The SpaceX initial public offering (IPO) is set to take place on June 12, with the company raising $75 billion at a valuation of $1.77 trillion . The sheer size of SpaceX has ripple effects through the investing world, from the major indexes to exchange-traded funds (ETFs). Although SpaceX was initially expected to be fast-tracked for entry into the S&P 500 (SNPINDEX: ^GSPC) , S&P Dow Jones Indice...
The SpaceX initial public offering (IPO) is set to take place on June 12, with the company raising $75 billion at a valuation of $1.77 trillion . The sheer size of SpaceX has ripple effects through the investing world, from the major indexes to exchange-traded funds (ETFs). Although SpaceX was initially expected to be fast-tracked for entry into the S&P 500 (SNPINDEX: ^GSPC) , S&P Dow Jones Indices released a press release on June 4 rejecting its earlier proposal. Now, SpaceX and other megacap companies like Anthropic and OpenAI will have to wait at least 12 months after their IPOs to join the S&P 500. Here's how the news impacts the two largest ETFs by net assets -- the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the Vanguard Total Stock Market ETF (NYSEMKT: VTI) -- and which one will own more SpaceX after its IPO. Continue reading
Feds Launch Probe Into California's Elections Days after California’s primary election, the votes are still being counted, and the winners are still unknown, and no one, save for California officials, seems happy about it. “The fact that California elections often can't be resolved for weeks is kind of insane and not common in other electoral systems around the world," Political data analyst Nate ...
Feds Launch Probe Into California's Elections Days after California’s primary election, the votes are still being counted, and the winners are still unknown, and no one, save for California officials, seems happy about it. “The fact that California elections often can't be resolved for weeks is kind of insane and not common in other electoral systems around the world," Political data analyst Nate Silver wrote on X on Tuesday. "Like honestly 'it's going to take us several weeks to tell you who won the election' is failed state sh-t and should be much more stigmatized. The fact that it's tolerated is bad too a textbook example of learned helplessness. " And President Donald Trump is now demanding answers. Trump posted on Truth Social on Thursday, targeting what he called the deliberate manipulation of California's governor and Los Angeles mayoral races. "There's BIG cheating by the Dumocrats in California. Votes are all tied up," he wrote . "May not be in for weeks. Under investigation by the U.S. Attorney's Office in Los Angeles. Why the vote counting DELAY???" In a follow-up post , Trump escalated further. "The Dumocrats are at it again! They are trying to STEAL THE GOVERNOR OF CALIFORNIA PRIMARY, AND THE MAYOR OF LOS ANGELES, PRIMARY, AWAY FROM TWO GREAT REPUBLICAN CANDIDATES." He then singled out mail-in ballots specifically. "Here we go with the very late and massive numbers of MAIL IN BALLOTS." United States Attorney for the Central District of California, Bill Essayli, confirmed in a post on X that his office “has multiple election fraud investigations underway” in California, and is coordinating with the FBI in Los Angeles. “California’s election system has serious structural vulnerabilities. Universal vote-by-mail with no voter ID requirements creates conditions where fraud can go undetected and unpunished, eroding public confidence,” he wrote . In a post on Substack, Nate Silver noted that California averaged 38 percent of its votes counted after Election Da...
There is an old belief in business that the safest way to protect something is to build every piece of it yourself. Own the factory, write the software, design the silicon, and that way no rival can ever pull the rug out from under you. Apple (AAPL) turned that belief into something close to a ...
There is an old belief in business that the safest way to protect something is to build every piece of it yourself. Own the factory, write the software, design the silicon, and that way no rival can ever pull the rug out from under you. Apple (AAPL) turned that belief into something close to a ...
The total cryptocurrency market cap is $2.5 trillion at the time of this writing on June 2. It has fallen almost 30% in the past year and is a long way from last year's high of over $4.3 trillion, making it hard to imagine when the next bull run might come. However, not only does history tell us that prices are likely to recover, but the price slump also belies the regulatory and systemic shifts t...
The total cryptocurrency market cap is $2.5 trillion at the time of this writing on June 2. It has fallen almost 30% in the past year and is a long way from last year's high of over $4.3 trillion, making it hard to imagine when the next bull run might come. However, not only does history tell us that prices are likely to recover, but the price slump also belies the regulatory and systemic shifts that have taken place in the past few years, making blockchain fundamentals the strongest they've ever been. Image source: Getty Images. Continue reading
Cattle are herded in a stable on June 5, 2026 in Dublin, Texas. Brandon Bell | Getty Images The U.S. Department of Agriculture confirmed a second case of New World screwworm, a flesh-eating parasite, in Texas. The latest detection was found in a one-month-old calf in Zavala County, Texas, roughly 5.6 miles from the first confirmed case announced earlier this month, the USDA's Animal and Plant Heal...
