Terms Revealed for SpaceX's Unconventional $75 Billion IPO

The company plans to sell shares at $135 apiece, eschewing the norm of setting a price range and incorporating investor feedback.

SoftBank CEO's Bad Bets Left Him in Despair. An AI Spree Has Him Back on Top.

Masayoshi Son said that his Tokyo-based technology conglomerate would unleash at least $52 billion of investment in French data centers.

CrowdStrike Lifts Outlook After Swinging to First-Quarter Profit

The cybersecurity company said it now expects annual recurring revenue of $6.53 billion to $6.56 billion for all of fiscal 2027, up from its previous target of $6.47 billion to $6.52 billion.

Quantinuum Prices IPO at $60 a Share. It's Slated to Go Public Thursday.

Bullish investors see Quantinuum as the next superpower in quantum computing. Here's why.

Broadcom Shares Slide Despite Jump in Revenue on AI Chip Demand

The semiconductor and software maker's shares slid after-hours as the report and guidance failed to live up to expectations among some investors.

Bill Ackman's Pershing Square Set to Make $600 Million on Universal Stake

The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.

Citi Names New Head of Strategy as Jane Fraser Steers Bank Into 'Next Phase'

Margo Pilic will be Citi's new head of strategy, M&A, and investor relations.

Real-Estate Giant Compass Under Antitrust Investigation in New York

The state attorney general is probing a $1.6 billion acquisition of a rival brokerage firm.

PVH Cuts Outlook Citing Iran War Impact on Sales

The owner of Tommy Hilfiger and Calvin Klein said it now expects full-year revenue to stay approximately flat, compared to previous guidance of a slight increase.

Hasbro's New AI Studio Looks to Bring Its Iconic Characters to Next-Generation Experiences

Hasbro launched Sixth Wall, a new artificial-intelligence studio aiming to bring the toymaker's cast of characters into the new technological era.

Silicon Valley Stalwart Benchmark Breaks From Past, Embraces Mature Startups

After a late-stage bet on Cerebras delivered big returns, Benchmark decided to raise its first-ever growth fund.

Sleep Number Prepares for Bankruptcy Filing to Address Debt Load

The mattress maker is preparing to file for bankruptcy as it contends with a high debt burden and deteriorating financial performance, people familiar with the matter said.

Eli Lilly, Ascidian Sign $1.9 Billion Kidney-Disease Treatment Deal

Eli Lilly signed a collaboration and licensing agreement worth up to $1.9 billion with Ascidian Therapeutics to research and develop kidney-disease treatments.

Medtronic Posts Higher Profit, Sales

Medtronic said its profit and sales rose during its fiscal fourth quarter, reflecting steps the company has taken to improve business performance and drive growth.

Shoppers Are Spending More at Macy's as Turnaround Continues

Macy's and its sister brands Bloomingdale's and Bluemercury have added higher-end products. Customers are snapping them up.

Zara Owner Shrugs Off Middle East Turmoil to Post Faster Sales Growth

Sales at the Spanish fashion retailer-which houses Zara, Massimo Dutti and Bershka-rose 11.5% compared with the prior year.

(END) Dow Jones Newswires

Dow Jones Top Company Headlines at 9 PM ET: Terms Revealed for SpaceX's Unconventional $75 Billion IPO | SoftBank ...