Author: admin
According to Evercore ISI, SpaceX’s IPO is about to start the next phase of the bull market. Equity strategist Julien Emanuel predicts that the rocket maker’s debut on Friday could push the S&P 500 index to $9,000 in his bullish case, or more than 20% above last week’s closing price of $7,431.46. His base case of 7,750 would imply an increase of just 4% from current levels. Emanuel compared SpaceX’s early excitement to the Netscape IPO in 1995, which ushered in an era of optimism in the internet world before the bubble finally burst in 2000. He expects SpaceX, along…
SpaceX has attracted media, investor, and public attention for years. That interest was driven by the company’s reusable rocket launches, the rise of its Starlink satellite network, and, of course, founder and CEO Elon Musk. But in its 24-year history, nothing has matched the initial public offering. Everyone seemed interested, probably because of the size of the IPO. The company raised 555.6 million shares at a price of $135 per share, raising $75 billion. It was the largest IPO in history and made Musk the world’s first millionaire. TechCrunch has been following SpaceX’s early starts, struggles, and successes. And we’re…
NVIDIA Corp. Chief Executive Officer Jensen Hwang speaks to media members outside a restaurant in the Hongdae district of Seoul, South Korea, on Friday, June 5, 2026. Cho Sung Joon | Bloomberg | Getty ImagesNvidia The company aims to raise at least $20 billion in debt in its first bond sale since the AI boom began, according to a source familiar with the matter. In a document filed with the SEC on Monday, NVIDIA disclosed plans for a capital increase, but did not include a dollar amount. Earlier this year, the chipmaker announced it could raise up to $25 billion…
summary President Trump’s memorandum with Iran puts Netanyahu in an awkward political position ahead of October elections. The Israeli prime minister has remained largely silent about the deal, unlike President Obama’s staunch opposition to the 2015 deal. Netanyahu’s campaign had envisioned a winning trajectory against President Trump, but tensions have now soured relations between the two countries. AI-generated summaries were reviewed by CNN editors. tel aviv — Israeli Prime Minister Benjamin Netanyahu was huddled with his security ministers in a bunker late Sunday night, bracing for a possible Iranian ballistic missile, when his phone rang. President Donald Trump was on…
Chiefs’ Andy Reid addresses speculation that Travis Kelce, Taylor Swift’s wedding will be a distractionAndy Reid knows Travis Kelce will play, play, play, play, no matter what. That’s why the Kansas City Chiefs head coach isn’t concerned about his tight end preparing for his wedding to fiancée Taylor Swift ahead of the team’s 2026-2027 season. “Listen, he’s been here most of the offseason, if not the entire offseason, and it’s good to have him here. He’s done the mandatory camp and he’s done a great job there, so it’s good to have him back and active. He’s very excited,” Reid…
There are 13 different kick-off times for the 2026 World Cup. Al Jazeera Sports Widget lets you know exactly when your team will play in local time.Who: France vs SenegalContent: 2026 FIFA World CupLocation: New Jersey Stadium, New York, New Jersey, USADate and time: Tuesday, June 16th, 3pm local time (19:00 GMT)How to follow: Catch all the live updates on Al Jazeera SportsSenegal vs. France has to be one of the most memorable matches in World Cup history, but for Les Bleus it was for all the wrong reasons.Senegal, playing for the first time in the tournament, dominated the defending…
Bank stocks are improving from a technical perspective as market leadership extends beyond technology. The SPDR S&P Bank ETF (KBE) has a new technical catalyst on the price front, with its chart relative to the S&P 500 Index (SPX) turning a corner. Within the group, Citigroup (C) stands out with long-term bullish momentum and a recent breakout that supports further upside follow-through. KBE is breaking out of the triangle pattern with a bullish medium-term development in a long-term uptrend. This breakout is supported by positive momentum, with the weekly MACD showing a decisive rally. This increases the likelihood of upside…
Looking to keep up with the AI race and increase engagement with AI bots, Meta announced on Monday that it is rolling out new AI features to Facebook aimed at changing the way users find information, create content, and interact with the platform. The headline update is in “AI mode”. This is Facebook’s new search method that uses meta AI to surface answers pulled from public posts across the platform, including Groups and Reels. Instead of scrolling through search results, users can ask questions in plain language and get comprehensive answers based on what they’re actually discussing. Image credit: Meta…
Shailene Woodley reveals her brightest hair color yet with dramatic blonde transformationShailene Woodley Not her typical look. The 34-year-old changed her usual brunette hair to platinum blonde. As for the roots of this new “do,” she is currently working on her latest project. count my lies. And Woodley isn’t the only blonde bombshell on set as a co-star lindsay lohan Her lightened hair is twinned. Perhaps that’s not surprising. The upcoming Hulu limited series follows the charismatic and secretive couple Violet (Lohan) and Jay Lockhart (kit harrington). The show began filming in April, and Lohan and Woodley commemorated the occasion…
Stock market bulls are on track to start a new week of trading. Oil prices are plummeting on Monday following news of a memorandum of understanding between the US and Iran to end the war and reopen the vital Strait of Hormuz. This has improved the inflation outlook and lowered bond yields. Just in time for Federal Reserve Chairman Kevin Warsh’s first policy meeting as he leads the central bank this week. Additionally, SpaceX’s massive initial public offering went smoothly, allaying fears that a large supply of new shares would drag down the overall market. If Hormuz officially resumes oil…