Brent crude falls near prewar levels of $72.50, while U.S. gasoline prices drop below $4 a gallon for the first time since May. U.S. equities rebounded Thursday after the U.S. and Iran signed an interim pact to de-escalate tensions, sending Brent crude futures near $72.50
VOO surpasses $1 trillion milestone as tech concentration in the S&P 500 raises stability concerns among investors. The Vanguard S&P 500 ETF (VOO) reached a historic $1 trillion in assets, becoming the first exchange-traded fund to achieve the milestone. The fund’s growth
Hedge fund manager Michael Burry initiates a bearish bet on SpaceX as its market cap surges to $2.8 trillion post-IPO. Hedge fund manager Michael Burry has taken a short position on SpaceX (SPCX), the aerospace company valued at $2.8 trillion following its June 12 initial
Investors react to an interim agreement easing tensions, potentially reducing demand for defense contractor Lockheed Martin’s weapons. Lockheed Martin (LMT) stock declined 4.2% by midday Thursday following an interim U.S.-Iran agreement aimed at ending hostilities. The dea
D.A. Davidson upgraded Nice (NICE) to Buy from Neutral while maintaining its $110 price target Shares of Nice â which provides software platforms for customer engagement and financial crime and compliance â rose about 1% on Thursday. "We are upgrading
Three S&P 500 companies announced dividend increases, with Target extending its 55-year streak at a modest 2% raise. Target, Caterpillar, and FedEx raised quarterly dividends following the spring earnings season. Target, a Dividend King, increased its payout by nearly 2% t
By Akash Sriram and Jemima Denham NEW YORK/LONDON, June 18 Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue Origin. The concept of d
Intel reports near $53 billion revenue but a $60 million net loss for FY 2025 amid foundry transition costs. Intel reported revenue of nearly $52.9 billion for fiscal year 2025, reflecting its role in PCs, data centers, and automotive chips. The company posted a net loss o
Tim Cook’s remarks on unavoidable cost increases for Apple products drive gains in memory suppliers SanDisk and Western Digital. SanDisk (SNDK) jumped 11% to $2,170 while Western Digital (WDC) rose 7% to $764 after Apple CEO Tim Cook called memory cost increases "unavoidab
SpaceX surpasses Taiwan Semiconductor in valuation after its second trading day, reaching $2.5 trillion despite lower revenue and net losses. SpaceX (NASDAQ: SPCX) became the world’s sixth most valuable company, topping $2.5 trillion in market capitalization after its seco
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