Stock index futures were higher on Tuesday as tech stocks continued to recover, with SpaceX ( SPCX ) IPO set for Friday. Now, here are 5 news stories that broke overnight to watch out for: MSCI clears path for SpaceX index inclusion: MSCI ( MSCI ) said it will apply its standard methodology for early inclusion of large IPOs in its Global Standard Indexes, likely paving the way for SpaceX ( SPCX ) ...
Stock index futures were higher on Tuesday as tech stocks continued to recover, with SpaceX ( SPCX ) IPO set for Friday. Now, here are 5 news stories that broke overnight to watch out for: MSCI clears path for SpaceX index inclusion: MSCI ( MSCI ) said it will apply its standard methodology for early inclusion of large IPOs in its Global Standard Indexes, likely paving the way for SpaceX ( SPCX ) to join after it debuts on the Nasdaq on June 12. Elon Musk’s SpaceX is raising about $75B in its IPO, priced at $135 per share, targeting a $1.75T valuation. Final pricing is expected to be disclosed on June 11, with the company expected to meet MSCI’s size and free-float criteria for early index inclusion. Strait of Hormuz disruptions expected to persist: Prediction market platform Kalshi expects shipping traffic through the Strait of Hormuz to remain below normal for much of the year as tensions between Iran and Israel persist. Traders on Kalshi currently assign a 66% probability that traffic through the strategic waterway will not return to normal before January 2027. Expectations for a quicker recovery have deteriorated sharply, with the odds of traffic normalizing before August falling to 21% from 66% over the past two weeks. OpenAI files confidentially for IPO: OpenAI ( OPENAI ) has confidentially filed its draft initial public offering with the U.S. Securities and Exchange Commission. However, the Microsoft-backed ( MSFT ) company did not provide a timeline for when it might actually go public. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” according to OpenAI. Supertanker orders hit record levels: Shipowners have placed orders for a record 262 new oil supertankers at shipyards around the world, exceeding the previous peak set in October 2008, Clarkson Research said Monday. The current tanker boom has been driven by the Iran war, which has disrupted cargo flows and caused rat...
(RTTNews) - Indian shares rebounded from two-month lows on Tuesday as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward.
(RTTNews) - Indian shares rebounded from two-month lows on Tuesday as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward.
Former pornographer, who owns 38.8% of club, has been accused of sexually exploitative and predatory behaviour The football regulator could force David Sullivan to sell his stake in West Ham United after the former pornography billionaire was accused of sexually exploitative and predatory behaviour against women over several decades. The 77-year-old announced his resignation as a director and co-c...
Former pornographer, who owns 38.8% of club, has been accused of sexually exploitative and predatory behaviour The football regulator could force David Sullivan to sell his stake in West Ham United after the former pornography billionaire was accused of sexually exploitative and predatory behaviour against women over several decades. The 77-year-old announced his resignation as a director and co-chair of the football club on Saturday, ahead of a joint investigation by the BBC and the Times reporting on seven women accusing him of sexual misconduct. Continue reading...
The Invesco QQQ ETF (NASDAQ: QQQ) has become one of the largest ETFs in the entire marketplace thanks to its heavy allocation to some of the biggest tech companies in the world. The "Magnificent 7" stocks and the artificial intelligence (AI) boom have helped make it one of the most popular and best-performing growth ETFs available. Over the past 10 years, the fund has returned 625%. Since its laun...
The Invesco QQQ ETF (NASDAQ: QQQ) has become one of the largest ETFs in the entire marketplace thanks to its heavy allocation to some of the biggest tech companies in the world. The "Magnificent 7" stocks and the artificial intelligence (AI) boom have helped make it one of the most popular and best-performing growth ETFs available. Over the past 10 years, the fund has returned 625%. Since its launch in 1999, it's gained around 1,600%. And that includes bear markets during the tech bubble, the financial crisis, and the COVID-19 pandemic! Continue reading
Uranium Energy press release ( UEC ): Q3 GAAP EPS of -$0.11 misses by $0.08 . More on Uranium Energy Uranium Energy: Good Assets, Wrong Price Commodity Prices Improve, But Uranium Energy's Dilution Problems Continue To Mount Uranium Energy Q3 2026 Earnings Preview Quant snapshot: United Natural Foods, Designer Brands lead top-rated names as MIND Technology, BARK lag Seeking Alpha’s Quant Rating on...
