Billionaire Elon Musk’s SpaceX has reportedly filed for an IPO, which could become one of the largest public offerings ever. The company is targeting a valuation of more than $1.75 trillion, raising up to $75 billion. Interestingly, the SpaceX IPO isn’t just a space story—it’s a Tesla (TSLA) story too, and investors are watching closely. Any major move from SpaceX could influence Tesla’s stock per...
Billionaire Elon Musk’s SpaceX has reportedly filed for an IPO, which could become one of the largest public offerings ever. The company is targeting a valuation of more than $1.75 trillion, raising up to $75 billion. Interestingly, the SpaceX IPO isn’t just a space story—it’s a Tesla (TSLA) story too, and investors are watching closely. Any major move from SpaceX could influence Tesla’s stock performance, investor sentiment, and the broader EV and tech markets. Let’s dig deeper. For context, Bl
In March, the S&P 500 energy sector ( XLE ) moved 7.4% in the upward direction this year, supported by a whopping 44.5% rise in crude oil futures ( CL1:COM ) over potential disruption in global crude supply. Against this backdrop, short interest trends among micro to small-cap energy stocks show a wide divergence. Sable Offshore ( SOC ) was the most shorted stock in March, while KNOT Offshore Part...
In March, the S&P 500 energy sector ( XLE ) moved 7.4% in the upward direction this year, supported by a whopping 44.5% rise in crude oil futures ( CL1:COM ) over potential disruption in global crude supply. Against this backdrop, short interest trends among micro to small-cap energy stocks show a wide divergence. Sable Offshore ( SOC ) was the most shorted stock in March, while KNOT Offshore Partners ( KNOP ) was the least shorted stock. Most shorted energy stocks as of March end: Green Plains ( GPRE ) 20.07% New Fortress Energy ( NFE ) 17.62% W&T Offshore ( WTI ) 15.28% Vitesse Energy ( VTS ) 13.76% Gevo ( GEVO ) 13.33% Least shorted energy stocks as of March end: KNOT Offshore Partners ( KNOP ) 0.54% Tsakos Energy Navigation ( TEN ) 0.99% Global Partners ( GLP ) 1.06% Uni-Fuels ( UFG ) 1.25% Flowco ( FLOC ) 1.35% Energy ETFs: ( XLE ), ( AMLP ), ( VDE ), ( XOP ), ( OIH ), and ( IXC ). More on State Street® Energy Select Sector SPDR® ETF Finding The Opportunities After The Selloff And End Of The War S&P 500 Earning Estimates Are Surprisingly Rising And $100 WTIC Oil Is Not Expensive XLE: Sell Oil And Buy Oil Company Shares Most and least shorted energy stocks with over $2B market cap as of March Top 10 large-cap energy stocks ranked by their forward dividend yield
Prae_Studio/iStock via Getty Images By James Knightley , Chief International Economist, US Strong growth, but with a lack of breadth The headlines from the March US jobs report are good. Non-farm payrolls were up 178,000, well ahead of the 65,000 consensus estimate after a weather- and strike-related drop of 133,000 in February. Meanwhile, the unemployment rate unexpectedly dropped to 4.3% from 4....
Prae_Studio/iStock via Getty Images By James Knightley , Chief International Economist, US Strong growth, but with a lack of breadth The headlines from the March US jobs report are good. Non-farm payrolls were up 178,000, well ahead of the 65,000 consensus estimate after a weather- and strike-related drop of 133,000 in February. Meanwhile, the unemployment rate unexpectedly dropped to 4.3% from 4.4%. So, as with most of the data from the start of the year, it is a positive surprise and suggests that the US is on a firm footing to take on the economic challenges posed by the Middle East conflict. That said, we need to acknowledge that the details within the reports again show the high degree of industry concentration for where jobs are being created. Private education and healthcare posted a 91,000 increase, boosted by the return of Kaiser Permanente's 31,000 previously striking staff. This sector has accounted for 70% of all jobs added since the end of 2022. Then there were an additional 44,000 jobs in the leisure and hospitality sectors, which account for 18% of all the jobs added since the end of 2022. The federal government workforce shrank again, but government in total still accounts for 22% of the jobs added over the same period. Contributions to cumulative employment gains since December 2022 (000s) (Source: Macrobond, ING) Middle East conflict poses challenges for a stalled jobs market Despite today’s better-than-expected outcome, there are only 260,000 more people in work today than 12 months ago, implying that the jobs market has effectively stalled during a period when the US growth story was healthy. Our concern is that with the Middle East conflict showing little sign of coming to an imminent conclusion, an overlay of heightened geopolitical, economic and market angst is not going to incentivise business to suddenly start hiring now. In fact, with cost pressures rising and consumer spending power being squeezed by higher gasoline prices, corporate profi...
Kevin Warsh’s nomination hearing to become chair of the Federal Reserve has been set for April 16, reported Politico on Friday. As per the Politico report , Warsh’s confirmation has been a top Treasury priority, and his sherpa team over the past few weeks has been headed by Deputy Undersecretary for Legislative Affairs Derek Theurer — who returned full-time to his role to focus on Warsh’s nominati...
Kevin Warsh’s nomination hearing to become chair of the Federal Reserve has been set for April 16, reported Politico on Friday. As per the Politico report , Warsh’s confirmation has been a top Treasury priority, and his sherpa team over the past few weeks has been headed by Deputy Undersecretary for Legislative Affairs Derek Theurer — who returned full-time to his role to focus on Warsh’s nomination — alongside Deputy Chief of Staff Samantha Schwab. President Donald Trump named Warsh, a former Fed governor, as his pick to lead the Fed in January. The president has been urging the Fed to rapidly cut interest rates for more than a year and has often blasted Jerome Powell for not cutting rates fast enough. Powell's term as Fed chair is slated to end in May. 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 related topic Kevin Warsh officially nominated for Fed chair Bessent urges Senate to move ahead on Warsh hearings despite Powell probe standoff Trump administration prepares for Warsh Fed chair nomination, Bloomberg reports