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.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
