It looks like Elon Musk might be set to become the first trillionaire if everything goes according to plan with SpaceX's upcoming IPO.
Tech major Oracle Corp. issued first-quarter outlook expecting higher results, and raised fiscal 2027 earnings view, after reporting significant growth in fourth-quarter results driven by Cloud Infrastructure & Cloud Applications. Meanwhile, the shares were losing around 10 percent in the pre-market activity on the NYSE, after the firm said it expects to raise around $20 billion more...
A U.S. district judge has given the green light for a proposed $38 billion settlement tied to Visa Inc. (V) and Mastercard Incorporated( MA), stemming from a long-standing antitrust lawsuit filed by over 12 million merchants concerning credit card processing fees.
Honda Motor Co Ltd. (HMC) is recalling more than 880,000 SUVs and pickup trucks in the U.S. due to a rear suspension problem that could raise the risk of a crash.
SpaceX is gearing up for what might be the biggest initial public offering ever, with investor interest far surpassing the $75 billion in shares the company plans to sell.
Prometheus, a new venture from Jeff Bezos, has successfully raised $12 billion in its latest funding round, bringing the valuation of this artificial intelligence startup to $41 billion.
Adobe Inc. (ADBE) revealed a profit for its second quarter that Increases, from last year The company's earnings totaled $1.71 billion, or $4.25 per share. This compares with $1.69 billion, or $3.94 per share, last year. Excluding items, Adobe Inc. reported adjusted earnings of $2.40 billion or...
Genmab A/S (GMAB) on Thursday presented new subgroup data from the Phase 3 EPCORE FL-1 trial showing that epcoritamab in combination with rituximab and lenalidomide (R2) delivered consistent efficacy and a manageable safety profile across multiple patient subgroups with relapsed or refractory follicular...
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.
Digital Brands Group, Inc. (DBGI) shares fell 30.44 percent, losing $0.3799 to $0.8701 on Thursday despite the company announcing that Chief Executive Officer Hil Davis purchased an additional $700,000 worth of shares in the open market.
Humacyte, Inc. (HUMA) shares plunged 23.05 percent, losing $0.31 to $1.03 on Thursday, likely extending losses following the company's announcement yesterday, of a public offering of 47.62 million shares of common stock priced at $1.05 per share.
On Thursday, Vera Bradley, Inc. (VRA), a footwear related company, reported narrower loss in the first quarter of fiscal 2027, owing to higher revenues and absence of loss from discontinued operations. Looking ahead to fiscal 2027, the company continues to focus on stabilizing the business and plans...
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.
CytoDyn Inc. (CYDY), a clinical-stage oncology company, on Thursday announced dosing of the first patient in the Phase 2a SALIENT-AD trial for Leronlimab in treating Alzheimer's disease. Shares fell over 5% on Thursday. Alzheimer's disease is a complex neurodegenerative condition characterized...
Cosmos Health Inc. (COSM), an integrated healthcare company, on Thursday announced receiving a 180-day extension on June 10, 2026, from The Nasdaq Stock Market LLC to regain compliance with the minimum bid price requirement. Following the news, shares dipped by over 10% in Thursday's trade. The...
Enliven Therapeutics, Inc. (ELVN), reported on Thursday an updated positive result from the Phase 1 ENABLE trial of ELVN-001 in patients who were previously treated for Chronic Myeloid Leukemia (CML). Company Profile Enliven Therapeutics is a clinical-stage biopharmaceutical company focused on...
Atossa Therapeutics, Inc. (ATOS) has entered into a securities purchase agreement with institutional investors for a registered direct offering of up to $16.5 million in gross proceeds. The transaction includes an initial $4.5 million upfront investment and up to an additional $12 million in potential proceeds upon full exercise of accompanying warrants.
Lennar Corp. (LEN) on Thursday reported a drop in profit for the second quarter as revenues decreased. For the quarter, net earnings attributable to Lennar declined to $304.8 million, or $1.24 per share, from $477.4 million, or $1.81 per share, a year earlier. Adjusted earnings were $322 million,...
Hong Kong will on Friday release Q1 numbers for industrial production and producer prices, highlighting a light day for Asia-Pacific economic activity. In the previous three months, production was up 5.7 percent on year and producer prices rose an annual 9.5 percent. China will see May numbers...
The Treasury Department finished off this week's series of announcements of the results of its long-term securities auctions on Thursday, revealing this month's auction of $22 billion worth of thirty-year bonds attracted below average demand. The thirty-year bond auction drew a high yield of 5.020...
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching a downwardly revised jump in April.
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th. The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists had expected jobless claims to dip to 219,000.
The Campbell's Company (CPB) will host a conference call at 9:00 AM ET on June 8, 2026, to discuss Q3 26 earnings results. To access the live webcast, log on to https://investor.thecampbellscompany.com To listen to the call, dial (800) 715-9871 (US) or (646) 307-1963 (International), Conference ID: 3623156.
Merck Animal Health, a division of Merck & Co. (MRK), on Thursday announced a definitive agreement to acquire TARGAN, a privately held developer of biodevice solutions for the poultry industry, for undisclosed consideration. The transaction is expected to close in the third quarter of 2026. The...