The PIF SpaceX stake is the largest Gulf position in Elon Musk's rocket company that anyone can actually verify: Saudi Arabia's Public Investment Fund reported 154,146,835 SpaceX Class A shares, valued at $26.34 billion, in
Apple (NASDAQ: AAPL) introduced its 2026 iPhone lineup on September 9, leading with the iPhone 18 Pro at $1,199, the iPhone 18 Pro Max at $1,299, and the company's first foldable, the iPhone Duo, at
The consensus memory trade rests on a single assumption: Chinese supply cannot arrive before the 2027 demand peak. That assumption is now carrying more weight than the evidence behind it. ChangXin Memory Technologies (CXMT) is
Nike (NYSE: NKE) is being removed from the S&P 100 index before US markets open on Monday, September 21, ending a run in the mega-cap gauge that stretched back roughly 18 years. The stock closed
The August jobs report released today by the Bureau of Labor Statistics showed the US economy adding jobs at its fastest pace in five months, a result that reversed the July report almost point for
The assumption buried in almost every Verizon layoffs headline is that a company shedding 16,600 jobs must be in trouble. Verizon is not in trouble. In the same quarter it moved 274 retail stores and
A federal court has entered a consent order against John Patrick Gorman III, requiring the swaps trader to pay $90,000 for false or misleading statements made during a Commodity Futures Trading Commission investigation. The order
Bitcoin (BTC) is trading around $77,000, and the question hanging over it has shifted in the space of two weeks. The market has moved a September Federal Reserve rate hike from a tail risk to
SHEIN Global Holdings shares fell as much as 10% on their first day of trading in Hong Kong on Tuesday, dropping from a HK$48.56 open to an intraday low near HK$43.70 before recovering to around
The US Treasury is about to buy back a lot more long-dated debt, and the precious-metals market has been front-running the move for two weeks. On August 19, Treasury said it would at least double
