Shein IPO Flops As Fast-Fashion Empire Sees Growth Slowdown

Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Summary: Kuwait Petroleum CEO says Energy Production to Ramp in a Week  Iran Media says Southern Ports Traffic Begins Normalizing  Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Searching For Hormuz Normalization Signals  Attention on institutional desks is shifting toward normalization signals at the Strait of Hormuz maritime chokepoint. At the time of writing at least 14 transits through the Strait of Hormuz were recorded on Thursday June 18 -...

SpaceX Reportedly Lowers IPO Valuation Target SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming initial public offering, Bloomberg reported, citing people familiar with the matter. This is below an earlier goal of more than $2 trillion. In practice, the initial IPO valuation target is a marketing range, not a final number. Therefore, any valuation shifts ahead of the trading day would not be unusual. This suggests advisers are calibrating the deal to what investors are willing to absorb, especially given the massive proposed raise of...

Why On Earth Are They Doing This? Authored by Steve Watson via Modernity News, The Spanish Red Cross is treating the military-age men who swam around the border fence and stormed Ceuta like victims of an earthquake. Volunteers in red vests are lining up on the sand at Playa del Trampolín, handing out bread, milk, biscuits, water, cans of tuna and pastries to the thousands who remain after last week's deliberate mass invasion from Morocco. Police stand by to keep the queues orderly while the same people who refused to go home...