QtrendsU.S. stock futures mixed as tech earnings trigger profit-taking amid Broadcom and CrowdStrike selloffs. Trump administration revamps tariff strategy after legal setbacks, with changes to steel, aluminum and copper levies. SpaceX prepares for a record-breaking IPO that could raise up to $86 billion. CBS fires Scott Pelley after a '60 Minutes' clash with management.
U.S. stock futures showed mixed signals as investors took profits following tech earnings. Broadcom shares fell despite reporting accelerating AI-chip growth, while CrowdStrike dropped as analysts panned cybersecurity earnings. Oil prices declined after an Israel-Lebanon ceasefire was announced.
The Trump administration is quietly reconstructing its tariff approach after the initial push faced legal roadblocks. Changes were made to steel, aluminum and copper tariffs, while new levies were announced targeting forced labor concerns. The administration turned to a new legal rationale to justify existing tariffs.
SpaceX is setting the stage for what could be the largest IPO in history, potentially raising up to $86 billion. The offering could make Elon Musk a trillionaire. Separately, quantum computing firm Quantinuum raised $1.68 billion in its IPO, signaling growing investor appetite for next-generation tech.
CBS News has fired Scott Pelley of '60 Minutes' following a clash with management. The move has raised significant questions about the future direction of the iconic news program. Multiple outlets reported the firing, though unanswered questions remain about the circumstances.