Taylor Swift and Timothée Chalamet lead the charge in blue and orange, as courtside style hits a ‘memeable’ peak The World Cup may have kicked off in the US this week, but America’s attention is focused on a different sport: basketball. The NBA finals could end this weekend, with the New York Knicks potentially becoming champions for the first time since 1973. And with Knicks fever comes fan style...
Taylor Swift and Timothée Chalamet lead the charge in blue and orange, as courtside style hits a ‘memeable’ peak The World Cup may have kicked off in the US this week, but America’s attention is focused on a different sport: basketball. The NBA finals could end this weekend, with the New York Knicks potentially becoming champions for the first time since 1973. And with Knicks fever comes fan style, especially courtside, where celebrities have been showing their support in different ways. For Wednesday’s Game 4 , won by the Knicks, Taylor Swift and Este and Alana Haim all wore T-shirts in the blue and orange of the Knicks with their own Knicks-related pop culture pun: Swift’s read “Stevie Knicks”, while Este’s said “Knickeback” and Alana’s read “Knickole Kidman”. This was not shop merch. Vogue reported that Alana had made the T-shirts herself. Continue reading...
CAs of midday, the S&P 500 (SNPINDEX:^GSPC) rose 0.12% to 7,403.38, the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 0.36% to 25,716.64 as SpaceX ’s (NASDAQ: SPCX) IPO kept risk appetite elevated in a volatile morning of trading. The IPO kept risk appetite elevated in a volatile morning of trading. The Dow Jones Industrial Average (DJINDICES:^DJI) climbed 0.38% to 51,040.07 as oil slid amid growin...
CAs of midday, the S&P 500 (SNPINDEX:^GSPC) rose 0.12% to 7,403.38, the Nasdaq Composite (NASDAQINDEX:^IXIC) dropped 0.36% to 25,716.64 as SpaceX ’s (NASDAQ: SPCX) IPO kept risk appetite elevated in a volatile morning of trading. The IPO kept risk appetite elevated in a volatile morning of trading. The Dow Jones Industrial Average (DJINDICES:^DJI) climbed 0.38% to 51,040.07 as oil slid amid growing Iran peace deal hopes. Artificial intelligence (AI) infrastructure and cloud names had a volatile morning as the SpaceX IPO rocked the Nasdaq. At midday, the stock had surged almost 20% to $161.33 just hours after listing. Tech giants, Nvidia , Apple , Microsoft , and Broadcom all slipped as the mega-IPO pressured the market. The SpaceX IPO took center stage as the $75 billion offering entered the history books. Initial trading in the space-AI-communications firm showed strong demand, though some investors are skeptical that a loss-making company warrants such a high valuation. Continue reading
So I guess I was both right and right about the SpaceX (NASDAQ: SPCX) IPO. Right, when I predicted SpaceX IPO fever might drive space stocks higher this year. Indeed, shares of spy satellite operator Planet Labs (NYSE: PL) are up 38% over the last four months. Unfortunately, I was also right about what would happen on IPO day. And this, in a nutshell, is why Planet Labs stock fell 9% through 12:50...
So I guess I was both right and right about the SpaceX (NASDAQ: SPCX) IPO. Right, when I predicted SpaceX IPO fever might drive space stocks higher this year. Indeed, shares of spy satellite operator Planet Labs (NYSE: PL) are up 38% over the last four months. Unfortunately, I was also right about what would happen on IPO day. And this, in a nutshell, is why Planet Labs stock fell 9% through 12:50 p.m. ET today. Continue reading
Shares of SpaceX traded around the middle of Friday's price range, as the most hyped IPO in years finally arrived in the broad stock market and immediately became one of the largest companies in the world. With Friday's gains, SpaceX is now valued above $2 trillion. CEO Musk owns 46% of the company, which includes the Starlink satellite internet services, X social media and xAI, Musk's artificial ...
Shares of SpaceX traded around the middle of Friday's price range, as the most hyped IPO in years finally arrived in the broad stock market and immediately became one of the largest companies in the world. With Friday's gains, SpaceX is now valued above $2 trillion. CEO Musk owns 46% of the company, which includes the Starlink satellite internet services, X social media and xAI, Musk's artificial intelligence business.
Pakistan's Prime Minister Shehbaz Sharif arrives for a meeting with Chinese President Xi Jinping at the Great Hall of the People, in Beijing, China May 25, 2026. Tingshu Wang | Reuters Pakistani Prime Minister Shehbaz Sharif on Friday said that a "final, agreed upon text" of a deal between the U.S. and Iran "has been reached." Pakistan, which has acted as a mediator between the two countries throu...
