Donald Trump says US close to deal with Iran and calls off strikes

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Donald Trump says US close to deal with Iran and calls off strikes

Markets rally and oil prices dip as US president claims agreement will reopen Strait of Hormuz

2 months ago

economy

The World in Brief

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The World in Brief

Catch up quickly on the global stories that matter

2 months ago

economy

Elon Musk’s SpaceX raises $75bn in world’s biggest IPO

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Elon Musk’s SpaceX raises $75bn in world’s biggest IPO

Rockets-to-AI group priced its shares at $135 in deal that drew blockbuster investor demand

2 months ago

economy

SpaceX Officially Prices Shares at $135 in the Largest IPO Ever

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SpaceX Officially Prices Shares at $135 in the Largest IPO Ever

With its official share pricing announcement, SpaceX's IPO has begun.

2 months ago

economy

SpaceX SPV investors won't know their true holdings until post-IPO lock-ups lift

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SpaceX SPV investors won't know their true holdings until post-IPO lock-ups lift

After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

2 months ago

economy

The AI public market floodgates are opening

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The AI public market floodgates are opening

The huge sums that Wall Street is about to be asked for look like being only a down payment

2 months ago

economy

Gold sinks to 6-month low as speculative investors exit

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Gold sinks to 6-month low as speculative investors exit

Bullion set for worst quarter in almost a decade as Iran war, expectations of US rate rises and SpaceX IPO weigh on price

2 months ago

economy

The ‘new joule order’ is here. The west is last to realise

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The ‘new joule order’ is here. The west is last to realise

Electrification is the purchase of optionality and China bought more of it than any nation in history

2 months ago

economy

Oracle's data center spending worries investors

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Oracle's data center spending worries investors

The hyperscaler has burned through some $23.7 billion in cash so far this year

2 months ago

economy

What the rise in flash drives tells us about inflation (and AI)

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What the rise in flash drives tells us about inflation (and AI)

AI investment continues to seep into some of the more mundane corners of the economy.

2 months ago

economy

'Anything could happen': SpaceX IPO poses big test for Wall Street banks

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'Anything could happen': SpaceX IPO poses big test for Wall Street banks

Elon Musk’s rockets-to-AI group is listing at a fixed price during a bout of volatility in US markets

2 months ago

economy

Google Pledges $50 Million to Help Train More Than 300,000 Skilled Trade Workers Across the U.S.

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Google Pledges $50 Million to Help Train More Than 300,000 Skilled Trade Workers Across the U.S.

The search giant's initiative follows similar efforts by Anthropic, Google, OpenAI and Meta.

2 months ago

economy