1464 articles
GM (Consumer Cyclical)

General Motors is expanding its energy storage business by developing sodium-ion batteries for AI data centers and grid-scale applications, while enhancing vehicle-to-grid capabilities for EV owners. The moves aim to capitalize on surging energy demand from AI infrastructure buildout and help customers manage rising electricity costs, which have increased 48% since January 2020.

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CVE (Energy)
Cenovus CEO Says Proposed West Coast Pipeline "Unfinanceable
Reuters | Tue, 09 Jun 2026 16:02:18 -0400

Cenovus Energy CEO Jon McKenzie stated that Alberta's proposed 1 million barrel-per-day pipeline to British Columbia's Pacific coast cannot be financed by the private sector under Canada's current regulatory framework. He cited Canada's industrial carbon pricing system as making Canadian oil uncompetitive and preventing the production growth needed to justify the pipeline project.

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MA (Financial Services) V (Financial Services)
US judge approves $38B Visa, Mastercard swipe-fee settlement
Reuters | Tue, 09 Jun 2026 15:17:02 -0400

A U.S. federal judge granted preliminary approval to a revised $38 billion settlement between Visa, Mastercard, and merchants over swipe fees, nearly two years after a previous $30 billion deal was rejected as insufficient. The settlement would reduce interchange fees and modify card acceptance rules, ending litigation that began in 2005 over alleged antitrust violations.

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P-SPAC (Unknown) SPCX (Unknown)

NASA announced the four-person crew for its Artemis III mission, scheduled to launch late next year. The mission will conduct a spacecraft docking demonstration in Earth's orbit to test lunar landers from SpaceX and Blue Origin for the first time in space. This represents a critical step toward NASA's planned 2028 moon landing, its first since 1972.

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SSNLF (Technology)

Element Biosciences raised funds in an upsized Series E round, including $175 million from Samsung Electronics, to expand commercialization of its genetic testing and sequencing products. The San Diego-based company did not disclose the total round size or valuation. The financing follows Element's $277 million Series D round from July 2024.

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UNCFF (Financial Services) UNCRY (Financial Services)

UniCredit's voluntary public offer for Commerzbank has received acceptances representing 10.91% of shares, increasing UniCredit's total stake in the German lender to 37.68%. The filing, released on June 9, marks progress in UniCredit's unsolicited bid to acquire a controlling position in Commerzbank, which crossed Germany's mandatory 30% takeover threshold.

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BA (Industrials)
Boeing May Jet Deliveries Jump 33% to 60
Reuters | Tue, 09 Jun 2026 11:02:14 -0400

Boeing delivered 60 aircraft in May 2026, a 33% increase from April, with 51 of those being 737 MAX jets—the highest monthly MAX delivery since production resumed in December 2024 after a strike. The company is ramping up production from 42 to 47 jets per month this summer, though it still trails rival Airbus in deliveries.

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NVEI (Unknown)

Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for approximately $2.7 billion including cash, implying an enterprise value of about $2.3 billion. The deal, which could be signed within days, would combine Nuvei's merchant payment acceptance services with Payoneer's supplier and freelancer payment networks. Nuvei is backed by private equity firms Advent International, Novacap, and Canadian investment group CDPQ.

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ALTS (Technology)

The Trump family received approximately $500 million from a 2025 crypto deal between World Liberty Financial and publicly traded Alt5 Sigma (now AI Financial Corp.), while investors suffered steep losses. The company's stock has fallen more than 90% since the deal was announced in August, and it now warns it may not continue as a going concern. Ethics groups have called for an SEC investigation into corporate disclosure issues and potential conflicts of interest.

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RIVN (Consumer Cyclical)

Rivian is launching customer deliveries of its R2 electric SUV, starting Tuesday, and has accelerated its $45,000 entry-level model to next summer from late 2027. The R2 represents a make-or-break moment for Rivian as it attempts to transition from a niche luxury EV maker into a mainstream brand competing with Tesla, Jeep, and Subaru. The company aims to achieve profitability through the R2, with each unit planned to be cash-flow positive.

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EADSF (Industrials) EADSY (Industrials)

Airbus CEO Guillaume Faury stated at the Berlin Aviation Summit that the company has not seen any jet order cancellations despite significant pressures on airlines from elevated fuel costs. The airline industry faces higher fuel prices driven by the U.S. and Israel's war with Iran, which has disrupted jet fuel supplies and forced costly flight detours, yet long-term aircraft demand remains resilient.

