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Surging demand for data center construction may contribute to a rise in U.S. inflation and be a fact

Hedge funds sold out of the biggest U.S. tech stocks, and some even added ‌bearish positions, according to data from a JPMorgan note late ‌Thursday, just before SpaceX was set to go public on Friday. Shares in the "Magnificent Seven" -- ​a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday. The Roundhill Magnificent Seven ETF, which tracks these ‌stocks closely, declined over 2.4% ⁠since June 5, with some analysts saying investors were clearing their decks in order to prepare for the ⁠debut of Elon Musk's Space X on Friday.

The stock market has spent much of 2026 focused on artificial intelligence, record corporate spending, and a surprisingly resilient economy. Yet beneath the surface, another market has been flashing warning signals. The bond market, often called the “smart money” because of its sensitivity to inflation and economic conditions, is increasingly signaling that interest rates may ... Opinion: 5 Days Until the Fed Picks Wall Street over Main Street — Again

SpaceX executives are set to ring the Nasdaq’s opening bell in New York City, but shares in buzzy initial public offerings don’t usually start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility. Because pre-IPO investors are restricted from selling shares for a while, it can take time to find willing sellers among those who bought shares in a high-demand IPO.

SpaceX (NASDAQ:SPCX) is preparing to begin trading on Nasdaq on Friday after completing the largest initial public offering ever, with investors committing $75 billion in a vote of confidence that Elon Musk’s long-term ambitions in space exploration, communications and artificial intelligence can support a valuation of $1. 77 trillion.

Private capital is pouring into AI data center buildout, Adobe can’t shake software fears, this vacation destination is getting cheaper, and more news to start your day.

By Eduardo Baptista and Samuel Shen BEIJING/SHANGHAI, June 12 (Reuters) - SpaceX's record $75 billion IPO is poised to supercharge Chinese space startups racing to fund the same technologies that have

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 to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. fund said he had to use his relationship with a board member of the Musk-led Tesla for an ‌allocation of SpaceX shares in 2023.

(Bloomberg) -- US plastic suppliers say they are running out of room to absorb high costs of raw materials, raising the prospect of price increases for consumer goods ranging from groceries to cars later this year.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Fa

Wall Street is already building the leveraged trade around the world's largest company to IPO.

Futures Trade Cautiously Ahead of Key Market EventsU. S.

(Bloomberg) -- A move by the National Pension Service to temporarily suspend portfolio rebalancing has fueled volatility in South Korea’s stock market and added pressure on the won, according to Barclays Plc.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to

Just what retail investors needed... a leveraged SpaceX ETF debuting the same day as Wall Street's largest-ever IPO.

Investing.com -- SpaceX begins trading on Nasdaq today under the ticker SPCX, targeting a valuation of approximately $1.75 trillion and seeking to raise $75 billion, more than 2.5 times the previous record set by Saudi Aramco (TADAWUL:2222) in 2019. The scale alone rewrites the record books. But the more interesting argument for "unique" runs deeper than the headline number.

Stocktwits data showed retail sentiment has softened, leaning 'bearish' on SPY and 'neutral' on QQQ.

Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the launch until ‌Monday, four sources familiar with the matter said. "We had really wanted to be out on Friday," said Matt Markiewicz, head of product and capital markets at Tradr ETFs, declining to comment on the delay. The firm's 2x long and 2x short ETFs will now debut Monday on Cboe Global Markets.

As states like Ohio move to increase their regulation of data centers and reduce their subsidies for the businesses behind them, the costs of building and operating them could increase significantly.

They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfolios

The float could make Tesla and X owner Elon Musk the world’s first paper trillionaire.

It's become too much of a risk to simply ignore now.

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 ever and ‌propelled SpaceX into the ranks of the world's most valuable companies - even though the firm posted a loss of nearly $5 billion last year and generated only a fraction of ‌the revenue brought in by similarly valued tech giants. The stock's performance will be a test for the so-called "Musk premium," which has been the force behind Tesla's $1 trillion-plus valuation.

SpaceX raised $75 billion in an historic IPO, with its shares set to debut on Nasdaq later today.

Patrick Moorhead said Adobe’s focus on user growth over near-term revenue is like “investment protection” and should not be confused with demand weakness.

The offering would value the reusable rocket company at $1.77tn.

The hotly anticipated IPO is set to be the largest in stock market history, and is more than 7.5 times Alibaba's IPO, in second place.

ARK Investment Management sold shares in Teradyne, Twist Bioscience, Iridium Communications, and Robinhood Markets, among other companies.

(Bloomberg) -- Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan’s largest company by market value, underscoring how the global artificial intelligence boom is reshaping the country’s corporate landscape. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE

Nvidia has told Chinese clients that its new "Vera" central processors for AI data centres could be available as soon as August and that they can begin placing orders, three sources familiar with the matter said. Nvidia's market share in China has effectively fallen to zero, its CEO Jensen Huang said in October, hurt by U.S. export controls on advanced ​chips and Beijing's push for self-reliance in key technologies. The move also raises the stakes in its competition with major CPU firms Intel and AMD, which are racing to increase supplies of server CPUs for AI data centres.

(Bloomberg) -- Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Fa

Yields are stable, Fed interest-rate cuts are off the table, and increasing market volatility is adding to the allure of cash-like investments.