US Job Cuts Rise in May as AI Remains Leading Driver
Rising Layoffs Led by AI and Corporate Restructuring US-based employers reported 97,006 job cuts in May 2026, up from 83,387 in April. This makes May’s figure the highest since January and the largest May total since 2020. The increase also...
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SpaceX Targets Record $75 Billion IPO With Fixed Share Price
SpaceX Sets Out Unconventional IPO Structure According to the report, SpaceX is moving away from the customary IPO approach in which companies first announce a price range and then finalize the offer price after a roadshow with investors. Instead, the...
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Asian tech stocks advance as AI optimism lifts KOSPI to record
South Korean and Japanese tech stocks lead regional gains South Korea’s KOSPI surged nearly 5% to a record high of 8,874.16 points, supported mainly by technology names. Memory chip producers Samsung Electronics Co Ltd and SK Hynix Inc each rose...
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US Stock Futures Rise as Middle East Talks Ease Inflation Concerns
Futures Advance on Geopolitical Developments US stock futures moved higher on Monday, supported by signs that the US and Iran were moving closer to an agreement that could reopen the Strait of Hormuz. Such an outcome is seen as potentially...
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Fed Minutes Show Majority Ready to Hike if Iran War Keeps Inflation Elevated
Heightened Disagreement Over Policy Direction At the meeting, the FOMC voted to keep its benchmark federal funds rate target unchanged at 3.5%-3.75%. However, there were four “no” votes, the most since 1992, signaling an elevated level of disagreement about the...
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