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SpaceX to Nasdaq as Musk Mulls Tesla Merger
Elon Musk’s two trillion‑dollar giants are converging: SpaceX, valued at $1.25 trillion after its xAI merger, will list on Nasdaq within weeks, while Tesla sits at $1.6 trillion. Internal talks about
BP Removes Chairman Manifold Over Governance Concerns
BP’s sudden ouster of chairman Albert Manifold over alleged bullying and governance lapses marks a sharp pivot in the company's leadership amid soaring oil profits driven by the Iran conflict. The boa
AutoZone Shares Drop 9% After Earnings Beat
After a string of geopolitical and AI headlines, SKIMNEWS turns to AutoZone, whose Q3 earnings beat forecasts but its shares plunged 9%—the steepest drop since 2022. Analysts cite cooler‑weather‑drive
A battle is brewing in the gold pits. Here are the winners and losers
Gold miners are in the spotlight as the VanEck Gold Miners ETF surged over 4% despite falling gold futures, drawing massive call buying and a counter‑bet of $1 million in deep puts. Meanwhile, Newmont
Micron Hits $1 Trillion Market Cap, Stock Up 19%
Micron’s stock surged 19% to push its market value past $1 trillion, reflecting soaring AI‑driven demand for memory chips. UBS’s aggressive price‑target hike and the broader chip rally underscore a st
Why oil prices matter so much to DuPont, and the big earnings report to watch tonight
DuPont’s shares jumped over 2% to about $49.25 as optimism over a possible U.S.–Iran détente eased oil‑price pressure that has been inflating its polyethylene input costs. The company said Q1 surcharg
Chipotle fans are clamoring for an instant-favorite new protein option — but it’s currently only available in some stores - New York Post
Chipotle is trialing a new crispy chicken protein in select California restaurants, sparking a wave of fan demand for a nationwide rollout. Coverage from the New York Post, KTLA and AOL.com highlights
UK bans Huobi, stablecoin issuer for Russia crypto aid
The United Kingdom has expanded its Russia sanctions regime to the crypto sector, naming 18 entities—including major exchange Huobi and a Kyrgyzstan‑linked stablecoin issuer—for helping Moscow bypass
Cybersecurity stocks are surging. One looks promising into earnings
Zscaler’s earnings preview shows 26% YoY revenue growth to $3.32 billion and strong cash generation, underpinned by its Zero Trust Exchange AI‑security platform. While options are pricey, a call‑sprea
AI Optimism Drives S&P 500, Nasdaq Higher
U.S. equities are climbing as AI‑driven optimism lifts the S&P 500 and Nasdaq, even as fresh Middle East tensions keep oil prices firm. Reuters, WSJ and Yahoo Finance all note the rally, but they attr
As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows - AP News
Even as the U.S. stock market climbs to fresh record highs, a new survey shows two‑thirds of Americans are tightening their belts. High gas prices and a rising cost of living have driven consumer sent
Bank of Canada Flags Low‑Hire, Low‑Fire Labour Market
The Bank of Canada says Canada’s labour market has slipped into a “low‑hire, low‑fire” regime, where hiring is stagnant despite rising unemployment. Deputy governor Nicolas Vincent warns that this str
US Consumer Confidence Hits All‑Time Low
Consumer confidence in the United States has slipped to an all‑time low as inflation and soaring gas prices bite, even as the stock market climbs to fresh records. Two‑thirds of Americans say they are
SpaceX IPO Filing Gives Musk 85% Voting Power
SpaceX’s filing reveals a pay package and governance structure that let Elon Musk wield 85 % of voting power and vote unearned shares, while bypassing independent oversight and mandating arbitration,
Live markets: bitcoin leads crypto slide even as tech sector closes sharply higher
A $1.29bn dark‑pool block sale of BlackRock’s iShares Bitcoin Trust triggered a 2% dip, pulling Bitcoin below $76k. The move came as the Nasdaq surged 1.2% and the S&P 500 held record highs, widening
Bitcoin Giant Strategy Slashes Cash Reserves by 61% to Repurchase $1.5 Billion in Debt
Strategy drained most of its cash buffer to buy back $1.5 billion of convertible debt, leaving its $64.7 billion Bitcoin stash untouched. The move sparked a modest stock rally and nudged market odds d
ECB to hike June rates as oil‑driven inflation spikes
ECB officials signaled a June interest‑rate increase as surging oil prices push inflation beyond the bank’s March forecasts, prompting expectations of higher borrowing costs for the eurozone and raise
Bitcoin demand gauge sinks to worst level since December as spot buying weakens
Even as Bitcoin has been buoyed by Iran‑related news to near $76k, the latest on‑chain data reveal a sharp drop in demand. CryptoQuant’s 30‑day apparent demand metric plunged to minus 147,000 BTC, its
Quantum Stocks Surge On U.S. Funding. Were Google, Microsoft, IonQ Snubbed? - Investor's Business Daily
While SKIMNEWS has been tracking tight U.S. energy supplies, Google’s AI rollout, and Putin’s peace overtures, a new report shows the U.S. government committing $2 billion to quantum computing, sparki
Tether to Launch GELT Stablecoin with Georgia
While recent headlines have centered on tight U.S. energy supplies and corporate debt retirements, Georgia is charting a new direction by teaming with Tether to launch GELT, a sovereign‑backed stablec
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