Investment bank JP Morgan expects oil to remain in the "low $100s" even if the Strait of Hormuz were to reopen next month.
ACTUAISpaceX has proposed an IPO share price of $135, valuing the company at $1.75 trillion and aiming to raise a record $75 billion. This early price reveal is unusual, with trading set for June 12 on Nasdaq.
ACTUAIElon Musk is on the verge of becoming a trillionaire as SpaceX's IPO is set to value the company at $1.77 trillion. Musk's stake in SpaceX is worth $866.5 billion, and he also holds significant shares in Tesla.
ACTUAIAsia-Pacific markets opened lower Thursday, tracking Wall Street losses, as elevated oil prices due to Iran-U.S. tensions fueled inflation worries. Israel and the U.S. are prepared to strike Iran again if necessary, according to PM Netanyahu.
ACTUAICrowdStrike reported better-than-expected Q1 FY2027 results and forward guidance, including a 26% revenue increase to $1.39 billion and adjusted EPS of $1.10. Despite this, the stock fell over 11% as investors booked profits. The company also announced a 4-for-1 stock split. Analysts see AI adoption as a boon, not a threat, to cybersecurity.
ACTUAIAsia's market rankings are being reshaped by AI-driven gains in TSMC, Samsung, and SK Hynix, overshadowing India's consumption story. Experts cite inflation, a weaker rupee, and job market slowdown as reasons for foreign investor exits.
ACTUAIAsia-Pacific markets opened lower Thursday, mirroring Wall Street's decline, as escalating tensions between Iran and the U.S. pushed oil prices higher, fueling concerns over energy costs and inflation. Israel and the U.S. are prepared to strike Iran again if necessary.
