SpaceX aims to raise $75 billion in its June 12 IPO, surpassing Saudi Aramco’s 2019 record of $29 billion. SpaceX will price its shares at $135 each, valuing the company at approximately $1.75 trillion as it prepares for its Nasdaq debut on June 12. The offering targets up
Japan’s current account surplus hits record levels, but geopolitical risks and energy prices weigh on JPY. The Japanese Yen weakened beyond 160.00 against the US Dollar, defying expectations of a Bank of Japan rate hike. Despite a historic current account surplus and antic
The British pound gains against the dollar amid broader USD softness following confirmed Israel-Iran hostilities. GBP/USD climbed 0.42% to 1.3390 on Tuesday, driven by a weaker US dollar after reports confirmed direct military exchanges between Israel and Iran. The move re
The British Pound gains 0.42% against the Dollar amid reduced safe-haven demand but faces headwinds from UK growth risks. GBP/USD climbed to 1.3390, up 0.42% on Tuesday, as the US Dollar weakened following confirmation that direct Israel-Iran hostilities had ceased. The ea
May inflation at 1.8% year-on-year reinforces expectations for a National Bank of Hungary easing cycle starting in June. The Hungarian forint remained stable against the euro as markets priced in an imminent easing cycle by the National Bank of Hungary. May inflation slowe
May inflation at 1.8% YoY reinforces expectations for a June rate cut by Hungary’s central bank, with 75 basis points of easing seen this year. Hungary’s forint remained stable near 355 against the euro as investors priced in an imminent rate-cutting cycle by the National
Quantinuum (NASDAQ: QNT) became the first-ever quantum computing pure play to join the market via an initial public offering (IPO) when it debuted earlier this month. Before that, all quantum computing companies had come to market via SPAC (special purpose acquisition comp
Nvidia CEO views tech selloff as a buying chance Nvidia CEO Jensen Huang stated that the current tech selloff should be seen as an opportunity to buy at a discount. The comments were made after US tech shares dropped due to concerns over a possible interest rate hi
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G-III raised its full-year net income forecast to $171m-$175m following stronger-than-expected Q1 results. G-III reported Q1 2027 net sales of $536m, an 8% decline year-over-year, while gross margin surged to 64.9% from 42.2% in Q1 2026. The company attributed the margin e
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