With SpaceX seeking a valuation of nearly $1.8 trillion in IPO, early bets are poised to generate some of the biggest paper gains in venture capital history.
Category: Finance News
Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
The yellow metal is at lowest level of the year as potential interest rate increases and faltering technical signals weigh on prices.
ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
The European Central Bank also raised its inflation forecasts and cut its growth outlook.
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
Stocks making the biggest moves premarket: Oracle, Intel, Applied Materials, Alcoa and more
These are the stocks posting the largest moves in the premarket.
KKR says AI productivity boom to keep on going — but warns of ‘extreme’ trend not seen since the 19th century
KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.
Citigroup shares outperform down market after Trump endorsement
Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.
Stocks making the biggest moves midday: Super Micro, Cracker Barrel, Robinhood Markets, truckers & more
These are some of the stocks posting the largest moves midday.
Regulators’ proposed prediction markets rules ban trading on terrorism, assassinations
The proposed rules from the commission will now face a public comment period.
North Carolina Treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic
North Carolina has invested heavily in AI startups OpenAI and Anthropic while avoiding a direct stake in SpaceX.