SpaceX lays out IPO details, targets early June roadshow: Reuters
The Elon Musk-led company plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to investors, sources said.
Brazil puts China’s BYD on list of shame for workers’ past slavery-like conditions
Brazil has blacklisted China’s BYD, after a 2024 scandal in which Chinese workers were said to have been victims of human trafficking and abusive contracts.
Samsung shares rise nearly 5% as profit seen jumping 8-fold on AI chip boom
Samsung Electronics forecast record first-quarter operating profit that came in far above analyst estimates on booming demand for AI memory chips.
Oil prices rise as Trump reaffirms Tuesday deadline for bombarding Iran’s power plants, bridges
Crude prices ticked higher after Trump repeated the Tuesday deadline for escalating attacks on Iran’s power plants and bridges.
Asia-Pacific markets open higher as investors assess Trump’s mixed messaging on Iran war
Trump renewed threats on targeting Iran’s civilian infrastructure if a peace deal is not reached in less than 24 hours, while signaling Iranian leadership is negotiating in earnest.
CNBC’s The China Connection newsletter: Why AI isn’t replacing jobs in China (yet)
Rapid adoption of artificial intelligence has many in Silicon Valley reeling from news of layoffs. Engineers in China appear to be more insulated.
Jim Cramer says potential stock market bottom is tied to interest rates, not war headlines
CNBC’s Jim Cramer said investors shouldn’t get comfortable calling a market bottom just yet, because the real driver of this market isn’t geopolitics.
Broadcom agrees to expanded chip deals with Google, Anthropic
Broadcom said it agreed to produce future versions of Google artificial intelligence chips, and announced an expanded deal with Anthropic.
S&P 500 futures are little changed as Trump’s deadline to reopen Strait of Hormuz nears: Live updates
Stocks moved higher on Monday as investors bet that the end to the Middle East conflict was near.
Epstein files: Commerce Secretary Howard Lutnick set for May 6 interview by House Oversight
Commerce Secretary Lutnick originally claimed to have cut off contact with Jeffrey Epstein in 2005. But he and his family had lunch with the predator in 2012.