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SpaceX targets fixed $135 IPO price for roadshow, source says
Elon Musk's SpaceX is planning to set a fixed price of $135 per share ahead of officially marketing its initial public offering, a person familiar with the matter confirmed to CNBC on Wednesday.Typically, at this stage of the process,…
Bessent is performing IRS commissioner duties amid Trump IRS tax scrutiny
Scott Bessent, US treasury secretary, during a Senate Finance Committee hearing in Washington, DC, US, on Wednesday, June 3, 2026. Eric Lee | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent said Wednesday that he is "performing…
KKR, Blackstone and Ares shares tumble on private equity jitters
Shares in KKR, Blackstone and other sector peers tumbled on Wednesday after Switzerland's Partners Group moved to restrict investor withdrawals from one of its funds, stoking fresh fears over private market valuations.Shares in KKR…
strong jobs data, rise in oil
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | ReutersU.S. Treasury yields moved higher on Wednesday after the latest ADP report came in stronger than expected and as…
‘Don’t think he has a prayer’
Senator Thom Tillis (R-NC) questions Secretary of Treasury Scott Bessent during a Senate Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC on February 5, 2026.Nathan Posner | Anadolu | Getty ImagesRepublican Sen.…
Europe unveils tech sovereignty package amid U.S. tech reliance concerns
The European Commission on Wednesday proposed a slew of new rules intended to bolster homegrown chips, AI and cloud services as the bloc scrambles to develop tech sovereignty amid huge reliance on products and services from the U.S. and…
Trump says Iran agreed to not have nuclear weapons, but ‘they can change
President Donald Trump takes questions from reporters during a Cabinet meeting in the Cabinet Room of the White House on May 27, 2026 in Washington, DC. Win Mcnamee | Getty ImagesThe Iranian regime has agreed not to have nuclear weapons,…
Markets underpricing potential Burnham win over Starmer, analysts say
Mayor of Greater Manchester Andy Burnham.Leon Neal | Getty Images News | Getty ImagesAndy Burnham, the frontrunner to overthrow U.K. Prime Minister Keir Starmer, abruptly cancelled a call aimed at placating investors nervous about his…
Novo Nordisk Wegovy pill launches in the UAE, testing global appetite
Novo Nordisk is launching its weight loss pill Wegovy in the United Arab Emirates, the Danish drugmaker said Wednesday, marking its first launch outside the U.S. market. Novo's approach will be guided by patient demand, the readiness of…
Tesla’s China-made EV sales surge in May as domestic market rebounds
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024.CostFoto | Nurphoto | Getty ImagesSales of Tesla's China-made electric vehicle rose by nearly 40% in May amid a broader recovery in the country's EV market.The…