A number of stocks jumped in the afternoon session after the Nasdaq rebounded, up 1.8%, as Trump's Iran peace deal announcement released the rate pressure that weighed on the sector all week.
A number of stocks jumped in the afternoon session after the Nasdaq rebounded, up 1.8%, as Trump's Iran peace deal announcement released the rate pressure that weighed on the sector all week.
SpaceX is set to make stock market history. The rocket maker turned satellite internet and artificial intelligence (AI) conglomerate is expected to begin trading on the Nasdaq on Friday, June 12, after selling about 555.6 million shares at a fixed price of $135 apiece. It will trade under the ticker SPCX. The $75 billion raise would be the largest from any initial public offering (IPO) ever -- mor...
SpaceX is set to make stock market history. The rocket maker turned satellite internet and artificial intelligence (AI) conglomerate is expected to begin trading on the Nasdaq on Friday, June 12, after selling about 555.6 million shares at a fixed price of $135 apiece. It will trade under the ticker SPCX. The $75 billion raise would be the largest from any initial public offering (IPO) ever -- more than double the $29.4 billion record set by Saudi Aramco in 2019. And it gives the company an initial market value of about $1.77 trillion, instantly one of the most valuable companies in the world. Anticipation among everyday investors seems just as outsized. SpaceX 's prospectus names several retail brokerage platforms that will make shares available at the offer price, an unusual arrangement at this scale. Everyone else who wants in on Friday will pay whatever price the market sets at the open. So, what does history say about buying a debut of this magnitude on day one? Here are three lessons from the market's biggest IPOs. Continue reading
SlavkoSereda/iStock via Getty Images The U.S. has surpassed Saudi Arabia and Russia to become the world's largest oil exporter , in a sharp reversal after decades of dependence on Middle Eastern oil. Aided by disruptions in Saudi oil exports from the Iran war and Russian oil exports from Ukrainian drone attacks, the U.S. was the top global exporter for the third month in a row in May, Reuters repo...
SlavkoSereda/iStock via Getty Images The U.S. has surpassed Saudi Arabia and Russia to become the world's largest oil exporter , in a sharp reversal after decades of dependence on Middle Eastern oil. Aided by disruptions in Saudi oil exports from the Iran war and Russian oil exports from Ukrainian drone attacks, the U.S. was the top global exporter for the third month in a row in May, Reuters reported Thursday, supported by data from the Vortexa ship tracking service shows. U.S. exports of crude and fuel climbed to ~10.5M bbl/day last month amid strong production and the release of strategic reserves, while Russian exports totaled 7M bbl/day and Saudi exports slid to 5.9M bbl/day. In 2025, Saudi Arabia exported ~8.1M bbl/day, while the U.S. shipped out 6.6M bbl/day, and Russian exports totaled ~5.8M bbl/day, according to Vortexa. While U.S. energy companies may have been the main beneficiaries of the closure of the Strait of Hormuz, Saudi Arabia and Russia were trailing far behind U.S. companies on production growth long before the Middle East war started. Crude and liquids output in the U.S. has nearly tripled to ~22M bbl/day since 2000, Saudi crude and liquids output has largely fluctuated in the 10M-12M bbl/day range depending on OPEC quotas between 2000 and 2026, and Russian output has largely stagnated and declined to below 10M bbl/day since 2020. The U.S. in 2015 repealed a 40-year export ban it had maintained since the 1973 Arab oil embargo, opening the gates for its oil boom to the wider world, and now leads the world, countering skeptics who warned that the growth would be short-lived as fields deplete. Crude oil futures settled lower on Thursday after President Trump called off planned military strikes on Iran, saying discussions have advanced to the highest levels of Iran's leadership and a broad coalition of Middle East countries. " The market is performing as if it thinks a deal will get done sooner rather than later," Mizuho's Robert Yawger said in ...
Key PointsAmazon invested $13 billion into Anthropic and could invest an additional $20 billion, depending on whether the artificial intelligence (AI) start-up hits certain milestones.
Key PointsAmazon invested $13 billion into Anthropic and could invest an additional $20 billion, depending on whether the artificial intelligence (AI) start-up hits certain milestones.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
Marsch says players will embrace World Cup occasion Moïse Bombito and Ismaël Koné fit after injuries Weather concerns dismissed: ‘We’ll be ready.’ Jesse Marsch urged Canada to embrace the pressure of being co-hosts on the eve of their Group B opener and trumpeted his players’ pride at representing the nation, adding that when he was part of the US setup they had to sometimes “beg players to sing t...
Marsch says players will embrace World Cup occasion Moïse Bombito and Ismaël Koné fit after injuries Weather concerns dismissed: ‘We’ll be ready.’ Jesse Marsch urged Canada to embrace the pressure of being co-hosts on the eve of their Group B opener and trumpeted his players’ pride at representing the nation, adding that when he was part of the US setup they had to sometimes “beg players to sing the national anthem”. Canada will host their first World Cup game on Friday, with Bosnia and Herzegovina their opponents for the history-making match in Toronto. Continue reading...