The potential acquisition would mark Alibaba's largest deal in on-demand grocery delivery, surpassing Meituan's $717m purchase earlier this year. Alibaba is negotiating to acquire Chinese on-demand grocery platform Pupu for a reported $1.5bn, according to sources familiar
SpaceX received its first Wall Street sell rating shortly after trading began, with a price target implying a 29% decline from its closing price. SpaceX (NASDAQ: SPCX) debuted on June 12 as the largest IPO in history, raising $75 billion and closing with a $2.1 trillion ma
The acquisition expands Kesko’s B2B technical trade footprint across Sweden, Norway, and Denmark with €2.06bn in combined net sales. Finnish retailer Kesko will buy Dahl’s Swedish, Norwegian, and Danish businesses from Saint-Gobain for €1.20bn, its largest acquisition to d
SpaceX shares surged over 20% on debut, pushing its market cap above $2 trillion, the largest IPO in history. SpaceX (NASDAQ: SPCX) began trading at $135 per share on June 12, achieving an initial market valuation of $1.8 trillion. The stock climbed more than 20% on its fi
Technical analysis indicates Dow Futures have completed a correction and resumed an uptrend from the March 30, 2026 low. Dow Futures have broken out of a corrective phase, signaling the start of a new bullish leg, according to Elliott Wave analysis. The rally from the Marc
GM and Lockheed Martin discuss manufacturing components for weapons systems The Pentagon is seeking to restock munitions depleted by wars in Ukraine and Iran. GM's manufacturing capacity could help Lockheed scale up production. The Trump administration's pr
The miner will resume quarterly payouts at $0.03 per share and expand its share repurchase program by $500M. SSR Mining’s board authorized an additional $500M for share repurchases and reinstated its quarterly dividend at $0.03 per share, equating to $0.12 annually. The mo
S&P Global projects Strait of Hormuz shipping volumes will reach only three-quarters of pre-war levels by late 2026, limiting crude price declines. A US-Iran memorandum of understanding on Hormuz transit, set for signing June 14, offers limited near-term relief for energy
ARI to dissolve and distribute $3.75 per share to stockholders after board deems liquidation the optimal path forward. Apollo Commercial Real Estate Finance’s board has decided to liquidate the company’s assets and wind down operations, citing the move as the best option f
S&P 500 and Nasdaq post strong gains, but Russell 2000 closes near session lows despite record highs and oil price rebound. US equities closed higher with the S&P 500 up 1.6% and the Nasdaq surging 3.1%, driven by gains in memory stocks like Micron and Western Digital. The
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