Business

350 articles published

SpaceX Files for IPO That Could Raise 75 Billion Dollars

The offering, targeting a Nasdaq listing under ticker SPCX, would more than triple the size of the largest U.S. IPO ever recorded.

May 20, 2026

Nvidia Returns Far Less Cash to Investors Than Big Tech Peers, Analyst Finds

A Bank of America analyst says Nvidia has returned only 47% of its free cash flow through dividends and buybacks, compared with roughly 80% for comparable companies.

May 20, 2026

Target Posts Best Comparable Sales Growth in Four Years

The retailer also raised its annual revenue guidance by 2 percentage points, now projecting roughly 4% growth for the full year.

May 20, 2026

Taiwan Arms Sale Dominated Xi-Trump Talks but Vanished with Putin

Xi warned Trump that U.S. interference in Taiwan could trigger direct clashes between the two countries, while analysts say a $14 billion arms package was at the center of the discussions.

May 20, 2026

Dollar Hits Six-Week High as Iran War Drives Rate Hike Fears

The yield on the U.S. 30-year Treasury bond reached its highest level since 2007 as the conflict keeps the Strait of Hormuz largely closed.

May 20, 2026

Mango Founder's Son Arrested in Spain in Billionaire Father's Death

Jonathan Andic, 45, was the sole witness when his father fell 500 feet from a cliff near Barcelona in December 2024.

May 19, 2026

Senate War Powers Vote Advances as Republican Breaks with Trump on Iran

Louisiana Sen. Bill Cassidy's surprise defection allowed a resolution to halt military action in Iran to pass 50-47 in a preliminary vote.

May 19, 2026

Goldman Sachs Selected to Lead SpaceX Record-Breaking IPO

SpaceX, valued at $1.25 trillion, could make its prospectus public as soon as Wednesday after confidentially filing with the SEC last month.

May 19, 2026

Rigetti Computing Triples Revenue But Operating Losses Still Dwarf Its Sales

The quantum computing company brought in $4.4 million in the first quarter of 2026, but its research and development costs alone topped $20 million.

May 19, 2026

BofA Warns June Stock Pullback Likely as Cash Levels Hit Two-Year Low

A Bank of America survey of fund managers found investors are at their lowest cash levels since February 2024, a signal the firm says points toward a coming market swoon.

May 19, 2026

Japan and China Dump U.S. Treasuries as Gulf War Rattles Asian Currencies

China's Treasury holdings fell to their lowest level since 2008, while overall foreign holdings dropped by $240 billion in a single month.

May 19, 2026

Federal Court Hears Anthropic Challenge to Pentagon Blacklist Designation

A three-judge appeals panel in Washington, D.C., will consider whether the Department of Defense violated the Constitution when it labeled the AI company a supply chain risk.

May 19, 2026