SpaceX SPCX has hit the market, but the buzz around it continues to remain with another question that is increasingly capturing Wall Street’s attention: could Elon Musk eventually merge his rocket company with Tesla? The idea, once considered far-fetched, has gained traction among analysts, investors and even employees close to Musk’s businesses. In the run-up
SpaceX (SPCX) made history on Friday – raising $75 billion in the largest IPO “ever” – promptly gaining 19% in its Nasdaq debut. The frenzy is real, the story is compelling, but the valuation, hovering around the $2 trillion mark, is already priced for perfection. And for investors who prefer conviction over crowd psychology, there
Crude oil prices retreated on Hyperliquid as investors focused on the upcoming deal between the US and Iran. Brent crude oil fell to $84 from the year-to-date high of $126, while the West Texas Intermediate (WTI) fell to $81. Still, some major risks may threaten the falling oil prices. Crude oil price falls ahead of
HYPE crypto price jumped for three consecutive days, helped by the ongoing Hyperliquid volume surge. Hyperliquid’s token rose to $60, up by 15% from its lowest point this month, and this trend may continue, especially after the SpaceX IPO boost. SpaceX IPO boosted Hyperliquid’s volume Data shows that Hyperliquid has become one of the fastest-growing
The S&P 500 Index and its top ETFs, like State Street’s SPY, Vanguard’s VOO, and BlackRock’s IVV jumped for two consecutive days. It jumped to $7,430, up modestly from this month’s low of $7,240. This article looks at some of the top news to watch this week. US and Iran deal to end the war
Energy markets are showing signs of complacency in the face of a major supply shock caused by the ongoing closure of the Strait of Hormuz, according to ING Economics. Despite three months of restricted flows and little tangible progress in US-Iran negotiations, oil and gas prices have failed to fully price in the severity and
The US tech sector has had a torrid time of late. Ever since Broadcom issued some disappointing forward guidance, along with a solid, consensus-beating first-quarter result, tech stocks have been on the back foot. Then, just as investors were starting to ask if the US non-farm payroll release was still the most important monthly data
Nvidia is expanding its presence in healthcare artificial intelligence through a new partnership with medical technology startup Abridge, as competition intensifies among technology companies seeking to apply AI tools across the healthcare industry. According to a report by The Wall Street Journal, Nvidia and Abridge are developing an AI model specifically designed for clinical conversations
Oil prices have continued to rise on Thursday as geopolitical tensions simmered with the latest US strikes against Iran. Gold and silver extended their losses as higher energy prices and expectations of elevated interest rates for longer dampened sentiments in the precious metals market. Gold prices had rebounded slightly earlier in the day, but failed
Caterpillar stock price has pulled back in the past few days, moving from the year-to-date high of $947 on June 4 to the current $856. This retreat happened after it formed the risky double-top pattern on the daily chart. Valuation concerns remain amid the AI boom Caterpillar, a top industrial company known for making large