Elon Musk’s rocket and satellite firm plans to raise $75 billion in an all-primary offering targeting a record $1.75 trillion valuation. SpaceX aims to raise at least $75 billion in its initial public offering, targeting a $1.75 trillion valuation including a greenshoe opt
Bank of America labels STMicroelectronics' data center outlook optimistic but flags execution risks as shares rally sharply. STMicroelectronics (STM) issued a higher-than-expected forecast for data center demand, which Bank of America described as ambitious. The firm empha
C3.ai misses Q3 revenue estimates by 29.59% C3.ai reported Q3 revenue of $53.26 million, missing consensus estimates by 29.59% and falling 46.08% year over year. The company's GAAP gross margin collapsed to 17% from 59% a year earlier. Non-GAAP EPS landed at -$0.40
Median monthly mortgage payments reach record levels as home prices and mortgage rates remain elevated in 2026. The median monthly mortgage payment for U.S. homebuyers climbed to $2,134 in April 2026, driven by a 6.6% average mortgage rate and a median home price of $417,7
The tobacco firm reports a strong start to FY2026, citing double-digit next-generation product growth and market share gains. Imperial Brands said it has begun its 2026 financial year strongly, driven by double-digit growth in next-generation products (NGP) and progress on
The industrial filtration firm reported $995 million in sales and $1.06 adjusted EPS, driven by 8% growth in Mobile Solutions. Donaldson reported record third-quarter fiscal 2026 sales of $995 million, up 6% year over year, alongside adjusted earnings per share of $1.06, a
Genco Shipping rejects Diana Shipping’s unsolicited offer, citing undervaluation and lack of control premium for its drybulk fleet. Genco Shipping & Trading’s board unanimously advised shareholders to reject Diana Shipping Inc.’s unsolicited tender offer, arguing the bid f
Marvell's market cap jumps to $234 billion Nvidia CEO Jensen Huang has given Marvell Technology a significant boost by endorsing the company as the next trillion-dollar firm. Marvell's market cap was $191 billion before Huang's comment. The company's stock
VSCO raises full-year sales and earnings guidance after reporting $1.56B in Q1 revenue, up 15.3% year-over-year. Victoria's Secret & Co. (VSCO) posted first-quarter earnings and revenue well above Wall Street expectations, driving shares up as much as 50% to briefly exceed
The NASDAQ-listed firm will deploy 25,856 AI accelerator cards and infrastructure for India’s Yotta AI project under the agreement. Gorilla Technology Group (NASDAQ:GRRR) finalized a $2 billion AI infrastructure supply deal with Super Micro Computer (NASDAQ:SMCI) to delive
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