The launch countdown is on for SpaceX. Elon Musk's space technology company appears to be preparing for an initial public offering (IPO) on June 12, 2026. Reports swirled for weeks that SpaceX could target a valuation of $2 trillion. Recently, though, the company trimmed the figure to around $1.8 trillion. This number will still make SpaceX the eighth-largest U.S. company by market cap (knocking M...
The launch countdown is on for SpaceX. Elon Musk's space technology company appears to be preparing for an initial public offering (IPO) on June 12, 2026. Reports swirled for weeks that SpaceX could target a valuation of $2 trillion. Recently, though, the company trimmed the figure to around $1.8 trillion. This number will still make SpaceX the eighth-largest U.S. company by market cap (knocking Musk-led Tesla (NASDAQ: TSLA) down a spot). It will also become the largest industrial company based on market cap . Continue reading
Singer-songwriter Charlie Puth has sold an ultramodern “sculptural” residence in Studio City for $2.1 million—less than a year after putting the architectural marvel on the market.
Singer-songwriter Charlie Puth has sold an ultramodern “sculptural” residence in Studio City for $2.1 million—less than a year after putting the architectural marvel on the market.
Lopez shared a series of photos and videos from her weekend on Instagram, revealing a glimpse at her picturesque property and the renovations she has done since buying it last year.
Lopez shared a series of photos and videos from her weekend on Instagram, revealing a glimpse at her picturesque property and the renovations she has done since buying it last year.
Euro-area inflation topped 3% for the first time in more than 2 1/2 years, cementing expectations for an interest-rate hike when the European Central Bank meets next week. Consumer prices rose 3.2% from a year ago in May, up from 3% the previous month, Eurostat said Tuesday. That’s in line with the median estimate in a Bloomberg survey . Core inflation, which excludes volatile items like food and ...
Euro-area inflation topped 3% for the first time in more than 2 1/2 years, cementing expectations for an interest-rate hike when the European Central Bank meets next week. Consumer prices rose 3.2% from a year ago in May, up from 3% the previous month, Eurostat said Tuesday. That’s in line with the median estimate in a Bloomberg survey . Core inflation, which excludes volatile items like food and energy, quickened more than anticipated to 2.5%, while the closely watched services gauge jumped to 3.5%. The ECB is expected to deliver its first increase in borrowing costs since September 2023 on June 11, with officials appearing to have concluded that they can no longer wait to respond to the fallout from the Middle East conflict. They’re worried chiefly about workers demanding steep pay rises and firms boosting selling prices, viewing such consequences as probably now inevitable as the war drags on. Most policymakers, however, remain cautious on the path beyond June as growth in the region’s 21-nation economy also takes a hit. Business activity shrank in May at the quickest pace since 2023. Executive Board member Isabel Schnabel , seen as the most hawkish Governing Council member, suggested Monday that it’s too early to specify how many rate increases may be needed. Lithuania’s Gediminas Simkus has said a second move after June “is more likely than not ,” though it’s unclear when. “For me, there’s no decision whether we should wait any longer” this month, he said Tuesday. “It’s quite important to react in a timely manner to this emerging inflationary environment so we can prevent a possible acceleration of inflation and the inflationary spiral, prevent it at its very beginning with the least possible impact on the economy.” Data last week showed inflation gathering pace in three of the bloc’s biggest member states, and remaining well above the ECB’s 2% target in all of them. Propelled by the war-induced surge in energy costs, May readings for France , Italy and Spain q...
(Bloomberg) -- SK Hynix Inc. plans to double its memory chip capacity over the coming half-decade, a major expansion that should help ease a global shortage of an essential component of AI.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Say...
(Bloomberg) -- SK Hynix Inc. plans to double its memory chip capacity over the coming half-decade, a major expansion that should help ease a global shortage of an essential component of AI.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in Case That Spooke
(RTTNews) - Swedish lock maker Assa Abloy AB (ASS.L, ASAZF, ASSAb.ST) on Tuesday announced that it has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company, to expand its presence in the country. Financial terms of the deal were not disclosed.
(RTTNews) - Swedish lock maker Assa Abloy AB (ASS.L, ASAZF, ASSAb.ST) on Tuesday announced that it has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company, to expand its presence in the country. Financial terms of the deal were not disclosed.
Eriz Razak/iStock via Getty Images Poor countries continued to catch up with richer economies despite rising protectionism and weaker globalization trends, according to Goldman Sachs analysis led by Kevin Daly. In a report, Daly argued that convergence remains “alive and well” once countries are weighted by population size rather than treated equally regardless of scale. The analysis said earlier ...
Eriz Razak/iStock via Getty Images Poor countries continued to catch up with richer economies despite rising protectionism and weaker globalization trends, according to Goldman Sachs analysis led by Kevin Daly. In a report, Daly argued that convergence remains “alive and well” once countries are weighted by population size rather than treated equally regardless of scale. The analysis said earlier studies understated convergence because they gave the same weight to small economies as heavily populated countries such as China and India. China, India, Indonesia, and Bangladesh have been the largest contributors to global convergence over the past several decades, according to the report. Together, the four countries account for more than 40% of the world’s population. China’s GDP per capita rose from just over 2% of U.S. levels in 1980 to roughly 33% today, while India and several Southeast Asian economies also narrowed the income gap significantly. Goldman found low-income economies consistently outgrew high-income economies on a population-weighted basis across every decade since the 1980s, though the pace moderated following the pandemic and the 2025 tariff shock. The report projected emerging-market economies would continue expanding faster than developed markets over the long run, with annual EM growth forecast at 3.8% during 2024-29 versus 1.8% for developed economies. Here are Emerging Market ETFs: ( IEMG ), ( VWO ), ( EEM ), ( SPEM ), ( SCHE ), and ( AVEM ). China ETFs: ( KWEB ), ( PGJ ), ( CQQQ ), ( FXI ), ( GXC ), ( MCHI ), ( FLCH ), ( CNYA ), ( ASHR ), and ( YINN ). More related stories FXI And MCHI: China Is A Perfect Example Of A Value Trap EEM Vs. VWO: A Definition Cost Investors 10% Trump-Xi Summit: Rare Earths, Oil, And A Fragile Truce Asia stocks mixed amid U.S.-Iran uncertainty; Nikkei and KOSPI retreat from records China Shock 2.0 differs from 2000s export boom, Fed says