SpaceX's historic market debut valued the company at about $2.1 trillion, sparking massive retail interest and record traffic on Robinhood. Jim Cramer predicts this could accelerate AI-related stock offerings, with companies like Anthropic potentially speeding up IPO plans. He also suggests Microsoft, Meta, and Amazon might capitalize on favorable conditions to fund AI projects. Upcoming events include Fed Chair Kevin Warsh's comments on rate cuts and earnings reports from Kroger and Accenture, with a Nasdaq-100 rebalance also scheduled.
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...
