economy

SpaceX Sets Fixed IPO Price at $135, Targeting $1.75 Trillion Valuation

06/03/2026, 08:31 AM economy fundraising SpaceX

SpaceX is set to launch its initial public offering (IPO) with a fixed share price of $135, aiming for a valuation of $1.75 trillion, which would make it the largest IPO in history and position it as the seventh-largest company in the U.S.

Meta Introduces AI Business Agents to Diversify Revenue Streams Beyond Advertising

06/03/2026, 07:30 AM economy announcement ai software Meta Platforms

Meta is expanding its revenue streams by introducing the Meta Business Agent, a new AI feature designed to assist businesses in customer interactions across its platforms, marking a significant shift from its reliance on advertising revenue.

Europe Proposes Tech Sovereignty Package to Reduce Dependence on U.S. Cloud Providers

06/03/2026, 06:33 AM economy announcement

The European Union is moving towards implementing regulations that would limit the use of U.S. cloud providers for handling sensitive public-sector data, reflecting a push for greater digital sovereignty amid geopolitical tensions.

Macy’s Reports Strong Q1 Sales, Raises Full-Year Forecast Amid Dow’s Record Winning Streak

06/03/2026, 06:33 AM economy review retail Marvell Technology Nvidia Macy's Cboe Global Markets CME Group Hewlett Packard Enterprise

The stock market is experiencing mixed signals as the S&P 500 and Dow Jones reach record highs, while certain exchange stocks face significant declines. Key earnings reports from Macy's and Ulta indicate strong retail performance, while regulatory developments in AI and geopolitical tensions also shape market sentiment.

ADP Reports Private Payrolls Increased by 122,000 in May, Exceeding Expectations

06/03/2026, 05:31 AM economy forecast

The ADP report indicates a robust increase in private hiring, with 122,000 jobs added in May, surpassing expectations and suggesting a stable labor market ahead of key economic indicators.

OpenAI CEO Sam Altman to Attend G7 Conference in France at Invitation of President Emmanuel Macron

06/03/2026, 04:33 AM economy announcement ai

Sam Altman, the CEO of OpenAI, is set to attend the G7 conference in France later this month, marking his first appearance at this significant global event.

Analysts Morningstar warn SpaceX (SPACE) is significantly overvalued ahead of its $1.75 trillion IPO

06/03/2026, 02:30 AM economy forecast Analysts: analysts, Morningstar ai SpaceX

Morningstar analysts have expressed concerns about SpaceX's upcoming IPO, suggesting that the company is significantly overvalued at a target valuation of $1.75 trillion, which could pose risks for investors.

Goldman Sachs' Anthony Gutman Discusses Alphabet’s $80 Billion Stock Sale and Its Impact on Capital Markets

06/03/2026, 01:31 AM economy announcement ai finance SpaceX Alphabet

Alphabet's decision to sell $80 billion in shares to support its artificial intelligence initiatives is a significant move that reflects the growing demand for equity issuance in the current market environment.

Tesla’s (TSLA) China-made EV Sales Surge Nearly 40% in May Amid Market Recovery

06/03/2026, 01:31 AM economy growth auto Tesla

Tesla's electric vehicle sales in China surged nearly 40% in May, reflecting a broader recovery in the country's EV market, which is significant for investors monitoring the competitive landscape and growth potential in the sector.

Perplexity CEO Aravind Srinivas Highlights Key Metric for Success in AI Race

06/02/2026, 11:31 PM economy announcement ai Microsoft

Perplexity's CEO emphasizes that the ability to generate economic value from AI will determine which companies achieve the highest valuations in the competitive AI landscape. This insight highlights the importance of efficiency and effectiveness in AI technology as firms vie for market leadership.