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Adobe Stock Falls 13% on CFO Exit Despite Record Q2 Earnings, June 12
Adobe stock drops 13% to $202.89 despite beating Q2 earnings and raising guidance. CFO Dan Durn exits for Marvell as CEO search continues.
Diehl Defence Unveils Cobra 600 Jet Drone, June 12
Diehl Defence’s Cobra 600 jet drone extends IRIS-T missile range to 400 km, combining airborne transport with ground-based air defence capabilities.
Shell Pauses $3B Buyback as ARC Acquisition Vote Nears, June 13
Shell pauses $3B buyback program from June 12 to July 14 ahead of ARC Resources acquisition shareholder vote. Stock trades at $85.71, down 0.40%.
ASML Stock Surges 9.5% as Musk Pitches $55B Terafab, June 13
ASML stock surges 9.5% after Elon Musk pitches $55B Terafab chip factory. Dutch chipmaker holds monopoly on EUV lithography equipment.
Cash App Enters Telecom Space with $40 Unlimited Phone Plan on AT&T Network Targeting Young Users
Cash App is making a major move beyond digital payments and personal finance by launching a new wireless phone service. The company has introduced a $40 per month unlimited phone plan that operates on the AT&T network, marking its entry into the highly competitive telecommunications market. The launch represents one of the biggest expansions in…
Tesla (NASDAQ: TSLA) Pre-Market Hits $402.00 (+0.71%) as SpaceX IPO Order Book Closure Sparks Momentum
TSLA shares rose in pre-market trading to $402.00, marking a 0.71% increase as investor sentiment strengthened following news related to SpaceX IPO order book closure. The movement reflects renewed excitement across high-growth technology and space-related assets, which often influence Tesla’s market perception due to Elon Musk’s leadership across multiple companies. The rise in TSLA stock…
SpaceX IPO Soars to $175, Musk Becomes World’s First Trillionaire
SpaceX IPO raised $75 billion at $135 per share, the largest offering ever, valuing the company at $2.29 trillion.
Mitsui Sumitomo Merger Targets ¥280B Profit by 2030, June 12
Mitsui Sumitomo Marine and Aioi Nissay Dowa merger targets ¥280B profit by 2030, reshaping Japan’s insurance competitive landscape.
SpaceX Debuts at $1.77 Trillion Valuation on Record $75B IPO, June 12
SpaceX raises record $75 billion in IPO at $135 per share, valuing the company at $1.77 trillion. Trading begins June 12 under ticker SPCX on Nasdaq.