The Latest Breaking News from Stock Market

Historic $1 Trillion IPO Bid Could Turn Into OpenAI Wall Street's Next AI Giant

OpenAI has filed for a US stock market debut, aiming for a trillion-dollar valuation. This move aligns with Anthropic's similar plans, highlighting intense investor interest in AI.

International Business Times UK · Jun 9

OpenAI IPO: ChatGPT maker files for US Stock Market initial public offering after Anthropic, SpaceX

OpenAI would set the stage for a trio of trillion-dollar-valuation companies debuting rapidly, which together are seen as the most consequential test of investor appetite for high-growth technology stocks ‌in the last 10 ⁠years.

The Economic Times · Jun 9

Consumer Staples Stocks Are No Longer a Recession-Proof Haven Amid High Inflation. Just Look at the PBJ ETF.

In the old tactical playbook for a top-heavy, late-cycle market regime, one of the rules is “when growth gets risky, hide out in the consumer staples sector.” Well, the 20th century stock market called. And it wants its playbook back.

Barchart · Jun 8

Stellar debut! Merritronix shares list at 90% premium on BSE SME platform

Merritronix shares debuted with a 90% premium on the BSE SME platform, listing at Rs 283 against an issue price of Rs 149. The Rs 70 crore IPO saw overwhelming investor response, subscribed 315.36 times overall. The company, operating in the defence and aerospace ESDM segment, reported strong financial growth,…

The Economic Times · Jun 8

U.S. Stock Market prediction for Monday: Nasdaq, S&P 500, Dow Jones crash to continue in Wall Street? These factors will determine

U.S Stock Market on Monday: Magnificent Seven stocks which includes AI players Nvidia, Google-parent Alphabet and Meta will be under scanner.

The Economic Times · Jun 8

Stocks drive record share of American wealth

An AI-driven rally is enriching Americans more than usual and exposing them to potentially painful losses from a reversal.

Axios · Jun 7

FIIs, weak global cues among 5 factors that could keep D-St under pressure this week

Indian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in West Asia and elevated crude oil prices. While RBI’s policy measures and steps to attract foreign capital could support sentiment, investors will closely track monsoon progress, inflation concerns, global market…

The Economic Times · Jun 7

SpaceX IPO: how can I buy shares, and what are the risks?

Elon Musk firm plans the biggest stock market launch in history – but experts have flagged potential downsides

The Guardian - UK · Jun 6

GIFT Nifty tumbles 1.5% as US stock market plunges. Will Dalal Street crash on Monday?

GIFT Nifty plunged over 1.5% after a sharp selloff on Wall Street, signalling a weak start for Dalal Street on Monday. Strong US jobs data fuelled fears of prolonged higher interest rates, pushing Treasury yields higher and triggering a broad market decline. Analysts expect volatility amid global and domestic uncertainties.

The Economic Times · Jun 6

US stock market crash explained: Why did Nasdaq plunge 4% to log worst day in over a year

Wall Street experienced a sharp decline on Friday, led by the Nasdaq's significant fall, as a robust US jobs report fueled concerns about sustained high interest rates from the Federal Reserve. The strong employment figures intensified inflation worries, making rate cuts less likely and potentially increasing the chance of a…

The Economic Times · Jun 6