Commodities

SpaceX IPO and Iran Peace Hopes Lift Wall Street to Solid Gains

Wall Street closed broadly higher on Friday as two major storylines captured investor attention: the historic debut of SpaceX on the Nasdaq and mounting optimism that the United States and Iran are on the verge of a deal that would reopen the Strait of Hormuz. The combination of a record-breaking IPO and the prospect of […]

Hopes for U.S.-Iran Agreement Point to Further Gains on Wall Street: Dow Jones, S&P, Nasdaq, Futures

U.S. stock futures traded higher on Friday, indicating that equities could extend the strong gains recorded in the previous session as investors continued to focus on signs of a potential resolution to the conflict involving Iran. Market sentiment improved after President Donald Trump again suggested that an agreement between Washington and Tehran may be close. […]

Wolfe Starts Coverage of SpaceX With Buy Rating Ahead of Landmark IPO (SPCX)

Wolfe Research has initiated coverage of SpaceX (NASDAQ:SPCX) with an Outperform rating and a $175 price target, ahead of the company’s highly anticipated Nasdaq debut following the largest initial public offering in U.S. history. The brokerage’s valuation suggests approximately 30% upside from the IPO price of $135 per share, which helped the Elon Musk-led space, […]

Adobe Beats Expectations and Raises Outlook, but Shares Fall on ARR Concerns (ADBE)

Adobe (NASDAQ:ADBE) delivered stronger-than-expected second-quarter results on Thursday, surpassing Wall Street forecasts for both revenue and earnings while increasing its full-year guidance. However, the stock moved lower in premarket trading after investors focused on unchanged annual recurring revenue projections and another senior leadership transition. Shares of Adobe fell around 5% before the market open on […]

SpaceX Listing Pushes Elon Musk Beyond the Trillion-Dollar Mark

Elon Musk has become the world’s first trillionaire following the record-breaking initial public offering of SpaceX (NASDAQ:SPCX), further cementing his status as one of the most influential and closely watched business figures of the modern era. Few corporate leaders have achieved the level of public recognition enjoyed by Musk, whose blend of technological ambition, outspoken […]

SpaceX IPO Takes Centre Stage as Markets Weigh Iran Peace Prospects and Adobe Leadership Changes: Dow Jones, S&P, Nasdaq, Wall Street Futures

Futures Trade Cautiously Ahead of Key Market Events U.S. stock index futures were little changed on Friday as investors focused on two major developments: the highly anticipated stock market debut of SpaceX (NASDAQ:SPCX) and growing expectations that a diplomatic agreement could bring an end to the conflict between the United States and Iran. By 03:13 […]

SpaceX Secures $75 Billion Ahead of Historic Market Debut

SpaceX (NASDAQ:SPCX) has raised $75 billion (£56 billion) from institutional investors ahead of its public market debut on Friday, positioning the aerospace and artificial intelligence company for what is expected to be the largest stock market listing ever. According to a filing with the US Securities and Exchange Commission, the company sold $75 billion worth […]

Trillion Energy’s Billion Dollar Oil Discovery in Türkiye’s Most Active Oil Trend

Trillion Energy International Inc. (CSE:TCF) (USOTC:TRLEF) has confirmed a 27.6-million-barrel light-oil discovery in southeastern Türkiye, one of the world’s most active new oil trends. The company holds a 29% working interest in the M47 Concession, where an independent report by Chapman Hydrogen and Petroleum Engineering Ltd. assigns an unrisked NPV-10 of roughly US$733.5 million to […]

Wall Street Surges as Trump Halts Iran Strikes, SpaceX IPO Excitement Builds

Stocks staged a powerful rally on Thursday, with all three major indexes climbing sharply after President Trump called off a planned third night of military strikes against Iran and signaled progress toward a ceasefire deal. The about-face from earlier in the day — when Trump had threatened to seize Iran’s Kharg Island oil hub — […]

Markets in Motion: volatility spikes as investors brace for major IPO

Market volatility rises as traders reposition Investors are navigating a week marked by heightened volatility, shifting market leadership and anticipation around one of the largest IPOs ever brought to market. In this week’s Markets in Motion, Bruce Campbell highlights a sharp increase in volatility, driven in part by weakness in semiconductor stocks and broader repositioning across […]

