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SpaceX Stock Falls 6.5% as Post-IPO Rally Cools, June 20
SpaceX stock falls 6.5% to $178.50 after post-IPO rally fizzles amid valuation concerns and profit-taking.
SpaceX Stock Falls to $185 After Cursor Deal, June 19
SpaceX stock falls to $185 after Cursor acquisition. Down from $212 peak but 37% above IPO price. Morningstar fair value estimate: $62.
Accenture Stock Crashes 18.9% on Weak Guidance, June 19
Accenture stock plunged 18.9% after cutting fiscal 2026 revenue guidance to 3-4% from 3-5%, missing analyst forecasts and sparking IT sector selloff.
Trump’s Budget Office Redirects $352M Secret Service Funds for Ballroom, June 19
Trump administration redirects $352M in Secret Service funds to White House ballroom construction, with project cost now estimated at $600M.
Yatra Online Shares Jump 6% to ₹117.80 on Reports of Potential 15 to 20% Stake Purchase in Ixigo
The rally in Yatra Online shares grabbed investors’ attention after reports suggested that Ixigo could acquire a 15% to 20% promoter stake in the online travel company. The market viewed the development as a possible step toward consolidation in India’s fast-growing online travel industry. The stock climbed to ₹117.80, gaining nearly 6% during Friday’s trade,…
Brookfield Sells Multiplex to Japan’s Obayashi for $924M, June 19
Brookfield sells Multiplex to Japan’s Obayashi for $924M AUD. Deal includes $530M cash upfront plus performance-based earn-out. Closure expected by…
SpaceX Stock Falls 8% as Post-IPO Rally Loses Steam, June 19
SpaceX stock falls 8% as post-IPO rally ends. Market cap drops to $2.5T. Fed rate hike signals and overvaluation concerns cited by analysts.
Hyundai Motor Group Eyes Full Ownership of Boston Dynamics in $325M SoftBank Stake Buyout
Hyundai Motor Group is taking another major step in its robotics strategy. The South Korean automotive giant is reportedly preparing to acquire SoftBank’s remaining 9.65% stake in Boston Dynamics for $325 million, a move that would make Boston Dynamics a wholly owned subsidiary. The deal comes as Hyundai increases its investments in artificial intelligence, humanoid…
IREN Stock Jumps 5% on Jefferies Buy Rating, June 19
IREN stock rises 5% after Jefferies initiates buy rating with $79 target, adding 490MW power capacity in Spain via Nostrum acquisition.