SpaceX is expected to hit public markets on June 12, raising $75 billion at a $1.77 trillion valuation. With a smaller initial public offering (IPO), investors can simply ignore the news and not buy the stock. But SpaceX is so large that it is transforming the way indexes respond to megacap IPOs. While the S&P 500 (SNPINDEX: ^GSPC) will not be adding SpaceX any time soon, the Nasdaq-100 -- the 100...
SpaceX is expected to hit public markets on June 12, raising $75 billion at a $1.77 trillion valuation. With a smaller initial public offering (IPO), investors can simply ignore the news and not buy the stock. But SpaceX is so large that it is transforming the way indexes respond to megacap IPOs. While the S&P 500 (SNPINDEX: ^GSPC) will not be adding SpaceX any time soon, the Nasdaq-100 -- the 100 largest non-financial stocks listed on the Nasdaq Composite -- is rewriting its index methodology to fast-track the inclusion of megacap companies like SpaceX, Anthropic , and OpenAI to give index fund investors quicker access to these companies. While the fast-track rules are great news for investors who want a piece of these companies through their index fund holdings , it can be unsettling for folks who believe these companies are going public at sky-high valuations and could drag down the major indexes. What's more, many growth-focused exchange-traded funds (ETFs) will likely be buying SpaceX once it gets added to the indexes, which puts investors who want to buy growth stocks, just not SpaceX, in a difficult spot. Continue reading
David Rush, who was arrested in May, stole millions from US government through ‘special access program’, officials say A former executive intelligence agent who is accused of stealing more than $40m in gold bars from the CIA reportedly created a fake spy program to siphon money, the latest on his fraudulent activity, the Washington Post first reported . David Rush, who was a senior-level employee ...
David Rush, who was arrested in May, stole millions from US government through ‘special access program’, officials say A former executive intelligence agent who is accused of stealing more than $40m in gold bars from the CIA reportedly created a fake spy program to siphon money, the latest on his fraudulent activity, the Washington Post first reported . David Rush, who was a senior-level employee of the Central Intelligence Agency (CIA) for 17 years, was arrested in May after FBI agents discovered Rush had taken 303 bullion bars, each about 2.2lbs, dozens of luxury watches, and more than $2m in foreign currency from his government office. Continue reading...
Japanese stocks are set to fall, led by tech shares, after strong US jobs data fueled expectations that the Federal Reserve will keep rates higher for longer, sparking a selloff in AI-related shares on Wall Street. Stocks are also set to come under pressure after Iran fired several rounds of missiles toward Israel, as the US pushed to preserve a faltering ceasefire. Nikkei 225 Stock Average future...
Japanese stocks are set to fall, led by tech shares, after strong US jobs data fueled expectations that the Federal Reserve will keep rates higher for longer, sparking a selloff in AI-related shares on Wall Street. Stocks are also set to come under pressure after Iran fired several rounds of missiles toward Israel, as the US pushed to preserve a faltering ceasefire. Nikkei 225 Stock Average futures expiring in September were at 63,865.00 on the Chicago Mercantile Exchange as of 7:46 a.m. Tokyo time, compared with 66,588.12 for Friday’s close for the underlying gauge. “Japanese stocks are likely to open sharply lower as investors increasingly price in the risk of a US interest-rate hike, dampening sentiment,” said Shoji Hirakawa , chief global strategist at Tokai Tokyo Intelligence Lab. “Selling is expected to spread across Japanese technology shares, while funds may rotate into defensive sectors such as pharmaceuticals, food and telecommunications.” Technology and AI-related stocks, including SoftBank Group Corp. and Kioxia Holdings Corp., which reached record highs earlier this month, are likely to come under pressure after the Nasdaq 100 dropped about 5% and the Philadelphia Semiconductor Index slid 10% on Friday. Sentiment was further dented after US job growth exceeded all forecasts in May, reinforcing expectations that the Fed may need to keep monetary policy restrictive for longer to contain inflation. Concerns had already been mounting over lofty technology-stock valuations and the sustainability of the AI-fueled rally in the US and Asia. Japanese companies have also benefited from the boom, though to a lesser extent than their South Korean peers, with memory-chip maker Kioxia soaring more than 600% this year through Friday and SoftBank climbing nearly 70%. Traders are also increasing bets on a Bank of Japan rate hike when policymakers meet next week, as officials grapple with mounting upside risks to inflation. Investor sentiment is also likely to be weighed...
Finding high-reward, low-risk stocks isn't easy. There aren't a ton out there, as most of the time the market prices risky stocks lower and safe stocks higher to reflect the relative risk. But, once in a while, you'll find a stock with a great setup that looks like a genius buy. Meta Platforms (NASDAQ: META) is that stock right now. It is delivering strong growth, has major upside driven by artifi...
