Author: franperez66q@protonmail.com

SpaceX shares rose 3% in premarket trading on Wednesday, as the Elon Musk-led company extended a remarkable rally that’s seen the stock surge around 62% since a blockbuster IPO on Friday.Consistent gains for SpaceX this week pushed its market cap above Amazon on Tuesday, and it briefly surpassed Microsoft to become the fourth-largest company by valuation in the U.S. SpaceX had a market cap of $2.65 trillion at close on Tuesday. Investors are betting big on the promise of founder and CEO Musk’s ability to drive long-term returns. Musk posted on X on Sunday that the company “might be able…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.I am unfortunately heading into a divorce and am very concerned about how a judge will go about putting a value on my share of my business. What is the process for establishing a valuation?Adele Pledger, partner in family law at Withers Adele Pledger, partner in family law at Withers in London, says heading into divorce is difficult at any point, but I understand your concerns about your business. Nuance is central to the family court’s search for a fair financial outcome…

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The oil supply shock caused by the Iran war has eroded global demand for crude — but a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year, the International Energy Agency said on Wednesday.In its latest monthly oil market report, the IEA slashed its 2026 demand outlook to 1.1 million barrels a day year-over-year in 2026. That’s a 700,000-barrel-per-day downgrade from last month’s estimate, after deliveries plunged by 5 million barrels per day in the second quarter, the IEA said.Global supply, meanwhile, slumped to 94.5 million barrels a day…

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Android for your wrist is getting an upgrade today, assuming you have a Pixel Watch. Google says Wear OS 7 is a major update that brings Gemini Intelligence to the latest models. It’s not all AI, though. For starters, Google claims Pixel Watch users can expect a 10 percent battery life boost after the update. The new software, based on Android 17, ports several notable phone features to wearables, including live notifications. You can now track your DoorDash orders or check sports scores at a glance. The audio source picker from phones is also coming over to the Pixel Watch.…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer has indicated Andy Burnham should have a cabinet job and play a “big role in government” as the beleaguered prime minister tries to head off a looming leadership challenge.Ahead of the crucial Makerfield by-election on Thursday in which Burnham is attempting to return to parliament, Starmer described his potential challenger as a “great asset” after being asked by Sky News if he should be in the cabinet. He added: “And, yes, I want him to have a big role…

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More and more central banks are storing gold bullion at home rather than overseas, as they expect to buy more of the safe-haven asset amid heightened geopolitical tensions.These are among the findings of the World Gold Council’s annual Central Bank Gold Reserves survey. It found that monetary authorities still see gold as a key hedge against inflation, geopolitical shocks and currency risk, despite a recent pullback in prices during the Iran conflict.Stock Chart IconStock chart iconGold futures.Central banks have bought an average of 1,000 tonnes annually over the past four years — double the average over the previous decade, per…

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