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Two Things SpaceX Just Admitted Ahead of Its IPO That Wall Street Doesn’t Want You to Read
24/7 Wall St.75d agoneutral
Two Things SpaceX Just Admitted Ahead of Its IPO That Wall Street Doesn’t Want You to Read

Every IPO prospectus has a risk factors section. Almost no one reads it. With SpaceX preparing to list on the NASDAQ, the document is hundreds of pages long, and the most interesting sentences are buried where retail investors rarely look. I’ve been reading space-economy filings for years now, and two admissions inside SpaceX’s pre-IPO disclosures ... Two Things SpaceX Just Admitted Ahead of Its IPO That Wall Street Doesn’t Want You to Read

Markets Fall as U.S. and Iran Trade Strikes. Stock Futures Drop.
Barrons.com75d agobearish
Markets Fall as U.S. and Iran Trade Strikes. Stock Futures Drop.

Stocks looked set to drop on Thursday as investors fretted about the status of the fragile cease-fire between the U.S. and Iran. S&P 500 futures declined 0.1% and contracts tied to the tech-heavy Nasdaq 100 fell 0.4%. American forces shot down Iranian drones and hit a drone-control station near Bandar Abbas, according to The Wall Street Journal, citing U.S. officials.

Oil Retreats — Heard on the Street Wednesday Recap
The Wall Street Journal75d agoneutral
Oil Retreats — Heard on the Street Wednesday Recap

Oil prices fell on a new report of progress in negotiations. Iran’s state broadcaster reported that a draft framework being negotiated with the U.S. includes restoring commercial shipping to prewar levels within a month. President Trump, speaking at a cabinet meeting, signaled that he was prepared to keep negotiating but didn’t exclude further military action.

Review & Preview: Oil Retreats
Barrons.com76d agoneutral
Review & Preview: Oil Retreats

All three major indexes spent the day inching toward fresh record highs as oil futures seemed to see an end in sight for the Iran war. The Nasdaq Composite Index closed up 0.1% to a new high of 26,674.73 on Wednesday. Today’s market wins were largely driven by the fact that oil futures were hovering at a six-week low on the news that the U.S. and Iran seem to be heading toward a deal to end the conflict and reopen the Strait of Hormuz.