(Bloomberg) -- SpaceX decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial intelligence models, according to people familiar with the matter. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal S...
(Bloomberg) -- SpaceX decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial intelligence models, according to people familiar with the matter. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Ir
Former NASA Astronaut and International Space Station Commander Leroy Chiao said that Elon Musk has proven experts wrong about new technology and brought down the cost of going to space using SpaceX innovation like recovering booster rockets. With SpaceX trading for the first time, Chiao said that he wouldn't count Elon out to follow through on lofty promises to investors. (Source: Bloomberg)
Former NASA Astronaut and International Space Station Commander Leroy Chiao said that Elon Musk has proven experts wrong about new technology and brought down the cost of going to space using SpaceX innovation like recovering booster rockets. With SpaceX trading for the first time, Chiao said that he wouldn't count Elon out to follow through on lofty promises to investors. (Source: Bloomberg)
Stas-Bejsov/iStock via Getty Images SpaceX ( SPCX ) IPO boosts Bitcoin ( BTC-USD ) price momentum as Elon Musk-led company joins top Bitcoin treasury holders. Following the IPO debut, the Bitcoin price climbed back into the ~$64K range from its recent ~$59K bottom. The cryptocurrency has gained nearly ~5% over the past week, while daily trading volume stands at ~$28.59B. The strong move in cryptoc...
Stas-Bejsov/iStock via Getty Images SpaceX ( SPCX ) IPO boosts Bitcoin ( BTC-USD ) price momentum as Elon Musk-led company joins top Bitcoin treasury holders. Following the IPO debut, the Bitcoin price climbed back into the ~$64K range from its recent ~$59K bottom. The cryptocurrency has gained nearly ~5% over the past week, while daily trading volume stands at ~$28.59B. The strong move in cryptocurrency came as SpaceX went public on Friday , pricing shares at ~$135 and raising nearly ~$75B. The company debuted with a market value of around ~$1.75T, but what's interesting to watch is its Bitcoin holdings. Reportedly, SpaceX holds ~18.7K Bitcoin worth nearly ~$1.2B. An SEC filing showed the company carried the holdings at a cost basis of ~$661M, with fair values of ~$1.29B as of March 31, 2026, compared with ~$1.64B at the end of 2025. The public listing gives millions of traditional investors indirect exposure to the world's largest cryptocurrency. It also highlights growing institutional confidence in the coin as a treasury asset. Bitcoin Treasury companies list (Bitcoin Treasuries) Data shows Strategy ( MSTR ) remains the largest corporate Bitcoin holder with 845.3K coins, followed by Twenty One Capital ( XXI ) with 43.5K, Metaplanet ( MPJPY ) with 40.2K, MARA Holdings ( MARA ) with 35.3K, Bitcoin Standard Treasury with 30K, Bullish ( BLSH ) with 24.3K, Strive ( ASST ) with 19K BTC, and SpaceX ( SPCX ) ranks eighth with 18.7K BTC. More on SpaceX, Bitcoin USD, etc. Sell SpaceX: The Valuation Has Reached Mars, But Retail Buyers May Embrace A Crash Landing Wall Street Roundup: Trillion Dollar Baby SpaceX: The Most Misunderstood IPO In Decades Sen. Warren calls for wealth, AI tax, as Musk becomes world's first trillionaire SpaceX jumps 25% in historic IPO as Elon Musk becomes world's first trillionaire
A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data . That points to a 4.7% Social Security COLA for 2027, according to a new estimate from Mary Johnson, an independent Social Security and Medicare poli...
