The Federal Reserve, led by new Chairman Kevin Warsh, is expected to keep interest rates steady in its latest policy decision, with Warsh possibly not participating in the traditional rate outlook 'dot plot.' Meanwhile, President Trump signaled a tough stance on the Iran deal at the G7 summit, causing a slight rise in oil prices. In markets, SpaceX shares continue to climb, boosting its market value above Amazon and Microsoft briefly. Carvana is innovating in car sales with a new dealership model, and Snap launched expensive AR glasses amid skepticism from investors. Additionally, a new affordable housing bill limiting investor purchases of single-family homes is advancing rapidly in Congress.
RiverFront Investment Group maintains an overweight stance on US technology stocks, arguing that current valuations and earnings quality differ significantly from the 1999 dot-com bubble. Tech stocks trade at about 23x forward earnings versus 40x in ...
Shares of space-related companies like Planet Labs, Intuitive Machines, Firefly Aerospace, and Virgin Galactic dropped sharply amid no company-specific bad news. The selloff is driven by investor capital rotating toward SpaceX, which recently went pu...
SpaceX announced it will acquire Anysphere, the parent company of AI code-writing startup Cursor, for $60 billion in an all-stock deal expected to close in Q3. This move follows SpaceX's record-breaking IPO and aligns with Elon Musk's growing focus o...
Elon Musk's SpaceX recently went public, raising questions about a potential IPO for its Starlink subsidiary. Data from prediction market Kalshi shows only a 7-10% chance of a Starlink IPO announcement before mid-2027. Meanwhile, Musk predicts SpaceX...
SpaceX shares jumped 16% to about $187 following its recent IPO priced at $135, driving a rally in the space sector. Rocket Lab's stock rose 7% to $109, benefiting from the positive momentum and strong financial results, including a 64% revenue incre...
