SpaceX Earnings Preview: Equity Sees $125 Billion, Credit Sees 83 Cents

Futures Rise Ahead Of Critical Nvidia Earnings As Oil, Bond Yields Drop US equity futures are higher led by tech as the selloff in bonds eased and traders awaited earnings from Nvidia after the close. As of 7:30am ET, S&P futures are up 0.3% while Nasdaq futs rose 0.7% showing optimism heading into the release and overlooking weakness in tech during APAC trade. In premarket trading, NVDA is up 1.8% in premarket trading, as semis see a strong bid with Mag7 names almost all higher. Cyclicals ex-Energy are rallying led by Industrials...

Live-Fire Drill Sparks Massive Gas Explosion At Canadian Base, Killing 7 A live-fire training exercise at Canadian Forces Base Wainwright in Alberta reportedly ended in a major explosion and wildfire Saturday, leaving at least seven people dead and dozens injured, according to local outlet Global News.  The report said a projectile was fired during the FTX that struck "a gas line or gas well" within the base's training area, triggering an explosion before strong winds spread the fire.  🇨🇦 At least 7 killed, dozens injured at Canadian army base after live-fire exercise hits...

Is Uber Weaponizing Labor Unions To Slow Robotaxi Rivals Ride-hailing giant Uber is reportedly aligning with drivers' unions in several cities to slow robotaxi deployments and promote regulations requiring "hybrid networks" that combine autonomous vehicles with human drivers, according to the Financial Times. The unholy alliance is taking shape in states and cities including New Jersey and Washington, DC, where Uber and organized labor are pushing back against the rapid expansion of autonomous taxi services. In New Jersey, Uber lobbyists proposed requiring any platform offering robotaxi services to ensure that human drivers...