The largest IPO in history is days away, with SpaceX set to begin trading this Friday. While attention is fixed on the debut, investors may be overlooking a more actionable trade in Elon Musk's other public company, Tesla. Tesla's fundamentals have defied conventional logic since the company's inception.
The largest IPO in history is days away, with SpaceX set to begin trading this Friday. While attention is fixed on the debut, investors may be overlooking a more actionable trade in Elon Musk's other public company, Tesla. Tesla's fundamentals have defied conventional logic since the company's inception.
The dollar index (DXY00 ) fell from a 2-month high today and is down by -0.14%. The dollar gave up overnight gains and turned lower today after stocks pushed higher, which curbs liquidity demand for the dollar. Also, crude prices fell from early highs today and dragged the dollar lower...
The dollar index (DXY00 ) fell from a 2-month high today and is down by -0.14%. The dollar gave up overnight gains and turned lower today after stocks pushed higher, which curbs liquidity demand for the dollar. Also, crude prices fell from early highs today and dragged the dollar lower...
Italy's competition authority said on Monday it had dropped an investigation into Meta Platforms over allegations the company abused its dominant position by installing its artificial intelligence tool on messaging service WhatsApp. The investigation had been launched in July 2025. The regulator, known as AGCM, said it closed its probe because the European Commission had extended it...
Italy's competition authority said on Monday it had dropped an investigation into Meta Platforms over allegations the company abused its dominant position by installing its artificial intelligence tool on messaging service WhatsApp. The investigation had been launched in July 2025. The regulator, known as AGCM, said it closed its probe because the European Commission had extended its own investigation into the same issue to include the Italian territory.
mbbirdy/E+ via Getty Images Wall Street’s major market averages traded firmly higher on Monday with the Nasdaq leading the pack as tech recovered after a major selloff in the sector on Friday. The blue chip Dow ( DJI ) was +0.2%, the benchmark S&P 500 ( SP500 ) was +0.9%, and the tech focused Nasdaq Composite ( COMP:IND ) was +1.6%. Now, here are four news stories that broke in the morning to watc...
mbbirdy/E+ via Getty Images Wall Street’s major market averages traded firmly higher on Monday with the Nasdaq leading the pack as tech recovered after a major selloff in the sector on Friday. The blue chip Dow ( DJI ) was +0.2%, the benchmark S&P 500 ( SP500 ) was +0.9%, and the tech focused Nasdaq Composite ( COMP:IND ) was +1.6%. Now, here are four news stories that broke in the morning to watch out for: Crude oil prices retreat: Crude oil futures pulled back from gains of as much as 5% earlier Monday after Iran’s military announced it has ceased strikes against Israel, while warning it would resume hostilities if Israel continues operations in Lebanon. Front-month Brent crude for August delivery settled up 1.6% at $94.56/bbl after spiking as much as 3.5%, while front-month Nymex July crude added 1.3% to $91.71/bbl. The de-escalation followed President Trump’s demand that both sides “immediately stop shooting,” with both countries reportedly looking for an immediate ceasefire. Intel ( INTC ) leads chip rally: Intel shares surged about 12% on Monday following a report that Google ( GOOG ) and Nvidia ( NVDA ) are considering the company as a backup chip manufacturer. Google has reportedly ordered more than 3 million Tensor Processing Units from Intel, with manufacturing slated for 2028. Nvidia is testing whether Intel technology can be used to make a forthcoming processor that combines four graphics chips into a single unit. Across the broader sector, Marvell Technology soared nearly 15% after S&P Dow Jones Indices announced the company will join the S&P 500 later this month. SpaceX ( SPCX ) eyes record-breaking valuation: SpaceX’s expanding role in U.S. national security is emerging as a major growth driver ahead of its planned initial public offering. At a target offering price of $135 per share, the Elon Musk-led company is seeking a roughly $75 billion capital raise, making the offering the largest IPO ever attempted and valuing SpaceX at about $1.77 trillion. ...
OpenAI is preparing what CNBC’s Joe Kernen, citing Financial Times reporting, called “The biggest update to ChatGPT since the product launched. It’s already been four years.” The revamp is designed to push ChatGPT beyond conversation and into autonomous action. Ahead of OpenAI’s upcoming IPO, the most direct publicly traded way to benefit from the company’s ... Get Ready for Phase 2 of the AI Era....
OpenAI is preparing what CNBC’s Joe Kernen, citing Financial Times reporting, called “The biggest update to ChatGPT since the product launched. It’s already been four years.” The revamp is designed to push ChatGPT beyond conversation and into autonomous action. Ahead of OpenAI’s upcoming IPO, the most direct publicly traded way to benefit from the company’s ... Get Ready for Phase 2 of the AI Era. ChatGPT is getting its “Biggest Update” Yet
There’s a sour taste today as the historic sugar maker Tate & Lyle is taken over and leaves the London Stock Exchange after nearly a century . At one point it produced as much as 50% of the world’s sugar but more recently, in an attempt to wellness-proof itself, it’s refocused on sugar replacements. Even so it’s still a business synonymous with industrial Britain and now it’s heading to the US. On...
There’s a sour taste today as the historic sugar maker Tate & Lyle is taken over and leaves the London Stock Exchange after nearly a century . At one point it produced as much as 50% of the world’s sugar but more recently, in an attempt to wellness-proof itself, it’s refocused on sugar replacements. Even so it’s still a business synonymous with industrial Britain and now it’s heading to the US. On the news, its shares soared (though quite a number of bank analysts wondered whether the deal will go all the way) and the debate about the “wellness” of the UK stock market returned. That the UK has a relative lack of tech stocks (the FTSE 350 is less than 2% tech) should have allowed it not to be the news today after Friday’s ugly selloff in the US. Still, Morgan Stanley called this a “healthy reset” while Jensen Huang urged investors to buy the dip ; tech stocks are rebounding today. But the departure of Tate & Lyle brings the stock market story right back to the UK and how the LSE is shrinking as companies opt to go public elsewhere, shift existing listings to the US or just get purchased. Alongside these equity concerns is the news that the number of full-time, permanent workers dropped the most in 10 months , with firms citing low confidence and cost pressures. Into this mix, t he IMF chief sat down with Francine Lacqua and warned that economies must become more resilient to shocks. One way for the UK to do that would be for it to keep and retain its tech startup scene, whose lollapalooza opens today with the start of London Tech Week. In his keynote speech, Keir Starmer told firms this morning that they have three months to introduce controls to stop under 16s seeing explicit images. If they don’t, the government will legislate. It was an inevitable announcement given the popular demand for it, but a typically Starmer announcement too: action deferred. The tech executives who are attending may want to hear a bit more. Tate & Lyle may seem as old school a contrast to...