Reserve Bank governor Michele Bullock is using verbal communication as a secondary tool to manage inflation, alongside interest rate hikes. Despite holding rates steady, Bullock emphasized the possibility of future increases if necessary, though market expectations suggest a pause or even cuts.
Federal Reserve Chair Kevin Warsh may skip the upcoming "dot plot" release, a quarterly update on interest rate projections. This move, if it occurs, would break 14 years of tradition and could signal a shift in the Fed's communication strategy.
SpaceX has surpassed Amazon as the world's fifth-most valuable company following its $60bn acquisition of AI coding startup Cursor. The deal aims to bolster SpaceX's AI capabilities, particularly its xAI business, by integrating Cursor's successful coding tool and user base.
SpaceX's post-IPO trading, under ticker SPCX, resembles a crypto asset due to its extremely small public float. The stock's rally is fueled by limited supply and high demand, amplified by leveraged crypto derivatives and a new AI acquisition, but faces skepticism over its $3 trillion valuation.
Comcast Xfinity is now offering same-day Wi-Fi installation for new customers in 20 US markets, allowing them to receive a modem/router unit within hours of signing up. In-store pickup is also available at over 700 Xfinity stores nationwide.
Crypto markets remained stable Tuesday as Japan's central bank raised interest rates to a 30-year high of 1% to combat inflation. Despite concerns about the yen carry trade, Bitcoin held above $65,000, with traders appearing to have braced for a selloff.
Bow Echo, ridden by Billy Loughnane and trained by George Boughey, narrowly won the St James's Palace Stakes at Royal Ascot, remaining unbeaten. The race featured early scrimmaging, leading to a jockey suspension, and a close finish with Gstaad.
JSW Dulux is targeting a top-two position in India's paint market, planning aggressive expansion and significant investments in brands and manufacturing. Leveraging JSW Group's strengths, the company aims to capture growth in the expanding Indian market, with the Dulux brand central to its strategy.
SpaceX's market cap briefly surpassed Microsoft's and Amazon's following a strong IPO debut and a 12% share price increase on Tuesday. The company also announced a $60 billion acquisition of AI startup Cursor.
The CFTC has approved KalshiEX to list a Bitcoin perpetual futures contract (BTCPERP), marking a significant step for crypto derivatives in regulated US markets. This move could change how retail and institutional traders access leveraged Bitcoin exposure, bringing a popular crypto financial tool into the US regulatory framework.
Standard Chartered forecasts a $100 price target for Uniswap's UNI token by 2030, driven by the projected growth of tokenized assets and their potential integration into DeFi venues for liquidity. The bank's thesis hinges on open protocols capturing a significant share of this burgeoning market, though hybrid models and controlled access remain key considerations.
US stocks traded near record levels Tuesday, with the Dow Jones Industrial Average hitting an intraday all-time high. Falling oil prices and optimism over a US-Iran peace deal boosted investor sentiment, while SpaceX shares rallied significantly.
Sollers Group CEO Nikolay Sobolev anticipates a recovery in the Russian automobile market during the second half of this year. He projects the market to reach approximately last year's level in 2026, with a key factor for this revival being a reduction in the key interest rate.
Sports prediction markets are experiencing a surge in activity, with Kalshi setting a new daily trading record of $1.2 billion. Numerous companies, including Novig and ProphetX, are seeking CFTC approval to enter the space, which is already dominated by Kalshi and includes players like Polymarket, Robinhood, and major sportsbooks.
Sollers Group CEO Nikolay Sobolev announced plans for sales growth this year, targeting over 40% market share in pickups and around 30% in light commercial vehicles, despite a stable market.
SpaceX has become the world's fifth-most valuable company, surpassing Amazon, following its agreement to acquire AI coding app Cursor for $60 billion. This move aims to bolster SpaceX's AI capabilities, particularly its xAI business, by integrating Cursor's technology and user base.
SpaceX is acquiring Anysphere, the company behind the AI coding app Cursor, for $60 billion. This deal comes as SpaceX surpasses Amazon in market capitalization, becoming the world's fifth most valuable company.
SpaceX has become the world's fifth-most valuable company, surpassing Amazon after its stock market debut. The surge follows an agreement to acquire AI coding app Cursor for $60 billion, aiming to boost its AI capabilities and leverage Cursor's user base.
SpaceX shares surged 14.3% to $220 on Tuesday, pushing its market cap to $2.85 trillion, briefly surpassing Microsoft. Options trading began with high demand, but analysts warn of volatility due to the lofty valuation and small public float.
AI hardware company Plaud reports selling over 2 million notetaking devices and achieving an annualized revenue run rate of over $100 million. The company targets professionals by offering screenless gadgets that record and summarize meetings, differentiating itself from software-only AI solutions.
SpaceX shares surged approximately 9% on Tuesday, briefly overtaking Microsoft and Amazon in market capitalization. The rocket-builder's valuation touched $2.94 trillion, following a record-breaking IPO and a 20% jump on its first full trading day. The company also announced the acquisition of AI coding agent Cursor for $60 billion.
Indian stock markets, Sensex and Nifty, rose for the third consecutive session on Tuesday, driven by positive global trends, foreign fund inflows, and easing crude oil prices following a reported US-Iran peace deal. The Sensex closed up 0.71% at 76,808.48 and Nifty 50 rose 0.57% to 23,989.15.
Rising housing costs and stagnant wages are pushing educated Americans to seek alternative homeownership solutions, including tiny homes, relocating to cheaper markets, or forming multi-generational households. Renting from large corporate landlords also presents challenges.
An expert warns that a radical revision of Russia-Armenia relations could lead to an "economic disaster zone" in Armenia. Alexander Krylov stated that if Russia revises energy prices to European levels, it would severely impact Armenia, potentially causing population outflow.
