Despite the recent pullback, SpaceX (SPCX) stock continues to trade well above its IPO price of $135, leaving cautious investors wary of buying at current levels.For them, a key question is: how to capture the multi-billion-dollar secular expansion of the orbital economy without absorbing excessive single-stock risk.And the answer may…
Hyundai Motor Group is moving closer to full control of Boston Dynamics, with plans to buy SoftBank Group’s remaining 9.65% stake in the US robotics company for $325 million, according to South Korea’s Maeil Business Newspaper.Hyundai’s board is expected to meet on June 22 to approve the purchase, the report…
Asian stocks advanced on Friday, with Japan and South Korea setting fresh records, as the reopening of the Strait of Hormuz pulled oil prices lower and gave investors a stronger disinflation story to trade. The rally was not risk-free. The dollar hovered near a 13-month high after the Federal Reserve’s…
Indian IT shares fell sharply on Friday after Accenture’s weaker outlook revived concerns that global technology spending remains fragile despite strong investor enthusiasm around artificial intelligence.The Nifty IT index dropped as much as 5.8%, making it one of the worst-performing sector gauges in Mumbai, after Accenture lowered the upper end…
US retail and food services sales increased in May 2026, reflecting continued strength in consumer spending and exceeding market expectations, according to advance estimates released by the US Census Bureau.The Census Bureau reported that advance estimates of retail and food services sales, adjusted for seasonal variation and holiday and trading-day…
Federal Reserve officials left interest rates unchanged on Wednesday and revealed a growing divide over the future path of monetary policy, as the central bank’s first meeting under new Chair Kevin Warsh highlighted rising inflation concerns and uncertainty over the economic outlook.The Federal Open Market Committee voted unanimously to maintain…
Federal Reserve Chair Kevin Warsh used his first press conference as the central bank’s leader on Wednesday to announce a broad review of the institution’s policies and operations, unveiling five new task forces while emphasizing the Fed’s commitment to price stability.The announcement came after Federal Reserve officials unanimously voted to…
Citigroup has revised its expectations for US Federal Reserve interest rate cuts, pushing back its projected timeline by one month as policymakers adopt a more hawkish stance and inflation concerns persist.The Wall Street firm now expects the Federal Reserve to cut interest rates in October and December 2026, followed by…
UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of England’s latest interest rate decision.The latest data indicated that Britain’s labour market continues to show resilience despite signs of easing…
The Bank of England left its benchmark interest rate unchanged at 3.75% in June, maintaining its cautious stance amid ongoing uncertainty surrounding inflationary pressures linked to recent geopolitical developments.The central bank’s Monetary Policy Committee voted 7-2 in favour of keeping rates on hold.External MPC member Megan Greene and Chief Economist…