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  Bloomberg

  

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  SpaceX and Other Mega IPOs May Wait Years to Join the S&P 500

  Bloomberg - By Bailey Lipschultz and Vildana Hajric

  Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected …

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  Bloomberg

  

  8 hours ago

  Nasdaq 100 Slides 4.8% as Traders Dump Tech, Buy Defensive Names

  Bloomberg - By Joel Leon, Natalia Kniazhevich, and Jess Menton

  The massive months-long rally in US stocks took a painful turn on Friday as traders rushed to dump mega-cap technology stocks and snap up more …

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  Bloomberg

  

  8 hours ago

  US Bonds Slide as Strong Jobs Data Fuels Bets on 2026 Fed Hike

  Bloomberg - By Michael MacKenzie

  Bond traders fully priced in a Federal Reserve interest-rate hike by the end of this year after US job growth topped all forecasts in May, spurring …

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  Bloomberg

  

  1 hour ago

  Citigroup Economists Maintain Lonely Call for Fed Rate Cuts

  Bloomberg - By Elizabeth Stanton

  Unswayed by strong US jobs data released Friday, economists at Citigroup Inc. are maintaining their increasingly lonely prediction that the Federal …

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  Bloomberg

  

  2 hours ago

  S&P’s SpaceX Snub Shows Elon Musk the Power of Index Gatekeepers

  Bloomberg - By Lu Wang, Justina Lee, and Isabelle Lee

  Elon Musk once said passive investing has “gone too far,” mocked environmental, social and governance indexes as a “scam” and endured a long wait to …

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  Bloomberg

  

  2 hours ago

  Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets

  Bloomberg - By Yvonne Yue Li

  Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind …