Kevin Warsh is taking the reins at the Federal Reserve.
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Kevin Warsh is taking the reins at the Federal Reserve.
BlackRock has discussed investing $5 billion to $10 billion in SpaceX's initial public offering next month, the Information news outlet reported on Saturday, citing people familiar with the matter. SpaceX is targeting a raise of about $75 billion at a valuation of roughly $1.75 trillion, potentially making it the biggest-ever stock market flotation. BlackRock declined to comment.
It's incredibly rare when a sitting Fed chair interjects their opinion on stock valuations -- and when this happens, it shouldn't be ignored.
As the Dow, S&P 500, and Nasdaq Composite ascend to the heavens, so does the likelihood of the Trump bull market taking the elevator down.
May 15 (Reuters) - A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company's board, Bloomberg News reported on Friday, citing people familiar with the matter.
In the closing of the recent trading day, Dollar General (DG) stood at $102.38, denoting a -2.54% move from the preceding trading day.
ChargePoint Holdings, Inc. (CHPT) closed at $6.63 in the latest trading session, marking a -2.64% move from the prior day.

<body><p>STORY: Wall Street's main indexes retreated from AI-fueled record highs on Friday, with the Dow dropping 1%, the S&P 500 shedding one-and-a-quarter percent and the Nasdaq declining more than one-and-a-half percent.</p><p>Stocks moved lower as a jump in benchmark Treasury yields reflected surging energy prices and concerns about long-term inflation.</p><p>Leah Bennett is chief investment strategist at Concurrent Investment Advisors.</p><p>“Equities are trading down today primarily, I think, because people are disappointed not to see any sort of movement between Trump and Xi coming out of the summit regarding the conflict in the Middle East. So, oil is up another 4% today. We obviously saw an impact on the CPI (Consumer Price Index) and the PPI (Producer Price Index). And the longer that oil prices stay up, the longer we're going to have rising inflation. And this is the first time we've really seen the ten-year inflation expectations cross 2.5%. And historically, that's been very consistent with a period where the Fed had to increase interest rates.”</p><p>Friday marks Jerome Powell's last day as U.S. Federal Reserve chair. Incoming Chair Kevin Warsh is saddled with the potential need for a rate hike if a protracted Iran war leads to sticky inflation.</p><p>Among individual stock moves, the AI rally largely stalled, with Nvidia losing nearly 4.5%, AMD shedding more than 5.5% and Intel dropping more than 6%.</p><p>On the flip side, shares of Microsoft rose 3% following the disclosure of a new position in the company taken by Bill Ackman's hedge fund Pershing Square.</p><p>And shares of Ford slid about 7.5%, retreating from a near 21% surge over the last two sessions on optimism over the automaker's energy storage business.</p></body>
Delta Air Lines (DAL) concluded the recent trading session at $70.23, signifying a -1.84% move from its prior day's close.
Ives says IPO frenzy and chips could fuel Nasdaq surge
Sales and earnings beats in Q1 weren't enough to prevent sell-offs for Vuzix stock today.
The S&P 500 tumbled 1.2% on Friday, the Nasdaq Composite fell 1.5% and the Dow Jones Industrial Average shed 537 points, or 1.1%. The 30-year government bond hit its highest closing yield in nearly 20 years, at 5.127%. President Trump said that he and Chinese leader Xi Jinping “feel very similar on Iran” and both want the conflict to end.
The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yi
US equity indexes slumped as continuing uncertainty over the reopening timeline for the Strait of Ho
The U.S. stock market fell from its records and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market. The Dow Jones Industrial Average dropped 1.1%, and the Nasdaq composite sank 1.5% from its own record. The Nasdaq composite fell 410.08 points, or 1.5%, to 26,225.14.
The stock market rally took a hiatus on Friday, as a sharp Treasury selloff left investors wondering just how much higher bond yields can climb. The S&P 500 fell 1.2%, while the Dow Jones Industrial Average declined 537 points, or 1.1%, and the Nasdaq Composite lost 1.5%. The S&P 500 ended the week higher despite Friday’s pullback, with the index notching a seven-week winning streak, its longest since December 2023.
Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) falling below the $80,000 level. The Coi
US equity indexes fell amid a surge in government bond yields and crude oil futures ahead of Friday'
Unusual Machines' Q1 report arrived with a big sales beat, but there was a catch.
A surge in bond yields stalled the stock market's momentum on Friday, as investors braced for the possibility that the selloff in bonds may not be over yet. The S&P 500 was down 0.9%, while the Nasdaq Composite was 1% lower. Losses have accelerated over the past few hours as bond yields have shown no signs of calming down.
Tech stocks are falling today, and IonQ is feeling the pressure.
US equity indexes fell amid a surge in government bond yields and crude oil futures in midday tradin