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.
Yuan-denominated loans increased by 9.11 trillion yuan in the first five months of 2026, down 157 million yuan from the same period last year. Photo: IC China’s new bank loans returned to positive growth in May, beating market expectations, as a surge in corporate bill financing offset persistent weakness in household borrowing. Aggregate financing and new yuan loans both exceeded average forecast...
Yuan-denominated loans increased by 9.11 trillion yuan in the first five months of 2026, down 157 million yuan from the same period last year. Photo: IC China’s new bank loans returned to positive growth in May, beating market expectations, as a surge in corporate bill financing offset persistent weakness in household borrowing. Aggregate financing and new yuan loans both exceeded average forecasts after an unexpected slump in April, according to data released Friday by the People’s Bank of China. New yuan loans totaled about 520 billion yuan ($76.5 billion), while total social financing, a broad measure of credit and liquidity in the economy, expanded by 2 trillion yuan in May.
RudyBalasko/iStock via Getty Images Apollo Global Management ( APO ) has picked Austin, Texas, as the site of its second headquarters over Miami and Palm Beach, two sources briefed on the matter told the Financial Times . In March, the New York-based private capital giant was said to be planning a second headquarters, reflecting a broader shift among financial firms expanding into lower-cost regio...
RudyBalasko/iStock via Getty Images Apollo Global Management ( APO ) has picked Austin, Texas, as the site of its second headquarters over Miami and Palm Beach, two sources briefed on the matter told the Financial Times . In March, the New York-based private capital giant was said to be planning a second headquarters, reflecting a broader shift among financial firms expanding into lower-cost regions. The company had said the decision was tied to accessing a wider talent pool and positioning the firm for long-term expansion beyond traditional financial hubs. Apollo had reportedly conducted an internal survey to decide between Palm Beach, Miami, Nashville, and Austin. The new site is expected to house a bulk of its new hires, but the decision is still subject to change, according to some of the sources. JPMorgan Chase ( JPM ) and Goldman Sachs ( GS ) have also recently built offices in Texas, the report noted. Notably, the number of employees at Apollo has more than doubled from 2020 to over 4,000, according to its most recent annual report. More on Apollo Global Management Apollo Global Management, Inc. (APO) Presents at Morgan Stanley US Financials Conference 2026 Transcript Apollo Global Is Attractive Despite Private Credit Headlines Apollo Global Management, Inc. (APO) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript Apollo, Blackstone finalize $35B private credit deal to power Anthropic's AI expansion - report Apollo withdraws $2B bid for UK's Bodycote; stock dips 10%
Gabbard Rescinds Intelligence Committee Reports On Mysterious Syndrome Authored by Zachary Stieber via The Epoch Times, Outgoing Director of National Intelligence Tulsi Gabbard has retracted intelligence community reports on mysterious health problems known as Havana Syndrome, according to a memorandum released on June 11. Gabbard found that the intelligence community assessments of the anomalous ...
Gabbard Rescinds Intelligence Committee Reports On Mysterious Syndrome Authored by Zachary Stieber via The Epoch Times, Outgoing Director of National Intelligence Tulsi Gabbard has retracted intelligence community reports on mysterious health problems known as Havana Syndrome, according to a memorandum released on June 11. Gabbard found that the intelligence community assessments of the anomalous health incidents, released in 2023 and 2025, failed to meet the community’s analytic standards. That included selectively excluding intelligence and evidence that did not support the conclusions and relying on an “ethically flawed medical study without noting methodological critiques,” Gabbard’s office said in the memo, sent to members of Congress. The 2023 assessment concluded it was very unlikely that a foreign adversary was behind the incidents, which have impacted staffers in countries such as Cuba and China. The updated assessment released in 2025 said most intelligence agencies still held it was very unlikely an enemy was responsible for the syndrome, but two components judged there was a “roughly even chance” that a foreign actor had used a novel weapon to target Americans, or had developed such a weapon. Gabbard’s team said future assessments on the matter would adhere to “rigorous ethical standards incorporating all available intelligence sources and engaging a broad range of experts from agencies including the CIA.” Rep. Rick Crawford (R-Ark.), the former chairman of the House Permanent Select Committee on Intelligence CIA Subcommittee, who has criticized the government reports, praised the new development. “The assessment was deliberately manufactured and used to discredit some of our nation’s bravest and impede their access to medical care. As was the case with other high-visibility intelligence assessments, it fell far short of analytic integrity standards,” Crawford wrote in a post on X. He added that the retractions were “a glimmer of hope for our nation’s in...
State Street SPDR Portfolio Developed World ex-US ETF (NYSEMKT:SPDW) provides low-cost exposure to mature international economies, while Schwab Emerging Markets Equity ETF (NYSEMKT:SCHE) focuses on faster-growing but often more volatile emerging markets. Investors seeking to diversify away from domestic stocks often look to international funds to balance their portfolios. Here, we’re evaluating tw...
State Street SPDR Portfolio Developed World ex-US ETF (NYSEMKT:SPDW) provides low-cost exposure to mature international economies, while Schwab Emerging Markets Equity ETF (NYSEMKT:SCHE) focuses on faster-growing but often more volatile emerging markets. Investors seeking to diversify away from domestic stocks often look to international funds to balance their portfolios. Here, we’re evaluating two distinct approaches to global investing: the SPDR fund, which tracks developed economies like Japan and the United Kingdom, and the Schwab fund, which targets developing nations such as China and India. Both ETFs serve as foundational building blocks, yet they provide access to very different economic cycles and geopolitical risks. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Dmitry Vinogradov/iStock Editorial via Getty Images Lisa Vanderpump's Vanderpump Hotel, located at the center of the Las Vegas Strip, opened this week. Caesars Entertainment ( CZR ) is considered the owner and operator of the 188‑room boutique property, while Vanderpump is the branding and creative partner. The hotel tower across from Caesars Palace has historically operated as a boutique casino (...
