold its entire 2.42 million-share position in the VictoryShares Core Intermediate Bond ETF (UITB) during Q1 2026, totaling $114.8 milli
Insider buying action has picked up at Nomad Foods (NOMD). The company disclosed that CEO Dominic Brisby bought 150K shares at $9.79 on May 15 and CFO Ruben Baldew bought 14,731 shares at $9.71 on May 14 Director Ian Ashken also picked Insider buying action has pick
The retailer posted $41.8 billion in sales and $3.43 adjusted EPS, exceeding Wall Street forecasts while reaffirming fiscal 2026 guidance. Home Depot reported first-quarter sales of $41.8 billion, a 4.8% year-over-year increase, and adjusted earnings per share of $3.43, su
Indian officials are considering changes to revive buyer interest in the sale of a controlling stake in IDBI Bank, after the latest attempt to privatise the lender stalled, reported Bloomberg. Among the measures being examined is a cut of up to 20% in the reserve price, af
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