Terry Duffy, CME Group Scott Mlyn | CNBC CME Group‘s longtime leader Terry Duffy will step down as chief executive officer next year, succeeded by President and Chief Financial Officer Lynne Fitzpatrick. Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Tuesday. It marks a more than two-decade run that…
Gywnne Shotwell, President and COO of SpaceX, celebrates the SpaceX IPO with executives at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC In many ways, SpaceX is a lot like bitcoin: it has no earnings, no yield, is so far extremely volatile, and has about as many haters as it does hardcore believers. …
In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea. U.S. Central Command | Getty Images At least three Iranian tankers carrying…
SpaceX IPO at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC SpaceX options on their first day of trading showed about a 15% chance for the stock to rise by 50% and a similar possibility that it loses half its value in the next three months, according to Susquehanna. The stock saw the…
California Governor Gavin Newsom speaks during the Munich Security Conference (MSC) in Munich, Germany, February 13, 2026. Liesa Johannssen | Reuters Chances that a proposed billionaire tax will appear on California’s ballot dropped from 88% to 35.5% over the last week on prediction markets platform Kalshi. The plunge arrives on the heels of reports from…
SpaceX displayed outside the Nasdaq as the company launches their IPO on June 12th, 2026. Adam Jeffery | CNBC SpaceX options are officially listed, and they’re off to the races. Less than 30 minutes into the session, SpaceX options are already the third-most traded among single stocks, behind Tesla and Nvidia, which typically trade millions…
Amid heightened anticipation, Kevin Warsh will head his first meeting as Federal Reserve chairman but is expected do very little, at least initially, according to the latest CNBC Fed Survey. The 32 respondents, including economists, fund managers and strategists, as a group see no rate change at this meeting or any meeting through 2027. But…
SpaceX shares surged 11% in premarket trading on Tuesday, as Elon Musk’s rocket-builder continued its meteoric rise following a record-breaking IPO on Friday. Musk, who serves as CEO of SpaceX, posted on X on Sunday that the company “might be able to reach approximately” $1 trillion revenue in 2030.” That would be a huge jump…
Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC’s “Fast Money,” defending his agency’s decision to approve the asset domestically. Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed internationally to ensure…
The U.S. Strategic Petroleum Reserve has fallen to the lowest level in more than 40 years as emergency stocks are released to help ease the supply disruption triggered by the Iran war. The SPR stood at 340.3 million barrels as of June 12, the lowest level since the summer of 1983, according to data released…
