Woodside Energy has moved to quell market speculation, stating it is not aware of any proposal from Exxon Mobil and is not engaged in discussions regarding a potential transaction with the U.S. supermajor. The brief statement was issued in response to media reports that Exxon Mobil has been internally assessing potential acquisition targets, including Woodside,…
June 15 (Reuters) – Stocks and bonds rallied and the dollar fell in Asia trade on Monday after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade on Iran. U.S. crude futures fell more than 4%, S&P 500 futures rose about 0.8% and the dollar…
NEW YORK (AP) — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again. The S&P 500 rose 1.7% on hopes that this time, the announcement of…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Clients often ask about a particular stock or what the next hot stock sector will be. (My response is always a rendition of: “I don’t know the future and neither do you.”) Luckily, arithmetic is…
After nearly 20 years in business and less than five years as a public company, Rocket Lab Corporation reached a major milestone on Friday when it joined the Nasdaq-100 Index. The entrance placed the space company among the 100 largest non-financial businesses on the Nasdaq Stock Market. Most companies would celebrate that kind of recognition….
Markets face a complex week as SpaceX (SPCX) begins its first full trading week following Friday’s historic IPO, creating ongoing capital flow dynamics and liquidity pressures that could amplify volatility across broader equity markets. The Federal Reserve’s June meeting Wednesday at 2:00pm represents a critical policy decision point where policymakers must navigate between supporting economic…
CoreWeave (CRWV) is not a normal cloud company. It sells Nvidia (NVDA)-powered GPU capacity to AI labs, enterprises and hyperscalers that need compute fast. That gives it a firm seat in the AI buildout, but it also leaves investors with a capital-heavy model, weighty borrowing and a stock that can move hard on every headline….
Elon Musk just became the first person in history to surpass a net worth of $1 trillion, thanks to a surge in the valuation of SpaceX, combined with his holdings in Tesla, xAI and X. (1) “[Musk’s net worth] is more than the net worth of Larry Page, $294.1B, Sergey Brin, $271.3B, Jeff Bezos, $248.9B…
The business models of legacy software and information technology (IT) companies are being threatened by artificial intelligence (AI). It’s not only investors who are ditching these companies to chase hot AI stocks, but also even top executives are on a similar path. During its fiscal Q2 2026 earnings call, Adobe (ADBE) announced that its CFO,…
Maybe you want to donate to a good cause or support a local vendor. But beware — it might be an attempt at ghost tapping. Emilie Kostecka was approached by three men in the Logan Square neighborhood of Chicago, just outside a Target store. They were carrying a hefty binder with photos of a boy…
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