StarCloud CEO Says Starship Gives SpaceX Launch Monopoly For Near Decade

Futures Fall As AI Selloff Resumes US equity futures woke up after President's Day and chose to resume their selloff (after a modest bounce on Monday's holiday failed to hold) dragged by Tech, as the risk-off moves on AI disruption fears continue. As of 8:15am ET, S&P 500 futures were down 0.5% with Nasdaq 100 contracts falling 1.0%. In premarket trading, all Mag 7 stocks are lower and Semis are being pressured with AVGO / NVDA lower by more than 1%. Pockets of outperformance (and higher absolute returns) can be found...

"Late Spring Buyer Rush": US Pending Home Sales Just Surged By The Most In Almost 2 Years Pending home sales in the US were expected to rise for the fourth straight month in May and they did with a huge beat (+3.8% MoM vs +0.9% MoM exp - above the highest analysts estimate), which was slightly offset by a downward revision for April (from +1.4% to +0.3%). That is the best monthly improvement in pending home sales since Sept 2024 and that lifted sales by just over 2% YoY. “A late spring...

Comcast Shares Jump Most Since 2008 On Plans To Separate Units Comcast shares jumped the most in nearly two decades on news that it plans to split NBCUniversal and Sky into a separate publicly traded company through a tax-free spin-off. The transaction, expected to close in about one year, would leave Comcast shareholders owning stakes in both. Comcast would remain centered around broadband, wireless, business services, and entertainment platforms, backed by a network that reaches more than 65 million homes and businesses. NBCUniversal, which will also include Sky, will house Universal’s film...