Cattle are herded in a stable on June 5, 2026 in Dublin, Texas. Brandon Bell | Getty Images The U.S. Department of Agriculture confirmed a second case of New World screwworm, a flesh-eating parasite, in Texas. The latest detection was found in a one-month-old calf in Zavala County, Texas, roughly 5.6 miles from the first confirmed case announced earlier this month, the USDA's Animal and Plant Health Inspection Service said Friday . Additional samples collected from the surrounding area have tested negative so far. New World screwworm larvae feed on the living tissue of warm-blooded animals, creating severe wounds that can be fatal if left untreated. The pest threatens livestock, wildlife, pets and, in rare instances, humans. The discovery has triggered cross-border restrictions. The Canadian Food Inspection Agency said Friday it will temporarily restrict imports of livestock, including horses, from affected areas of the U.S. Animals that originated in or were present in Texas within 21 days before crossing the border will not be permitted entry into Canada. Federal and state officials emphasized that the second case was detected within an existing movement-control zone established after the initial finding and that it remains within an area where sterile insects are being released to suppress the pest's population. "USDA has not wasted any time in this fight, we have defeated New World screwworm before, and we will do it again," Dudley Hoskins, the agency's Under Secretary for Marketing and Regulatory Programs, said in a statement. USDA said the U.S. food supply remains safe despite the detections. New World screwworms do not infest meat, fruits, vegetables or other food products, according to the agency. Any affected animal would be identified during inspection, and no contaminated product would be allowed to enter commerce, it said. This story is developing. Please check back for updates. Choose CNBC as your preferred source on Google and never miss a moment from ...
Chief Legal Officer Dennis Cho reported the sale of 14,205 shares of Twist Bioscience Corporation (NASDAQ:TWST) on May 29, 2026, for a transaction value of approximately $991,000, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($69.75); post-transaction value based on holdings as valued using the May 29, 2026 close price. * 1-year performance is calculated ...
Chief Legal Officer Dennis Cho reported the sale of 14,205 shares of Twist Bioscience Corporation (NASDAQ:TWST) on May 29, 2026, for a transaction value of approximately $991,000, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 reported price ($69.75); post-transaction value based on holdings as valued using the May 29, 2026 close price. * 1-year performance is calculated using May 29th, 2026 as the reference date. Continue reading
A 58-year-old investor with $100,000 parked in SPDR Gold Trust (NYSEARCA:GLD) as a crisis hedge is paying roughly $300 more per year than necessary for the exact same bars of bullion. That is the uncomfortable math behind GLD versus its younger sibling, the SPDR Gold MiniShares Trust (NYSEARCA:GLDM). Both funds hold physical gold in the ... Forget GLD: GLDM Tracks the Exact Same Bullion at One Qua...
A 58-year-old investor with $100,000 parked in SPDR Gold Trust (NYSEARCA:GLD) as a crisis hedge is paying roughly $300 more per year than necessary for the exact same bars of bullion. That is the uncomfortable math behind GLD versus its younger sibling, the SPDR Gold MiniShares Trust (NYSEARCA:GLDM). Both funds hold physical gold in the ... Forget GLD: GLDM Tracks the Exact Same Bullion at One Quarter the Annual Cost
Minute-by-minute updates from 9pm UK time Essential guide to all 1,248 World Cup players You can email John | Sign up for Football Daily Ewan also wrote our Scotland preview. Clarke is pragmatic in approach but it will be a shock if he does not start with two strikers for game one against Haiti. Victory there and Scotland have a genuine chance of progression from the first round for the first time...
Minute-by-minute updates from 9pm UK time Essential guide to all 1,248 World Cup players You can email John | Sign up for Football Daily Ewan also wrote our Scotland preview. Clarke is pragmatic in approach but it will be a shock if he does not start with two strikers for game one against Haiti. Victory there and Scotland have a genuine chance of progression from the first round for the first time. There is also a lingering reason for Clarke to at least appear bold; he was castigated by supporters for negative tactics in a must-win match against Hungary at the last Euros. A more defensive style is likely and understandable against Morocco and Brazil, who simply put are better teams than Scotland. Clarke’s team can be useful in such a situation; they are excellently drilled and carry a counterattacking threat. Clarke insists he cannot alter plans on account of potential fitness setbacks. “Do you want to wrap them in cotton wool and [they] don’t train?” Clarke asked. “You need to work. Injuries are part and parcel of football. When it happens, especially when it happens in the circumstances it happened to Billy, it is really disappointing. Everybody has got to take a deep breath and move forward again. That is what we will do.” Continue reading...
If you put $10,000 into the GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) at Thursday’s close and checked the account Friday afternoon, you had about $8,556. The fund posted a 14% loss on June 5, 2026, closing at $4.80 after opening the session at $5.61 a 14% loss on June 5, 2026, closing at $4.80 ... CONL Lost 67% Year to Date While Coinbase Fell 33%, Exposing the Volatility Tax in Daily-Res...
If you put $10,000 into the GraniteShares 2x Long COIN Daily ETF (NASDAQ:CONL) at Thursday’s close and checked the account Friday afternoon, you had about $8,556. The fund posted a 14% loss on June 5, 2026, closing at $4.80 after opening the session at $5.61 a 14% loss on June 5, 2026, closing at $4.80 ... CONL Lost 67% Year to Date While Coinbase Fell 33%, Exposing the Volatility Tax in Daily-Reset Leverage