Market News - Mboum.com

Jun 4, 2026, 2:03 AM EDT - 14 minutes ago

SMFG targets $5 billion trading revenue as Japan rates reset markets

Sumitomo Mitsui Financial Group plans to double revenue from its sales and trading unit to 800 billion yen, or about $5 billion, within the next few years as Japan's shift away from ultra-low rates dr...

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Jun 4, 2026, 2:02 AM EDT - 15 minutes ago

Taiwan beefs up anti-ship missile arsenal to counter threat of Chinese invasion

Taiwan will sharply increase its arsenal of powerful anti-ship missiles to more than 1,800 by early 2029, as it seeks to enhance its capacity to counter a mounting threat of blockade or invasion by Ch...

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Jun 4, 2026, 2:02 AM EDT - 15 minutes ago

Global airline chiefs to confront Iran war fuel shock at industry summit

Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing f...

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Jun 4, 2026, 1:48 AM EDT - 29 minutes ago

Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,500 as Silver Slips to $73 — Support or More Pain?

As the ceasefire remains intact beyond nine weeks and oil flows gradually normalize, gold faced strong selling pressure under $4,500 while silver slipped to $73.34. Strong central bank demand and silv...

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Jun 4, 2026, 1:46 AM EDT - 31 minutes ago

TSMC doubles down on AI growth as CEO sees demand staying strong

Taiwan Semiconductor Manufacturing Co. expects artificial intelligence to keep driving demand for its most advanced chips over the next few years, even as rising costs and the long buildout of US prod...

TSM BAR DBP GLD GLDM IAU OUNZ

Jun 4, 2026, 1:45 AM EDT - 32 minutes ago

‘Buying stuff like it's going out of fashion': Biotech M&A on track for best year since pre-Covid

So far in 2026, biotech deals amounted to $106 billion over 201 transactions, according to PitchBook data. That momentum in dealmaking comes despite an interest rate environment that has turned for th...

XBI BAR DBP GLD GLDM IAU OUNZ

Jun 4, 2026, 1:41 AM EDT - 36 minutes ago

SpaceX Seeks to Raise $75 Billion in Record IPO

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time. Elon Musk's rocket, satellite and artificial intelligence company plans to market about 555....

SPCX BAR DBP GLD GLDM IAU OUNZ

Jun 4, 2026, 1:39 AM EDT - 38 minutes ago

Natural Gas and Oil Forecast: 9 Weeks of Ceasefire – WTI & Brent Defend Floors, NatGas Eyes $3.25?

With geopolitical risk premium largely removed, oil benchmarks found support inside channels while natural gas maintained strength. WTI defended $95.53 with higher lows, Brent tested $97.18, and NatGa...

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Jun 4, 2026, 1:35 AM EDT - 42 minutes ago

Broadcom AI Chip Outlook Disappoints Investors

Broadcom shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue. Chief Executive Officer Hock Tan said the company $56 billion in...

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Jun 4, 2026, 1:00 AM EDT - 1 hour ago

SoftBank's shares are down 10% amid broader tech sell-off

Shares of SoftBank fell 10% amid a decline in other Asian tech giants. There are market concerns over the Japanese investment firm's high-risk bets on AI.

AVGO DBO GUSH IEO OIH PXJ UCO

Jun 4, 2026, 12:19 AM EDT - 1 hour ago

Nikkei 225 sinks as US-Iran clashes spark fresh risk-off trade

Asian equities fell on Thursday as renewed fighting between the United States and Iran pushed investors back towards safer assets, even as oil prices eased after Israel and Lebanon moved to implement ...

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Jun 3, 2026, 11:57 PM EDT - 2 hours ago

Nvidia, Hyundai in final talks to build AI R&D hub in South Korea: report

Nvidia and Hyundai Motor Group are in the final stage of talks to build a new artificial intelligence research and development hub in South Korea, according to a report by the Korea Economic Daily. Nv...

