Market News

SpaceX’s $2 trillion debut met with cheers, jeers and protest

Stocks end higher amid Iran peace hopes; SpaceX surges about 19% in historic debut

SpaceX value surges past $2 trillion in historic IPO debut

Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say

Forbright completes $142.2 million IPO on Nasdaq

Evercore names top P&C Insurance stocks as sector faces margin pressure

US EPA sends California emissions rules to Congress for potential reversal

Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports

S&P Global downgrades Dye & Durham rating on weak leverage

Top US semiconductor stocks as agentic AI reshapes CPU demand

Trump administration: Iran deal signing likely in coming days, but not '100%' certain

A deal to end the Iran war could be signed soon, a senior Trump administration official said, following recent conflicting statements from the warring nations.

Paramount-WBD merger wins approval from DOJ, source says

Elon Musk becomes world's first trillionaire as SpaceX begins trading on the Nasdaq

Elon Musk's stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk's net worth as of Friday is roughly $1.05 trillion.

SpaceX market cap tops $2 trillion after shares of Elon Musk's rocket company gain 19% on debut

SpaceX shares soared on Friday as trading commenced on the Nasdaq.

Top House Republican’s family investment poised to benefit from SpaceX IPO

Republican Rep. Lisa McClain’s husband bought up to $250,000 in Elon Musk’s xAI before it was folded into SpaceX ahead of its IPO.

As investors flock to SpaceX, one trader eyes a sleepy 'stealth' play

If you're looking for something a little more terrestrial, there's one stock that investors are overlooking.

Small investors scrambled to get in on the SpaceX IPO, even as some believe the valuation is 'stupid'

SpaceX set a fixed price of $135 per share in the leadup to its IPO on Friday, placing its valuation at $1.77 trillion. Shares rallied more than 25%.

Trump name still must come down from Kennedy Center, judge says

President Donald Trump has asked a federal appeals court to suspend a lower-court order that his name before removed from the performing arts center.

For Warsh as Fed chair, silence may be the point

Kevin Warsh will hold his first Fed meeting, giving markets the first public look at how he'll communicate as chair of the Federal Reserve.

Pirro's losses in Fed investigation should stay on the books, judge rules

In a scathing ruling, Judge James Boasberg denied U.S. Attorney for the District of Columbia Jeanine Pirro's request to vacate his earlier orders.

SpaceX 'proxies' plunge as real deal arrives: Here's where traders are buying the dip

SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering, are unwinding gains.

Social Security COLA for 2027 may jump to 4.7%, one estimate finds. This chart shows prices driving the increase

As inflation climbs, Social Security beneficiaries may see a higher cost-of-living adjustment in 2027. Here's which costs spiked most over the past 12 months.

Judge blocks DOJ 'anti-weaponization' fund for longer, wants guarantee it’s dead

A judge gave Acting Attorney General Todd Blanche and Treasury Secretary Scott Bessent a week to submit a sworn declaration the DOJ fund was not going forward.

New SpaceX millionaires are reinventing the business of managing large wealth

Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.

SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors

Gwynne Shotwell, long Elon Musk's second-in-command at SpaceX, spoke exclusively with CNBC ahead of her company's highly anticipated IPO.

Goldman nets a big payday for SpaceX IPO. Plus, what drove our winners and losers this week

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

How to get SpaceX stock — without buying the IPO

Investors will can hold SpaceX stock by virtue of owning shares in certain mutual funds and exchange-traded funds.

U.S. crude oil falls below $85 as U.S. and Iran near a deal to reopen Hormuz

Oil prices fell Friday after a proposed peace deal that would see the Strait of Hormuz reopen was reported by Iranian state media.

The S&P 500 already made a big call on SpaceX stock and index fund investors need to know it

The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.

Bitcoin's latest plunge revives the debate over owning it—and whether it's just 'crypto being crypto'

The cryptocurrency's latest selloff is forcing investors to revisit what role, if any, bitcoin should play in a portfolio.

Options volume in space stocks boomed as investors look for any way 'to get long SpaceX'

"There's a ton of short-dated call buying in these names as a way to get long SpaceX," Danny Kirsch, head of options trading at Piper Sandler, said.

Meta reportedly begins dismantling $2 billion Manus deal on Beijing's orders

Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing's unprecedented order to hand back the Chinese-founded AI startup.

