Americans feel worse about the economy now than at any point in 74 years of survey data — worse than the Great Recession, the 1970s oil crisis, or Covid. The Iran war's oil shock explains why.
Trump will swear in Kevin Warsh as Fed chair at the White House on Friday — a first for any president. The president wants rate cuts. Inflation is rising. The bond markets will decide which promise breaks first.
SpaceX plans to raise $75 billion — nearly triple the largest IPO in history. The prospectus identifies a $28.5 trillion total addressable market. The company has lost $37 billion since inception.
Jensen Huang just posted $81.6 billion in quarterly revenue and Wall Street shrugged. His answer: a $200 billion bet on a chip that doesn't ship for months — with supply constraints guaranteed.
A majority of Fed policymakers now say rate hikes are the likely next move if inflation stays elevated — a repudiation of the cut narrative that has dominated markets since late 2025.
A $1 trillion OpenAI listing would be the largest IPO in history. The audited financials have not yet been filed.
The #1 product on Steam is a four-year-old refurbished handheld at $279 — $270 below the cheapest new unit. The Steam Controller, launched two weeks ago, sits at #3. Hardware is outselling software on a software store.
Four companies make nearly every shipping container on Earth. The DOJ says they installed 87 surveillance cameras across their own factories to enforce a price-fixing pact. Container prices doubled. Profits jumped a hundredfold.
On Tuesday the UK reaffirmed its "unwavering commitment" to impose severe costs on Russia. On Wednesday it loosened sanctions on Russian oil.
D1 Capital Partners turned a 2020 bet on SpaceX into a $20 billion stake. The IPO that minted that fortune will also split the Musk trade in two — and Tesla investors are the ones who should be nervous.
CEO Bill Winters called the 7,000 workers Standard Chartered is eliminating 'lower-value human capital.' He wasn't apologizing — he was making the argument every major bank is preparing to make.
Federal prosecutors dropped criminal charges against Gautam Adani, the Indian billionaire they accused of a $250 million bribery scheme. He was never arrested. The administration had already suspended the law used to charge him.
Retail sales grew just 0.2% in April, a tenfold miss on forecasts and the weakest reading since China's Covid reopening. Every economy selling into Beijing is about to feel the squeeze.
Chinese geologists found rare earth deposits in the frozen northeast that could be cheaper to extract than anything the country currently mines. The same week, Beijing told Washington it would address supply concerns. The leverage only points one way.
Global AI data centers now draw 29.6 gigawatts — nearly enough to power New York State at its summer peak. The four biggest tech companies are spending $700 billion this year to keep building.
South Korea's prime minister is threatening emergency arbitration to block a Samsung strike. The math explains why: one day of halted chip production costs $667 million, and restarting the lines could take months.
BlackRock wants up to $10 billion of SpaceX's IPO — the largest in history, targeting a $1.75 trillion valuation on June 12. The governance terms would give Elon Musk more power than any public-company CEO has ever held.
The busiest commuter rail in the US went dark after 3,500 workers walked out — the first LIRR strike in 32 years. The sticking points are wages and health care, and neither side is talking.
NextEra's proposed acquisition of Dominion would create a $419 billion utility colossus — the largest ever — driven almost entirely by AI data centers burning through electricity faster than the grid can supply it. Regulators, consumers, and the entire consolidation playbook are about to be tested.
The only person who can fire Elon Musk from SpaceX is Elon Musk. The IPO filing guarantees it — and the market is already bending its rules to accommodate a $1.75 trillion listing.
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Maynard Keys