Saturday, 16 May 2026
SpaceX, led by Elon Musk, is set to go public on June 12, aiming to raise approximately $75 billion at a valuation of around $1.75 trillion, which would make it the largest initial public offering in history. The company plans to file its IPO prospectus next week and has chosen Nasdaq for its listing, with formal marketing expected to begin around June 4.
Google's evolving AI capabilities are reshaping the online shopping landscape, with 89% of product searches now yielding AI-curated results. The introduction of multimodal AI reasoning allows for personalized shopping experiences by analyzing 47 product attributes, significantly impacting how products are displayed in search results and shopping tabs. As a result, ecommerce sellers must prioritize product data quality over traditional keyword optimization to remain competitive in this AI-driven environment.
A global bond selloff is intensifying as rising oil prices exacerbate inflation concerns, with the yield on U.S. two-year Treasuries climbing to 4.07%, the highest since March 2025, and the ten-year yield reaching 4.55%, a one-year peak. The surge in Brent crude prices, now up over 80% this year, has prompted fears that central banks, including the Federal Reserve, may need to raise interest rates to combat inflation, which hit a three-year high of 3.8% in April. Analysts warn that persistently high borrowing costs could undermine recent gains in equity markets.
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