A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data . That points to a 4.7% Social Security COLA for 2027, according to a new estimate from Mary Johnson, an independent Social Security and Medicare policy analyst. Last month, Johnson had forecast a 4.2% COLA for next year. "There's a considerable likelihood that it's going to climb even higher than 4.7% as data continues to come in, especially on the gasoline prices," Johnson said. The Social Security Administration typically announces the COLA for the following year in October, and the change is based on third-quarter data. Meanwhile, the Senior Citizens League, a nonpartisan senior group, now forecasts a 3.8% COLA for 2027, down from its 3.9% May estimate. The estimate did not note a reason for the decline, and the Senior Citizens League was not available for comment by press time. Read more CNBC personal finance coverage Trump Accounts create a 'legal backdoor' for Roth IRA wealth, tax attorney says Social Security retirement trust fund may be depleted in 2032: Trustees report College sticker prices top $100,000 at 16 schools — but many students pay less How to get SpaceX stock — without buying the IPO CNBC's Financial Advisor 100: Best financial advisors, top firms ranked In 2026, about 75 million Social Security and Supplemental Security Income beneficiaries saw a 2.8% boost to their monthly checks through the cost-of-living adjustment. But while that increased the average $2,000 monthly benefit by about $56, beneficiaries would need $94 per month to keep up with inflation, according to Johnson. The annual COLA has averaged about 3.1% over the past decade, according to the Social Security Administration. watch now VIDEO 2:31 02:31 The retirement paradox: Here's what to know Squawk Box Social Security's COLA is calcul...
Hello World/DigitalVision via Getty Images Within the motorcycle community, Indian bikers have long been a favorite target of trash talk from Harley-Davidson ( HOG ) riders. Harley riders call Indian bikes glorified snowmobiles (a nod to its former parent, Polaris), while Indian riders say Harley-Davidson ( HOG ) is being run by a pizza guy (Artie Starr was actually Global CEO of Pizza Hut). But t...
Hello World/DigitalVision via Getty Images Within the motorcycle community, Indian bikers have long been a favorite target of trash talk from Harley-Davidson ( HOG ) riders. Harley riders call Indian bikes glorified snowmobiles (a nod to its former parent, Polaris), while Indian riders say Harley-Davidson ( HOG ) is being run by a pizza guy (Artie Starr was actually Global CEO of Pizza Hut). But the mostly good-natured jabbing has turned more hostile as the two sides engage in public relations campaigns to burnish their reputations and achieve dominance in the $79B motorcycle industry. Despite their long-running rivalry, Indian Motorcycle and Harley-Davidson ( HOG ) remain two of America's oldest and most iconic brands, each representing a rich legacy of entrepreneurship, innovation, and engineering excellence. Founded at the start of the 20th century, they were the only U.S. motorcycle manufacturers to survive the Great Depression. Indian got its start as the Hendee Manufacturing Company, a bicycle production company founded by George Hendee and Oscar Hedstrom in Springfield, Massachusetts. The first, single-cylinder, 1.75-horsepower motorcycle eventually morphed into the modern Scout with a liquid-cooled, 60-inch V-twin, 111 cubic inch Thunder Stroke engine with 105 horsepower. William S. Harley and brothers Arthur and Walter Davidson made the first motorized bicycle in a Milwaukee shed, eventually growing the business into a $2.7B multinational corporation with more than 5,000 employees and 20 unique models. The century-long rivalry was rekindled recently when MMA fighter Sean Strickland called Harley “woke and gay” and pledged allegiance to Indian. This triggered a deluge of social media posts against Harley, culminating in a joint post with Indian and Strickland showing Strickland riding off on an Indian motorcycle. The new owner of Indian Motorcycle, Carolwood, accelerated the “Indian vs. Harley” campaign and orchestrated a culture war by hiring a public relat...
Comparing Vanguard S&P 500 ETF (NYSEMKT:VOO) to State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) reveals two nearly identical portfolios where the primary distinctions are expense ratios and fund management structures. Both funds serve as foundational building blocks for long-term investors by tracking the S&P 500 Index, which covers approximately 80% of U.S. market capitalization. While they hol...
Comparing Vanguard S&P 500 ETF (NYSEMKT:VOO) to State Street SPDR S&P 500 ETF Trust (NYSEMKT:SPY) reveals two nearly identical portfolios where the primary distinctions are expense ratios and fund management structures. Both funds serve as foundational building blocks for long-term investors by tracking the S&P 500 Index, which covers approximately 80% of U.S. market capitalization. While they hold the same basket of large-cap American companies, their costs and historical liquidity profiles differ slightly, making the Vanguard fund potentially more attractive for long-term buy-and-hold strategies, whereas the State Street trust remains a primary vehicle for high-volume institutional traders. The Vanguard fund is more affordable for retail investors with an expense ratio of 0.03%, compared to 0.09% for the SPDR trust. While this 0.06 percentage point gap may seem negligible in the short term, it can compound over decades for investors with significant capital. Continue reading
(RTTNews) - The Canadian market remains firmly up in positive territory Friday afternoon thanks largely to strong gains in materials stocks. Several stocks from real estate, consumer discretionary and financials sectors too are up with impressive gains.
