The daily market timeline
Markets move. Stories develop. Follow the news, briefs and guides shaping business, finance and the economy — one day at a time.
Tuesday
Tuesday
6 news articles · 3 briefs · 0 guides
SpaceX is reportedly targeting a $1.75 trillion valuation for its upcoming IPO, with the company expected to begin its investor roadshow on June 4 ahead of a planned Nasdaq debut on June 12.
Victoria’s Secret shares soared nearly 40% after the company reported quarterly results that exceeded Wall Street expectations, triggering one of the stock’s strongest rallies in years.
Marvell shares surged after Nvidia CEO Jensen Huang described the company as the next potential trillion-dollar business, highlighting its growing role in AI infrastructure and networking.
Investors now view Nvidia as a safer borrower than the U.S. government, with the company’s five-year credit default swap trading below U.S. sovereign CDS levels.
U.S. regulators are eliminating the long-standing Pattern Day Trader rule, removing the $25,000 minimum account requirement for frequent stock traders and reshaping retail market access.
Alphabet unveiled an $80 billion fundraising plan, including public offerings and a Berkshire Hathaway investment, to finance the rapid expansion of its AI computing infrastructure.
Alphabet plans to raise $80 billion to expand AI infrastructure and meet growing demand for Google’s AI services.
People Inc. offered more than $18 billion to acquire MGM Resorts amid rising consolidation in the gaming sector.
Alphabet, Amazon, and other technology firms are raising record debt to finance AI infrastructure and data center expansion.
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