Archive snapshot · Business
Thu, Jun 4, 10:59 PM ET
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SpaceX targets $1.77 trillion IPO valuation at $135 per share in record Wall Street debut
SpaceX is pursuing the largest IPO in history with a valuation that would make it the seventh-biggest U.S. company, ahead of Tesla.
US Top News and Analysis · +14 outlets
Broadcom stock plunges 15% on weak software forecast despite strong AI chip growth
Broadcom missed revenue estimates and declined to raise full-year AI chip guidance, sparking sell-off despite $10.8B in AI revenue.
US Top News and Analysis · +11 outlets
Asia-Pacific markets fall on renewed Iran-U.S. tensions amid inflation concerns
U.S.-Iran military escalation and Middle East tensions are weighing on equity markets as investors fret over inflation persistence.
US Top News and Analysis · +14 outlets
Anthropic quietly files for IPO amid AI funding wave
Claude-maker Anthropic is preparing to go public in what would be a major milestone for generative AI companies seeking public capital.
The Times of India · +11 outlets
Fed inflation hawk Logan signals rates need to stay higher longer
Fed officials increasingly signal that inflation is proving stickier than expected, supporting higher-for-longer rate trajectory.
Bitget · +14 outlets
Kevin Warsh signals Fed may hike rates, upending market's soft-landing narrative
New Fed Chair Warsh's hawkish rhetoric suggests the central bank could surprise markets with rate hikes despite recent guidance.
24/7 Wall St. · +3 outlets
JPMorgan CEO Jamie Dimon personally pitches SpaceX IPO to ultra-wealthy clients
JPMorgan is mobilizing its private banking division to market SpaceX shares to the bank's highest-net-worth clients.
MarketWatch.com · +6 outlets
CrowdStrike falls despite beat-and-raise earnings as investors sell on saturation fears
CrowdStrike beat earnings estimates and announced a 4-for-1 stock split but saw shares punished due to investor concerns over market maturity.
US Top News and Analysis · +1 outlets
Morningstar warns SpaceX IPO overvalued by 50%, smart investors should wait
Top analyst argues SpaceX's IPO valuation is excessive and best buying opportunity will come after insider lockup expires.
Fortune · +1 outlets
S&P 500 valuation metric flashes warning last seen in 2007, Buffett explains risk
Key market indicator reaches levels associated with previous market peaks, raising investor caution.
AOL.com · +3 outlets
Day trading becomes easier as SEC scraps pattern day-trader rule restrictions
The SEC's pattern day-trading rule is being eliminated, though only 5% of day traders historically make money.
MarketWatch.com · +14 outlets
Victoria's Secret soars over 40% on strong earnings and improved outlook
Victoria's Secret shares jump significantly after reporting quarterly beat and raising forward guidance.
MSN · +7 outlets
Meta announces additional 7,000 layoffs following earlier 8,000 cuts
Meta is continuing workforce reductions with 7,000 additional employees identified for cuts following earlier restructuring.
The Times of India
Republican-led House votes to block Trump Iran war powers without congressional approval
Congress passes resolution limiting president's ability to conduct military strikes in Middle East without lawmakers' consent.
International homepage · +14 outlets
Amazon engineers criticize company for $200B AI spending amid 30,000 layoffs
Amazon employees are questioning the company's massive AI infrastructure investment while cutting a large portion of workforce.
US Top News and Analysis · +1 outlets
Trump blocks Fed Chair Warsh nomination reversal, intensifying rate hike expectations
Trump's handling of Fed leadership is creating market uncertainty about the central bank's inflation-fighting commitment.
AOL.com · +3 outlets
Private payrolls grow 122,000 in May, broader job gains than prior months
ADP employment data shows job creation accelerating with gains spread across sectors beyond healthcare.
US Top News and Analysis · +14 outlets
Macy's posts strongest Q1 growth in four years, raises guidance
Macy's turnaround strategy under CEO Tony Spring is delivering results, with store closures and reinvestment paying off.
US Top News and Analysis · +14 outlets
Palo Alto Networks earnings miss spurs selloff amid cybersecurity saturation concerns
Palo Alto's post-earnings decline reflects investor skepticism about cybersecurity sector growth despite beat-and-raise pattern.
US Top News and Analysis · +3 outlets
Chinese oil imports at decade low shield global crude market from price spike
Weak Chinese demand keeps oil under $100/barrel despite Middle East tensions and low U.S. inventory levels.
International homepage · +14 outlets
Social Security faces 2033 trust fund depletion with $500/month benefit cuts possible
New report shows magnitude of potential Social Security benefit reductions if reform is not implemented.
US Top News and Analysis · +14 outlets
Trump's Iran war drains U.S. oil reserves to lowest level since 2004
Strategic petroleum reserve levels have dropped to critically low threshold amid geopolitical conflict.
International homepage · +6 outlets
Goldman Sachs CEO says markets in 'greed' mode amid AI IPO wave
Wall Street's top dealmaker warns of excessive exuberance as AI companies rush to IPO.
Investing.com Australia · +6 outlets
SoftBank's OpenAI bet and rising debt raise liquidity crunch concerns
Analysts warn that market optimism on SoftBank is masking mounting balance-sheet risks tied to its AI exposure.
US Top News and Analysis · +9 outlets

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