SpaceX has filed confidentially for what would be the largest IPO in history, targeting a $1.75 trillion valuation and a $75 billion raise. The filing puts Elon Musk’s rocket, satellite, and AI company on track for a June listing that will reshape public markets.
Intel is repurchasing Apollo’s 49% stake in Fab 34, its advanced chip fabrication facility in Ireland, for $14.2 billion. The deal signals that Intel’s turnaround under CEO Lip-Bu Tan has reached a tipping point, and the market responded with a 9% stock surge.
Solana-based DeFi trading platform Drift Protocol suffered a catastrophic exploit on April 1, with attackers draining an estimated $270 million from multiple vaults. The DRIFT token collapsed more than 20%, and the attack now ranks among the largest onchain crypto hacks in history.
Nike shares suffered their worst single-day drop in years, falling more than 15% after the company projected a 20% decline in China revenue and warned that the Iran war’s economic ripple effects are undermining its global turnaround strategy.
Oracle has begun cutting up to 30,000 employees, roughly 18.5% of its global workforce, to redirect billions in cash flow toward a $156 billion AI infrastructure buildout. The company posted a 95% jump in net income last quarter. This is not a story about financial distress. It is a story about strategic ruthlessness.
French AI startup Mistral just completed its first major debt raise, $830 million backed by seven European banks, to build a data center near Paris housing 13,800 Nvidia GB300 GPUs. The deal signals that lenders now view AI infrastructure as bankable collateral, and Europe is making a deliberate play for sovereign AI capacity.
Futures traders have pushed the probability of a Federal Reserve rate increase by year-end to 52%, the first time it has crossed the 50% threshold. Six months ago, the consensus was multiple rate cuts. The complete reversal is being driven by oil above $110 and inflation projections that are getting worse by the week.
U.S. gas prices crossed $4 a gallon on Tuesday for the first time since 2022, as Brent crude’s record 55% monthly gain sends shockwaves from the pump to the grocery aisle. With diesel at $5.45 and the Iran war entering its fifth week, the consumer spending squeeze is accelerating.
A federal judge in San Francisco granted Anthropic a preliminary injunction against the Trump administration, ordering the Pentagon to rescind its designation of the AI company as a “supply chain risk.” The 43-page ruling called the blacklist “arbitrary and capricious” and found the government engaged in First Amendment retaliation.
The Nasdaq dropped nearly 2.4% on Thursday, officially entering correction territory as Brent crude surged past $110 per barrel. Wall Street is staring down its fifth consecutive weekly loss, the longest streak since 2022, while consumer sentiment cratered to its lowest reading of 2026.
OpenAI is in full acquisition mode. After spending the better part of last year getting schooled by Anthropic in the enterprise market it invented, the company is doing what it always does when under pressure: throw people and capital at the problem. The Financial Times
It’s not often you see an entire industry category get repriced in real time, but that’s precisely what happened on Tuesday, March 24, 2026, when the enterprise software sector melted down with the kind of ferocity usually reserved for earnings misses and executive scandals. Salesforce
A massive explosion at Valero Energy’s Port Arthur refinery in Texas just sent shockwaves through energy markets everywhere, and the timing could not be worse. With 435,000 barrels per day suddenly offline, the U.S. oil sector is now staring at exactly the kind of supply
In a move that sent stock futures soaring and oil prices plummeting, Donald Trump announced Tuesday that he’s postponing planned strikes on Iranian power plants for five days, claiming “productive conversations” with Tehran have opened a door to negotiation. The problem, of course, is that
New court filings reveal a Pentagon official emailed Anthropic CEO Dario Amodei saying the two sides were “very close” on autonomous weapons and surveillance guardrails, just one week after Trump publicly severed ties with the AI company. Tuesday’s hearing before Judge Rita Lin could redefine the relationship between AI companies and the U.S. military.
Meta is shutting down Horizon Worlds on VR headsets by June 2026, closing the book on a metaverse bet that cost Reality Labs $84 billion in cumulative losses since 2020. The company is pivoting hard to AI and smart glasses as Zuckerberg quietly walks away from the vision he renamed his entire company around.
The financial architecture of the Iran war reveals a remarkable pattern: the people who pushed hardest for the conflict are the same people making the most money from it.
The Federal Reserve kicks off its two-day FOMC meeting with rates expected to hold at 3.75%. But the real action comes Wednesday with the Dot Plot, where surging oil prices, sticky inflation, and 15% tariffs collide with a cooling labor market for the first time in the Fed’s official projections.
Adobe beat earnings by $120 million. AI revenue tripled. The stock dropped 7.6% anyway. Shantanu Narayen’s departure after 18 years isn’t just a CEO transition. It’s the clearest signal yet that Wall Street no longer believes legacy creative software survives the AI era.
Jensen Huang takes the stage at GTC 2026 with 30,000 attendees watching. The Vera Rubin platform launch, a $27 billion Meta-Nebius deal, and one-gigawatt AI factories signal that Nvidia’s grip on the AI infrastructure buildout is tighter than ever.