NVDA AGG BAR BBJP BNO DBJP DBO

Jun 3, 2026, 11:53 PM EDT - 2 hours ago

Meta repeatedly pushes back new AI model release for developers, WSJ says

Meta has repeatedly pushed back plans to release its new Muse Spark ‌AI model API to developers, and as of Tuesday, had no scheduled launch date, the Wall Street Journal reported, citing people fami...

META AGG BAR BBJP BNO DBJP DBO

Jun 3, 2026, 11:49 PM EDT - 2 hours ago

Oil Price Forecast: WTI Eyes $100 as Iran Tensions Lift Brent

Oil prices remain supported as Iran tensions, Strait of Hormuz risks, and falling U.S. crude inventories keep WTI near a key breakout zone while Brent holds its bullish structure.

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Jun 3, 2026, 11:36 PM EDT - 2 hours ago

India's tougher grid rules unsettle investors, test clean energy ambitions

India's push to tighten power grid discipline is colliding with its clean energy ambitions as tougher rules for solar and wind projects alarm investors, who warn the requirements could slash returns a...

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Jun 3, 2026, 11:14 PM EDT - 3 hours ago

Sunshine Silver Mining raises $270 million in US IPO

Sunshine Silver Mining & Refining Company raised $270 million in its U.S. initial public offering on Wednesday, joining a growing number of ‌companies rushing to seize buoyant investor enthusiasm for...

SSMR ICLN INDA QCLN TAN PXJ UCO

Jun 3, 2026, 11:05 PM EDT - 3 hours ago

Investing in SpaceX stock via this fund dilutes the risk of direct ownership

Billionaire Elon Musk's aerospace and technology giant, SpaceX, is on the verge of going live on Nasdaq under the ticker symbol “SPCX”. The company expects to sell about 555.6 million of its Class A s...

SPCX ICLN INDA QCLN TAN PXJ UCO

Jun 3, 2026, 10:50 PM EDT - 3 hours ago

Meta Keeps Delaying the Release of Its New AI Model to Developers

The shifting timeline is a setback for Meta's ability to monetize its massive investments in building frontier AI models.

META ICLN INDA QCLN TAN PXJ UCO

Jun 3, 2026, 10:47 PM EDT - 3 hours ago

SoftBank's OpenAI bet and rising debt are raising liquidity crunch concerns

SoftBank's concentrated AI bets are reviving concerns over its mounting debt. The company's shares have surged about 70% this year on investor enthusiasm over AI.

META ICLN INDA QCLN TAN PXJ UCO

Jun 3, 2026, 10:00 PM EDT - 4 hours ago

JPMorgan Chase Simulcast Woos Wealthy Investors for Record SpaceX IPO

JPMorgan Chase CEO Jamie Dimon will host a discussion about SpaceX's initial public offering that will be simulcast to 90 of the bank's locations in 26 states, Bloomberg reported Wednesday (June 3), c...

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Jun 3, 2026, 9:46 PM EDT - 4 hours ago

TSMC boss upbeat on outlook as AI boom shows no sign of easing

Taiwan's TSMC , the world's largest contract chipmaker, said on Thursday it is confident in its growth over ‌the next few years, driven by robust demand for computing power and advanced semiconductor...

TSM SPCX INDA QCLN TAN PXJ UCO

Jun 3, 2026, 8:57 PM EDT - 5 hours ago

Quantinuum raises $1.68 billion in IPO that seeks to give quantum computing more street cred

Quantinuum is pursuing a traditional IPO, whereas many other quantum players have gone the SPAC route.

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Jun 3, 2026, 8:56 PM EDT - 5 hours ago

OppFi Ruling Gives Bank-FinTech Partnerships a Win but Not Final Clarity

A California court has handed bank-FinTech partnerships one of their most significant legal victories to date. On May 19, Los Angeles County Superior Court Judge Gary D.

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Jun 3, 2026, 8:52 PM EDT - 5 hours ago

SpaceX stock market debut set to make Elon Musk a trillionaire

SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world's first trillionaire.

SPCX SPCX INDA QCLN TAN PXJ UCO

Jun 3, 2026, 8:49 PM EDT - 5 hours ago

Meta accuses Australia of breaching FTA, invokes US 'trade action'

Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax ‌on certain tech giants which do not strike licensing deals with local media, escalating a dispute whic...

