Tag: market
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Lost Gulf oil exports far smaller than thought, traders and shippers say
LONDON, June 12 : Since the start of the Iran war and Tehran’s announcement that the Strait of Hormuz was “closed”, the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to…
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SpaceX trading to kick off after record IPO, with hopes for first-day surge
June 12 : The frenzy for SpaceX shares will kick off on Friday when the Elon Musk-led company makes its long-awaited Nasdaq debut, testing whether unprecedented investor demand can translate into a blockbuster opening for the world’s biggest IPO.Days of hoopla around the debut now turn to what will be one of
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How Musk’s tactics left investors clamoring for SpaceX stock and ignoring risks
NEW YORK, June 12 : In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week.One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur
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After record IPO, Musk’s SpaceX faces next test in market debut
June 12 : SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world’s biggest IPO ever, betting that Elon Musk’s lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk’s status as the first trillionaire
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SpaceX’s first employee reacts to company’s market debut
The BBC’s Michelle Fleury spoke to Tom Mueller, who was one of the company’s founders alongside Elon Musk in 2002.
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‘Why are people being so greedy?’: CJ Hendry’s viral Flower Market sparks debate over plush flower frenzy
Visitors were seen scooping up armfuls of plush flowers at CJ Hendry’s viral Flower Market exhibition, sparking debate online.
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Ride-hailing app Bolt expands to Italy in bid to shake up underserved market
ROME, June 10 : Ride-hailing app Bolt launched operations in Milan on Wednesday in the first stage of a push to shake up the Italian urban transport market, which its CEO told Reuters remains heavily underserved despite the presence of U.S. rival Uber.Estonia-based Bolt will work with hundreds of drivers in M
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Prediction market Kalshi bets on compliance to address insider trading concerns
June 9 : Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity.The move by Kalshi marks a shift toward building instituti
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SpaceX’s stock market blast-off could be Musk’s biggest gamble yet
SpaceX is preparing for a stock market debut that could transform the company, the wider market and Elon Musk’s fortune.
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South Korea’s KOSPI craters over 8% as Fed fears spark tech rout
SEOUL, June 8 : South Korea’s stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.The KOSPI fell 8.3 per cent to close at 7,
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