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Lloyds, SpaceX IPO, and Market Divergence Lead Today's Financial News
Lloyds Banking Group shares have risen 22% in the past year, showcasing strong dividend power. SpaceX files for a landmark IPO, while market divergence highlights tech optimism versus inflation concerns.
Dow Closes at Record High Amid Late-Session Tech Buying
The Dow closed at a record 50,285.66, rising 0.55%, with the S&P 500 and Nasdaq also higher. Nvidia slipped despite record revenue, as oil and inflation concerns linger before the holiday weekend.
OpenAI Nears Public Debut, IPO Filing Imminent
OpenAI is set to confidentially file for an IPO, aiming for a September listing. A recent court victory removes a major hurdle, boosting its private market value.
Estée Lauder Shares Jump After Merger Talks Collapse
Estée Lauder shares rose about 10% in extended trading after ending merger discussions with Spain's Puig, shifting focus to its standalone turnaround strategy.
WhiteFiber Soars 22% on $160M AI Deal; Funding Test Looms in July
WhiteFiber shares surged 22% on a $160M AI compute deal for a Paris deployment. The contract uses NVIDIA GPUs, but execution and financing remain key hurdles ahead of a July service launch.
Lockheed Martin Starts $9B Alabama Missile Plant as Pentagon Urges Stockpile Rebuild
Lockheed Martin began construction on a new munitions facility in Troy, Alabama, to expand THAAD interceptor production and prepare for the Next Generation Interceptor, part of a $9 billion investment to ramp up missile output.
Grab Holdings Gains on Superbank Consolidation in Indonesia
Grab's stock climbed 1.6% to $3.56 after it consolidated Superbank in Indonesia, raising its stake above 50% and folding the lender's results into its financial-services segment from May 2026.
Blue Owl Capital Gains 5% as Private-Credit Demand Holds Steady
Blue Owl Capital shares jumped nearly 5% on Thursday, outpacing peers as private-credit demand remains steady despite ongoing sector concerns.
Deckers Outdoor shares swing after earnings beat, margin guidance disappoints
Deckers Outdoor shares closed up 4.5% after beating quarterly expectations, but retreated in after-hours trading as the company's lower-margin outlook for fiscal 2027 tempered investor enthusiasm.