(RTTNews) - The Canadian market remains firmly up in positive territory Friday afternoon thanks largely to strong gains in materials stocks. Several stocks from real estate, consumer discretionary and financials sectors too are up with impressive gains.
Investors will watch what happens next with SpaceX , now that its initial public offering is behind it. SpaceX is already being lauded as a success after making its debut on the Nasdaq, opening at $150 per share after an IPO price of $135 a share. It was last at $167 per share, after rallying more than 20%. Whether SpaceX can maintain its momentum in the coming days will be telling. IPOs are notor...
Investors will watch what happens next with SpaceX , now that its initial public offering is behind it. SpaceX is already being lauded as a success after making its debut on the Nasdaq, opening at $150 per share after an IPO price of $135 a share. It was last at $167 per share, after rallying more than 20%. Whether SpaceX can maintain its momentum in the coming days will be telling. IPOs are notoriously volatile, and where a stock starts out is not necessarily reflective of future performance. Facebook-parent Meta's IPO, for example, was panned as a debacle, and the stock took more than a year to recover its debut price. More recently, Cerebras Systems , which was the biggest IPO this year up until SpaceX, shot up 68% in its Nasdaq debut last month, but has since come down sharply. But the early enthusiasm is promising. Demand heading into the SpaceX IPO was reportedly four times oversubscribed, a sign that more investors will want a piece of the stock in the coming days and weeks. SpaceX, which has yet to trade for a full session, is set to enter the Nasdaq-100 alongside other indexes 15 trading days after its debut. A bona fide frenzy of options contracts are also set to roll out in the coming days to accommodate the massive retail demand for the rocket maker, also adding to the volatility. "We have to watch the aftermarket," said Jay Woods, chief market strategist at Freedom Capital Markets. "Watch the end of the day Friday, and watch how we trade Monday, Tuesday, Wednesday." Stock churn If the SpaceX debut can keep alive animal spirits on the Street, that could bode well for the tech trade. Semiconductors have posted drastic moves up and down this month that were at least partly attributed to the massive need for liquidity ahead of the IPO. The iShares Semiconductor ETF (SOXX) is set to end the week up more than 11%, after tumbling nearly 6% the prior week. Wolfe Research's Rob Ginsberg noted on Thursday that chip stocks have never crossed below the 21-day suppo...
France’s winter soft wheat and barley yields appear slightly better than last season despite adverse weather, according to Benoit Pietrement , president of industry group Intercereales. Soft wheat yields are expected to be between 7.2 and 7.4 metric tons per hectare, which is in line with the average for good years, Pietrement said on the sidelines of the Paris Commodities Exchange conference. The...
France’s winter soft wheat and barley yields appear slightly better than last season despite adverse weather, according to Benoit Pietrement , president of industry group Intercereales. Soft wheat yields are expected to be between 7.2 and 7.4 metric tons per hectare, which is in line with the average for good years, Pietrement said on the sidelines of the Paris Commodities Exchange conference. The harvest is expected to start earlier than average again this year, he said. French soft wheat conditions improved slightly in the week to June 8 as rain and cooler temperatures replaced a period of heat during May. Farmers, who have battled extreme weather in recent years, have also struggled with the hike in fuel and fertilizer prices due to the disruptions caused by the conflict in the Middle East. “I was a little concerned about protein levels, but farmers generally did their part and applied fertilizer in the end,” Pietrement said at the event organized by Agro Paris Bourse. Financial Struggles This will be the fourth consecutive year in which farmers have struggled financially because of high energy and fertilizer costs, he said. Planted acreage declined again this year, and farmers are seeing “fewer wheat ears per square meter this year, though they are very well-filled and were pollinated very successfully,” he said. Sowing conditions during winter were “excellent” and May’s heat wave doesn’t seem to have reduced wheat grain weights, as hot days occurred during the flowering period, Pietrement said. “I was worried that pollination might be affected, but in fact things went quite well, so the grains have formed properly,” he said. There have been no significant disease problems, thanks to the dry conditions at the beginning of the season, Pietrement said.
