economy

Quantinuum Opens Trading at $68 per Share Following $1.68 Billion IPO

06/04/2026, 11:31 AM economy announcement software JPMorgan Chase Honeywell Amgen

Quantinuum's IPO raised $1.68 billion, pricing shares at $60 each, and opening at $68, reflecting strong investor interest in quantum computing despite the company's recent financial losses.

Long-Term Unemployment in the U.S. Surges, Raising Concerns About Economic Health

06/04/2026, 09:31 AM economy research

The surge in long-term unemployment in the U.S., now affecting over 1.8 million Americans, poses significant risks to both individual financial stability and the broader economy, as it may lead to reduced consumer spending and long-lasting psychological effects.

Analysts maintain bullish outlook on CrowdStrike (CRWD), Broadcom (AVGO), and Palo Alto Networks (PANW) despite recent sell-offs

06/04/2026, 09:31 AM economy review Analysts: analysts CrowdStrike Palo Alto Networks Broadcom

Despite recent declines in the stocks of CrowdStrike, Broadcom, and Palo Alto Networks following their earnings reports, analysts remain optimistic about their long-term potential, emphasizing that these sell-offs are not indicative of deteriorating fundamentals.

AI Startup Supabase Achieves $10.5 Billion Valuation After $500 Million Funding Round

06/04/2026, 09:31 AM economy fundraising ai software

Supabase has raised $500 million at a valuation of $10.5 billion, reflecting strong investor interest in AI infrastructure as the demand for backend tools for AI applications surges.

Jim Cramer Suggests Trimming Goldman Sachs (GS) and Wells Fargo (WFC) Positions for Different Reasons

06/04/2026, 09:31 AM economy review finance Goldman Sachs Asset Management CrowdStrike Wells Fargo Johnson & Johnson Eli Lilly

Investors are witnessing a sector rotation from AI hardware to healthcare and financials, with notable movements in stocks like Goldman Sachs and CrowdStrike, indicating shifting market dynamics.

Coinbase Launches SpaceX Pre-IPO Perpetual Futures for Early Investor Exposure

06/04/2026, 06:31 AM economy announcement finance ai Coinbase

Coinbase has launched a new product allowing traders to gain price exposure to private companies like SpaceX through perpetual futures contracts, catering to growing retail investor demand for pre-IPO opportunities.

Broadcom (AVGO) Misses Revenue Expectations, Shares Drop 15% Amid AI Sales Forecast Concerns

06/04/2026, 05:33 AM economy rating_drop semiconductors Broadcom

The S&P 500 has halted its nine-week winning streak due to rising oil prices and Treasury yields, while significant corporate developments include Broadcom's disappointing earnings and SpaceX's upcoming IPO at a valuation of $1.77 trillion.

Bluesky CEO Jay Graber Discusses Growth Strategy and Competition with Twitter and Reddit

06/04/2026, 04:32 AM economy growth internet Meta Platforms

Bluesky, a social media platform founded by Jay Graber, has seen significant user growth since its launch, but still lags behind competitors like X and Threads. The platform aims to create a decentralized social media experience, which could reshape the industry despite its current smaller user base.

SoftBank (9984) Shares Drop 10% Amid Broader Tech Sell-Off and Market Concerns Over AI Investments

06/03/2026, 10:31 PM economy stock_drop finance

SoftBank's shares dropped 10% following a broader sell-off in the tech sector, raising concerns about the sustainability of its high-risk investments in AI despite a significant year-to-date price increase.

Analysts maintain hold rating on CrowdStrike (CRWD) while raising price target to $750 after strong quarterly results

06/03/2026, 06:30 PM economy rating_growth Analysts: analysts ai software CrowdStrike

CrowdStrike's recent quarterly results exceeded expectations, but the stock fell over 11% following the announcement, reflecting profit-taking by investors. Despite this short-term reaction, the company's strong performance and positive outlook signal robust growth potential in the cybersecurity sector driven by AI adoption.