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SpaceX's IPO Is Built on Tesla's Retail Army - and the S&P 500 Won't Save It If They Blink

NEW YORK, June 7 -- The question hanging over SpaceX's June 12 market debut is not whether Elon Musk can fill an order book. He can. It is whether the same retail investors who turned Tesla into the m... Read More


JPMorgan Goes Neutral on Turkey as Election Risk and Dollarization Fears Rattle Wall Street

ISTANBUL, June 7 -- For the better part of two years, JPMorgan Chase & Co. had been among the more constructive voices on Turkish assets. That position, built on the back of Ankara's post-2023 policy ... Read More


Gold Slides Below 200-Day Average as Blowout Jobs Report Kills Fed Rate-Cut Hopes

New Delhi, June 6 -- The number that mattered most to gold traders on Friday was not the price of the metal. It was 172,000 - the number of jobs the American economy added in May, nearly double what W... Read More


Italy's Ports Split as Hormuz Closure Rewrites Mediterranean Trade Routes

GENOVA, June 6 -- The numbers arriving at Fedespedi's annual assembly in Genoa on Thursday told a story that no single headline figure could contain. Italian ports handled 4.6 percent fewer container ... Read More


Greek Lottery Giant Bally's Intralot Agrees £243m Takeover of William Hill Owner Evoke

New Delhi, June 6 -- The name above the betting shop door has not changed, but by early 2027, the ownership structure behind William Hill will look nothing like it did at the start of this decade. Bal... Read More


Sechin at SPIEF: Russia Guarantees Oil Supplies to China and India Amid Global Energy Disruption

ST. PETERSBURG, June 6 -- The argument Igor Sechin makes every June at the St. Petersburg International Economic Forum has grown more pointed with each passing year of sanctions, but on Saturday it ar... Read More


Sechin Warns Oil Could Hit $250 If Russia's 7 Million Barrels Are Pushed From Market

ST. PETERSBURG, June 6 -- The price of oil could surge past $250 per barrel if Western nations succeed in stripping all seven million barrels of Russian daily exports from global markets, Rosneft Chie... Read More


SPIEF 2026 Closes With $89.57 Billion in Deals as 142 Nations Defy Sanctions to Do Business With Russia

New Delhi, June 6 -- ST. PETERSBURG - The arithmetic at the end of SPIEF 2026 told a story its organizers were careful not to overstate. Anton Kobyakov, executive secretary of the St. Petersburg Inter... Read More


Trump Floats US Government Equity Stakes in Top AI Companies

WASHINGTON, June 6 -- Donald Trump, who built a decade of politics on the promise of getting government out of business, now wants to put the government inside the most powerful companies in American ... Read More


Anthropic Hits $965 Billion as Samsung, SK Hynix and Micron Join the Round

India, May 29 -- Shares of Samsung Electronics climbed as much as 6.5 percent on Friday, outpacing a 2.3 percent gain in the benchmark Kospi index. The catalyst was not a new Samsung product or a quar... Read More