Elon Musk's spaceflight company Space Exploration Technologies Corp. or SpaceX (SPCX) announced Tuesday that its wholly-owned subsidiary X67, Inc. has agreed to merge with and into Cursor, the artificial intelligence (AI) coding startup developed by Anysphere, Inc., in an all-stock deal valued at about $60 billion.
After moving sharply higher over the past few sessions, stocks are turning in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the Dow has reached a new record intraday high. Currently, the major averages are turning in a mixed performance.
A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April.
Yum! Brands, Inc. announced Tuesday its definitive agreement to sell its popular brand Pizza Hut in two separate deals for $2.7 billion in the aggregate, subject to certain purchase price adjustments. Further, the firm's Board of Directors approved an incremental $4 billion share repurchase authorization, which will be conducted with the net after-tax proceeds.
The Commerce Department released a report on Tuesday showing another steep drop in new residential construction in the U.S. in the month of May. The report said housing starts plunged by 15.4 percent to an annual rate of 1.177 million in May after tumbling by 8.5 percent to a revised rate of 1.392 million in April.
It was a day of draws in the FIFA World Cup Day 5, as all the four matches Monday ended without a winner. While the tiny country of Cape Verde held European powerhouse Spain to a shocking goalless draw for more than 95 minutes, Saudi Arabia managed to tackle Uruguay 1 - 1; Belgium could not overpower Egypt (1-1); and Iran salvaged a hard-earned 2-2 draw against New Zealand. Nobody predicted Cap
Following the rally seen in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures down by less than a tenth of a percent. Traders may take a step back to...
Economic sentiment in Germany returned to positive territory in June as financial market experts expect an end to the Iran conflict, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment advanced more-than-expected to 10.5 in June from -10.2 in the previous month. The score was seen at -5.8.
In hopes that the Strait of Hormuz will reopen, U.S. stock futures edged higher on Tuesday. Early indications suggest Wall Street could open in positive territory. Brent crude futures fell below $83 a barrel, gold traded higher at $4,328 an ounce, while the dollar remained near 10-day lows. As...
As representatives of Iran and the United States reportedly prepare to sign a new peace agreement at the end of the week, the UN has stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis. At the Human Rights Council in Geneva,...
On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit
In a landmark move, the UK government has banned Social media platforms to under-16s. The Department for Science, Innovation and Technology said the Social media platforms will be blocked from offering services to children below this age group to protect kids with world-leading additional restrictions on harmful features online such as live streaming and strangers communicating with children. T
Eight people on board a US Air Force B-52 bomber have been killed in a crash during test flight at Edwards Air Force Base in southern California. The B-52 Stratofortress reportedly crashed immediately after take-off from the remote air base at 11:20 a.m. local time Monday, and burst into flames. "Today,...
European shares inched higher on Tuesday as falling oil prices helped ease worries about inflation and the outlook for interest rates. Brent crude futures held near $82 a barrel after reports suggested that U.S. President Trump may release a preliminary deal to end the war with Iran before Friday....
European shares are seen opening flat to slightly lower on Tuesday as investors await more clarity on the U.S.-Iran peace deal and seek cues from upcoming central bank meetings. After the announcement of an interim peace agreement between Washinton and Tehran, some of the biggest questions remain...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.