A street, a term, a global financial power
SpaceX has completed the largest IPO in history and begun trading on Nasdaq. Shares opened at $150, climbed as high as $176 and closed around $160–$166 in extended trading, valuing the company above $2 trillion at times. The offering raised about $75 billion, deeply rewarded early investors and made Elon Musk the world's first likely trillionaire.
A string of articles shows AI is transforming junior roles across finance and tech, boosting productivity while prompting debate about job quality and upskilling. Disney, Paramount and Thoma Bravo describe faster coding, more complex tasks for juniors, and government-led training initiatives.
As of March 22, 2026, the ongoing Iran conflict has pushed oil prices above $100 a barrel, disrupting global energy markets and complicating economic forecasts. The US Federal Reserve held interest rates steady at 3.6%, citing uncertainty from the war and its inflationary impact. Weak US job growth and rising inflation have heightened fears of stagflation, while markets brace for prolonged volatility.
Global markets are fluctuating as tensions between the U.S. and Iran persist. Wall Street has seen declines, while Asian markets show mixed movements. Oil prices remain elevated amid ongoing conflicts in the Strait of Hormuz, with the U.S. extending its ceasefire with Iran. The situation continues to influence energy and financial markets today.
South Korea’s Kospi has surged past 7,000 as AI-driven demand for memory semiconductors lifts the market. Goldman Sachs has raised its 12‑month target to 9,000, citing durable earnings in memory chips and rising valuations.
A new wave of AI agents, including OpenClaw in China, is transforming tech industries and user behaviors. While these tools offer automation and innovation, security risks and regulatory crackdowns are emerging, especially amid geopolitical tensions in the Middle East. The story highlights rapid adoption, risks, and geopolitical impacts as AI advances accelerate.
Wall Street's record profits in 2025 led to high bonuses, but a shortfall in tax revenue is emerging. The city faces a $5.4 billion budget gap, with projections indicating bonuses may fall short of expectations, impacting city finances and political debates over wealth taxes.
Oil prices fluctuated sharply on April 2, 2026, as tensions between Iran and the US escalate over the Strait of Hormuz. Brent crude rose slightly, while WTI declined, reflecting market uncertainty about potential disruptions to global oil supplies amid ongoing military and diplomatic tensions.
As of April 2026, Tesla's Q1 vehicle deliveries fell 4% below analyst expectations, with a record inventory buildup signaling demand challenges. Volkswagen will cease US production of its ID.4 electric SUV, shifting focus to higher-volume models amid weak EV sales. Meanwhile, Australian demand for used EVs surges due to rising fuel prices, and Toyota plans to expand its US EV lineup despite recent market setbacks.
Oil prices have been rising sharply amid escalating tensions after the US announces a blockade of Iranian ports following failed ceasefire talks. Stock markets are volatile, and energy supplies face disruption as Iran closes the Strait of Hormuz. The situation remains uncertain and tense.
Markets have regained momentum after a period of volatility, with the S&P 500 retaking earlier losses as earnings revisions point to resilience. Investors are watching oil markets and geopolitical tensions, but a broad-based recovery is taking hold as fundamentals remain supportive for long-horizon investors.
Developing signals around an AI-driven market rally point to a late-cycle melt-up risk, with indicators suggesting momentum could cool as funding and demand tighten. Investors monitor signs of a potential correction amid a still-lofty market backdrop.
Nvidia has reported $58.32 billion in profit and $81.62 billion in revenue for the February–April quarter, beating analysts’ expectations. The company has projected about $91 billion in revenue for the current quarter, while preparing a $80 billion stock buyback and boosting its dividend. Shares traded modestly after hours, with investors weighing a possible cooldown after years of AI-driven growth.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Analysts warn the valuation depends on unproven projects such as orbital data centres and Mars ambitions.
OpenAI has confidentially filed an S-1 with the U.S. Securities and Exchange Commission, signaling a potential public listing. The move follows similar steps by Anthropic and SpaceX, with OpenAI describing the filing as a cautious step that could accelerate or delay the IPO depending on market conditions.
AP News reports the SpaceX IPO could raise around $75 billion, financing aggressive expansion into spaceflight, lunar bases, and Mars colonization. The prospectus frames SpaceX as pursuing an interplanetary future, with Musk aiming to become the world’s first trillionaire if the plan succeeds. Separately, a wildlife land swap linked to SpaceX perches on the U.S.-Mexico border amid opposition and litigation.