Market News

The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.

SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.

The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, according to a person familiar with the matter.

Traders on Polymarket think it's likely SpaceX will join a group of just six companies with a market value beyond $2 trillion.

With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.

The yellow metal is at its lowest level of the year as potential interest rate increases and faltering technical signals weigh on prices.

KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.

Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.

North Carolina has invested heavily in AI startups OpenAI and Anthropic while avoiding a direct stake in SpaceX.

The proposed rules from the commission will now face a public comment period.

U.S. cybersecurity giant CrowdStrike said China-based entities made over half of state-sponsored cyberattacks on tech firms for artificial intelligence assets.

A spokesperson for the company said that the product is the fastest growing in the prediction market platform's history.

JPMorgan Chase's move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies.

BYD expects China's competitive electric vehicle market to continue growing, even as manufacturers and analysts anticipate domestic demand to taper further.

EDGE Markets is announcing two new products to solve payment issues in prediction markets, the company shared exclusively with CNBC.

As Hong Kong vies with Wall Street to be the top IPO market, a growing number of pre-debut runups turn sour after their listing.

As bitcoin dropped to its lowest price since 2024, investors flock to a new type of crypto investment linked to the hyperliquid platforms, HYPE ETFs.

Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.

Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, tackles the AI boom.

Tencent Chief AI Scientist Yao Shunyu, who joined the company from OpenAI, said Friday he aims to pursue artificial general intelligence.