Khanchit Khirisutchalual SpaceX ( SPACE ) expects to proceed with its acquisition of artificial intelligence coding startup Cursor 30 days after Elon Musk’s company begins trading publicly, Bloomberg News reported. Musk’s rocket, satellite, and AI giant is expected to file for an initial public offering as soon as Wednesday and list its shares on June 12. If the plan goes as expected, SpaceX would...
Khanchit Khirisutchalual SpaceX ( SPACE ) expects to proceed with its acquisition of artificial intelligence coding startup Cursor 30 days after Elon Musk’s company begins trading publicly, Bloomberg News reported. Musk’s rocket, satellite, and AI giant is expected to file for an initial public offering as soon as Wednesday and list its shares on June 12. If the plan goes as expected, SpaceX would be on track to acquire Cursor in July, the report added. If the deal doesn’t go through, SpaceX would pay Cursor a $10B breakup fee in cash. Last year in November, Cursor raised about $2.3B at a $29.3B post-money valuation in a Series D funding round, which included existing investors, including Accel, Thrive, and Andreessen Horowitz, and new partners Coatue, Nvidia ( NVDA ), and Alphabet's Google ( GOOG ) ( GOOGL ). More on SpaceX, xAI SpaceX IPO: Accelerated S&P 500 Inclusion Could Create A Liquidity Vacuum To A Trillion(s) Dollars And Beyond: A SpaceX IPO Odyssey SpaceX: $1.75T IPO And 220x EV/EBITDA Could Trigger Surge In Aerospace And Defense SpaceX IPO: Goldman Sachs reportedly chosen to lead record-breaking offering SpaceX Starship test puts IPO narrative on the launch pad
The selloff in longer-maturity government bonds has pushed up yields to levels last seen during the global financial crisis, and strategists are warning the losses have room to run. The surge in global inflation expectations driven by rising oil prices has seen Bloomberg’s gauge of the average yield-to-maturity on sovereign debt due a decade or longer climb to the highest since July 2008. Crude co...
The selloff in longer-maturity government bonds has pushed up yields to levels last seen during the global financial crisis, and strategists are warning the losses have room to run. The surge in global inflation expectations driven by rising oil prices has seen Bloomberg’s gauge of the average yield-to-maturity on sovereign debt due a decade or longer climb to the highest since July 2008. Crude costs have powered ahead as the war in Iran has choked off the vital Strait of Hormuz waterway. “We’re seeing a broader repricing of duration driven by fiscal realities, persistent inflation risks and some political uncertainty, as well as a more demanding investor base,” said Patrick Coffey , head of a research group at Barclays Plc in London. “It’s hard to point to a near-term catalyst outside of the reopening of the Strait of Hormuz that could fully reverse the current selloff.” Global bond yields have surged in recent weeks on concern the jump in energy costs will feed into everything from plastic bottles for soda to gasoline for tractors needed to harvest crops. Add in worries over government spending in Japan, the UK and the US, as well as an artificial intelligence boom supporting growth in the world’s biggest economy, and investors have been seeking greater compensation to own longer-maturity debt. Yields on US 30-year Treasuries have jumped almost 60 basis points since the start of the Iran war to reach 5.20%, its highest level since July 2007. Similar tenor debt in the UK has climbed to the highest since 1998 as a political crisis envelops the gilt market, overtaking Australia to become the highest-yielder among developed markets. “I do think chances are high for 10-year US yields to break through the 4.75% next,”said Monica Hsiao , chief investment officer at Triada Capital Ltd. in Hong Kong. “The main issue is longer term oil prices and the war not seeing a way to off-ramp into peace.” In addition to Iran headlines, heavy bond issuance and term premium repricing, ...
Rugby league representative player Jai Arrow has retired from the NRL following a shock medical diagnosis of motor neurone disease (MND). Souths’ reigning player of the year, who played 12 matches for Queensland, had not played in the NRL in 2026 after an issue in pre-season that was described as a shoulder injury. The 30-year-old issued a statement on Wednesday confirming that, after months of te...
Rugby league representative player Jai Arrow has retired from the NRL following a shock medical diagnosis of motor neurone disease (MND). Souths’ reigning player of the year, who played 12 matches for Queensland, had not played in the NRL in 2026 after an issue in pre-season that was described as a shoulder injury. The 30-year-old issued a statement on Wednesday confirming that, after months of testing, he had recently received the diagnosis. “After extensive medical testing and consultations regarding ongoing symptoms, I have recently received a diagnosis relating to a nerve and neurological condition,” he said. “Further tests, specialist reviews and medical processes are still ongoing, and my doctors are continuing to assess my condition. “Over recent months, my symptoms have affected different parts of my everyday life. “On medical advice, I am not currently medically cleared to train or play at the required level, and I will be stepping away from those duties while I focus fully on my health, treatment, and rehabilitation.” Around 2,750 people are living with MND in Australia. The condition describes a group of diseases that impact nerve cells which carry messages from the brain to muscles through the spinal cord. MND is life threatening, though the speed it affects each person is different. There is currently no cure. Souths coach Wayne Bennett – who coached Arrow at the Rabbitohs and at the Broncos where he made his NRL debut almost a decade ago – described the backrower as “an honest, genuine, hard-working young man” who always puts his family and team before himself. “He has always been the same,” Bennett said. “This is a difficult time for Jai and his family, however we want to pay tribute to him for everything he has given his teammates, his coaches and his communities in Brisbane, the Gold Coast, the people of Queensland, and here in south Sydney. “Most importantly, we pay tribute to him for the family man he has become. He is a special guy and we’re all ...
