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

Josh Brown thinks investors want more than index funds

Josh Brown, one of Wall Street’s most recognizable financial advisers, said the rise of passive investing has created demand for a different kind of product: a concentrated portfolio aimed at capturing the market’s biggest winners. The CEO of Ritholtz Wealth Management and CNBC contributor recently launched Porterhouse, a separately managed account named after the premium…

Read More

Average U.S. household paying $450 more on gas and energy

Americans have spent nearly $450 extra per household on rising energy costs during the Iran war, according to an analysis shared exclusively with CNBC’s Steve Liesman. The average household has shelled out $447.19 for additional fuel-related expenses since the conflict began on Feb. 28, data from Moody’s Analytics found. That’s cumulatively cost American consumers nearly…

Read More