META SPCX INDA QCLN TAN PXJ UCO

Jun 3, 2026, 8:48 PM EDT - 5 hours ago

Blackstone-backed Liftoff Mobile raises $437 million in US IPO

Blackstone-backed Liftoff Mobile said on Wednesday it has raised $437 million in its U.S. initial public offering, as a busy summer for listings gathers pace and encourages more ‌companies to test in...

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Jun 3, 2026, 8:48 PM EDT - 5 hours ago

SMFG aims to double sales and trading revenue to $5 billion, markets head says

Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global ‌markets said, as t...

SMFG LFTO INDA QCLN TAN PXJ UCO

Jun 3, 2026, 8:43 PM EDT - 5 hours ago

Oil falls as Lebanon and Israel agree to implement ceasefire

Oil prices eased on Thursday as Israel and Lebanon's ceasefire agreement boosted hopes for a broader deal to end the U.S.-Israeli war with Iran, while ‌the U.S. House approved a resolution seeking to...

BNO DBO GUSH IEO OIH PXJ UCO

Jun 3, 2026, 8:32 PM EDT - 5 hours ago

Gold Rises Amid Mild Dollar Weakness

Gold rose in early trade amid a slightly weaker dollar that makes the U.S.-dollar denominated precious metal less expensive for potential investors.

AAAU BAR DBP GLD GLDM IAU OUNZ

Jun 3, 2026, 8:23 PM EDT - 5 hours ago

Nikkei Falls 1.2%, Dragged by Tech, Metals Stocks

Japanese stocks fell as concerns about the Iran conflict and higher energy costs resurface.

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Jun 3, 2026, 8:20 PM EDT - 5 hours ago

JGBs Mixed; BOJ Rate-Increase Prospects Could Weigh

JGBs were mixed in price terms in morning Tokyo session, but may be weighed by BOJ rate-increase prospects.

BBJP DBJP DFJ DXJ EWJ EZJ FLJP

Jun 3, 2026, 8:06 PM EDT - 6 hours ago

Amazon Ring Sued for Facial Recognition Technology: Here's Why It May Violate Privacy Laws

Ring's face-detecting AI is problematic, but it's far from the only security brand to use it.

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Jun 3, 2026, 8:06 PM EDT - 6 hours ago

Amazon to Show AI-Generated Product Images When You Shop for Real-Life Products

The images won't show real products you can buy, but they will illustrate general terms such as "cowl neck" or "rattan."

AMZN DBJP DFJ DXJ EWJ EZJ FLJP

Jun 3, 2026, 8:00 PM EDT - 6 hours ago

Samsung "Good Ways to Go from Here?" Molly Pieroni's AI Memory Bull Case

Samsung is a name U.S. investors need to pay more attention to, argues Molly Pieroni. The South Korean tech firm's ties to the AI memory trade make it a critical player in what many experts consider a...

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Jun 3, 2026, 8:00 PM EDT - 6 hours ago

Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers

Amazon engineers railed at their employer for conducting mass layoffs while committing to spend $200 billion this year on AI infrastructure, including data centers. The engineers spoke at a Seattle Ci...

AMZN DBJP DFJ DXJ EWJ EZJ FLJP

Jun 3, 2026, 8:00 PM EDT - 6 hours ago

SoftBank CEO's Bad Bets Left Him in Despair. An AI Spree Has Him Back on Top.

Masayoshi Son said that his Tokyo-based technology conglomerate would unleash at least $52 billion of investment in French data centers.

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Jun 3, 2026, 7:47 PM EDT - 6 hours ago

IG4, Petrobras confirmed as co-controllers of Brazil's Braskem, concluding April deal

Private equity management firm IG4 Capital and Brazilian state-run oil company Petrobras on Wednesday became ‌the co-controllers of petrochemical firm Braskem , completing a deal signed in April, IG4...

