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Appeals Court Upholds Sam Bankman-Fried Fraud Conviction, Dashing Bid For New Trial

June 12, 2026 17:05 ET bankman 12062026 lt

Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.

SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire

June 12, 2026 08:31 ET spacexipov2 12062026 lt

The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.

X-59 Reaches Speed, Altitude For Future Quiet Supersonic Flights

June 15, 2026 11:13 ET x 59v2 15062026 lt

NASA's X-59 experimental supersonic plane has reached a major milestone, flying in Mach 1.4 speed and an altitude of 55,000 feet, the conditions required for the aircraft to make future flights critical to its mission. NASA said that the X-59 still has months of performance testing ahead, but after those are complete, its Quesst mission will fly the aircraft over several U.S. communities to c

  • Fiserv Shares Fall 7% Following CEO Transition Announcement June 15, 2026 11:07 ET

    Fiserv, Inc. (FISV) shares declined 7.14 percent, losing $3.84 to $49.94 on Monday after the payments and financial technology company announced a leadership change.

  • Innovex To Acquire TCO Group For $95 Mln; Shares Down June 15, 2026 10:54 ET

    On Monday, Innovex International, Inc. (INVX), an oil and energy company, announced that it has signed an agreement to acquire TCO Group AS in a cash and stock transaction valued at $95 million. On the NYSE, the shares of Innovex were trading 3.87 percent lower at $28.31. The investment is expected...

  • Castellum Shares Surge 23% After Winning Position On Navy Contract June 15, 2026 10:27 ET

    Castellum, Inc. (CTM) shares jumped 23.20 percent, gaining $0.1625 to $0.8639 on Monday after the cybersecurity, electronic warfare, and software services provider announced that its joint venture, CTM JV, LLC, was awarded a position on the U.S. Navy's Logistics IT Integration and Support (LIIS) Capability Modernization, Deployment, and Support Multiple Award Contract.

  • Swiss Producer And Import Prices Unexpectedly Fall 0.4% June 15, 2026 09:41 ET

    Switzerland's producer and import prices decreased for the first time in three months in May. The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity.

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Powerfleet Q4 Loss Narrows, Sees Higher FY27 Results; Shares Up

June 15, 2026 09:13 ET rttnewslogo20mar2024 lt

On Monday, Powerfleet, Inc. (AIOT), a provider of artificial-intelligence-on-things, reported narrower loss in the fourth quarter, attributable to lower operating expenses and higher revenues. Further, the firm issued fiscal 2027 outlook, expecting higher adjusted EBITDA and revenues. In the pre-market...

Global Economics Weekly Update - Jun 08-12, 2026

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.

Johnson & Johnson Commits Over $1 Billion To Expand U.S. Vision Manufacturing

June 15, 2026 09:41 ET biotech1 18042024 lt

Johnson & Johnson (JNJ) is making a major push to strengthen its U.S. manufacturing footprint, announcing an investment of more than $1 billion to expand its Vision operations in Jacksonville, Florida. The move is part of the company's broader effort to scale production of its ACUVUE contact lenses and reinforce supply chain resilience across the United States.

  • Neurocrine Reports Positive Two-Year Phase 3 Data For Crenessity In Pediatric CAH June 15, 2026 09:26 ET

    Neurocrine Biosciences Inc. (NBIX) on Monday reported positive two-year data from its Phase 3 CAHtalyst Pediatric study of Crenessity in children and adolescents with classic congenital adrenal hyperplasia (CAH). The data showed that pediatric patients with advanced bone age at baseline experienced...

  • Celldex Presents New Phase 2 CSU Data For Barzolvolimab In Angioedema; BLA Planned For 2027 June 15, 2026 09:17 ET

    Celldex (CLDX), a biopharmaceutical company, on Sunday reported positive data from the Phase 2b trial showing sustained effects of Barzolvolimab in treating Angioedema in patients with chronic spontaneous urticaria. Results were presented at the European Academy of Allergy and Clinical Immunology (EAACI)...

  • Pre-Market Movers: BYAH, LXEO, ELTX Swing Big June 15, 2026 09:12 ET

    Biotech companies are seeing significant pre-market activity this Monday. Price swings ahead of the opening bell are being driven by clinical trial and regulatory updates, as well as trial endpoint misses. In the Green - Premarket Gainers On Monday, the following stocks were trading significantly...

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Powerfleet Q4 Loss Narrows, Sees Higher FY27 Results; Shares Up

June 15, 2026 09:13 ET earnings1 30052024 lt

On Monday, Powerfleet, Inc. (AIOT), a provider of artificial-intelligence-on-things, reported narrower loss in the fourth quarter, attributable to lower operating expenses and higher revenues. Further, the firm issued fiscal 2027 outlook, expecting higher adjusted EBITDA and revenues. In the pre-market...

U.S. Homebuilder Confidence Dips Slightly More Than Expected In June

June 15, 2026 10:32 ET ushousingmarketindex 15062026 lt

Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.

  • Bulgaria Inflation Rises Less Than Estimated June 15, 2026 10:23 ET

    Bulgaria's consumer price inflation accelerated slightly less than estimated in May to the highest level in more than two-and-a-half years. The consumer price index, or CPI, climbed 6.9 percent year-over-year in May, faster than the 6.8 percent rise in April. The rise in inflation was largely driven by a 21.6 percent jump in transportation costs.

  • U.S. Industrial Production Inches Up 0.1% In May, Slightly Less Than Expected June 15, 2026 10:12 ET

    A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.

  • Slovakia Inflation Eases To 3.8% June 15, 2026 10:04 ET

    Slovakia's consumer price inflation softened slightly in May. Consumer prices rose 3.8 percent annually in May, following a 3.9 percent increase in April. Inflation based on food and non-alcoholic beverages eased to 0.3 percent from 1.0 percent. On the other hand, transport inflation was 9.4 percent, which was the highest growth in three-and-a-half years.

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ODNB Financial, National Capital Bancorp To Merge To Form $2.4 Bln Community Bank

June 15, 2026 09:03 ET rttnewslogo20mar2024 lt

ODNB Financial Corp., the parent of Old Dominion National Bank, and National Capital Bancorp, Inc. (NACB), the parent of The National Capital Bank of Washington, on Monday announced a merger agreement under which NACB will merge into ODNB, with ODNB as the surviving bank holding company. ODNB said...

SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire

June 12, 2026 08:31 ET spacexipov2 12062026 lt

The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.

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