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Bitcoin's 27% decline in 2026, falling 50% from its all-time high, has triggered major options trading activity in crypto-related stocks. Two significant trades emerged: a $56 million diagonal call spread in MicroStrategy betting on sideways movement, and a $21 million bullish position in Coinbase targeting a rebound to above $183.40 by August.

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PSKY (Communication Services) WBD (Communication Services)

Britain's Competition and Markets Authority has formally launched a Phase 1 review of Paramount Skydance's $110 billion acquisition of Warner Bros Discovery, with a decision deadline of August 7. The regulator will assess whether the deal harms competitiveness in the UK market before deciding whether to approve it or escalate to a deeper investigation.

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AAPL (Technology) BBEU (Unknown) DBEF (Unknown) DBEU (Unknown) DFE (Unknown) +17 more
Must Read EU to Propose 21st Sanctions Package Against Russian Banks
Reuters | Tue, 09 Jun 2026 07:05:57 -0400

The EU is preparing to propose its 21st sanctions package against Russia on Wednesday, targeting up to 90 banks in a single action—the largest banking sanctions wave to date. The measures aim to increase pressure on Russia's financial system and encourage Moscow to negotiate a peace deal, bringing the total sanctioned Russian banks to over 100, representing more than 50% of Russia's internationally connected lenders.

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PBLS (Unknown)
Parabilis Medicines Seeks $633M in Upsized U.S. IPO
Reuters | Tue, 09 Jun 2026 06:16:20 -0400

Parabilis Medicines, a Cambridge, Massachusetts-based biopharmaceutical company, announced an upsized U.S. initial public offering targeting up to $633.3 million. The company is marketing 33.3 million shares and is set to begin trading on the Nasdaq under the ticker symbol 'PBLS' on Wednesday.

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AMZN (Consumer Cyclical) P-SPAC (Unknown) SPCX (Unknown)

SpaceX's Starlink is rapidly gaining market share in the airline in-flight Wi-Fi sector, signing 11 new customers globally in 2026 alone, while Amazon's Leo satellite network has secured its first airline deals with Delta and JetBlue. Major U.S. carriers including American Airlines and Southwest are expanding Starlink deployments as fast, free Wi-Fi becomes a competitive necessity rather than a paid add-on. The shift represents a multi-hundred-million-dollar investment for airlines but is seen as essential for customer loyalty and premium revenue growth.

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ASHR (Unknown) CHIQ (Unknown) CQQQ (Unknown) CYB (Unknown) FXI (Unknown) +5 more
Must Read China to Deploy $295B for Nationwide AI Buildout — Bloomberg
Reuters | Tue, 09 Jun 2026 05:24:00 -0400

China plans to invest approximately $295 billion over the next five years to build a nationwide network of interconnected data centers as part of its effort to compete with the U.S. in artificial intelligence development. The National Development and Reform Commission is drafting the blueprint, with state firms like China Mobile and China Telecom set to operate most facilities. The initiative emphasizes domestic suppliers, aiming for at least 80% reliance on local technology such as Huawei AI chips.

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PLTR (Technology)

Britain is reviewing its £330 million ($441 million) NHS data contract with U.S. firm Palantir amid mounting political pressure to terminate the deal when a break clause becomes available in early 2027. The government must decide whether to extend the contract for up to seven years or end it due to concerns over data privacy, reliance on U.S. tech suppliers, and public trust.

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BYDDF (Consumer Cyclical) BYDDY (Consumer Cyclical)

BYD Executive Vice President Stella Li predicts that electric vehicles will capture nearly 80% of China's car market soon, driven by technological innovation and rising fuel costs. This contrasts with slowing EV sales growth and analyst skepticism about demand resilience. China's EV penetration already reached a record 62.9% last month, far exceeding the U.S. rate of around 10%.

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STLA (Consumer Cyclical)
Stellantis Recalls 1.3M+ Jeeps Over Fire Risk
Reuters | Tue, 09 Jun 2026 01:00:56 -0400

Stellantis is recalling over 1.3 million Jeep Wrangler SUVs and Gladiator trucks worldwide due to a fire risk from an electrical wiring issue in the power steering system. The recall affects 2021-2025 model years, and owners are urged to park away from structures until repairs are completed. A fix is expected by July 2026.

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