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Jun 3, 2026, 7:47 PM EDT - 6 hours ago

Apple to Scrap Vision Pro Successor and Focus on Smart Glasses

Apple has dropped its plans for a successor to its Vision Pro mixed reality headset and will focus instead on smart glasses, Seeking Alpha reported Wednesday (June 3), citing TF International Securiti...

AAPL PBR DFJ DXJ EWJ EZJ FLJP

Jun 3, 2026, 7:41 PM EDT - 6 hours ago

Oil Futures Fall on Possible Technical Correction

Oil futures fell in early Asian trade on a possible technical correction after crude futures rose for the third straight session overnight.

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Jun 3, 2026, 7:38 PM EDT - 6 hours ago

Jim Cramer: I fear SpaceX is losing so much money the stock could be a drain for some time

'Mad Money' host Jim Cramer weighs in on the latest news on the upcoming SpaceX IPO and how tech companies are racing to raise funds.

SPCX DBO GUSH IEO OIH PXJ UCO

Jun 3, 2026, 7:35 PM EDT - 6 hours ago

Fmr. SEC Chair: Giants Like SpaceX Need To Find Revenue Model

Gary Gensler, former chair of both the CFTC and SEC, discusses the capital markets and the regulatory challenges they face. The discussion highlights the anticipated surge in IPO activity in 2026, wit...

SPCX DBO GUSH IEO OIH PXJ UCO

Jun 3, 2026, 7:16 PM EDT - 7 hours ago

CrowdStrike's stock falls as investors find more reason to pan cybersecurity earnings

Like Palo Alto Networks before it, CrowdStrike beats financial expectations but sees its stock get punished

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Jun 3, 2026, 7:04 PM EDT - 7 hours ago

British drug-cost watchdog recommends use of AbbVie's ovarian cancer therapy

The UK cost-effectiveness watchdog on Thursday recommended AbbVie's "guided missile" cancer therapy, Elahere, for patients with a hard-to-treat form of ovarian cancer.

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Jun 3, 2026, 6:58 PM EDT - 7 hours ago

Elon Musk's net worth poised to sail past $1 trillion in SpaceX IPO

Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion. That's on top of Musk's $350 billion-plus stake in Tesla.

SPCX DBO GUSH IEO OIH PXJ UCO

Jun 3, 2026, 6:56 PM EDT - 7 hours ago

Lovable signs multi-year deal with Google Cloud to up usage 5x, source says

Lovable and Google announced an expanded multi-year collaboration on Wednesday. Lovable, the fast-growing Stockholm vibe-coding startup, has long been a Google Cloud user.

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Jun 3, 2026, 6:50 PM EDT - 7 hours ago

SpaceX Targets $75 Billion For IPO—Valuing Company Above $1.75 Trillion

It appears very likely, as he owns 42% of SpaceX's common stock and 350 million stock options, all of which would be worth $688 billion if SpaceX maintains its $135 trade price.

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Jun 3, 2026, 6:42 PM EDT - 7 hours ago

Morgan Stanley and Goldman Sachs Land Anthropic IPO

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering (IPO), with JPMorganChase also involved in the deal, Bloomberg reported Wednesday (June 3), citing unnamed s...

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Jun 3, 2026, 6:26 PM EDT - 7 hours ago

How single-stock turbulence presents ‘asymmetric' downside risk for a rather calm S&P 500

A “dispersion trade” is being fueled by rising volatility for individual stocks while index volatility is falling — suggesting the risks of a selloff are rising

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Jun 3, 2026, 6:24 PM EDT - 7 hours ago

Perpetual futures incite bad behavior, says CME CEO Terry Duffy

CME Chairman and CEO Terry Duffy joins 'Fast Money' to share his take on the use of perpetual futures in trading and why he is cautious on them.

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Jun 3, 2026, 6:21 PM EDT - 7 hours ago

SpaceX wants to raise $75 billion for a record-setting IPO

Elon Musk's SpaceX is planning for the largest IPO ever. The company said in a filing its seeking to raise $75 billion.