Dmitry Vinogradov/iStock Editorial via Getty Images Lisa Vanderpump's Vanderpump Hotel, located at the center of the Las Vegas Strip, opened this week. Caesars Entertainment ( CZR ) is considered the owner and operator of the 188‑room boutique property, while Vanderpump is the branding and creative partner. The hotel tower across from Caesars Palace has historically operated as a boutique casino (Barbary Coast, Bill’s Gambling Hall, then The Cromwell) before its latest transition. The property is a redesign of the The Cromwell at Las Vegas Boulevard and Flamingo Road. Notably, the property represents her first full-scale move from restaurants into hotel branding. The guest rooms were designed by Vanderpump and long-time collaborator Nick Alain, using moss‑green and dusty lilac palettes, mixed metals, and reflective finishes to create a mood of soft glamour and what Caesars describes as a “calming escape” a few steps from the gaming floor. Custom furniture and lighting from their Vanderpump Alain line run through the rooms, reception, gaming areas, and a new lounge, making the hotel an integrated showcase of her design brand rather than just a celebrity nameplate. Lisa Vanderpump's collection of celebrated venues includes Vanderpump Cocktail Garden at Caesars Palace, Vanderpump à Paris at Paris Las Vegas, and the recently opened Pinky’s by Vanderpump at Flamingo Las Vegas, located just steps from The Vanderpump Hotel. Beyond Las Vegas, she continues to grow her hospitality brand with popular destinations such as Wolf by Vanderpump at Caesars Republic Lake Tahoe and, most recently, Wolf by Vanderpump at Caesars Republic Scottsdale, alongside her successful ventures in wine, spirits, and lifestyle entertainment. More on Caesars Entertainment Caesars: Acquisition Implications And Antitrust Review Caesars Entertainment: Fertitta's Buyout Is Fair But Unrewarding Caesars Entertainment: Potential Sale On The Way? The Las Vegas Strip records its third straight month of gamin...
It’s fitting that the largest IPO ever debuted on a day that Wall Street was back chasing momentum stocks. The S&P 500 was up 0.5%. The Nasdaq was up 0.4%. The Dow was up 384 points, or 0.8%. SpaceX stock was up 27% to $170.
It’s fitting that the largest IPO ever debuted on a day that Wall Street was back chasing momentum stocks. The S&P 500 was up 0.5%. The Nasdaq was up 0.4%. The Dow was up 384 points, or 0.8%. SpaceX stock was up 27% to $170.
SpaceX ( SPCX ) is poised to more than triple its revenue over the next two years, according to Matt Kennedy, senior IPO market strategist at Renaissance Capital. Kennedy said the projected growth, driven primarily by artificial intelligence infrastructure and the company's Starlink connectivity business, could ultimately justify the company's $1.75T valuation. "We're expecting it to more than tri...
SpaceX ( SPCX ) is poised to more than triple its revenue over the next two years, according to Matt Kennedy, senior IPO market strategist at Renaissance Capital. Kennedy said the projected growth, driven primarily by artificial intelligence infrastructure and the company's Starlink connectivity business, could ultimately justify the company's $1.75T valuation. "We're expecting it to more than triple revenue in the next two years. That would give us more confidence in this valuation," Kennedy said in an interview with Bloomberg Television. While acknowledging that SpaceX ( SPCX ) saw only 15% revenue growth in the first quarter, Kennedy emphasized that the company is "not going public off of its most recent quarter. It's going public off of what it can do in the next few years." The strategist pointed to several factors driving the anticipated revenue surge, including deals with Google ( GOOGL ), ( GOOG ), and Anthropic ( ANTHRO ), continued growth in Starlink's connectivity services, and progress on the Starship rocket program. "Most of the revenue is going to come from the AI side likely," Kennedy noted, while adding that "Starship V4 is really going to be that keystone to the company's plans with connectivity drawing the most EBITDA in the near term." Kennedy acknowledged that valuing SpaceX ( SPCX ) requires looking further into the future than analysts typically prefer. "We're not usually going out to 2029-2030 numbers, but you kind of have to," he said. "This feels almost more like a trillion-dollar venture investment." Despite the unconventional valuation approach, Kennedy expressed confidence in the company's positioning. He noted that SpaceX's ( SPCX ) AI business is reaching an inflection point after years of heavy capital expenditure and that broader industry trends—including Google ( GOOGL ), ( GOOG ) raising billions to build data centers—validate the infrastructure play. "I think they're in the right space," he said. When asked about the company's mass...
July NY world sugar #11 (SBN26 ) today is down -0.06 (-0.44%), and Aug London ICE white sugar #5 (SWQ26 ) is down -1.40 (-0.31%). Sugar prices are trading lower today, with NY sugar falling to a 7-week low. Sugar prices are seeing downward pressure from today’s slightly stronger dollar...
July NY world sugar #11 (SBN26 ) today is down -0.06 (-0.44%), and Aug London ICE white sugar #5 (SWQ26 ) is down -1.40 (-0.31%). Sugar prices are trading lower today, with NY sugar falling to a 7-week low. Sugar prices are seeing downward pressure from today’s slightly stronger dollar...