They had a bounce during Europe time on perceptions … delusions …. that the US-China war was easing.
So much for that.
NZD/USD is under 0.6300 and to its lowest sin 4 years, nearly, since September of 2015
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NVDA beats earnings but shares dip 1% on forecast. SpaceX eyes IPO, revealing financials. Futures slide.
SpaceX IPO looms: $18.7B revenue, but $4.9B loss. Huge AI/Starlink spend, massive market potential.
Australia's flash composite PMI fell to 47.8 in May from 50.4 in April, signalling the second contraction in three months, as new orders dropped at the fastest pace since September 2021, per S&P Global.
The ECB is set to raise rates on June 11 but will signal caution on any July follow-up, four sources told Reuters, as analysts at Deutsche Bank forecast quarter-point hikes in June and September taking rates to 2.50%.
TWLO's 5.3x P/S raises concerns despite operating profit gains. GWW's 27.4x P/E lags peers. MCD's 20.9x P/E shows growth potential.
Murdoch buys half of Vox Media for $300M, betting on thoughtful journalism's future returns.
Data centers' power demand could hike utility prices 50%+ by 2030. Traders watch energy costs.
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