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FAA launches investigation into SpaceX Starship booster failure after test flight
The U.S. Federal Aviation Administration has directed SpaceX to investigate the failure of its Starship Super Heavy booster, which crashed into the Gulf of Mexico during a test mission last week, the agency confirmed on Wednesday. According to the FAA, the May 22 launch of SpaceX’s Starship Flight 12 resulted in a mishap involving the…
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Zscaler shares tumble more than 31% despite earnings beat, raising investor concerns (ZS)
Zscaler Inc (NASDAQ:ZS) shares plunged 31.52% on Wednesday, May 27, marking one of the sharpest selloffs among major U.S. technology companies in recent years, even after the cloud cybersecurity provider delivered quarterly results that topped Wall Street expectations across key financial measures. For the third quarter of fiscal 2026 ended April 30, Zscaler reported revenue…
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KKR Expands Italian Presence With Planned Milan Office Opening
KKR & Co (NYSE:KKR) announced on Thursday that it will open a new office in Milan as the U.S. private equity group strengthens its long-term presence in Italy following major investments across the telecommunications and energy sectors. The move reflects KKR’s growing focus on the Italian market after several high-profile transactions completed over the past…
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Chevron seeks control of offshore Greek gas block in Mediterranean expansion (CVX)
Chevron (NYSE:CVX) has formally requested approval to acquire a 70% stake in an offshore exploration block southwest of Greece from Helleniq Energy, according to a statement released Thursday by Greece’s energy ministry, marking another step in the U.S. energy giant’s expansion across the Mediterranean region. If the application receives approval, Chevron will assume operatorship of…
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Snowflake shares soar in premarket after AI momentum fuels strong Q1 beat (SNOW)
Snowflaked Inc (NYSE:SNOW) jumped 36% in premarket trading Thursday after the cloud data platform company exceeded Wall Street expectations across major first-quarter metrics and boosted its full-year guidance, reinforcing investor confidence in its emerging AI revenue strategy. The stock finished Wednesday’s regular session at $175.26, down 1.3%, before the company released results after the market…
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Oil Prices Climb as Renewed U.S.-Iran Strikes Raise Supply Concerns
Oil markets moved higher on Thursday after fresh military exchanges between the United States and Iran weakened expectations for a near-term peace agreement and renewed fears of prolonged disruption in the Strait of Hormuz. By 05:51 ET (09:51 GMT), Brent crude futures had gained 2.3% to $96.42 per barrel, while U.S. West Texas Intermediate crude…
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Gold Falls to Two-Month Low as Middle East Tensions Fuel Inflation Concerns
Gold prices moved lower on Thursday, slipping to their weakest levels in two months as renewed military tensions between the United States and Iran pushed oil prices higher and revived fears of a fresh inflation shock. At 05:33 ET (09:33 GMT), spot gold had fallen 1.4% to $4,392.88 per ounce, while gold futures declined 1.3%…
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U.S. Futures Slip as Renewed U.S.-Iran Strikes Shake Market Sentiment: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded lower on Thursday while oil prices climbed after a fresh exchange of military strikes between the United States and Iran undermined hopes for a near-term peace agreement. Investors were also preparing for the release of a closely watched U.S. inflation report expected later in the session. At 03:37 ET, Dow Jones…
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Dow Sets Fresh Record as Oil Slide Lifts Blue Chips; Tech Lags on Chip Pullback
Wall Street closed on a split note Wednesday as falling oil prices and renewed Iran peace hopes powered the Dow Jones Industrial Average to a fresh all-time high, while a sharp pullback in semiconductor stocks kept the broader market pinned near the flatline. The session underscored a clear rotation out of high-flying tech names and…
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Markets in Motion: tech earnings challenge valuation fears
Strong tech earnings continue to drive market leadership Technology continues to dominate market leadership in 2026, and according to Bruce Campbell, the earnings data may justify much of the enthusiasm. In this week’s Markets in Motion, Campbell highlights how both technology and energy have emerged as the top-performing sectors year-to-date. While concerns around valuation remain common,…