Chinese President Xi Jinping hosted Russian President Vladimir Putin in Beijing on Wednesday. Putin’s trip to Beijing came only days after US President Donald Trump’s closely watched visit to the Chinese capital, and the back-to-back summits highlighted the strong trust between Beijing and Moscow and China’s ability to manage ties with the two major powers. Here are the main takeaways from their t...
Chinese President Xi Jinping hosted Russian President Vladimir Putin in Beijing on Wednesday. Putin’s trip to Beijing came only days after US President Donald Trump’s closely watched visit to the Chinese capital, and the back-to-back summits highlighted the strong trust between Beijing and Moscow and China’s ability to manage ties with the two major powers. Here are the main takeaways from their talks on Wednesday morning ‘Jungle law’ Xi warned against the risk of a regression to “jungle law” in global affairs, stressing the need to push for “back-to-back” strategic coordination with Russia. Advertisement The two countries renewed their friendship treaty. Putin described Russia-China ties as being at an “unprecedented level”. Advertisement “Our cooperation in foreign policy is one of the main stabilising factors on the international stage. A complex process of forming a polycentric world based on a balance of interests of all its participants is under way,” Putin said, according to a readout from the Kremlin.
Berkshire Hathaway (BRKA 1.29%) (BRKB 1.62%) is entering a new era. The conglomerate that Warren Buffett built over decades has a new CEO, Greg Abel, who took over from the Oracle of Omaha on Jan. 1. In his first full quarter as the head of Berkshire Hathaway, Abel oversaw some notable moves. For instance, the company exited its positions in several stocks, including Amazon (AMZN 2.08%). Some may ...
Berkshire Hathaway (BRKA 1.29%) (BRKB 1.62%) is entering a new era. The conglomerate that Warren Buffett built over decades has a new CEO, Greg Abel, who took over from the Oracle of Omaha on Jan. 1. In his first full quarter as the head of Berkshire Hathaway, Abel oversaw some notable moves. For instance, the company exited its positions in several stocks, including Amazon (AMZN 2.08%). Some may find that decision puzzling. Amazon is a leader in cloud computing, artificial intelligence (AI), and e-commerce, and arguably possesses a wide moat from several sources. And with the AI industry still in full swing, Amazon may be a great pick to capitalize on it. However, Abel and his team haven't given up on AI. There are at least two stocks in Berkshire Hathaway's portfolio that could be major winners from the AI revolution. Read on to find out more. 1. Alphabet Berkshire Hathaway first bought Alphabet's (GOOGL 2.36%) (GOOG 2.13%) Class A shares (which grant voting rights) in the third quarter of 2025. In the first quarter, the company increased its stake in this position by 204%, while also adding Alphabet's Class C shares (which come with no voting rights). The conglomerate is clearly excited about the future of Alphabet, and it is not surprising. Alphabet has many of the qualities of Buffett-style investing. For one, it is a fairly straightforward, easy-to-understand business. Alphabet is the leading search engine company in the world through Google and also owns the largest video-sharing platform on the web, YouTube. The company generates significant revenue from advertising and various subscriptions. Then there is Alphabet's current fastest-growing segment, Google Cloud, which offers a range of cloud computing services, primarily via an attractive, flexible pay-as-you-go model. Alphabet has other businesses, but these make up its core. Expand NASDAQ : GOOGL Alphabet Today's Change ( -2.36 %) $ -9.35 Current Price $ 387.59 Key Data Points Market Cap $4.7T Day's Range...
Australian Energy Producers CEO Samantha McCulloch addresses the pressing challenges facing Australia’s energy sector. She speaks with Paul Allen from the sidelines of 'Australian Energy Producers Conference & Exhibition 2026' in Adelaide. (Source: Bloomberg)
Australian Energy Producers CEO Samantha McCulloch addresses the pressing challenges facing Australia’s energy sector. She speaks with Paul Allen from the sidelines of 'Australian Energy Producers Conference & Exhibition 2026' in Adelaide. (Source: Bloomberg)
China will buy 200 Boeing ( BA ) aircraft and work with the U.S. to reduce tariffs, confirming some details from the outcome of President Donald Trump’s visit to Beijing last week, as per reports. The statement marked Beijing's first confirmation of the Boeing order, according to Reuters . Trump has said after the Beijing summit that the Boeing purchases could rise to as many as 750 planes, addi...
China will buy 200 Boeing ( BA ) aircraft and work with the U.S. to reduce tariffs, confirming some details from the outcome of President Donald Trump’s visit to Beijing last week, as per reports. The statement marked Beijing's first confirmation of the Boeing order, according to Reuters . Trump has said after the Beijing summit that the Boeing purchases could rise to as many as 750 planes, adding that they would have GE ( GE ) Aerospace engines. The U.S. will provide China with supply guarantees for aircraft engine parts and components under the Boeing ( BA ) deal, the Chinese ministry said. The two sides will seek reciprocal tariff cuts on $30B or more of goods each, it said, adding that U.S. tariffs on China must not exceed the level set under the Kuala Lumpur arrangement. More on Boeing Boeing's Preferred And Common Shares Have Similar Risk And Reward: Both Are A Hold Boeing Is Beating Airbus Where It Matters Most CliffsNotes IBM, Boeing Earnings Summaries: Boeing's OK; IBM Is All About What Management Didn't Say Boeing wins two defense deals worth $647M for training & helicopter programs Boeing fuel switch testing draws Indian regulators to Seattle ahead of Air India crash report