Tag: Business
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Honeywell’s Quantinuum set to open higher in Nasdaq debut after upsized IPO
June 4 : Shares of Honeywell-backed Quantinuum were indicated to open 1.67 per cent above their initial public offering price in their Nasdaq debut on Thursday, giving the quantum computing company a potential valuation of about $15.82 billion.The stock was last indicated to trade at $61, compared with its IP
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US Supreme Court backs FCC in clash with wireless carriers over fines
WASHINGTON, June 4 : The U.S. Supreme Court backed the Federal Communications Commission’s system for levying fines, ruling on Thursday against wireless carriers AT&T and Verizon in their challenge to the agency and handing a win to President Donald Trump’s administration.The ruling was 8-1. At issue in the
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Goldman Sachs expects SpaceX’s AI revenue to surge 100-fold by 2030, FT reports
June 4 : Goldman Sachs expects revenue from SpaceX’s AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank’s forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX’s total revenue to rea
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CrowdStrike shares fall as ‘Mythos moment’ fails to cheer investors
June 4 : CrowdStrike shares slid 8 per cent on Thursday after the company’s quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model.If the losses persist, the cybersecurity firm’s $190.29 billion mar
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Pinterest deepens Amazon partnership with $4 billion cloud deal
June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its largest-ever deal.Shares of Pinterest were up nearly 5 per cent, while those of Amazon rose 1.7 per cent.Amazon.com’s
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Standard Chartered’s crypto bull sticks to $100,000 bitcoin call despite ‘painful’ week
June 4 : Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a “painful” week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has
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The perfect pitch is the goal for World Cup grass growers
WINNIPEG, Manitoba, June 4 : When billions of fans tune in to the 2026 World Cup, they will be witnessing the culmination of a global grass-growing mission that has scientists, farmers and turf specialists sweating as much as the players.From Mexico to Canada, across 16 stadiums in wildly different climates,
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Soaring stocks created 2 million new millionaires around the world last year
The population of global millionaires surged 7.9% to 25.3 million in 2025, according to the Capgemini World Wealth Report.
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Dollar slips from two-month high amid Iran talks, yen trades near 160
HONG KONG, June 4 : The dollar slipped from a two-month high on Thursday as optimism rose about a ceasefire in Lebanon, while markets were alert to the possibility of intervention as the Japanese yen hovered near the key 160 level.Lebanese President Joseph Aoun said on Thursday that the ceasefire would come i
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Broadcom set to shed $300 billion in value as AI results fail to impress
June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company’s results fell short of lofty expectations around demand for its custom AI chips business.The premarket losses, if sustained, will erase more than $315 billion from the company’s market value of ab
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