Luxury stocks saw a sharp uptick after a proposed Iran-U.S. deal outlined a reopening of the Strait of Hormuz and lifting of U.S. oil sanctions, according to Iran state media on Friday. Shares of LVMH, Gucci-owner Kering, and Hermes were up about 5%. Swiss group Richemont rose about 3.4% while the pan-European Stoxx 600 index…
The draft version of the Iran-U.S. memorandum of understanding includes a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz, Iranian state media reported Friday. The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the…
SpaceX facilities in Hawthorne, California, April 13, 2026. Ethan Swope | Bloomberg | Getty Images SpaceX is set to debut on the Nasdaq on Friday, and traders on the prediction market platform Polymarket are confident shares will pop. The Elon Musk-led rocket company is expected to price at $135 per share, already giving it a…
Protesters gather with banners and placards outside the offices of Google Deepmind at a protest organized by PauseAI UK and other groups concerned in controlling the development of advanced Artificial Intelligence systems, in London on February 28, 2026. (Photo by JUSTIN TALLIS / AFP via Getty Images) Justin Tallis | Afp | Getty Images With…
SpaceX is allocating a smaller-than-expected portion of its blockbuster initial public offering to retail investors, according to a person familiar with the matter. The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, including international individual investors, online brokerages and private-bank clients, the person said. The…
SpaceX is officially set for the largest IPO on record. Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, Musk’s…
Kpop group BTS pose for photographs upon their arrival for ‘BTS The Comeback Live Arirang’ concert in central Seoul, South Korea, on March 21, 2026. Handout | Via Reuters On Friday, tens of thousands of BTS fans will descend on Busan, South Korea, as the seven-member group stages its second stop in the country as…
HANGZHOU, CHINA – JUNE 02: General Secretary of the Lao People’s Revolutionary Party Central Committee and Lao President Thongloun Sisoulith watches DR02 humanoid robot performance at Deep Robotics on June 2, 2026 in Hangzhou, Zhejiang Province of China. Wang Gang | China News Service | Getty Images The rush of capital into China’s tech start-up…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes the Middle East conflict could be nearing its end. U.S. crude oil futures for July delivery fell 1.65% to $86.26 per barrel, while August…
U.S. Attorney for the District of Columbia Jeanine Pirro announces charges in connection with an international car theft ring during a press conference at the Justice Department in Washington, D.C., U.S., April 22, 2026. Nathan Howard | Reuters A federal judge in Washington on Thursday denied a prosecutor’s request to erase the record of the…
