SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved

US Services Surveys Signal Surging Prices, Mixed Growth Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May. They were somewhat correct but the message was mixed with one survey improving while the other deteriorated... S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows. ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp) Source: Bloomberg Under the hood, both surveys signaled rising prices...

US Intel Chiefs Back Trump's Claim China Interfered In American Elections Authored by Tom Ozimek via The Epoch Times, The heads of four U.S. intelligence and national security agencies have backed key elements of President Donald Trump’s claim that China engaged in election interference by targeting American voter-registration data. A fact sheet released July 30 by the White House Government Transparency Task Force says China and its proxies bought, stole, or hacked voter data belonging to as many as 220 million Americans, including some information that was not publicly available. The fact sheet...

The $1.5 Million Rich Kid Socialist: NYC-DSA Co-Chair Gustavo Gordillo Lives The Revolution From Daddy's Townhouse Gustavo Gordillo wants you to believe the system is broken. He wants landlords punished, private property redistributed "from landowners to the landless," and double-digit returns on investment declared unconstitutional. He wants New York City to stop being a "playground for the rich." He wants grocery stores that can't compete with government-run ones to simply close. And he wants you to see him as a blue-collar union electrician fighting for the working class. What he...