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SpaceX Plans Massive Stock Market Debut to Raise $75 Billion

Key Points: SpaceX intends to file its initial public offering paperwork with financial regulators within the next two weeks. Financial advisers expect the aerospace company to raise more than $75 billion during this stock market debut. Retail investors could capture more than 20% of the available shares, though executives have not finalized the exact figure. The company declined to comment on the leaked report, originally...

British Consumer Confidence Drops as Grocery and Energy Bills Surge

Key Points: A new KPMG survey shows that 62% of British shoppers believe the national economy is currently weakening. About 85% of concerned citizens blame the rising cost of everyday groceries for their financial anxiety. Ongoing conflicts in the Middle East continue to push local energy and utility bills much higher. Exactly 40% of worried consumers now delay buying major expensive items like cars and...

Oil Prices Drop Below $89 as US Pushes for Ceasefire With Iran

Key Points: West Texas Intermediate crude oil prices dropped below $89 a barrel following news of a United States peace proposal. The New York Times reported that American officials sent a detailed 15-point peace plan to Iranian leaders to stop the fighting. The Trump administration simultaneously ordered 2,000 soldiers from the 82nd Airborne Division to deploy straight to the Middle East. Iran controls the Strait...