Crown Castle Stock Soars on Report of SpaceX Cell-Tower Push
SpaceX is seeking access to cell towers weeks after buying more wireless spectrum, according to the report. The moves bring it closer to offering wireless telecom services.
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SpaceX is seeking access to cell towers weeks after buying more wireless spectrum, according to the report. The moves bring it closer to offering wireless telecom services.
U.S. stock futures were mixed Friday, with the Dow and S&P 500 lower and the Nasdaq 100 higher ahead of October flash PMI releases. The article also reports several company earnings and other market developments.
United CEO Scott Kirby said Starlink is already drawing customers from other airlines and will be available on more than half of United flights this week. He said the airline expects its entire fleet to be Starlink-enabled by the end of next year.
SpaceX shares rose almost 9% to $160.78 in premarket trading after another quarterly earnings beat. The report says the results are also helping other stocks.
US stocks swung higher as a pullback amid rebounds in traditional economic sectors. The S&P 500 and the Nasdaq rose 0.5% while the Dow jumped 1.2%. The yields on long-term Treasury securities declined amid a drop in key energy prices, consolidating bets that the Fed will forgo back-to-back rate hikes in its decision ne
US stock indices were mostly lower on Tuesday amid fresh worries about data center financing ahead of key earnings results. The S&P 500 edged lower and the Nasdaq 100 fell almost 1%. South Korean AI-infrastructure provider Elice plunged 32% following its IPO in Seoul, the latest in a series of signals that markets have
Futures tracking US stocks were mostly lower on Tuesday as the tech sector remained volatile on fresh worries about data center financing ahead of key earnings results. Contracts for the S&P 500 were slightly down, while those for the Nasdaq 100 fell 0.6% and the Dow was flat. South Korean AI-infrastructure provider El
US stock indices extended their divergence on Friday as markets reassessed risks in the AI trade ahead of likely rate hikes by the Federal Reserve. The S&P 500 and the Dow were marginally above the flatline, while the Nasdaq 100 dropped 0.5%. CoreWeave was nearly 7% lower, extending this week's losses to 18% to undersc
Oct 15 — Every week, Reuters journalists produce scores of multimedia features and human-interest stories from around the world. Below are some stories from this week selected by our editors, as well as explanatory context and background to help you understand world headlines. For a full schedule of news and events, pl
U.S. semiconductor shares fell as China’s CXMT announced progress on a more efficient memory-cell design, following a 5% drop in South Korea’s KOSPI. Applied Materials fell 6.5% and Micron dropped 4.9%; the S&P 500 was down 0.2% and the Nasdaq 100 fell 0.5% by midday.
The S&P 500 has climbed about 118% since its October 12, 2022 low, according to the report. Jim Cramer urged investors to stay invested; the article also cites gains in individual stocks over the period.
Goldman Sachs (NYSE: GS ) stock has tumbled into a bear market, erasing billions of dollars in value. It dropped to $895 on Friday, down by over 22% from its highest point this year, with focus shifting to the upcoming earnings report. Goldman Sachs Has Tumbled as M&A Deals Fade GS stock has been in a strong sell-off i
SpaceX (NASDAQ: SPCX ) stock remained under pressure last week, even after the company outlined its wireless ambitions. It closed the week at $162.57, down from this month’s high of $176.30. The weakness is largely due to rising credit risk, following reports that the company is seeking to borrow more money. SpaceX Sto
U.S. stocks edged higher by midday Friday, with the Nasdaq rebounding from Thursday’s setback sparked by concerns over OpenAI’s weaker-than-expected revenue, while the wireless carriers were hammered by a Space Exploration Technologies Corp. (NASDAQ: SPCX ) spectrum deal. SpaceX said Thursday it acquired a nationwide 8
Goldman Sachs upgraded Palantir Technologies Inc. (NASDAQ: PLTR ) to Buy from Neutral on Thursday, arguing that demand for sovereign AI and custom-built applications could widen the software company’s addressable market again. Analyst Gabriela Borges reiterated a 12-month price target of $230. Based on Wednesday’s clos
Microsoft announced the Surface Laptop Ultra for preorder at $2,599, with shipping set for Oct. 16, and introduced Hybrid Intelligence for Windows and its new devices. Nvidia’s RTX Spark chip powers the laptop, while Microsoft also showed a developer desktop device priced at $5,999.
