Day: June 11, 2025
European defense stocks have soared this year — could a rare earths bottleneck put a lid on the rally?
European defense companies have seen a monumental rise in value this year, as a regional push to ramp up military spending sparks a bull run on the sector. Strategists, analysts and industry leaders spoke to CNBC about the outlook for the industry, which has The industry has seen several stocks more than double in value […]
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Space tech firm Voyager valued at $3.8 billion as shares surge in NYSE debut
Voyager Technologies Chairman and CEO Dylan Taylor and Matthew J. Kuta, President and Co-Founder, ring the opening bell to celebrate the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025. NYSE Voyager Technologies secured a valuation of $3.8 billion after the defense and space firm’s shares more than doubled […]
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Stock futures tick lower after S&P 500 ends three-day win streak: Live updates
Traders wait for Voyager Technologies to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025. Brendan McDermid | Reuters Stock futures fell on Wednesday after the S&P 500 saw its first negative session in four. S&P 500 futures traded down 0.2%, along with […]
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Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
Chime Visa Credit Card Source: Chime Chime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billion The company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. […]
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Shaquille O’Neal to pay $1.8 million to settle FTX investor lawsuit
Shaquille O’Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025. Jesse D. Garrabrant | National Basketball Association | Getty Images Shaquille O’Neal has agreed […]
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Oil prices rise more than 4% on escalating U.S.-Iran tensions
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Images U.S. crude oil futures rose more than 4% Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that […]
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Trump’s ‘done’ deal with China: Trade damage will remain, logistics firms and retailers say
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% […]
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U.S. preparing to partially evacuate Iraq embassy over regional security risks: Reuters sources
US and French soldiers stand guard at Union III Camp in the Green Zone of the Iraqi capital Baghdad on May 22. Ahmad Al-Rubaye | AFP | Getty Images The United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to […]
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Oracle shares climb 8% as earnings, revenue top estimates
From left, former Fox Corp Executive Chairman Rupert Murdoch and Larry Ellison, Oracle’s co-founder, chief technology officer and executive chairman, listen as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House in Washington on Feb. 3, 2025. Anna Moneymaker | Getty Images News | Getty Images Oracle shares rose […]
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Small retailers on ‘vacation from hell’ as they seek clarity on Trump’s China tariffs
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images When Matt Kubancik, a small business owner in Louisville, Kentucky, cast his ballot for Donald Trump in November, he was hoping that the Republican nominee’s return to the White House would provide […]
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