"Planet's Strongest Heat Dome" To Bake America's Heartland

Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID China’s consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg's Chang Shu and Eric Zhu noted: "The supply side remains robust, driven by faster-than-expected expansion in exports and AI tech sectors. The demand side has faltered, with consumption and private non-tech investment plummeting." Here's the details: Industrial Production Industrial production (IP) growth rose modestly to 4.5% yoy from 4.1% yoy thanks to stronger-than-expected exports, although automobile output growth remained...

A meeting between Israeli Prime Minister Benjamin Netanyahu and President Trump’s son-in-law, Jared Kushner, a long-time family friend of the Israeli leader, ended with an agreement that Israel will continue so-called “targeted strikes” in Gaza, Haaretz reported on Monday. The reported agreement to allow Israel to continue attacks in Gaza comes despite Kushner holding a […]

Imminent SpaceX IPO Filing Ignites Rally Across Space-Linked Stocks News that SpaceX may file an initial public offering prospectus with the Securities and Exchange Commission this week or next sparked a rally across SpaceX-linked names, satellite broadband providers, space transportation firms, and even publicly traded closed-end funds that hold private SpaceX shares. The Information reports that SpaceX is set to file an IPO prospectus with the SEC this week or next, with plans for shares to begin trading on U.S. exchanges sometime in June. Wall Street advisers expect the offering to...