Circle rally, EchoStar bankruptcy report, IonQ acquisition
Here are some of the stories Wall Street is watching on Monday, June 9.
Circle's (CRCL) post-IPO rally has given the Ark Fintech Innovation (ARKF) fund a big boost.
EchoStar (SATS) is considering bankruptcy according to a report from the Wall Street Journal.
IonQ (IONQ) is acquiring a UK quantum startup called Oxford Ionics.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
2 hours ago
- Business Wire
Circle Announces Closing of the Full Exercise of Greenshoe Option Granted in the Initial Public Offering
NEW YORK--(BUSINESS WIRE)--Circle Internet Group, Inc. ('Circle') (NYSE: CRCL), a global financial technology company and stablecoin market leader, today announced that, in connection with its previously completed initial public offering of its Class A common stock, the underwriters have fully exercised their option to purchase an additional 5,100,000 shares of Class A common stock from Circle. The issuance of the additional shares closed on June 11, 2025, bringing the gross proceeds from the initial public offering to Circle and the selling stockholders to approximately $1.2 billion. J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC acted as joint lead active bookrunners for the offering. Barclays, Deutsche Bank Securities and SOCIETE GENERALE acted as bookrunners; BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co. and Santander acted as co-managers; and AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, Inc. and Roberts & Ryan acted as junior co-managers. A registration statement relating to these securities has been filed with the SEC and was declared effective on June 4, 2025. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ and postsalemanualrequests@ Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Circle Internet Group, Inc. Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is building the world's largest, most-widely used, stablecoin network, and issues, through its regulated affiliates, USDC and EURC stablecoins. Circle provides a comprehensive suite of financial and technology services that empower enterprises and developers to integrate stablecoins and blockchains into their products, services and business operations.
Yahoo
3 hours ago
- Yahoo
US-Mexico steel imports, Palantir stock, DoorDash & Symbiosys
Yahoo Finance host Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute, including steel manufacturer Cleveland-Cliffs' (CLF) stock response to reports of US-Mexico trade talks, Palantir Technologies' (PLTR) move higher to a record intraday high, and DoorDash (DASH) acquiring advertising technology platform Symbiosys. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo! Finance's Market Minute. Stocks looking for momentum here as investors digest softer than expected inflation data. Shares of steel manufacturer Cleveland-Cliffs sliding as the U.S. and Mexico may be nearing a deal. The two nations reportedly close to an agreement that would remove President Trump's 50% tariffs on steel imports up to a certain volume. That's according to Bloomberg. Palantir on the rise as shares eye a record high close. That stock already hitting record intraday highs as Mizuho lifts its price target on that name from 94 to 116. The firm citing Palantir's, quote, stronger momentum in net new commercial logos. And DoorDash announcing its acquisition of ad tech platform Symbiosis. The food delivery company looking to expand its off-site advertising capabilities. DoorDash also introducing a new suite of AI-powered tools. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best and worst performing stocks. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
3 hours ago
- Yahoo
Oklo-Air Force deal, platinum rally, Victoria's Secret guidance
Yahoo Finance host Brad Smith tracks today's top moving stocks and biggest market stories in this Market Minute, including the US Air Force selecting Oklo (OKLO) to provide nuclear power to an Alaskan base, platinum prices (PL=F) surging on supply constraints, and Victoria's Secret (VSCO) issuing softer-than-expected guidance while facing pressures from activist investment firm BBRC International. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo Finance's Market Minute. First up, O'Clair shares surging as the company is tentatively selected to provide nuclear power to an Air Force base in Alaska. This comes after a nearly two-year delay. O'Clair was initially awarded the project back in 2023, but the process was halted due to protests from its competitors. Platinum prices also jumping today, up over 4%. The precious metal, which is used in electric vehicles, jewelry, and industrial applications, up about 40% year to date. Limited supplies caused by trade disputes and declining outputs are boosting prices, according to Bloomberg reports. And Victoria's Secret issuing a disappointing outlook for its current quarter, sending shares lower. The retailer is currently facing pressure from one of its largest investors, BBRC. The firm accusing Victoria's Secret of mismanagement and calling for a complete overhaul of its board. And that's your Yahoo Finance market update Market Minute. Scan the QR code below to track the best and worst performing stocks. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
