SpaceX’s volatile stock performance has drawn intense scrutiny from investors as the Elon Musk-led company seeks to justify a valuation approaching $1 trillion. But the market swings have also highlighted the extraordinary gains made by investors that backed SpaceX before it became a publicly traded company. The stock has already passed a key test following
Big Tech’s record AI spending is starting to look less like a drag on valuations and more like the foundation for the next leg of earnings growth. Results from Microsoft, Amazon, Alphabet and Meta offered fresh evidence that demand is catching up with the infrastructure build-out. Azure grew 43%, AWS 37% and Google Cloud 82%
China’s economic recovery lost momentum in July, with consumer spending, investment and industrial production all coming in weaker than expected, raising pressure on Beijing to introduce additional measures to support growth in the second half of the year. Retail sales increased 0.6% from a year earlier, according to data from the National Bureau of Statistics
A standout three-month trade comes from an old-school commodity rather than semiconductors, memory chips or the wider AI boom. Coffee futures have gained about 13% over that period, compared with a 2.2% rise for the VanEck Semiconductor ETF and a 4.1% advance for the S&P 500. The Roundhill Memory ETF has been little changed. Prices
OpenAI has reshuffled its executive ranks once again, replacing its chief revenue officer just eight months after her appointment, as the ChatGPT maker races to strengthen its enterprise business ahead of a potential stock market debut. The leadership change comes amid a broader wave of executive departures across the artificial intelligence industry, where competition for
US stocks have been charging higher with remarkably little resistance in 2026, repeatedly shrugging off inflation worries, geopolitical risks and elevated borrowing costs. The benchmark S&P 500 index climbed above 7,800 for the first time intraday on Thursday before finishing at a record 7,798.99, extending a rally that has pushed the benchmark roughly 14% higher
N Chandrasekaran’s decision not to seek another term as chairman of Tata Sons has triggered one of the biggest leadership questions in Indian corporate history, opening the door to a succession battle at a time when the 158-year-old conglomerate is navigating some of its most ambitious and capital-intensive projects. Tata Sons, which is the holding
Fenway Sports Group (FSG) has agreed to sell a minority stake in Liverpool FC to 1892 Holdings, a consortium led by investor Amit Bhatia and backed by Amazon Executive Chairman Jeff Bezos, the Mittal Family Trusts, EE Capital and K5 Sports. The deal values the Premier League club at around £5.5 billion, according to reports,
SanDisk SNDK shares extended their recent rally on Friday after fresh bullish calls from Wall Street added to optimism surrounding the company’s long-term artificial intelligence strategy. The stock climbed about 6% during Friday’s session, marking its fifth consecutive day of gains and taking its weekly advance to roughly 34%. The latest move follows the company’s
The United States signaled plans to intensify economic pressure on Iran, including maintaining a naval blockade and imposing sweeping new sanctions, as tensions in the Middle East continued to escalate. Gold headed for a weekly gain after softer US inflation data strengthened expectations that the Federal Reserve will keep interest rates unchanged next month. Oil