Pakistan's Prime Minister Shehbaz Sharif arrives for a meeting with Chinese President Xi Jinping at the Great Hall of the People, in Beijing, China May 25, 2026. Tingshu Wang | Reuters Pakistani Prime Minister Shehbaz Sharif on Friday said that a "final, agreed upon text" of a deal between the U.S. and Iran "has been reached." Pakistan, which has acted as a mediator between the two countries throughout their war, "is now working closely with both sides to finalize the next steps," Sharif said in an X post. "Peace has never been this close as it is now," he wrote. Sharif's announcement aligned with those of other officials, including President Donald Trump , who have said that a deal to end the more-than-three-month-old war is closer to completion than ever. Trump said in the Oval Office on Thursday afternoon that the U.S. had "just made a great settlement of the war with Iran," subject to the "finalization of documents." Iranian Foreign Minister Abbas Araghchi wrote on X prior to Sharif's post that a preliminary deal with the U.S., known as a memorandum of understanding, "has never been closer." All three officials have also pushed back on information that has been shared publicly about the contents of the apparently forthcoming deal. Iran's Mehr News Agency earlier Friday reported 14 purported provisions in the draft deal, including commitments from the U.S. to lift oil sanctions, end its Naval blockade and release Iran's frozen funds. Trump wrote in an angry Truth Social post later Friday morning that the public reporting about the deal has "NOTHING to do with the terms that were agreed to, in writing." This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Hi everyone. Today we’re talking to the director of one of next year’s most promising games, but first... This week’s top gaming news: Big layoffs are coming to Microsoft Corp.’s Xbox as new CEO Asha Sharma makes her mark Roblox Corp. wants child-abuse cases moved out of court and into private arbitration Nintendo Co. shares slid following a showcase of new games , including a remake of The Legend...
Hi everyone. Today we’re talking to the director of one of next year’s most promising games, but first... This week’s top gaming news: Big layoffs are coming to Microsoft Corp.’s Xbox as new CEO Asha Sharma makes her mark Roblox Corp. wants child-abuse cases moved out of court and into private arbitration Nintendo Co. shares slid following a showcase of new games , including a remake of The Legend of Zelda: Ocarina of Time Development Revelations Last week at Summer Game Fest, Square Enix Holdings Co. revealed Final Fantasy VII Revelation , the conclusion to a trilogy of games that remakes the 1997 classic Final Fantasy VII for a modern era. The big surprise? It’s coming out in the spring of 2027, just three years after the release of the second entry, Final Fantasy VII Rebirth . Three years is speedy by the modern standards of the video-game industry, in which many productions take half a decade or longer to finish . Naoki Hamaguchi, the trilogy’s director, attributes Revelation ’s abridged timeline to a strong vision and a team that has worked together for years. He says 95% of developers from Rebirth stuck around for the finale. Staff retention helps explain the success of the Final Fantasy VII remake trilogy. The first game, called Final Fantasy VII Remake , was released in April 2020, and its sequel, Final Fantasy VII Rebirth , followed in February 2024. Both games have sold millions of copies and have been acclaimed by critics and fans. During a wide-ranging interview in Los Angeles last weekend, Hamaguchi also spoke about implementing Final Fantasy VII ’s classic airship, the Highwind, which lets you soar around the game’s world. He talked about the new job system, how he kept the name Revelation secret even from his own staff and his plans once the third game is finished. This interview was conducted through a Square Enix interpreter and has been edited for clarity and brevity . Let’s go back in time a little bit. Did you guys start working on Revelation bef...
The K-Shaped Economy: Why The Middle Class Moved Up Authored by Lance Roberts via RealInvestmentAdvice.com, The K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind. It fits the mood, and it makes for a sharp headline. The problem is that it’s mostly wrong. When you pull the actual Census data, the dominant move of the last half-century isn’t ...
The K-Shaped Economy: Why The Middle Class Moved Up Authored by Lance Roberts via RealInvestmentAdvice.com, The K-shaped economy has become shorthand for a tidy story. The rich pull away while everyone else falls behind. It fits the mood, and it makes for a sharp headline. The problem is that it’s mostly wrong. When you pull the actual Census data, the dominant move of the last half-century isn’t down. It’s up. Yes, the middle class is shrinking. But it’s shrinking because millions of households climbed into higher brackets, not because they slid into poverty . The real divide lies elsewhere, and most of the coverage walks right past it. Let’s start with what the term “K-shaped” means, because the label gets stretched to cover almost everything. A K-shaped economy is one where different parts move in opposite directions at the same time. One arm rises with high incomes, corporate profits, and asset values. The other arm stalls with low-wage work, thin savings, and shuttered small businesses. The phrase caught fire after the 2020 shutdown, when high-skill workers shifted to remote work while service jobs vanished overnight. As a description of that moment, it was accurate. The shutdown hit restaurants, travel, and personal services hardest, and those jobs are inherently lower-wage. Meanwhile, technology, finance, and professional services barely missed a beat. So far, so good. The trouble starts when the K gets applied to the entire arc of American incomes over the last five decades. That’s where the story breaks down. The Middle Class Didn’t Collapse. It Climbed. Notice the chart above. In 1967, about 54.6% of U.S. households sat in the middle-income band, earning between $35,000 and $100,000 in 2022 dollars. By 2022, that share had fallen to 39.1%. On its face, that looks exactly like the disappearing middle class everyone talks about. But follow where they went. Over the same stretch, the share of households earning $100,000 or more nearly tripled, climbing from 1...
