Wall Street sees one clear winner from the World Cup gambling boom
Several investment banks think DraftKings will benefit the most from the soccer tournament that kicks off Thursday.
Iran threatens Elon Musk’s companies in Middle East: Iranian state media
Iran will consider all of Elon Musk’s companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media reported.
South Korea’s stock market rout isn’t a vote against the country, market exchange chief says
“This is a rebalancing exercise, and has nothing to do with any loss of conviction in the Korean market,” Korea Exchange CEO Jeong Eun-bo said.
ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
The European Central Bank also raised its inflation forecasts and cut its growth outlook.
SpaceX IPO is a ‘referendum’ on Musk, say market watchers
Friday’s hotly anticipated SpaceX market debut could prove a defining moment for capital markets — and serve as a “referendum” on Elon Musk’s leadership.
U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf
India’s gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country.
AI mega-listings are ‘just the start,’ Razer CEO says, ahead of historic SpaceX IPO
Blockbuster public offerings from AI companies could be an enduring feature of the industry, Razer CEO Min-Liang Tan said Thursday, ahead of several mega IPOs.
Private credit has ‘growing pains,’ but a Man Group exec sees opportunities in higher rates
Private credit is facing liquidity-related “growing pains,” but higher-for-longer interest rates could create attractive yield opportunities, Man Group said.
Hugo Boss pops 8% after top shareholder Frasers launches $2 billion takeover offer
British retail group Frasers owns a roughly 26% stake in Hugo Boss.
CNBC Daily Open: ECB heads for a hike amid Iran energy price pressures
The European Central Bank is expected to make its first interest rate hike in nearly three years amid increasing inflationary pressure due to the Iran war.