New Street Research Sees Further Upside for SpaceX Ahead of Market Debut (SPCX)

New Street Research has initiated coverage of SpaceX (NASDAQ:SPCX) with a 12-month price target of $165 per share, implying potential upside of approximately 22% from the company’s proposed IPO price and valuing the business at around $2.3 trillion following its potential acquisition of Cursor. Analyst Pierre Ferragu outlined a multi-faceted valuation approach that supports a […]

Nvidia Teams Up With Abridge to Build AI Model for Healthcare Applications (NVDA)

Nvidia (NASDAQ:NVDA) has entered into a partnership with Abridge to develop a specialised artificial intelligence model tailored for healthcare use cases, according to a report by the Wall Street Journal. Abridge is known for its AI-powered note-taking platform used by medical professionals. The collaboration reflects growing investment across the technology sector in healthcare-focused AI solutions […]

Musk to Address ASML Event as SpaceX IPO Nears and Terafab Plans Advance (SPCX)

Elon Musk is set to make a virtual appearance at a technology event hosted by semiconductor equipment leader ASML on Thursday, where he is expected to discuss Terafab, his proposed large-scale semiconductor manufacturing project designed to supply chips for Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX). The appearance comes as investors await the pricing of SpaceX’s initial […]

OpenAI’s Sam Altman to Hold AI Strategy Talks With Samsung Executives in South Korea (OAI)

OpenAI (NASDAQ:OAI) Chief Executive Sam Altman is expected to meet senior executives at Samsung Electronics (USOTC:SSNHZ) next week during a visit to South Korea, where discussions will centre on expanding the use of artificial intelligence across the technology giant’s operations, according to a report from Yonhap News Agency. The visit highlights Samsung’s growing focus on […]

Oracle Beats Earnings Expectations but Shares Slide on Spending and Funding Plans (ORCL)

Oracle (NYSE:ORCL) reported quarterly earnings and revenue ahead of market forecasts on Wednesday and raised its outlook for annual adjusted earnings per share. Despite the strong operating performance, the stock fell 10.1% in premarket trading on Thursday after investors focused on the company’s aggressive capital spending plans and upcoming financing requirements. The software giant revealed […]

Chanos Questions SpaceX Valuation Ahead of Historic IPO

Prominent short seller Jim Chanos has challenged the valuation of SpaceX (NASDAQ:SPCX) ahead of its highly anticipated stock market debut, arguing that the company’s projected $1.75 trillion valuation is difficult to justify based on underlying fundamentals. SpaceX is scheduled to begin trading on the New York Stock Exchange on Friday following a $75 billion offering. […]

U.S.-Iran Conflict, Oracle Outlook and ECB Rate Decision Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures

Investors are monitoring a mix of geopolitical tensions, corporate earnings developments and central bank policy decisions, with U.S. stock futures pointing modestly higher after a sharp sell-off on Wall Street. Renewed military exchanges between the United States and Iran remain in focus, while Oracle (NYSE:ORCL) shares have come under pressure following plans to raise significant […]

Inflation Shock and War Fears Drag Wall Street Lower on Wednesday

Stocks sold off broadly on Wednesday as investors digested a hotter-than-expected inflation report and escalating tensions in the Middle East. All three major indexes closed in the red, with the Nasdaq leading losses as technology shares bore the brunt of the selling. The dual headwinds of a renewed inflation scare and fears that the US-Iran […]

VAALCO Energy restarts production at Baobab Field

VAALCO Energy (NYSE:EGY) announced that production has resumed at the Baobab field on the CI-40 block offshore Côte d’Ivoire, marking the completion of a major refurbishment program for the Baobab Ivoirien floating production storage and offloading (FPSO) vessel. The restart represents a key milestone for the company’s West African operations and positions the asset for future […]

Micron Selects Bechtel for New York Semiconductor Project as U.S. Manufacturing Expansion Moves Forward (MU)

The appointment of Bechtel advances construction of Micron’s planned New York memory manufacturing complex, a project expected to become the largest semiconductor facility in the United States. Key Investor Takeaways Why MU Stock Is in Focus Micron announced that Bechtel will serve as the engineering, procurement and construction partner for the first phase of its […]