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SpaceX Boosts Plans For 2026 IPO, With Upto $1.5 Trln Valuation: Reports

Elon Musk's SpaceX is accelerating plans for an initial public offering or IPO in 2026 mainly following the rapid growth of its Starlink satellite internet service, media reported citing various sources familiar with the matter. According to Bloomberg News, an IPO is likely to raise well over $30 billion, with a valuation of around $1.5 trillion, while Reuters reported that IPO plans to raise...
RTTNews | 278 days ago
FTSE 100 Advances After Recent Weakness

FTSE 100 Advances After Recent Weakness

After three successive days of declines, U.K.'s FTSE 100 moved higher on Wednesday with select stocks finding good support. The mood was cautious with investors awaiting the Federal Reserve's monetary policy announcement due later in the day.
RTTNews | 278 days ago
CAC 40 Down Ahead Of Fed Rate Decision

CAC 40 Down Ahead Of Fed Rate Decision

French stocks fell on Wednesday with investors treading cautiously ahead of the Federal Reserve's monetary policy announcement due later in the day. Remarks from some European Central Bank officials that the bank will likely adopt a pragmatic, wait-and-see approach with regard to future policy stance weighed a bit on sentiment.
RTTNews | 278 days ago
DAX Slids More Than 0.5% In Cautious Trade Ahead Of Fed Rate Decision

DAX Slids More Than 0.5% In Cautious Trade Ahead Of Fed Rate Decision

Germany's stock index DAX opened weak Wednesday morning and lost further ground subsequently with investors making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement and the Fed Chair Jerome Powell's remarks after the meeting.
RTTNews | 278 days ago
Indian Shares Extend Losses For Third Day

Indian Shares Extend Losses For Third Day

Indian shares ended lower on Wednesday, with key benchmark indexes extending losses for a third straight session as bond yields surged ahead of the Federal Reserve's interest-rate decision later in the day.
RTTNews | 278 days ago
Amazon Plans $35 Bln Investment In India By 2030 To Boost AI Innovation

Amazon Plans $35 Bln Investment In India By 2030 To Boost AI Innovation

Tech and e-commerce major Amazon.com Inc. announced Wednesday its plans to invest more than $35 billion across all its businesses in India through 2030, aiming mainly to advance AI innovation and create more than 1 million jobs. The company, which so far has invested $40 billion in the country, expects to focus on business expansion as well as three strategic pillars...
RTTNews | 278 days ago
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Asian Shares Retreat Before Fed Rate Decision

Asian Shares Retreat Before Fed Rate Decision

Asian stocks declined on Wednesday as investors parsed mixed inflation data from China and awaited the Federal Reserve's interest rate decision later in the day.
RTTNews | 278 days ago
NZ Dollar Falls Amid Risk-off Mood

NZ Dollar Falls Amid Risk-off Mood

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-off mood, as traders are reluctant to make significant moves ahead of the U.S. Fed's monetary policy announcement later in the day. While the Fed is widely expected to lower interest rates by another quarter point, there is considerable uncertainty about the longer-term outlook for rates.
RTTNews | 278 days ago
NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 278 days ago

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