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2026-06-02

SpaceX is negotiating with banks to underwrite a planned $75 billion IPO, seeking an underwriting fee below 0.75%. Even at that rate banks could still earn roughly $500 million from record first-day aftermarket trading. Co-leads Goldman Sachs and Mor

SpaceX is negotiating with banks to underwrite a planned $75 billion IPO, seeking an underwriting fee below 0.75%. Even at that rate banks could still earn roughly $500 million from record first-day aftermarket trading. Co-leads Goldman Sachs and Morgan Stanley are set to take larger shares of the fee pool. The cited figures are base fees and exclude discretionary incentive payments. For context, banks typically charge 4–7% on IPOs (average deal size under $1 billion); fees fall materially on very large deals but usually remain above 1%.
2026-06-02

Federal Reserve's Hamack: Businesses have demonstrated strong resilience amid a host of changes.

Federal Reserve's Hamack: Businesses have demonstrated strong resilience amid a host of changes.
2026-06-02

Fed's Hammack said he has heard both positive and negative cases regarding tariffs.

Fed's Hammack said he has heard both positive and negative cases regarding tariffs.
2026-06-02

At the opening of the night session, most domestic futures contracts rose, with Shanghai tin up nearly 2%, Shanghai silver and TSR20 rubber up over 1%, and Shanghai aluminum, international copper, and Shanghai zinc up nearly 1%. On the downside, SC c

At the opening of the night session, most domestic futures contracts rose, with Shanghai tin up nearly 2%, Shanghai silver and TSR20 rubber up over 1%, and Shanghai aluminum, international copper, and Shanghai zinc up nearly 1%. On the downside, SC crude oil, fuel oil, and asphalt fell over 1%, while low-sulfur fuel oil (LU) and polyvinyl chloride (PVC) fell nearly 1%.
2026-06-02

Federal Reserve's Hamack: We've heard both positive and negative examples about tariffs.

Federal Reserve's Hamack: We've heard both positive and negative examples about tariffs.
2026-06-02

US Republican Senator Graham said any agreement with Iran must punish future support for its proxies.

US Republican Senator Graham said any agreement with Iran must punish future support for its proxies.
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