Readers respond to nights of rioting in the city fuelled by anti-migrant rhetoric I agree with John Harris’s analysis ( Cars burn in Belfast, bricks fly in Southampton – and the ubiquitous cry of ‘civil war’ goes up again, 10 June ). He misses one obvious point, though. Since the election of the first Thatcher government in 1979, there has been a continuous attack on the rights and living standard...
Readers respond to nights of rioting in the city fuelled by anti-migrant rhetoric I agree with John Harris’s analysis ( Cars burn in Belfast, bricks fly in Southampton – and the ubiquitous cry of ‘civil war’ goes up again, 10 June ). He misses one obvious point, though. Since the election of the first Thatcher government in 1979, there has been a continuous attack on the rights and living standards of working-class people, such that we are now seeing a decline in healthy life expectancy for the poorest in the UK. We might think of this as a civil war which only one side is waging. Because the language of class has been erased from our politics, the “white working class” only hear themselves being spoken about when Nigel Farage or Stephen Yaxley-Lennon tell them how the system has failed them. Continue reading...
Readers respond to an article by Jonathan Freedland about our entire political and cultural landscape being shaped by the referendum Jonathan Freedland is right to highlight the disastrous role played by David Cameron and George Osborne in using the prospect of an in/out referendum to garner votes in the 2015 election, with a view to dropping it if the expected coalition with the Lib Dems emerged ...
Readers respond to an article by Jonathan Freedland about our entire political and cultural landscape being shaped by the referendum Jonathan Freedland is right to highlight the disastrous role played by David Cameron and George Osborne in using the prospect of an in/out referendum to garner votes in the 2015 election, with a view to dropping it if the expected coalition with the Lib Dems emerged ( Britain is a swamp of lies and disinformation – and we got here on the Brexit bus, 5 June ). But even their win with a majority did not necessitate the calamity the country suffered. They could have kept their referendum commitment, but demanded that those proposing leave come up with a model for it to be put to the electorate as the “out” option. Continue reading...
Letter writers challenge what appears and what doesn’t Alex Clark writes that The Lord of the Rings “is, strictly speaking, a trilogy” ( Move over Middlemarch! Readers’ top 100 novels, 6 June ). Strictly speaking, it isn’t a trilogy but a single work of fiction originally published in three volumes for practical reasons. None of the three volumes can stand alone. Compare, for example, the late Dav...
Letter writers challenge what appears and what doesn’t Alex Clark writes that The Lord of the Rings “is, strictly speaking, a trilogy” ( Move over Middlemarch! Readers’ top 100 novels, 6 June ). Strictly speaking, it isn’t a trilogy but a single work of fiction originally published in three volumes for practical reasons. None of the three volumes can stand alone. Compare, for example, the late David Lodge’s Changing Places, Small World, and Nice Work – a proper (and still sharply entertaining) “campus” trilogy. Prof Chris Walsh Hawarden, Flintshire • Critics should read Bleak House in full before condemning it as miserable: the demise of Mr Krook by spontaneous human combustion must be one of the most darkly hilarious scenes in 19th-century literature, concluding with an appropriate warning from Dickens for contemporary corrupt administrations. Noel Kavanagh Cambridge Continue reading...
The origins of the English nation long preceded the Anglo-Saxons, says Rev Dr Richard Cleaves. Plus a letter from George Nicholson Rev Dr John Caperon, writing about the Bayeux tapestry’s visit to Britain, appears to think that “the real origins of the English nation” lie in the “pre-1066 Anglo-Saxon culture” ( Letters, 9 June ). This is utterly outrageous. A little respect is due to the Danelaw a...
The origins of the English nation long preceded the Anglo-Saxons, says Rev Dr Richard Cleaves. Plus a letter from George Nicholson Rev Dr John Caperon, writing about the Bayeux tapestry’s visit to Britain, appears to think that “the real origins of the English nation” lie in the “pre-1066 Anglo-Saxon culture” ( Letters, 9 June ). This is utterly outrageous. A little respect is due to the Danelaw and the Vikings, to the Celts of the fifth, sixth and seventh centuries, to the continental, Middle Eastern and north African Roman occupiers, and to the iron-age Celts. Continue reading...
