SpaceX stock has stumbled out of the gate since its IPO in June, but one veteran fund manager thinks there’s more trouble ahead for Elon Musk’s rocket company. George Noble, formerly the manager of Fidelity Overseas Fund, was bearish on the stock as it headed for its IPO, and his tune hasn’t changed since the
SpaceX stock rose on Monday to reclaim an important milestone: its $135 IPO price. The stock jumped back above that threshold on Monday, rising to close 4% higher at $138.74 after struggling to mount a decisive gain early in the session. Shares are up more than 25% in August, and a 15% rally on Friday
Citrini Research, the market research firm that went viral for its futuristic AI doomsday scenario earlier this year, sees the rise of agentic threats boosting demand for cybersecurity. In a note published on Friday, Citrini shared its bullish thesis on the sector, noting that the rapid rise of AI capabilities means companies have a greater
There’s a new way to make and lose money. Trump Media has officially launched the Truth API, a business-to-business data feed that provides customers with faster access to posts from prominent Truth Social accounts. That includes President Donald Trump, whose constant stream of posts can cause shifts in financial markets. Institutional customers gained access to
Oil market volatility continued Tuesday, as prices fell for a second day this week due to a lull in fighting and hopes rose that the United States and Iran would renew talks to end the war. Brent and US crude oil prices fell on Tuesday, extending Monday’s decline. Brent is down almost 16% in the
Meta Platforms is heading into an earnings report with strong implications for the market’s AI narrative. The social media giant, which will report its latest results after the closing bell on Wednesday, is among the AI ”hyperscalers” spending hundreds of billions on the technology, and such high spending isn’t being greeted with great enthusiasm by
