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SpaceX’s upgraded Starship launch on Friday delivered enough progress to reinforce investor confidence ahead of Elon Musk’s planned $1.75 trillion IPO, even though the test also highlighted that achieving full rocket reusability remains an unfinished challenge. Starship plays a central role in SpaceX’s long-term strategy to reduce launch costs, expand its Starlink satellite network —…

A majority of unionised employees at Samsung Electronics (USOTC:SSNHZ) voted on Wednesday to approve a preliminary wage agreement, preventing a large-scale strike that had raised concerns over global semiconductor supply chains and the wider South Korean economy. According to the union, around 74% of participating workers voted in favour of the deal. The agreement cancels…

Zscaler (NASDAQ:ZS) shares tumbled more than 21% in premarket trading on Wednesday, extending an after-hours decline of nearly 17%, after the cybersecurity group reduced its full-year free cash flow outlook despite delivering better-than-expected fiscal third-quarter earnings. Investor concerns were further amplified by the departure of two senior sales executives and softer-than-expected preliminary growth guidance for…

Stellantis (NYSE:STLA) is considering multiple approaches for the development of the platform architecture that will underpin future large Alfa Romeo vehicles, including both in-house solutions and potential collaborations with external partners. The update was provided by Emanuele Cappellano, chief operating officer of the automaker’s European operations. “There are a couple of possibilities (…) we can…

Oil prices moved lower on Wednesday, giving back part of the sharp gains recorded in the previous session as investors monitored developments in negotiations between the United States and Iran following renewed military tensions that complicated efforts to reopen the Strait of Hormuz. Brent crude futures declined by $1.52, or 1.53%, to $98.06 per barrel…