MMM stock fell to $158.17, ending a seven-session streak that outperformed the S&P 500 by 6 percentage points. 3M shares declined 0.09% to $158.17 on Monday, halting a seven-session winning streak. The drop followed a 4.4% gain over the prior week, which contrasted with th
Retail investors drive SpaceX shares up 16% despite concerns over valuation and unresolved technical challenges in its space data center plans. SpaceX shares surged $25 to $185, a 16% gain, as retail investors piled into the stock following its IPO. The rally lifted the co
Fox buys Roku in a $22 billion deal Fox is purchasing Roku, a streaming company, for $22 billion. The deal will be funded with new debt and cash on hand, backed by a $12 billion temporary loan. The acquisition marks a shift in media M&A from content ownership to con
The blue-chip index rose 1.4% to close at an all-time high, driven by broad-based strength across its components. The Dow Jones Industrial Average climbed 1.4% on Monday to set a fresh record, extending a weeks-long rally. All 30 stocks in the index advanced, underscoring
The agreement values Roku at $160 per share, combining cash and stock, with Fox shareholders owning 73% of the merged entity. Fox Corporation will acquire Roku in a $22 billion cash-and-stock transaction, valuing Roku at $160 per share. The deal includes $96 in cash and 0.
Dell'Oro Group forecasts data center spending to surpass $1 trillion in 2026 driven by AI infrastructure demand. Global data center capital expenditures are projected to top $1 trillion in 2026, as cloud providers accelerate investments in AI-driven infrastructure. The sur
Honeywell's board approved spinning off its aerospace division into a separate public company, lifting HON shares above a key resistance level. Honeywell (HON) announced board approval to spin off its aerospace unit into an independent, publicly traded company on June 29.
A director at American Superconductor reduced her stake by 21% in an open-market sale, citing tax planning as the reason. American Superconductor Corp. (NASDAQ:AMSC) disclosed a $151,000 insider stock sale by director Laura A. Dambier on June 11, 2026. The transaction invo
Adobe’s strategic shift to free AI tools pressures earnings, cutting its P/E to 12 versus the S&P 500’s 24. Adobe’s stock has fallen 51% from its 52-week high as the company prioritizes long-term user growth over short-term earnings. The pivot to free, AI-powered tools has
Pfizer anticipates a five-year growth phase starting in 2029, driven by patent extensions and R&D investments. Pfizer (PFE) expects revenue growth to rebound to high-single-digit rates beginning in 2029, according to CEO Albert Bourla. The outlook follows a period of decli
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