US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months'

UBS: Trump's Historic Military Budget Request Could Boost Beaten-Down Defense Stocks U.S. defense stocks showed signs of stabilizing in April after tumbling since Operation Epic Fury began in late February and sustaining a Mach bloodbath. The improvement followed Friday's White House proposal to lift military spending sharply, to roughly $1.5 trillion in 2027.  UBS analyst Allyson Gordon said Monday morning that the White House budget request "should help sentiment," which has deteriorated since the U.S.-Iran conflict began. Last week, Gordon asked, "Why is U.S. defense performance lackluster?" Earlier, the analyst said: Defense...

SpaceX Files Confidentially For IPO, Setting Up Record-Breaking Offering SpaceX has confidentially filed for an IPO, potentially setting up a June listing on U.S. stock exchanges that could become the largest public offering ever. The offering could value the rocket, satellite, and AI company at more than $1.75 trillion and raise as much as $75 billion, far exceeding Saudi Aramco's 2019 IPO record. Bloomberg states that SpaceX has just submitted a draft IPO registration to the SEC for nonpublic review. That allows SEC staff to review the filing, ask questions,...