Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO

South Korea Falls Into Bear Market As Memory Euphoria Fizzles It started off with the usual morning rush by retail momentum chasers into the handful of massive, market-moving names (read Samsung Electronics and SK Hynix), but as has been the case over the past two weeks, the initial euphoria quickly reversed and the Kospi rolled over, closing down 5.4%, 9.99% over the past two days, and down 22% from the all time high of 9385 hit just over 2 weeks ago on Jun 18. ... officially entering a technical bear market...

Russia Sends Over 1500 Missiles, Drones On Ukraine In 48 Hours After V-Day Ceasefire Soon on the heels of the successful 3-day and US-backed 'V-Day' ceasefire between Russia and Ukraine, Russian forces have unleashed several days of drone and missile barrages on Ukrainian cities, especially the capital. It seems the Kremlin is bent on 'payback' for several weeks of effective Ukrainian long-range drone attacks which have badly damaged several Russian oil refineries and energy sites. BBC reports Thursday that "At least seven people have been killed, including a 12-year-old girl, in...

Polestar Barred From Selling Future EVs In US Under Connected-Vehicle Rule The U.S. has become increasingly irrelevant to Polestar's growth story. The Geely-backed EV maker said Thursday that it is "increasing its strategic focus on Europe," where much of its growth is now centered. The shift follows a decision by the U.S. Department of Commerce's Bureau of Industry and Security not to authorize Polestar to sell future model-year vehicles in the U.S. under connected-vehicle rules aimed at limiting Chinese-linked technologies on American highways. "This follows a decision from the U.S. Department...