Elon Musk’s SpaceX eyes $1.77tn valuation ahead of historic IPO
Texas-based rocket company announces plans to sell shares at $135 apiece, aiming to raise approximately $75bn.
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Oil prices fall amid mixed signals on US-Iran peace deal
Japan’s stock market surges to record high on hopes of an end to US-Israel war on Iran.
Kevin Warsh sworn in as new US Fed chair
Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.
South Korea’s stock market soars as Samsung union calls off planned strike
Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.
Elon Musk’s SpaceX unveils filing for blockbuster IPO
A successful sale could value the company at a record-setting $1.75 trillion.
James Murdoch to acquire New York Magazine and Vox Media Podcast Network
The deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division.
Meta cuts 8,000 jobs in sweeping global layoffs
Meta cancels hiring plans for 6,000 roles amid ongoing layoffs and a pivot to artificial intelligence development.
Controlled reopening ends Iran’s lengthy stock market shutdown
Stocks in companies hit by US and Israeli strikes, such as energy and steel firms, didn’t take part in the reopening.
US drops fraud charges after billionaire Adani pledges $10bn investment
Adani was accused of bribing Indian officials and misleading US investors to secure a solar power plant project in India.
NextEra, Dominion to create huge power biz as AI drives US energy demand
One of the biggest proposed mergers this year, companies’ union will create world’s biggest regulated electric utility.
Iran eyes challenging stock market reopening after lengthy war closure
The capital market is not Iranian economy’s main financing engine, but it still matters politically and psychologically.