SPCX SPXL SPY SSO UPRO VOO UCO

Jun 3, 2026, 6:05 PM EDT - 8 hours ago

Alnylam, Inceptive sign up to $2 billion AI drug discovery deal

Alnylam Pharmaceuticals said on Wednesday it has teamed up with artificial-intelligence biotech Inceptive in a deal worth up ‌to $2 billion to use AI to speed up discovery of RNA-based medicines.

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Jun 3, 2026, 6:04 PM EDT - 8 hours ago

SpaceX IPO to Be Largest Ever at $135 Share Price

The $135 share price means Elon Musk's rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.

SPCX SPXL SPY SSO UPRO VOO UCO

Jun 3, 2026, 6:02 PM EDT - 8 hours ago

Apple Stock Has Been Hot Lately. New AI Features Could Provide the Next Boost

Apple's annual Worldwide Developers Conference is scheduled to kick off Monday. The event looks set to follow what has been a strong stretch for the stock.

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Jun 3, 2026, 6:02 PM EDT - 8 hours ago

These Experts Say the Memory-Stock Runup May Not Be Over Yet

Booming AI demand and rising memory prices could mean even more gains ahead for memory investor favorites Micron and Sandisk, after a blistering rally in recent months, according to analysts at Morgan...

MU SNDK SPY SSO UPRO VOO UCO

Jun 3, 2026, 5:44 PM EDT - 8 hours ago

Vanguard index product becomes first ETF to top $1 trillion in assets

The Vanguard S&P 500 ETF , the index investing pioneer's flagship exchange-traded product, became the first in the history of ‌ETFs to reach and exceed $1 trillion in assets, the investment firm conf...

VOO SNDK SPY SSO UPRO VOO UCO

Jun 3, 2026, 5:44 PM EDT - 8 hours ago

JPMorgan's Dimon to discuss SpaceX IPO roadshow with ultra-rich clients, Bloomberg News reports

JPMorgan Chase CEO Jamie Dimon plans to discuss the upcoming initial public offering of SpaceX with thousands of the bank's high-net-worth clients this week, according to a report by Bloomberg News o...

JPM SPCX SPY SSO UPRO VOO UCO

Jun 3, 2026, 5:44 PM EDT - 8 hours ago

Google search facing UK 'conduct requirement'

Google search is facing a series of targeted rules that a UK regulator says will secure a fairer deal for publishers and consumers, and improve its services at the same time.

GOOG GOOGL SPY SSO UPRO VOO UCO

Jun 3, 2026, 5:42 PM EDT - 8 hours ago

Gold breaks $4,440 as U.S.-Iran fighting pressures markets - Kitco PM Report

Spot gold and silver prices are sharply lower after the close Wednesday, as crude oil rallied, Treasury yields rose and renewed U.S.-Iran fighting pressured non-yielding metals.

AAAU DGP GLD GLDM IAU OUNZ UGL

Jun 3, 2026, 5:22 PM EDT - 8 hours ago

Kalshi reports ex-congressman George Santos to DOJ over suspicious trades

A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Donald Trump's State of the Union address, then bet against his own attendance, ...

AAAU DGP GLD GLDM IAU OUNZ UGL

Jun 3, 2026, 5:22 PM EDT - 8 hours ago

SpaceX Seeks to Raise $75 Billion in IPO Plan

SpaceX is seeking to raise $75 billion in an IPO that would be the biggest of all time, as Elon Musk's rocket, space and artificial intelligence company targets a historic debut that could clear a pat...

SPCX DGP GLD GLDM IAU OUNZ UGL

Jun 3, 2026, 5:21 PM EDT - 8 hours ago

Baillie Gifford Debuts Suite of Active Growth ETFs

On Wednesday, June 3, Baillie Gifford made its foray into the world of U.S. ETFs with the launch of its first suite of actively managed ETFs. Each new fund provides a different approach to equity expo...

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Jun 3, 2026, 5:21 PM EDT - 8 hours ago

SpaceX is set to crush global records by targeting a massive IPO haul of up to $86 billion

Elon Musk will hold more than 80% of the voting power of SpaceX shares, cementing his control over the company.

