SpaceX is gearing up for one of the biggest public offerings in history, eyeing an initial price of $135 per share, which puts its valuation at around $1.77 trillion, ahead of its Nasdaq launch set for June 12.
Following the pullback seen during Wednesday's session, stocks moved mostly higher over the course of the trading day on Thursday. The Dow showed a significant move back to the upside, reaching a new record closing high.
According to new estimates released by the World Health Organization (WHO), children under the age of five are almost three times more likely to fall sick from unsafe food than older children and adults. The Organization reached at this conclusion after studying data from 194 countries between 2000...
New research suggests that weight-loss drugs such as Ozempic and Wegovy may help some patients avoid knee replacement surgery. Earlier studies had shown that GLP-1 medications can reduce pain caused by knee osteoarthritis; however, it was not known whether they could also lower the chances of needing...
After moving notably lower in the previous session, the Dow has shown a substantial move back to the upside during trading on Thursday. The blue chip index has more than offset yesterday's slump, reaching a new record intraday high. Currently, the Dow is just off its highs of the session.
With 2.3 million new cases diagnosed annually worldwide, breast cancer remains the most common cancer affecting women. For decades, chemotherapy has been a cornerstone of breast cancer treatment. Though it has helped to save lives, persons undergoing that experience significant physical and emotional...
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.
Wedbush Cuts Praxis Price Target to $162 After POWER1 Miss Wedbush analyst Laura Chico lowered her 12-month price target on Praxis Precision Medicines Inc. (PRAX) to $162 from $355, maintaining an Underperform rating. The downgrade follows Praxis' announcement that its Phase 2/3 POWER1 study of...
Following the pullback seen in the previous session, stocks may see further downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent. Technology stocks may lead the markets lower amid a steep...
A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin
The Justice Department has announced the Model Cities Initiative, directing nearly $300 million in federal funding to transform public safety in U.S. cities. Through this initiative, two to four cities will be selected to receive awards supporting the implementation of comprehensive and innovative strategies...
A flesh-eating parasite that feeds on warm-blooded animals has been detected in the United States after six decades. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) confirmed the detection of a New World screwworm in a bovine in Zavala County, Texas. New World...
The Labor Department's Jobless Claims might get special attention on Thursday. Early trends from the U.S. Futures Index suggest that Wall Street might open broadly down. In the Asian trading session, the dollar consolidated recent gains. Oil prices fell sharply. Brent crude futures for August...
The US Department of Agriculture has warned football fans traveling into the United States to watch the World Cup, to not bring pork with them to protect the country from African Swine Fever. The countdown to the 2026 FIFA World Cup is on. With games scheduled from June 11 to July 19 in 16 cities...
Elon Musk's Space Exploration Technologies Corp. or SpaceX aims to price its initial public offering or IPO of around 556 million shares at $135.00 per share, with a view to raising around $75 billion, making it the largest stock market debut in history. With the planned IPO, spacecraft maker SpaceX's market valuation is estimated to reach $1.77 trillion, beating that of its sister concern Tesla Inc.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.