Explore

Analysis-SpaceX's lofty valuation set to put 'Elon premium' to test

Analysis-SpaceX's lofty valuation set to put 'Elon premium' to test

By Niket Nishant and Johann M Cherian June 9 (Reuters) - SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.

Charter and Comcast rival files Chapter 11 bankruptcy

Charter and Comcast rival files Chapter 11 bankruptcy

When cable television first rolled out across the United States, the major players, which included current leaders Comcast and Charter Communications worked with communities on an exclusive basis. One of those companies agreed with each community on a deal to build out the needed cable ...

Factbox-OpenAI joins AI listing queue with Anthropic

Factbox-OpenAI joins AI listing queue with Anthropic

June 8 (Reuters) - OpenAI said on Monday it has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. Wall Street is betting 2026 could be a breakout year for the U.S.

Citi quietly resets S&P 500 price target for the rest of 2026

Citi quietly resets S&P 500 price target for the rest of 2026

Wall Street spent the bulk of 2026 figuring out whether the stock market has come too far, too fast. However, according to TheFly, Citi analysts are looking past the immediate damage as they revamp their S&P 500 target. They make the case that something far more durable may be taking shape, ...

J.M. Smucker forecasts upbeat annual profit on higher coffee prices, at-home dining

J.M. Smucker forecasts upbeat annual profit on higher coffee prices, at-home dining

June 9 (Reuters) - J.M. Smucker, the maker of Folgers coffee, forecast annual profit above Wall Street expectations on Tuesday as resilient demand and higher prices, particularly for coffee, helped deliver a fourth-quarter profit beat. Shares of the company rose 3% in premarket trading.

Wall Street opens higher as AI stocks regain some more ground and oil prices ease

Wall Street opens higher as AI stocks regain some more ground and oil prices ease

The U.S. stock market is climbing as artificial-intelligence stocks regain more of their sudden and sharp losses from last week, while oil prices ease

Palantir flashes a warning signal Wall Street can’t ignore

Palantir flashes a warning signal Wall Street can’t ignore

Palantir Technologies (PLTR) just delivered one of the strongest quarters in software, and its stock is sliding anyway. Shares of the artificial intelligence company fell about 13% in five trading days, closing near $136 on June 8 after trading above $158 a week earlier. That kind of drop usually ...

OpenAI files for US IPO after Anthropic as AI giants head to public markets

OpenAI files for US IPO after Anthropic as AI giants head to public markets

June 8 (Reuters) - ChatGPT-maker OpenAI confidentially filed for a U.S. initial public offering on Monday, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom.

Wall Street drops as AI stocks slide sharply again

Wall Street drops as AI stocks slide sharply again

Artificial-intelligence stocks are tumbling again, and the former superstars that had led the market to records are dragging Wall Street along with them

Another sell-off for AI stocks drags Wall Street sharply lower

Another sell-off for AI stocks drags Wall Street sharply lower

Another sell-off for artificial-intelligence stocks is dragging Wall Street sharply lower

Citigroup lifts S&P 500 year-end target to 8,100 on earnings strength, AI 'supercycle'

Citigroup lifts S&P 500 year-end target to 8,100 on earnings strength, AI 'supercycle'

By Kanchana Chakravarty June 8 (Reuters) - Citigroup became the latest Wall Street brokerage to raise its 2026-end target for the S&P 500 index beyond the 8,000 mark, citing resilience in corporate earnings and AI-driven growth.

Elon Musk sets SpaceX IPO price in blunt message to Wall Street

Elon Musk sets SpaceX IPO price in blunt message to Wall Street

Companies preparing for an initial public offering normally set a price range, gauge demand on a roadshow, and negotiate a final share price. SpaceX skipped every step of that process, and the decision reveals how Elon Musk intends to operate as a public company executive. The rocket and satellite ...