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SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

Nvidia and Wall Street Giants Plan $500 Billion Financing Push for AI Infrastructure

Nvidia is reportedly teaming with major Wall Street banks on a $500 billion financing push to fund the global buildout of AI infrastructure.

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

US Appeals Court Clears Path for Thousands of Social Media Addiction Lawsuits

A US appeals court has allowed thousands of lawsuits accusing social media firms of addicting young users to move forward, testing Section 230 protections.

Goldman Sachs Adjusts OPEC+ Oil Production Forecast, Maintains Brent Crude Price Range

Goldman Sachs has revised its outlook for OPEC+ oil production, now expecting production increases to begin in December instead of the originally anticipated October...

DOJ to Propose Remedies for Google’s Search Monopoly by December, Addressing AI Integration

The U.S. Department of Justice (DOJ) announced plans to issue a detailed outline by December regarding actions Google must take to restore competition in...

U.S. Congressman Opposes Bill Restricting Business with Chinese Biotech Companies

Rep. Jim McGovern, a prominent Democratic congressman from Massachusetts, announced on Friday that he will vote against a bill aimed at restricting business with...

Japan Expresses Concerns Over Possible U.S. Block of Nippon Steel’s Bid for U.S. Steel

A leading candidate to become Japan's next prime minister has voiced concerns over reports that the U.S. may block Nippon Steel's $15 billion acquisition...

U.S. Markets Volatile as Economic Uncertainty and Fed Policy Weigh on Investors

Uncertainty over the health of the U.S. economy is contributing to heightened volatility in financial markets, as investors navigate slowing labor market data and...

U.S. Federal Energy Commission Approves BlackRock’s $12.5 Billion Deal for Global Infrastructure Partners

The U.S. Federal Energy Regulatory Commission (FERC) on Friday gave the green light to BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners (GIP), a...

Federal Reserve Signals Rate Cuts Amid Slowing Labor Market

Federal Reserve officials have signaled that they are prepared to initiate a series of interest rate cuts, with the first likely to be a...

Social Media Platform X Recovers from Short Outage Affecting Thousands of Users

Social media platform X experienced a brief outage on Saturday, leaving thousands of users unable to access the site. The disruption lasted less than...

Stellantis Recalls 1.46 Million Vehicles Worldwide Over Brake System Software Issue

Chrysler’s parent company, Stellantis, announced the recall of 1.46 million vehicles worldwide on Saturday due to a software malfunction affecting the anti-lock brake system...

Europe’s Auto Industry Faces €15 Billion in Fines Due to Slow EV Adoption, Warns Renault CEO

Europe’s automotive industry is at risk of facing up to €15 billion ($17.4 billion) in fines due to sluggish demand for electric vehicles (EVs),...

Janet Yellen Hints at Departure After Biden’s Term, Stresses U.S.-China Relations and Economic Stability

U.S. Treasury Secretary Janet Yellen, 78, has indicated that she is likely to step down from government service after President Joe Biden's term ends...

China Sees Opportunity, Not Threat, in U.S. Relations Amid Trade Talks in Tianjin

China views its relationship with the United States as an opportunity rather than a threat, according to remarks by China’s Vice Commerce Minister Wang...

Apple’s New iPhone to Feature A18 Chip Built on Arm’s Latest V9 Design

Apple’s upcoming iPhone, set to be unveiled on September 9, will feature the highly anticipated A18 chip, developed using Arm’s latest V9 chip design....

China Criticizes Dutch Decision to Expand Export Controls on ASML Chipmaking Equipment

China has expressed dissatisfaction with the Dutch government's decision to expand export controls on advanced chipmaking equipment produced by ASML, one of the world’s...

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