Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit

Florida Lawmakers Approve Renaming Palm Beach Airport After Trump Authored by Kimberly Hayek via The Epoch Times, Florida lawmakers on Thursday completed the approval of a bill to rename Palm Beach International Airport in honor of President Donald Trump. The measure, now awaiting Gov. Ron DeSantis’s signature, comes at the same time as the Trump family’s recent federal trademark filings for airport names incorporating the president’s identity. The Trump Organization says it will see no financial gain from the Palm Beach site. The Florida Senate passed SB 706 in a 25–11 vote. The legislation...

AI Companies Absorbing Office Space At Record Pace: Report Authored by Rob Sabo via The Epoch Times, Artificial intelligence (AI) firms are absorbing office space in primary markets such as San Francisco and New York City at a record pace, and the sector’s voracious demand for office space to build out development teams and products has begun spilling into a select subset of submarkets as well. National AI office demand was up 85 percent in the 12 months through May and spiked 179 percent in major AI hubs, a new AI report...

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,...