SpaceX IPO is Musk ‘referendum,’ say market watchers

Elon Musk at SpaceX in Brownsville, Texas, May 27, 2025. Marvin Joseph | The Washington Post | Getty Images Friday’s hotly anticipated SpaceX public debut could prove a defining moment for capital markets — and be a “referendum” on Elon Musk’s leadership, according to market watchers. Musk’s eye-watering $1.75 trillion valuation target reflects a price-to-earnings…

Read More

Trump: 'I love the inflation'

Welcome to The Hill’s Business & Economy newsletter {Beacon} Business & Economy Business & Economy The Big Story Trump acknowledged price hikes in May amid Iran war: ‘I like inflation’ President Trump told reporters on Wednesday that he “likes inflation” when asked about the increase in inflation in May. Š AP “No, I like it…….

Read More

Social Security phone helpline wait times at record low

Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social Security hearing in Washington, DC, US, on Wednesday, June 10, 2026. Tierney L. Cross | Bloomberg | Getty Images Social Security Administration Commissioner Frank Bisignano told Congress on Wednesday that the agency has improved one…

Read More