SpaceX is moving closer to an initial public offering that could become the biggest IPO ever, sharpening attention on how it would stack up against the largest U.S. stock-market debuts to date. The company, founded by Elon Musk and known for its work in commercial spaceflight, satellite internet and launch services, has long been closely…
OpenAI is moving toward an initial public offering that could take place in September, according to recent reports. The company is one of the most closely watched names in artificial intelligence, and any steps toward a public listing would mark a major shift for a business that has grown rapidly in both profile and influence….
Google and Samsung have launched AI-powered Intelligent Eyewear, unveiling a new pair of smart glasses developed as a joint effort between the two companies. The announcement introduces a wearable device positioned as a next step in consumer hardware that brings AI features into an eyewear form factor. The companies revealed the Intelligent Eyewear as part…
OpenAI is preparing to confidentially file for an initial public offering in the United States as soon as Friday, according to a source cited by CNBC. The reported move would mark the clearest step yet toward turning the high-profile artificial intelligence company into a publicly traded firm. OpenAI has been closely watched across the technology…
U.K. police say they have seized millions of dollars’ worth of cocaine that was concealed inside a shipment of Kim Kardashian’s SKIMS brand underwear. Authorities said the drugs were discovered in a cargo load of the apparel brand and were intercepted as part of an ongoing enforcement effort targeting illicit narcotics moving through commercial shipping…
A congressional report says at least 42 U.S. military aircraft were damaged or destroyed during Operation Epic Fury, a U.S. operation referenced in multiple recent accounts as tied to a war with Iran. The document, described in coverage as a report to Congress on U.S. aircraft combat losses, lists aircraft that were “lost or damaged”…
Nvidia shares are poised for an unusually large move when the company reports earnings, with the options market implying a potential swing so big it could translate into roughly $350 billion in market value. The setup is drawing intense attention from investors because Nvidia has become one of the stock market’s most influential companies and…
Raúl Castro is expected to be indicted Wednesday in a U.S. case tied to an investigation that has been in the works for roughly three decades, according to recent reports. The expected indictment would name the former Cuban president and longtime senior figure in Cuba’s government. The case centers on an incident from about 30…
Target is scheduled to report first-quarter earnings, giving investors and shoppers a fresh look at how the retailer is performing as it works through a broader turnaround effort and gauges the health of the U.S. consumer. The report will cover Target’s first quarter and is expected to be accompanied by management commentary on sales trends,…
Lowe’s reported quarterly results that topped Wall Street expectations, delivering a stronger-than-anticipated performance even as the home improvement retailer pointed to a “challenging” housing environment. The company’s update, highlighted in a CNBC report, indicated that Lowe’s managed to exceed analysts’ forecasts for the period. The results arrive as investors and consumers continue to navigate housing-related…
Rory McIlroy offered his reaction to Aaron Rai’s victory at the PGA Championship, weighing in after Rai delivered a surprise first major title and a historic result for English golf. Rai, an English golfer, won the PGA Championship to claim his first major. The win made him the first Englishman to capture the US PGA…
Target is set to report first-quarter earnings, with investors and analysts looking to the retailer’s results for a fresh read on consumer spending as the industry enters a key stretch of quarterly updates. The company’s report will put the spotlight on how Target is performing in the current retail environment and what it sees ahead….