SpaceX enters Nasdaq 100, setting up $4.3 billion in fund buying
What's new: Wall Street banks began coverage as the quiet period ended, while options traders stayed heavily tilted toward calls.
Bloomberg, CNBC +1
Subject
#Jpmorgan
Singapore sets up OTC gold clearing, central bank vaulting in 2026
What's new: MAS will launch vaulting by October, scrap a 5% cap on physical precious metals and let six banks clear trades.
Singapore sets OTC gold clearing, central bank vaulting for 2026
What's new: SGX plans Loco Singapore clearing by year-end, while MAS will start vaulting services for foreign central banks in October.
Oil drops about 4% as more tankers move through Hormuz
What's new: U.S. crude fell to $87.68 and Brent to $90.94 as traders weighed rising traffic against the risk of renewed Israel-Iran strikes.
Bloomberg, CNBC
Banks tap SpaceX IPO to court ultrawealthy clients in New York
Why it matters: The offering could generate more than $500 million in fees while deepening private-bank ties as wealth competition intensifies.
Tencent targets $4 billion in US dollar, offshore yuan bond sale
What's new: The company is marketing 10- and 20-year dollar notes and 10- and 30-year offshore yuan debt under its $30 billion note program.
JPMorgan lifts Tesla target to $475, citing robotaxi and AI upside
What's new: The bank moved Tesla to neutral from underweight and sees revenue topping $200 billion by 2030.