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SpaceX confirmed it is preparing to go public in what could become the largest IPO ever, potentially valuing the company at around $2 trillion and dramatically increasing the net worth of majority owner Elon Musk.
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Iran’s Revolutionary Guard announced a new ‘controlled maritime zone’ in the Strait of Hormuz, saying ships must obtain authorization from a Persian Gulf Strait Authority and pay tolls reportedly up to $2 million in Chinese yuan or Bitcoin
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Human rights monitors in Sudan report that an armed drone attacked a crowded market in West Kordofan province, killing 28 people and wounding dozens more, underscoring the intensifying humanitarian crisis in the country’s internal conflict.
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Brambles shares fell over 20% — their steepest single-day drop in two decades — after the pallet pooling group cut its FY26 revenue and EBIT guidance, citing softer demand and rising costs.
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Spotify began testing AI music tools that let artists and fans generate AI‑powered song covers under a licensing framework with Universal Music Group, a major step in legitimizing generative audio on streaming platforms.
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Salon and spa software startup Fresha raised $80 million in new funding from KKR, lifting its valuation to $1 billion as investors bet on vertical SaaS tools that digitize the beauty and wellness industry.
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An unexpected jump in U.S. producer prices underscored lingering inflation pressures, prompting traders to scale back bets on imminent Federal Reserve rate cuts and pushing short‑term yields higher before later paring gains.
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OpenAI is preparing to file a confidential S-1 with the SEC as early as Friday, a step that could pave the way for a September IPO. The move comes as the company works with Goldman Sachs and Morgan Stanley.
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The Bank of Jamaica announced that participants in its B‑FXITT auctions must limit resale spreads of intervention funds to J$0.20 on the buy price, a move aimed at improving FX market transparency and curbing excessive mark‑ups.
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Australia’s labor market unexpectedly shed around 18,000 jobs in April and unemployment hit 4.5%, reinforcing evidence that restrictive monetary policy is cooling the economy and prompting markets to price in earlier RBA easing.
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