Medical science's capabilities are catching up with what it knows about the genomics of disease. J&J just made sure it's better equipped to utilize the industry's newest capabilities.
Medical science's capabilities are catching up with what it knows about the genomics of disease. J&J just made sure it's better equipped to utilize the industry's newest capabilities.
ThorstenSchmitt/iStock via Getty Images While an agreement with Iran to end hostilities in the Middle East appears to be imminent , a Trump administration official says one item that still needs to be worked out is how the country will remove its stash of enriched uranium. That official told CNBC that while Iran has committed to the removal, it could take some time to figure out the details of how...
ThorstenSchmitt/iStock via Getty Images While an agreement with Iran to end hostilities in the Middle East appears to be imminent , a Trump administration official says one item that still needs to be worked out is how the country will remove its stash of enriched uranium. That official told CNBC that while Iran has committed to the removal, it could take some time to figure out the details of how it will do so. The individual, who requested anonymity, added that while a deal signing is not 100% certain, the odds are now at " probably more like 80-85% now." In an X post Friday, Pakistani Prime Minister Shehbaz Sharif wrote " we can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to finalize the next steps. Peace has never been this close as it is now." In Friday afternoon trading, Crude Oil Futures ( CL1:COM ) were down 3.2% to $84.90 a barrel at press time, while Brent Futures ( CO1:COM ) were down 3.4% to $87.34/barrel. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on markets A Short-Term Liquidity Boost May Be Coming To Markets U.S. Sentiment Underlines K-Shaped Consumer Strife Kevin Warsh Navigates A Hawkish Fed Shift U.S. equities are higher as traders focus on the SpaceX IPO Trump accuses Iran of 'dishonorable' conduct over leaked deal terms
US president dismisses Iranian media reports agreement is close, despite earlier suggesting a deal could be signed this weekend Middle East crisis – live updates Prospects for an immediate end to the war between Iran and the US remained uncertain on Friday amid a chaotic series of conflicting claims and counter-claims by US and Iranian officials about ongoing negotiations. Donald Trump seemed to d...
US president dismisses Iranian media reports agreement is close, despite earlier suggesting a deal could be signed this weekend Middle East crisis – live updates Prospects for an immediate end to the war between Iran and the US remained uncertain on Friday amid a chaotic series of conflicting claims and counter-claims by US and Iranian officials about ongoing negotiations. Donald Trump seemed to distance himself from his earlier comments that suggested a preliminary agreement could be signed as soon as this weekend, with a series of angry social media posts describing the Iranians as “very dishonorable people to deal with”. Continue reading...
The three biggest U.S. oil majors are sending mixed signals at current prices: Chevron (NYSE:CVX) at $185.82 looks constructive, Exxon Mobil (NYSE:XOM) at $146.60 looks constructive, and Occidental Petroleum (NYSE:OXY) at $55.47 warrants patience. A WTI spike to $114.58/bbl in April and a still-elevated $95.00/bbl print in early June have reset the math for every ... 3 Biggest Oil Giants: Buy, Sel...
The three biggest U.S. oil majors are sending mixed signals at current prices: Chevron (NYSE:CVX) at $185.82 looks constructive, Exxon Mobil (NYSE:XOM) at $146.60 looks constructive, and Occidental Petroleum (NYSE:OXY) at $55.47 warrants patience. A WTI spike to $114.58/bbl in April and a still-elevated $95.00/bbl print in early June have reset the math for every ... 3 Biggest Oil Giants: Buy, Sell or Hold?
Microsoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as a wholly owned subsidiary, The Information reported on Friday, citing three people with direct knowledge of the discussions. The Windows maker is also weighing options such as creating a joint venture with other partners as it prepares to overhaul the unit, which could make the ga...
Microsoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as a wholly owned subsidiary, The Information reported on Friday, citing three people with direct knowledge of the discussions. The Windows maker is also weighing options such as creating a joint venture with other partners as it prepares to overhaul the unit, which could make the gaming business easier to sell, the report said. While no restructuring is imminent, all of the options remain on the table, The Information reported.