WASHINGTON – Kevin Warsh‘s first meeting as Federal Reserve chairman concluded Wednesday with no change in interest rates and a nod to possible hikes ahead. The meeting also saw the removal of key language indicating a bias toward future cuts within a dramatically shorter policy statement. The Federal Open Market Committee voted unanimously to keep…
New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Wednesday’s Federal Open Market Committee statement looked drastically different than those issued after previous meetings, offering one…
SpaceX shares sank on Wednesday, putting a damper on momentum after a red-hot first few days of trading. The Elon Musk-led company has seen its stock surge around 40% since its blockbuster IPO on Friday, which offered shares at a set $135. The first few days of gains for SpaceX pushed its market cap above…
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…
CNBC’s Jim Cramer said Tuesday that investors flocking to SpaceX are betting on Elon Musk’s ability to create transformative businesses — not the company’s current earnings power. “The stock is called SpaceX, but it might as well be called Elon Musk,” the “Mad Money” host said. SpaceX has quickly become one of the world’s most…
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…
Stock Chart IconStock chart icon Cava’s year-to-date stock performance. CAVA: “Yes, you want to buy Cava. I think it’s the best of the new concepts. I think there’s something there for everybody. There really is. It’s tasty, clean, fun.” Stock Chart IconStock chart icon Immunitybio’s year-to-date stock performance. Immunitybio: “I will tell you, that’s going…
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…
