Tech Stock Selloff Tests Wall Street AI Patience
Wall Street's AI trade is facing a sharper patience test after a second day of selling in major technology stocks.
Business
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California Gas AI Pricing Suit Tests Algorithmic Collusion
California drivers have sued major gas station operators, alleging that artificial intelligence pricing tools helped coordinate pump prices and extract more money from consumers.
Polymarket Audit Puts Prediction-Market Marketing Under Fire
Polymarket says it is auditing promotional content after a report alleged that paid creator videos used fake-looking wins to draw attention to the prediction-market platform.
Justice Department Clears $111 Billion Paramount Warner Merger
The Justice Department approved Paramount Skydance's $111 billion deal for Warner Bros. Discovery, though overseas and state reviews remain.
SpaceX Raises $75 Billion in Record Public Offering
SpaceX raises $75 billion in a record IPO, giving public investors access to Starship, Starlink and Elon Musk aerospace risk.
SpaceX Seeks $1.77 Trillion Valuation in Record IPO
SpaceX plans to raise up to $75 billion in a public offering that would value Elon Musk’s company at $1.77 trillion.
SpaceX IPO Filing Puts Rocket Ambitions on Wall Street
SpaceX disclosed plans for a public listing, giving investors a closer look at rocket research, Starlink revenue and AI spending.
Trump Media Reports $406 Million Quarterly Loss
Trump Media reported a roughly $406 million first-quarter loss as revenue remained below $1 million and non-cash investment losses overwhelmed operating gains.
Spirit Airlines Shuts Down After Bailout Talks Fail
Federal negotiations for a $500 million financial lifeline collapsed, forcing Spirit Airlines to announce a full cessation of its flight operations.
Nexstar Tegna Merger Halted by Federal Judge
A federal judge halted the Nexstar-Tegna merger, raising fresh questions about local TV consolidation and market power.
American Airlines Rejects United Merger Proposal
American Airlines rejected United merger speculation, pointing to independence, regulatory pressure and a crowded airline market.
Jio Financial Profit Falls During Sharp Revenue Growth
Jio Financial profit fell even as revenue rose sharply, showing the cost of expansion in digital financial services.