Sen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governance
Sen. Elizabeth Warren noted Elon Musk’s “uniquely unchecked” power as SpaceX’s majority shareholder and other concerns in a letter to the SEC.
Kuwait closes airspace, Israel warns of launches from Lebanon after U.S strikes in Iran
President Donald Trump promised more attacks on Iran after strikes resumed this week. Earlier this week, he said a deal to end the war was near.
Private credit lenders say their big software bet faces an AI reckoning — but not a ‘SaaSpocalypse’
Private credit’s exposure to software is being tested by AI, as lenders look past “SaaSpocalypse” fears to identify winners and losers.
The World Cup will likely be the biggest gambling event in history
Global wagers on the 2026 World Cup could top $50 billion, according to Macquarie analyst Chad Beynon. That’s up from more than $35 billion in the 2022 tournament.
Gold, silver and bitcoin fall as traders up Fed rate hike bets
Precious metals were firmly in negative territory, as fears about inflation and the Federal Reserve’s interest rate path weighed on investor sentiment.
Two reasons for optimism after Tuesday’s whipsaw market sell-off
There’s reason for optimism, judging by bullish options flows around stocks that do better when interest-rates stay lower, and call-buyers who are prepared for the biggest move in Oracle since Covid.
Bank of Japan governor Ueda hospitalised, will miss June meeting
The BOJ is widely expected to raise its short-term policy rate to 1% from 0.75% at next week’s meeting.
10-year Treasury yield is steady even after data showing highest inflation since 2023
U.S. Treasury yields were little changed on Wednesday as traders assessed critical inflation data.
Meta agrees to Indian AI data center deal as hyperscaler bolsters its infrastructure
Meta signs a deal with Mukesh Ambani’s Reliance Industries to lease an AI-enabled data center in India.
Energy prices take center stage as the ECB prepares to decide on rates
The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.
