SpaceX on Tuesday reported a second-quarter loss of $541 million on revenue of $7.8 billion in its first earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Elon Musk’s rocket, satellite and AI provider was forecast to report revenue of $6.8 billion…
The U.S. stock market approached record highs on Tuesday after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could be reached within days. Investors were also cheered by strong corporate profits, with companies ranging from equipment maker Caterpillar to software company Palantir Technologies reporting second-quarter results that exceeded analysts’ expectations. …
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
The Pakistan Stock Exchange (PSX) opened the week in the green on Monday, gaining more than 2,100 points to close above the 178,000 mark. The development came as global oil prices tumbled on Monday, after United States President Donald Trump said fresh talks with Iran would begin later in the day. At 11am, the benchmark…
The Pakistan Stock Exchange (PSX) opened the week in the green, gaining more than 2,000 points during intraday trade. At 11am, the benchmark KSE-100 index had gained 2273.78 points, from the previous close of 176,094.11 points. The development came as global oil prices tumbled on Monday as Donald Trump said fresh talks with Iran will…
The second phase of the Azad Jammu and Kashmir (AJK) elections began on Sunday morning. Polling is being held in nine constituencies of Muzaffarabad division and all 12 refugee constituencies. Polling started at 8am and will continue without interruption till 5pm. Over 300 candidates are vying for nine Muzaffarabad seats and 12 seats for refugees…
The second phase of the Azad Jammu and Kashmir (AJK) elections began on Sunday morning. Polling is being held in nine constituencies of Muzaffarabad division and all 12 refugee constituencies. Polling started at 8am and will continue without interruption till 5pm. Over 300 candidates are vying for nine Muzaffarabad seats and 12 seats for refugees…
Ukrainian Ambassador Olga Stefanishyna took note of what she said was an improved relationship between Ukraine and the U.S., telling reporters Thursday that the “overall dynamics” have shifted. In just the past six weeks, Ukrainian President Volodymyr Zelenskyy has had two phone calls and three meetings with President Trump, including one earlier this week. Stefanishyna,…
The Consumer Price Index rose 2.4% in January from a year ago, below economists’ forecasts and a sign that price pressures across the U.S. are easing. By the numbers The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents…
Elon Musk’s aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX’s stock has dropped drastically. Mark Strassmann takes a look. Source link
