Business

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.

Country Garden Seeks Bond Payment Extensions Amid Plummeting Home Sales

Country Garden Holdings, one of China's largest property developers, is requesting a six-month extension on the coupon and principal payments for nine onshore bonds...

Dick’s Sporting Goods Exceeds Q2 Earnings Expectations but Falls Short on Full-Year Guidance

Dick’s Sporting Goods delivered a strong second-quarter performance, surpassing Wall Street's earnings estimates, but its revised full-year guidance left investors wary. Despite raising its...

Dollar Tree Shares Drop Over 22% After Lowering Full-Year Outlook Amid Rising Pressures

Dollar Tree’s shares dropped by more than 22% after the company cut its full-year outlook, citing growing pressures on middle- and higher-income customers, as...

Molson Coors Reverses DEI Policies Amid Broader Corporate Trend

Molson Coors has become the latest in a series of companies reversing or scaling back their diversity, equity, and inclusion (DEI) initiatives. In an...

Sports Media Rights Deals: Current Landscape and Future Prospects

In recent years, major sports leagues have secured long-term media rights deals, providing stability for both the leagues and media companies. The National Football...

European Companies Announce Major Job Cuts Amid Economic Pressures

The challenging economic environment across Europe, driven by high inflation and the ongoing conflict in Ukraine, has forced numerous companies to either freeze hiring...

European Markets Brace for Volatility Amid Global Growth Concerns and AI-Driven Tech Stock Slump

European markets are poised for a turbulent start on Wednesday, following significant losses in Asian stocks as concerns over the global growth outlook resurface....

Kamala Harris Proposes Tax Deduction for Small Businesses in New Economic Plan

Vice President Kamala Harris is set to announce a significant tax deduction proposal for small businesses, offering up to $50,000 in relief, a tenfold...

Nvidia Faces DOJ Antitrust Probe Amid Concerns Over AI Market Dominance

Nvidia, the leading player in artificial intelligence (AI) chip technology, is facing increased scrutiny from the U.S. Department of Justice (DOJ), which has deepened...

Japan’s Service Sector Sees Continued Growth in August Despite Global Economic Concerns

Japan’s service sector maintained its expansion in August, with activity bolstered by a rise in overseas sales, according to the latest survey data. The...

China’s Services Sector Growth Slows in August Amid Rising Costs and Weak Demand

Growth in China's services sector decelerated in August, despite the summer travel season, as companies faced mounting concerns over rising costs, according to a...

Global Housing Prices to Rise Modestly Amid Expectations of Lower Mortgage Rates

House prices across most major markets are expected to rise modestly in 2024 and 2025, as lower mortgage rates are anticipated to improve affordability...

Volvo Cars to Begin Deliveries of EX90 SUV After Extended Delays

Volvo Cars has announced that it will begin delivering its highly anticipated EX90 SUV to customers before the end of this month, following a...

Volkswagen Faces Workforce Tension Over Proposed Factory Closures Amid Cost-Cutting Drive

Volkswagen’s management is preparing for a tense meeting with its workforce as it outlines plans for significant cost-cutting measures, including potential factory closures in...

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