In this article UFO JEDI Follow your favorite stocks CREATE FREE ACCOUNT SpaceX launches their IPO at the Nasdaq in New York City on June 12th, 2026. Adam Jeffery | CNBC There ain't nothing like the real thing. SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering , are unwinding gains. Some look like they have more potential for a rebound tha...
In this article UFO JEDI Follow your favorite stocks CREATE FREE ACCOUNT SpaceX launches their IPO at the Nasdaq in New York City on June 12th, 2026. Adam Jeffery | CNBC There ain't nothing like the real thing. SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering , are unwinding gains. Some look like they have more potential for a rebound than others. Shares of EchoStar , the Colorado-based networking business that owns an estimated 3% of SpaceX stock, reversed and dropped 14%. AST Spacemobile , whose satellites are expected to launch on a SpaceX rocket next week, fell nearly 13%. Virgin Galactic Holdings , completely reversed Thursday's big gain with a 34% loss. Options traders look unfazed: Calls outnumbered puts in all three names, with AST the most popular, trading more than 250,000 contracts for more than $60 million in premium. More than twice as many calls were bought than puts Friday morning. "There's a ton of short-dated call buying in these names as a way to get long SpaceX," Danny Kirsch, head of options trading at Piper Sandler, said by phone. "I have no doubt part of it is retail demand but there is definitely institutional demand for SATS." EchoStar shares were higher by another 5% in early trading Friday. AST SpaceMobile was also trading higher at the time. Concurrent demand for exchange traded funds that target the space category is also creating a bottleneck of supply that's helping keep prices for the proxy plays elevated, according to Cory Johnson, chief market strategist of San Francisco-based Epistrophy Capital Research. ETFs like the Procure Space ETF (UFO) and the Defiance Drone and Modern Warfare ETF (JEDI) both own shares of ASTS. UFO is up 38% in 2026, while JEDI is up around 33%. "People who can't buy SpaceX or didn't think they could get enough quick enough, have been plowing money into these ETFs and so these funds are having to buy shares of AST, EchoStar, Spire, et cetera," Johnso...
Here’s a 30,000-foot view on practical ways to protect your investing capital and gain a real edge over the house in a stock market designed to keep you glued to the slots instead of growing your wealth.
Here’s a 30,000-foot view on practical ways to protect your investing capital and gain a real edge over the house in a stock market designed to keep you glued to the slots instead of growing your wealth.
Our POET Technologies (NASDAQ:POET) call is straightforward: the stock could nearly double from here over the next 12 months. With shares trading at $11.25 after a sharp pullback, our 24/7 Wall St. price target for POET is $22.49, implying 99.91% upside. We rate POET a buy with 50% model confidence, a moderate conviction level that ... Will Poet Technologies Stock Double This Year?
Our POET Technologies (NASDAQ:POET) call is straightforward: the stock could nearly double from here over the next 12 months. With shares trading at $11.25 after a sharp pullback, our 24/7 Wall St. price target for POET is $22.49, implying 99.91% upside. We rate POET a buy with 50% model confidence, a moderate conviction level that ... Will Poet Technologies Stock Double This Year?
The Invesco Aerospace & Defense ETF (NYSEMKT:PPA) offers a lower-cost, lower-volatility approach to defense than the ARK Space & Defense Innovation ETF (NYSEMKT:ARKX) , which prioritizes high-growth technology companies disrupting the space sector. Both funds target the expanding aerospace and defense industries but take fundamentally different paths. While ARKX actively hunts for disruptive innov...
The Invesco Aerospace & Defense ETF (NYSEMKT:PPA) offers a lower-cost, lower-volatility approach to defense than the ARK Space & Defense Innovation ETF (NYSEMKT:ARKX) , which prioritizes high-growth technology companies disrupting the space sector. Both funds target the expanding aerospace and defense industries but take fundamentally different paths. While ARKX actively hunts for disruptive innovation across space exploration and orbital technologies, PPA follows a more established index-based strategy, favoring traditional U.S. defense contractors and homeland security firms that provide a more stable market profile. 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
NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD) both reported earnings in May, and the contrast says everything about today’s AI hardware market. NVIDIA posted a $81.6 billion quarter built on Blackwell dominance. AMD posted $10.25 billion, with the Meta partnership reshaping its data center story. One is the incumbent. The other is the credible challenger finally getting ... Nvidia vs AMD: The Better A...
NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD) both reported earnings in May, and the contrast says everything about today’s AI hardware market. NVIDIA posted a $81.6 billion quarter built on Blackwell dominance. AMD posted $10.25 billion, with the Meta partnership reshaping its data center story. One is the incumbent. The other is the credible challenger finally getting ... Nvidia vs AMD: The Better AI Stock Is A Better Buy This June