Finding high-reward, low-risk stocks isn't easy. There aren't a ton out there, as most of the time the market prices risky stocks lower and safe stocks higher to reflect the relative risk. But, once in a while, you'll find a stock with a great setup that looks like a genius buy. Meta Platforms (NASDAQ: META) is that stock right now. It is delivering strong growth, has major upside driven by artificial intelligence (AI) in its future, yet trades for an attractive valuation. Now is the perfect time to scoop up shares, and investors should take advantage while the market isn't paying attention. Image source: Getty Images. Continue reading
US Stocks Movement | Storage concept stocks rebound, Micron Technology rises over 9%, Jensen Huang says memory supply shortage will persist for several years Bitget
US Stocks Movement | Storage concept stocks rebound, Micron Technology rises over 9%, Jensen Huang says memory supply shortage will persist for several years Bitget
Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants By Robert Walton of UtilityDive The Trump administration approved 76 coal-related permits in more than a year of efforts to revive the flagging fuel and execute an agenda of “energy dominance.” His latest attempt includes tapping Defense Production Act funding to expand the industry. “Last year we prevented 17 GW of coa...
Trump Admin Announces $850MM To Modernize US Coal Capacity, Build 2 New Plants By Robert Walton of UtilityDive The Trump administration approved 76 coal-related permits in more than a year of efforts to revive the flagging fuel and execute an agenda of “energy dominance.” His latest attempt includes tapping Defense Production Act funding to expand the industry. “Last year we prevented 17 GW of coal-powered electricity from going offline. That’s enough power for about 13 million homes, and at a very low price. It’s the lowest price,” Trump said of coal resources. But critics say the opposite is true. “This move, along with the President blocking the retirement of old coal plants that are too costly to operate, is making most Americans poorer,” Jenkins said. “This is a total misuse of the Defense Production Act, a giant giftwrapped payout to subsidize and prop up a flailing industry that can no longer compete in the free market.” The coal funding is “another example of Trump ignoring the affordability crisis,” Tyson Slocum, director of Public Citizen’s energy program, said in a statement. “Abusing emergency authorities to justify subsidies for coal is a waste of taxpayer dollars and a clear giveaway to an absurdly outdated, expensive and dirty fossil fuel.” DOE said it plans to use up to $425 million in Defense Production Act Title III funds to support a dozen coal-plant projects and $75 million for the West Gateway Terminal Project, to operate a rail-served marine export terminal. The coal projects include: $19 million for Arizona Electric Power Cooperative to modernize and extend the operating life the Apache Generating Station near Cochise, Arizona; $33 million for Duke Energy Kentucky to boost generating capacity at its East Bend Station in Boone County, Kentucky; $22.5 million for Oklahoma Gas and Electric’s Sooner DCS Modernization Project near Red Rock, Oklahoma, to modernize the facility’s distributed control system to maintain reliability and improve efficien...
koto_feja/iStock via Getty Images Stock futures pointed lower on Monday after a sharp selloff in technology shares and stronger-than-expected U.S. employment data fueled expectations that the Federal Reserve may raise interest rates later this year. Nasdaq 100 ( US100:IND ) futures fell 0.5% after the index posted its steepest one-day decline since April 2025 on Friday. S&P 500 ( SPX ) futures los...
koto_feja/iStock via Getty Images Stock futures pointed lower on Monday after a sharp selloff in technology shares and stronger-than-expected U.S. employment data fueled expectations that the Federal Reserve may raise interest rates later this year. Nasdaq 100 ( US100:IND ) futures fell 0.5% after the index posted its steepest one-day decline since April 2025 on Friday. S&P 500 ( SPX ) futures lost 0.4%. Asian markets also faced pressure, with Japan's Nikkei 225 and South Korea's Kospi set for declines following last week's weakness in technology stocks. Oil prices climbed as geopolitical tensions in the Middle East resurfaced. Brent crude ( CO1:COM ) rose 2.9% to almost $96 a barrel after Iran launched missiles toward Israel, raising concerns about potential disruptions to energy supplies. Gold (XAUUSD) slipped to around $4,317 an ounce, while the U.S. dollar ( DXY ) gained ground against most major currencies. Bitcoin (BTC:USD) traded near $62,000 after briefly dropping below $60,000, its lowest level since late 2024. Friday's market decline followed a stronger-than-expected U.S. jobs report that reinforced expectations the Fed could tighten monetary policy further to contain inflation pressures. Treasury prices fell as traders increased bets on a rate hike, pushing yields higher. The simultaneous decline in stocks and bonds marked one of the most significant setbacks for investors in recent months. Since late March, markets had been buoyed by optimism surrounding efforts to ease tensions in the Middle East and continued enthusiasm for artificial intelligence-related investments. That optimism has recently come under pressure as investors weigh elevated equity valuations, rising oil prices and the possibility of higher borrowing costs. Concerns are also growing that enthusiasm surrounding AI-linked stocks may have pushed share prices ahead of fundamentals. Matt Maley, chief market strategist at Miller Tabak, said the recent pullback could develop into a more subst...
The cloud giants are spending hundreds of billions to build AI data centers -- and a growing slice of that money is going toward chips they design themselves.
The cloud giants are spending hundreds of billions to build AI data centers -- and a growing slice of that money is going toward chips they design themselves.