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…
Razer CEO Tan Min-Liang speaks onstage with CNBC’s Joanna Ossinger at Singapore’s Super AI convention on June 11, 2026. SuperAI 2026 Blockbuster public offerings from companies involved in the global artificial intelligence race could be an enduring feature of the industry, Min-Liang Tan, CEO at Singaporean gaming company Razer, said Thursday, ahead of a series…
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…
Hugo Boss shares popped 6% Thursday after its biggest shareholder, Frasers Group announced a 2-billion-euro takeover offer for the German fashion company. Frasers, which has a 26% stake in Hugo Boss, said late Wednesday it is offering 38 euros per share in cash for the remainder of Hugo Boss shares, marking a total consideration of…
CNBC’s Jim Cramer said Wednesday that one of the biggest risks facing the upcoming SpaceX IPO isn’t a lack of demand — it’s the possibility that too many investors are looking for a quick profit. “The speculators aren’t there for the long haul. They may not even be there for the afternoon,” the “Mad Money”…
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 10, 2026 in New York City. Michael M. Santiago | Getty Images As hostilities in the Middle East flare up again, investors are increasingly grappling with the possibility of a prolonged conflict and pricing in a “long grind.” The…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. India is home to the world’s most prolific filmmaking industry. This week, industry executives told me that generative AI adoption is accelerating as producers…
OpenAI Ceo Sam Altman speaks to journalists after meeting with US House Minority Leader Hakeem Jeffries on Capitol Hill in Washington, DC, on June 3, 2026. Brendan Smialowski | AFP | Getty Images OpenAI is mulling sharp price cuts to its artificial intelligence offerings, as it looks to woo consumers away from rival Anthropic, the…
The U.S. has completed strikes it launched in Iran on Wednesday at President Donald Trump‘s direction, U.S. Central Command said. The strikes were completed at 9:04 p.m. ET, CENTCOM said, adding it hit Iranian military surveillance capabilities, communication systems, and air defense sites. U.S. forces fired on Iranian targets that “posed a threat to U.S….
An employee of Basra Oil Company, works at the Nahr Bin Umar Oil and Gas Field on the outskirts of the southern Iraqi city of Basra on April 29, 2026. Hussein Faleh | Afp | Getty Images Oil prices jumped Thursday after the U.S. launched a fresh round of military strikes against Iran, stoking worries…