Waymo launches premier subscription tier for $29.99 a month, starting in select cities

Waymo is offering a new subscription tier for power users, starting in San Francisco, Los Angeles and Phoenix

Ex-Andreessen Horowitz partner slams his old firm, other VCs for 'political infiltration' around AI

John O'Farrell, former partner at Andreessen Horowitz, says the PAC Leading the Future, backed by his old firm, is trying to "intimidate politicians."

Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation

SpaceX has achieved its goal of becoming the largest IPO on record.

Trump picks former SEC Chairman Jay Clayton as national intelligence director

Trump's announcement came after House Democrats' objections to his pick of Bill Pulte as acting chief ensured that a key national security tool expires Friday.

Warren questions SpaceX IPO oversight in new letter to stock indexes

Sen. Elizabeth Warren seeking answers on changes to index provider waiting periods, protections for retail investors, in a letter obtained first by CNBC.

Some U.S. states still don't know if the World Cup will benefit them financially—just look at New Jersey

Millions are expected to attend 2026 World Cup matches across North America. For at least one host state, New Jersey, the tournament also brings mounting costs.

Honeywell CEO says AI will 'redefine automation' as labor shortages mount

Honeywell CEO Vimal Kapur said AI is poised to "redefine automation" by helping companies turn operational data into actionable insights.

ChatGPT hits a billion monthly app users despite souring public AI sentiment

ChatGPT reached a billion monthly users in May despite growing unease over its ethical and environmental impacts.

How to decide whether a major splurge — like spending thousands on Knicks or World Cup tickets — is worth it

Ask yourself these questions when considering an extravagant purchase.

‘I feel like he may be taking advantage of us’: Our adviser pushes annuities after we already said no. Do we fire him?

“I feel like he may be taking advantage of us.”

Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day — and five years.

Also in Weekend Reads: A bitcoin-pricing model that looks way ahead, the bear market for gold and retirement-planning advice.

‘It seems too good to be true’: At a steak-dinner retirement seminar, the guy said annuities can outperform the market. Is that true?

“He claimed that fixed-rate annuities are the sparkly, rainbow-fairyland of investments.”

Adobe’s CFO is departing for Marvell. And it’s one more reason for investors to choose chips over software.

The software sector has struggled in recent months amid concern that software companies will struggle to survive in the AI era

There’s a 68% chance the stock market ends the year higher. Why the headlines shouldn’t disrupt your portfolio.

Blocking out the daily noise gives you a clear edge over short-term chaos.

Global oil prices end at 3-month low after Pakistan says a U.S.-Iran peace deal has been reached

Brent crude on Friday settled at its lowest level since the early days of the U.S.-Iran conflict. after Pakistan said a peace deal between the nations had been reached.

This hidden investing flaw is costing you money. Talking to political opponents fixes it.

The stock market doesn’t care about your politics. Insisting on a portfolio that’s red or blue can forfeit a lot of green.

I’m 55 and earn $100,000. Should I take a $2,900 monthly pension — or $2,200 with 3% annual hikes?

“I plan to continue working until age 60.”

Here are all the red flags in the SpaceX IPO

You have to give Elon Musk credit for his vision — and chutzpah.

Elon Musk becomes trillionaire as SpaceX soars in Wall Street debut

AI and rockets group cracks list of world’s most valuable companies after historic IPO

Whither SpaceX? Who knows

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SpaceX’s IPO is a display of Musk’s dominance

His unrivalled grip on the public imagination has transmuted into Wall Street gold

SpaceX is cheap on a price-to-cosmos ratio

Terrestrial valuations don’t apply when it comes to Elon

The great bond and equity conundrum

Financial logic has been stood on its head as yields buck decades-long trends

US-Iran peace deal text agreed, says Pakistan’s PM

Senior American official says both sides expect to sign agreement in coming days

Oil touches three-month low after Trump says US close to Iran deal

Stocks and government bonds make gains on hopes energy shock will ease

Apollo selects Austin as site of second headquarters

Private capital giant chose Texas city over Miami and Palm Beach as private schools’ capacity fills up in Florida

BlackRock private credit fund honours less than 40% of redemption requests

The firm’s $13bn HPS Corporate Lending Fund limits withdrawals for a second consecutive quarter

Trading firm DRW suffered sharp loss on power market as prices gyrated

Group took $176mn hit and parted ways with its head electricity and gas trader as winter volatility battered positions