SPCX BGGG GLD GLDM IAU OUNZ UGL

Jun 3, 2026, 5:15 PM EDT - 9 hours ago

Helix BioPharma Corp. Announces Closing of Private Placement of Convertible Debentures

Vancouver, British Columbia – TheNewswire - 3 June, 2026 – Helix BioPharma Corp. (TSX: “ HBP ”, OTC PINK: “ HBPCF ”, FRANKFURT: “ HBP0 ”) (“ Helix ” or the “ Company ”), a clinical-stage oncology comp...

SPCX BGGG GLD GLDM IAU OUNZ UGL

Jun 3, 2026, 5:15 PM EDT - 9 hours ago

Neurothera Labs Inc. Announces Closing Of Acquisition Of Majority Stake In Cliniquantum Ltd.

Toronto, Ontario – June 3, 2026 – TheNewswire – NeuroThera Labs Inc. (TSXV: NTLX) (the “ Company ” or “ NeuroThera ”), a clinical-stage biotech company and a majority-owned subsidiary of SciSparc Ltd...

SPRC BGGG GLD GLDM IAU OUNZ UGL

Jun 3, 2026, 5:12 PM EDT - 9 hours ago

Bitcoin falls 4% to over three-month low

Bitcoin, the world's ‌largest cryptocurrency by market ⁠value, on Wednesday fell 4% to $64,721.39, the lowest ‌since ⁠February 28.

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Jun 3, 2026, 5:11 PM EDT - 9 hours ago

Sticker Shock at the Pump Fuels a Surge in Hybrid Sales

Sales of hybrid vehicles rose 33% in May versus last year, as buyers seek better fuel economy.

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Jun 3, 2026, 5:09 PM EDT - 9 hours ago

Macy's CEO on Earnings, Brand Strategy and Outlook

Macy's CEO Tony Spring discusses the company's earnings, consumer spending trends and the outlook for retail sales with Romaine Bostick on "Bloomberg The Close." -------- More on Bloomberg Television ...

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Jun 3, 2026, 5:08 PM EDT - 9 hours ago

SpaceX IPO Would Raise $75 Billion

The company plans to sell at $135 a share, eschewing norm of setting a price range and incorporating investor feedback.

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Jun 3, 2026, 5:07 PM EDT - 9 hours ago

SpaceX looking to price IPO at $135 per share, offering 555.6 million shares

CNBC's Leslie Picker has the latest on SpaceX's upcoming IPO.

SPCX DRIV IDRV KARS LIT BITC BITO

Jun 3, 2026, 5:01 PM EDT - 9 hours ago

Leocor Mining Announces Results of its Annual General and Special Meeting and Sets Anticipated Closing and Record Date for Intrepid Share Distribution

Vancouver, British Columbia ( June 3, 2026) – TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“ Leocor ” or the “ Company ”) is pleased to announce the results of its annu...

SPCX DRIV IDRV KARS LIT BITC BITO

Jun 3, 2026, 5:00 PM EDT - 9 hours ago

Avrupa Minerals Announces Initial Mineral Resource Estimate for the Sesmarias Copper/Zinc Project, Portugal

Total Inferred Mineral Resource Estimate of 6.5 million tonnes grading 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag, or CuEq of 2.2%, or ZnEq of 6.2%. Several areas identified for additional drilling, ...

SPCX DRIV IDRV KARS LIT BITC BITO

Jun 3, 2026, 5:00 PM EDT - 9 hours ago

Hasbro's New AI Studio Looks to Bring Its Iconic Characters to Next-Generation Experiences

Hasbro launched Sixth Wall, a new artificial-intelligence studio aiming to bring the toymaker's cast of characters into the new technological era.

HAS DRIV IDRV KARS LIT BITC BITO

Jun 3, 2026, 4:59 PM EDT - 9 hours ago

CrowdStrike Lifts Outlook After Swinging to First-Quarter Profit

The cybersecurity company said it now expects annual recurring revenue of $6.53 billion to $6.56 billion for all of fiscal 2027, up from its previous target of $6.47 billion to $6.52 billion.

