ECONOMY PULSE

AIThe S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.

AIThe Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, according to a person familiar with the matter.

AIWith SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.

AISpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.

AIWhile the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.

AITraders on Polymarket think it's likely SpaceX will join a group of just six companies with a market value beyond $2 trillion.

AIThe yellow metal is at its lowest level of the year as potential interest rate increases and faltering technical signals weigh on prices.

AIThe producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.

AIJane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.