SpaceX's stock price has seen fluctuations following its IPO and the acquisition of AI coding agent Cursor, with analysts offering differing valuations for the company.
Posts published in “Business”
On Juneteenth, June 19, 2026, most retail stores and many services will operate normally, while banks and the stock market will be closed.
Market researcher Tom Essaye suggests that low valuations for some AI stocks could indicate investor apprehension about the sustainability of the data center boom, drawing parallels to the dot-com bubble.
Memory chip makers Micron and Sandisk have seen significant stock gains in 2026, with analysts predicting continued growth due to a severe supply shortage driven by AI infrastructure demand.
Accenture CEO Julie Sweet is calling for investor patience, stating that the company's AI transformation efforts, while promising, will take time to reflect in financial results amid a significant stock price decline.
Federal Reserve Chairman Kevin Warsh advocated for a shift where financial markets guide the central bank's policy decisions, rather than the Fed directing markets.
SpaceX's stock has surged 58% from its IPO price, with investors now debating whether to buy in amidst its early momentum, driven by future growth potential in Starlink and AI.
Oil prices declined Thursday amid reports of a U.S.-Iran deal and forecasts from the International Energy Agency predicting a supply glut next year.
Sleep Number has filed for Chapter 11 bankruptcy protection with plans to sell to Sleep Country Canada for approximately $415 million, aiming to reduce debt and ensure continued operations.
The US Justice Department has intervened in an environmental dispute, asking a court to dismiss a lawsuit against Elon Musk's xAI over alleged illegal operation of natural gas turbines.