SpaceX shares fell sharply by 16.4% to $154.6 following a volatile debut after its $1.3 trillion IPO, causing significant losses for investors like Scottish Mortgage Investment Trust, which holds 17.9% of its portfolio in SpaceX. The decline also impacted other FTSE tech funds such as Polar Capital Technology Trust and Baillie Gifford US Growth Trust, which fell 3.1%. This drop is part of a broader sell-off in US tech stocks, with major players like Alphabet, Amazon, and Microsoft also seeing notable declines. The sell-off highlights ongoing volatility in tech markets post-IPO and raises concerns about future tech stock performance.
Greenlight, a leading cannabis operator, expanded its Ohio presence by opening four new dispensaries and adding in-state manufacturing, reaching the state's maximum allowed eight dispensaries. This move strengthens Greenlight's position in Ohio's lim...
Halper Sadeh LLC is investigating whether shareholders of Element Solutions Inc (ESI), Crinetics Pharmaceuticals (CRNX), and Solstice Advanced Materials (SOLS) are receiving fair treatment in their respective sale and merger transactions. The firm hi...
Investment banks Scotiabank and Bernstein have lowered their price targets for Comcast due to increased competition from new players like SpaceX's Starlink and valuation risks. Comcast is also undergoing a major strategic shift by spinning off its NB...
Elevance Health reported strong Q2 2026 results with earnings per share of $7.45, surpassing analyst estimates of around $6.20. Revenue also exceeded expectations at $49.83 billion, marking consistent quarterly outperformance. The company raised its ...
Lotto.com has appointed Ruxandra Tereanu as Chief Operating Officer and Amanda Coyle as Vice President of Human Resources to strengthen its leadership team amid ongoing expansion in the US digital lottery market. Tereanu brings 13 years of experience...
