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  • SpaceX Advances 25% Midday Following Blockbuster Nasdaq Debut June 12, 2026 14:56 ET

    Shares of Space Exploration Technologies Corp. (SPCX) surged 25% in midday trading Friday following the company's record-breaking $75 billion initial public offering, the largest IPO ever completed. The stock is currently trading at $168.63, up $33.63 or 24.91%, after opening at $150.00. Shares were...

  • Enliven Therapeutics Shares Rise 9% June 12, 2026 12:25 ET

    Enliven Therapeutics, Inc. (ELVN) shares climbed 8.92 percent, gaining $3.60 to $43.96 on Friday, despite the company pricing an upsized public offering expected to raise approximately $400 million in gross proceeds.

  • Seagate Technology Shares Rise 5% June 12, 2026 11:52 ET

    Seagate Technology Holdings plc (STX) shares gained 5.64 percent, rising $49.00 to $917.09 on Friday, likely continuing momentum from the company's announcement yesterday, that it will redeem all outstanding 3.50% Exchangeable Senior Notes due 2028.

  • Cuprina Holdings (Cayman) Stock Surges 114% On Gaining Compliance With Nasdaq Listing Requirements June 12, 2026 11:16 ET

    Shares of Cuprina Holdings (Cayman) Limited (CUPR) are surging around 114 percent on Friday morning after the company regained compliance with the Nasdaq Capital Markets Listing Requirements. The company's stock is trading at $5.16, up 114.12 percent on the Nasdaq. After opening at $3.26, the shares...

  • Momentus Shares Fall 17% After Stock Offering Announcement June 12, 2026 10:40 ET

    Momentus Inc. (MNTS) shares dropped 17.64 percent, losing $2.88 to $13.42 on Friday after the commercial space company announced a registered direct offering of 1.85 million shares to new and existing institutional investors.

  • Rezolve AI Stock Climbs 16% Over Board's Move To Authorize Capital Reduction, Share Buyback Program June 12, 2026 10:33 ET

    Shares of Rezolve AI PLC (RZLV) are climbing about 17 percent on Friday morning after the company announced that its board plans to seek authority to approve a capital reduction and a repurchase program to buy back upto $300 million of ordinary shares. The company's shares are currently trading at...

  • Rocket Lab Shares Drop 7% On Nasdaq-100 Inclusion June 12, 2026 10:28 ET

    Rocket Lab Corporation (RKLB) shares fell 7.81 percent, losing $8.97 to $105.81 on Friday, even after the company announced its inclusion in the Nasdaq-100 Index.

  • Artiva: Targeting A New Benchmark In Refractory Rheumatoid Arthritis With AlloNK June 12, 2026 10:10 ET

    Shares of Artiva Biotherapeutics Inc. (ARTV) are down nearly 45% from their 52-week high of $14.53, recorded this April, and trade around $8. When we alerted readers to ARTV on April 1, 2025, it was trading at $3.20. Shares subsequently climbed to a 52-week high of $14.53 on April 20, 2026, before retracing much of those gains.

  • Cuentas Names Eric Kilinsky Interim CFO, Suchard Chief AI Officer; Shares Up June 12, 2026 10:04 ET

    On Friday, Cuentas Inc. (CUEN), a mobile phone service provider, announced that it has appointed Eric Kilinsky as Interim Chief Finance Officer, effective June 8 to succeeds Ofek Haim Suchard. Suchard is appointed as Chief Artificial Intelligence Officer. On the One One Nasdaq-100, the shares closed...

  • Friedman Q4 Profit Rises Due To High Sales Volume; Issues Q1 FY27 Outlook; Shares Up June 12, 2026 07:10 ET

    Friedman Industries, Inc. (FRD), a steel manufacturing company, reported higher profit in the fourth quarter, compared to the prior year. The increase was attributable to same-facility volume growth at the company's existing operations. In the pre-market activity on the Nasdaq, the shares were trading...

  • Adobe Stock Drops As CFO Dan Durn Resigns Overshadowing Higher Q2 Results, Outlook Upgrade June 12, 2026 05:25 ET

    Shares of Adobe Inc. were losing around 4 percent in the pre-market activity on Nasdaq on Friday after the tech major announced that Dan Durn, its executive vice president and CFO, is departing on June 15 to join a new firm. Meanwhile, the company reported higher second-quarter results, issued third -quarter outlook, and upgraded fiscal 2026 outlook for adjusted earnings and revenues reflecting...

  • Marvell Confirms Outlook; Taps Adobe's Dan Durn As CFO, Effective June 15; Shares Down June 12, 2026 03:00 ET

    Semiconductor maker Marvell Technology, Inc. (MRVL) confirmed its outlook for second quarter of fiscal 2027 and also announced that it has appointed Dan Durn as the new Chief Finance Officer, succeeding Willem Meintjes, effective June 15. In the overnight activity on the Nasdaq, the shares were trading...

  • Treasure Global Shares Fall 17% Despite Securing AI Contract June 11, 2026 11:55 ET

    Treasure Global Inc. (TGL) shares declined 16.89 percent, losing $0.8899 to $4.30 on Thursday despite the company announcing that it had been awarded a $15 million contract by Creative World Industries Sdn Bhd to develop and deploy an enterprise-grade Social Listening AI System.

  • Dana Stock Falls 13% On $5.1 Bln Eaton Mobility Combination Deal June 11, 2026 11:52 ET

    Shares of Dana Incorporated (DAN) on Thursday slipped over 13% after the company announced an agreement to combine with Eaton Corporation plc's Mobility business in a transaction valued at approximately $5.1 billion. The stock is currently trading at $31.02, down $4.45 or 12.55%, on the NYSE. It...

  • Navan Surges 14% On Strong Q1 Results, Raises FY27 Outlook June 11, 2026 11:46 ET

    Shares of Navan, Inc. (NAVN) gained over 14% on Thursday morning after the company reported strong first-quarter results and raised its full-year guidance. The stock is currently trading at $23.85, up $2.97 or 14.25%, on the Nasdaq. It opened at $24.22 after closing the previous session at $20.87....

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.