Uranium Energy press release ( UEC ): Q3 GAAP EPS of -$0.11 misses by $0.08 . More on Uranium Energy Uranium Energy: Good Assets, Wrong Price Commodity Prices Improve, But Uranium Energy's Dilution Problems Continue To Mount Uranium Energy Q3 2026 Earnings Preview Quant snapshot: United Natural Foods, Designer Brands lead top-rated names as MIND Technology, BARK lag Seeking Alpha’s Quant Rating on Uranium Energy
porcorex/iStock via Getty Images SpaceX ( SPCX ) will debut in the stock market this week in what is expected to be the biggest ever IPO, but Seeking Alpha's investing community appears to be wary of the hype. In a poll on Monday, most of the 950+ respondents said they plan to wait for a post-IPO dip to snap up some SpaceX ( SPCX ) shares. Just 13% of the respondents are considering buying shares ...
porcorex/iStock via Getty Images SpaceX ( SPCX ) will debut in the stock market this week in what is expected to be the biggest ever IPO, but Seeking Alpha's investing community appears to be wary of the hype. In a poll on Monday, most of the 950+ respondents said they plan to wait for a post-IPO dip to snap up some SpaceX ( SPCX ) shares. Just 13% of the respondents are considering buying shares on Day 1. Many are steering clear of the speculative bet altogether, while some intend to watch from the sidelines given the rocket maker's massive $1.75T valuation. Here's what some of the respondents said about the IPO: "I have to say that I like what Elon Musk has done, especially with Tesla. This new IPO has created a lot of hope and the initial valuation seems a bit high. I rather wait before I buy in for the long haul," noted SA premium user gustburgos. "We all love when science fiction comes true, but there's no big money in going to the moon or space stations since there are no significant commercial (non-government) applications regardless of some of the cool things that will be done. Where there are competing systems, SPCX may have a $/lb earth orbit advantage in certain applications, but is that enough for a trillion dollar valuation?" SA premium subscriber swarfer commented. More on SpaceX The SpaceX IPO: All Systems Go, Ready For Blast Off? Revisiting The SpaceX Valuation: A Post-Prospectus Update SpaceX set for early entry into MSCI indexes after IPO xAI brings in Starlink engineer to run Grok chatbot training
Blackstone Inc. is pushing forward in the fast-growing market for significant risk transfers as banks hedge possible losses in their swelling loan books. The world’s largest manager of private assets is a big fan of SRTs, having already bought deals linked to corporate, infrastructure and agricultural loans, according to Dan Leiter , who leads the international unit of Blackstone Credit and Insura...
Blackstone Inc. is pushing forward in the fast-growing market for significant risk transfers as banks hedge possible losses in their swelling loan books. The world’s largest manager of private assets is a big fan of SRTs, having already bought deals linked to corporate, infrastructure and agricultural loans, according to Dan Leiter , who leads the international unit of Blackstone Credit and Insurance. “We are a major player in SRTs and we do them in kind of all the asset classes,” Leiter said in an interview with Bloomberg, adding that the firm is in talks about potential deals with several banks in Europe, Asia and the Middle East, including some who have yet to tap the market for the first time. The alternatives giant is also considering diving into so-called counterparty risk transfers, which allow banks to insure a broader range of assets such as prime brokerage finance, a move that could add billions of dollars in deal volumes to a market already hedging $1 trillion in loans . “We’re doing more with banks than ever before in the history of our credit business by far,” Leiter said. SRTs allow banks to free up capital for more profitable business. The instruments appeal to investors because they typically offer returns exceeding 10% in exchange for insuring a junior risk on a loan portfolio. Large asset managers, such as Blackstone, have almost quadrupled the amount of capital deployed to SRTs since 2022. Among recent deals, Blackstone invested in an SRT from ABN Amro Bank NV and another tied to $3.2 billion of Australian and Asian project finance originated by Sumitomo Mitsui Banking Corp . The manager of assets worth more than $1.3 trillion is in discussions with “a handful” of banks about SRTs, the former Morgan Stanley banker said. It may be a while before deals emerge from those talks, particularly where they involve newcomers to the market. “When we start an SRT conversation with a bank that’s never done an SRT, it’s not unusual for it to take a year or mor...
Nurix Therapeutics (NRIX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Nurix Therapeutics (NRIX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Palestinian civilians are caught between “mass atrocities” of Israeli forces, settlers and Hamas’ brutal rule, a UN-mandated inquiry said on Tuesday. Civilians across war-ravaged Gaza and the occupied West Bank are being “systematically and deliberately” subjected to severe rights violations, the UN’s Independent International Commission of Inquiry said. The investigative team, which last year con...
Palestinian civilians are caught between “mass atrocities” of Israeli forces, settlers and Hamas’ brutal rule, a UN-mandated inquiry said on Tuesday. Civilians across war-ravaged Gaza and the occupied West Bank are being “systematically and deliberately” subjected to severe rights violations, the UN’s Independent International Commission of Inquiry said. The investigative team, which last year concluded that Israel had committed “genocide” in the war in Gaza, highlighted in a new report that...