How the economy is really performing as stock market surges – CBS News Watch CBS News CBS News business analyst Jill Schlesinger joins “CBS Mornings” to break down how the economy is performing as stocks surge and what you should do if you’re looking to invest. Source link
New York — SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk — the world’s richest person — on course to becoming the first trillionaire. The company, formally known as Space Exploration Technologies Corp., said … Read more
Elon Musk’s SpaceX announced Wednesday that it intends to make its stock market debut next week at a $1.77 trillion valuation. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The highly-anticipated initial public offering is expected to be the largest ever and will raise $75 billion in fresh … Read more
Robinhood to allow AI agents to make stock trades, credit card purchases – CBS News Watch CBS News The digital investing platform Robinhood is now allowing AI agents to trade stocks and make credit card purchases for users. Yahoo Finance senior reporter Brooke DiPalma joins with the details. Source link
WASHINGTON — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices hover near record levels. The Conference Board’s consumer confidence index slipped 0.7 points to 93.1 in May, the first decline after three months of gains. The measure hasn’t fallen as … Read more
Government bonds around the world sold off sharply Friday as the price of oil jumped, both driven by an array of geopolitical developments in the Iran war, politics and trade. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The yield on a 30-year U.S. Treasury bond rose above … Read more
South Korea’s Kospi soars nearly 7% to fresh records as Samsung Electronics stock jumps nearly 13%. Source link
Market watchers looking for clarity about the direction of Big Tech and the AI investment boom didn’t get much Wednesday afternoon amid a barrage of key earning reports. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Instead, four leading tech companies reported quarterly results that beat Wall Street’s … Read more
NEW YORK — The Trump business behind Truth Social is replacing a former congressman and big supporter of the U.S. president as leader of the social media platform after a stock collapse that wiped out billions in investor wealth. Devin Nunes, a former California congressmen in Donald Trump’s first term, is being replaced temporarily by … Read more
Stocks on Wall Street rose to new heights on Thursday, adding to the record gains seen on Wednesday. It came as investors expressed optimism that a resolution to the war with Iran could be reached quickly. CBS News MoneyWatch correspondent Kelly O’Grady reports. Source link