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Jun 3, 2026, 4:58 PM EDT - 9 hours ago

Exclusive: Honeywell's Quantinuum raises $1.68 billion in US IPO as quantum computing heats up, source says

Honeywell's Quantinuum raised $1.68 billion in its U.S. initial public offering after pricing shares at $60 apiece, a source familiar with the matter said on Wednesday, as investors flocked to one of...

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Jun 3, 2026, 4:58 PM EDT - 9 hours ago

Stocks take a breather on Wednesday as torrid rally cools — putting potentially historic S&P 500 winning streak in jeopardy

The powerful stock-market rally took a breather on Wednesday after a solid stretch of gains. As of the closing bell, the S&P 500 had wiped out its advance from earlier in the week, placing a lengthy w...

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Jun 3, 2026, 4:57 PM EDT - 9 hours ago

Elon Musk's SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

The company is aiming to raise $75 billion, the most ever for an IPO, in a deal that would value it at $1.75 trillion.

SPCX SPXL SPY SSO UPRO VOO BITO

Jun 3, 2026, 4:52 PM EDT - 9 hours ago

Amazon.com (AMZN) Price Forecast: Double Top Breakdown Tests Support

Amazon has broken down from a double top pattern and is testing key technical support zones, with downside risk increasing if support fails to hold.

AMZN SPXL SPY SSO UPRO VOO BITO

Jun 3, 2026, 4:52 PM EDT - 9 hours ago

Google's AI Overviews search feature will be impacted by a ‘world first' rule in the U.K. Here's what will change

AI-generated summaries in Google search results take content from online publishers while reducing traffic to their websites—a tricky relationship that has been seemingly inevitable until now.

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Jun 3, 2026, 4:50 PM EDT - 9 hours ago

PVH Cuts Outlook Citing Iran War Impact on Sales

The owner of Tommy Hilfiger and Calvin Klein said it now expects full-year revenue to stay approximately flat, compared to previous guidance of a slight increase.

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Jun 3, 2026, 4:47 PM EDT - 9 hours ago

CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 9%

CrowdStrike announced a four-for-one stock split and narrowly beat Wall Street's fiscal 2027 first-quarter estimates. Shares are up about 60% this year as companies lean into more cyber tools to fend ...

CRWD GOOGL SPY SSO UPRO VOO BITO

Jun 3, 2026, 4:45 PM EDT - 9 hours ago

Hasbro AI Studio Unveils Interactive AI Versions Of Iconic Characters

Toymaker Hasbro today unveiled a project it has been working on in stealth mode for the past year - an AI studio tasked with giving iconic Hasbro properties like Mr. Potato Head interactive, AI-powere...

HAS GOOGL SPY SSO UPRO VOO BITO

Jun 3, 2026, 4:43 PM EDT - 9 hours ago

Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones

Gold is testing key long-term support as bearish momentum builds, with downside targets emerging, while only a reclaim of short-term resistance would signal stabilization.

AAAU BAR DBP GLD GLDM IAU OUNZ

Jun 3, 2026, 4:41 PM EDT - 9 hours ago

CrowdStrike reports higher operating expenses as AI investments gain pace

CrowdStrike reported a 15% jump in its first-quarter operating expenses on Wednesday, as the cybersecurity company ramps up ‌investments in AI and product development.

CRWD BAR DBP GLD GLDM IAU OUNZ

Jun 3, 2026, 4:40 PM EDT - 9 hours ago

Shopify Resolves 2-Hour Outage Impacting Storefronts and Checkouts

Shopify has resolved a two-hour outage that started Wednesday morning (June 3). The company announced the problem at 9:27 a.m.

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Jun 3, 2026, 4:39 PM EDT - 9 hours ago

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk's determination to ...

SPCX BAR DBP GLD GLDM IAU OUNZ

Jun 3, 2026, 4:39 PM EDT - 9 hours ago

Cipher Digital CEO on powering data centers and the company's growth strategy

Tyler Page, Cipher Digital CEO, joins 'Power Lunch' to discuss the company's pipeline, latency issues and much more.