Bitcoin sold off and hovered near $83,500 while U.S. stock indexes pared earlier declines after Treasury yields and oil pulled back. The move came during broader afternoon trading that also saw the Dow, S&P 500 and Nasdaq recover some ground.
Bitcoin dropped 2.9% to a session low of $82,884 as Treasury yields pushed higher and U.S. stocks weakened.
Bitcoin dropped 2.9% to a session low of $82,884 as major U.S. stock indexes and Treasury yields moved higher. The article also said Bitcoin remains more than 34% below its all-time high of $126,272.
US stock indices eased from record highs as higher bond yields rebounded and hampered the earnings projections on debt-sensitive sectors. The S&P 500 and the Nasdaq 100 fell 0.5% and 0.7%, respectively, from their records, and the Dow dropped 1%. Iranian strikes on vessels crossing the Strait of Hormuz worsened soaring
US equity futures fell from record highs as a rebound in bond yields reignited concerns that higher borrowing costs would dent economic activity. Contracts for the S&P 500 and the Nasdaq fell 0.5% and 0.8% from their peaks, while Dow futures were down 0.7%. Iranian strikes on vessels crossing the Strait of Hormuz worse
By Callum Keown After the Lord Mayor's show comes the garbage truck, as the British idiom goes. The stock market feels a bit rubbish this morning after yesterday's record-setting spectacle. The S&P 500 was set to open lower Wednesday after closing at a record high. Artificial-intelligence stocks and chip names were tak
Robinhood Markets Inc. ‘s (NASDAQ: HOOD ) Chief Investment Officer Steph Guild argued that owning individual energy stocks instead of ETFs could be beneficial for investors. EOG Resources, Diamondback Energy on Guild’s List? Speaking at an appearance on “Full Signal with Phil Rosen” on Tuesday, Guild was asked about in
Bitcoin edged lower to about $85,600 per token as U.S. stocks closed higher and Treasury yields fell. The move is a market update without a specific catalyst in the article.
Benchmark 10-year U.S. Treasury yields held near their highest since June 2007, while German and French 10-year yields hit 17-year and 18-year highs. Stocks were broadly resilient, with Asian shares higher and European indexes little changed.
The column says the 10-year Treasury yield posted its biggest quarterly jump in four years and that long bond yields hit their highest since 2002. It also notes upcoming U.S. PCE inflation, ADP payrolls and Fed speakers, while questioning whether markets have fully priced the Fed path.
Market Overview Stocks began their breakout to new all-time highs again, but it remains a highly selective environment. Only the Nasdaq hit a record high, as it finished up 2.06% on the week, and outperformed for the fourth week in a row. The S&P 500 was up 1.21%, while the Dow Jones Industrial Average rallied 0.28%. T
Three chatbots ran separate research sessions on Friday, Sept. 25 and landed on the same stock. ChatGPT, Grok and Claude each named Micron Technology Inc. (NASDAQ: MU ) as the top pick for the week of Sept. 28. The memory-chip maker reports its fiscal fourth quarter on Wednesday after the close. MU stock is moving ahea
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished a volatile week with mixed results as investors adjusted to the Federal Reserve’s first interest-rate hike since 2023 and rising energy costs. The S&P 500 slipped for a second s
The New Zealand Superannuation Fund, recognized as the world’s best-performing sovereign wealth fund based on long-term annualized returns, warned about a potential pullback in the U.S. equity market The fund, which supports the pensions of retirees in New Zealand, surged 14.17% to NZ$94.4 billion (about $54.2 billion)