Priya Raman — older stories
SpaceX's Market Debut Sank Its Listed Space Rivals
The biggest name in the business finally went public. The reaction across the rest of the space sector was a sell-off, not a celebration.
Sleep Number Files for Bankruptcy, Agrees to $415 Million Sale to Sleep Country Canada
Sleep Number filed for Chapter 11 and agreed to a $415 million stalking-horse sale to Sleep Country Canada, blaming tariffs and inflation as 2,920 jobs hang on the outcome.
Bank of America Double-Upgrades Intel to Buy, Sets $135 Price Target
Bank of America analyst Vivek Arya bypassed Neutral and double-upgraded Intel to Buy on June 11, lifting his price target from $96 to $135—a call that projects more than $6 in earnings per share by 2030 on the back of a recovering CPU business and a growing foundry operation.
Justice Department Clears Paramount’s $110 Billion Warner Bros. Deal
Antitrust regulators approved the Paramount Skydance–Warner Bros. Discovery merger with no conditions, clearing the biggest federal hurdle for a media giant that would own CBS, CNN and HBO Max.
Inflation Hit 4.2% in May, Lifting the 2027 Social Security Raise
May's Consumer Price Index rose 4.2% from a year earlier, the most since 2023. A gasoline surge drove it, and the squeeze lands first on fixed incomes.
Adobe Beats and Raises Guidance, but CFO Exit to Marvell Sinks the Stock
A clean quarter and a higher full-year forecast were no match for the news that finance chief Dan Durn is leaving for chipmaker Marvell, the second top-level exit at Adobe in three months.
SpaceX Tops $2 Trillion After 25% Pop in Record $75 Billion Nasdaq Debut
Shares of Elon Musk's rocket company jumped about 25% in their first Nasdaq session, capping the largest public offering ever priced and setting up a fast track into the index funds that hold ordinary retirement savings.