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Jun 3, 2026, 4:38 PM EDT - 9 hours ago

Meta's Metaverse lead quietly left four months ago

Gabriel Aul, who led the Metaverse Products Group, retired and left Meta earlier this year. Aul announced his retirement after a few months on the job and was replaced by Saxs Persson.

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Jun 3, 2026, 4:37 PM EDT - 9 hours ago

TransAlta to buy Blackstone-backed Colorado peaking plants for $1 billion

TransAlta Corp said on Wednesday it ‌will acquire two natural gas-fired peaking facilities near Denver, Colorado, from Blackstone for about $1 billion.

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Jun 3, 2026, 4:37 PM EDT - 9 hours ago

Broadcom Revenue Climbs on AI Chip Demand

The semiconductor and software maker says semiconductor revenue from AI more than doubled to $10.8 billion in the quarter, boosted by increasing demand for custom AI accelerators and AI networking, Ch...

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Jun 3, 2026, 4:34 PM EDT - 9 hours ago

Tesla expands service area of unsupervised robotaxis in Austin

Tesla on Wednesday said it expanded the coverage area in Austin for unsupervised robotaxis. The company didn't say if it was adding more vehicles within the service zone.

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Jun 3, 2026, 4:33 PM EDT - 9 hours ago

SpaceX IPO Could Be a Killer—in More Ways Than One

Markets are making room for Elon Musk's biggest venture—and the spillover could be painful.

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Jun 3, 2026, 4:31 PM EDT - 9 hours ago

Real-Estate Giant Compass Under Antitrust Investigation in New York

The state attorney general is investigating Compass after it closed a $1.6 billion acquisition of a rival brokerage firm. Compass shares fell 12% Wednesday.

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Jun 3, 2026, 4:30 PM EDT - 9 hours ago

FintechWerx Launches EMTWerx 2.0 Featuring Automated Interac E-Transfer Capability

Vancouver, British Columbia - 3 June, 2026 - TheNewswire - FintechWerx International Software Services Inc. (CSE: WERX) (“FintechWerx” or the “Company”) is pleased to announce that EMTWerx 2.0, now in...

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Jun 3, 2026, 4:20 PM EDT - 9 hours ago

Broadcom stock drops 5% on revenue miss

Broadcom reported weaker-than-expected revenue in its fiscal second-quarter earnings report on Wednesday. Leading up to the report, revenue has surged in recent quarters, driven by demand for custom A...

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Jun 3, 2026, 4:20 PM EDT - 9 hours ago

AMD stock jumps as AI optimism pushes valuation toward $900 billion

Advanced Micro Devices (AMD) shares climbed on Wednesday as investors returned to the semiconductor sector, pushing the stock toward a market capitalization milestone that it has never previously reac...

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Jun 3, 2026, 4:19 PM EDT - 9 hours ago

S&P 500 Nine-Day Winning Streak Ends | Closing Bell

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee.

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Jun 3, 2026, 4:18 PM EDT - 9 hours ago

Broadcom forecasts quarterly revenue above estimates on strong AI chip demand

Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting ‌on robust demand for its custom AI chips and networking gear.

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Jun 3, 2026, 4:15 PM EDT - 10 hours ago

Ford recalls nearly 420,000 Expedition and Lincoln Navigator SUVs over seat belt locking issue

Ford recalls nearly 420,000 Expedition and Lincoln Navigator SUVs over seat belt retractor pretensioners that may lock and cause injury in a crash.

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Jun 3, 2026, 4:14 PM EDT - 10 hours ago

S&P 500 Elliott Wave Count Warns of Correction as Breadth Divergence Deepens

The S&P 500 likely completed its final rally wave near target, while worsening breadth divergences suggest a correction or larger multi-month decline may be underway.

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Jun 3, 2026, 4:08 PM EDT - 10 hours ago

Uber to put 500 data-collection vehicles on the road this year

Uber revealed on Wednesday a prototype car that it plans to use to scoop up real-world driving data that can be used by its growing list of autonomous vehicle partners such as Avride, Waymo, and WeRid...

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