Customers desperate for oil are draining so much of it from giant storage tanks in Oklahoma that producers are having trouble keeping up. Inventories at Cushing, the largest commercial crude oil storage hub in the US, have fallen for eight weeks in a row and now stand...

JPMorgan Asset Management’s Bob Michele expressed surprise at the hawkish tilt from the Federal Open Market Committee under new Chairman Kevin Warsh, saying policymakers sense more risk from inflation pressures than Wall Street had expected. “Half the committee is...

US manufacturing production stalled in May after four months of gains as a drop in chemical and petroleum output masked ongoing strength in categories tied to the data center boom. Factory output was little changed last month after an upwardly revised 0.7% advance in...

SpaceX (SPCX) may be one of the biggest and most important IPOs in Wall Street history. It still has to clear one of the oldest IPO problems: turning a decades-long growth story into a price investors can buy today. That problem is as old as the stock market itself....

JBS NV is closing a beef plant in Pennsylvania, in the latest sign of pressures meatpackers are facing amid a severe US cattle shortage. In addition to the beef production facility in Souderton, Pennsylvania, the world’s largest meat supplier also said it is closing a...

Investors will soon have a sense of how SpaceX shares will perform after the largest initial public offering ever — but they may need to wait several hours to get in on the trading action. Shares of the rocket, satellite internet and artificial intelligence giant will...

The list of sustainability-focused fund managers opting to blacklist SpaceX is growing, as they contemplate the unprecedented level of control that Elon Musk will hold over the rockets-to-chatbot behemoth. “It’s simply too, too risky for the type of longevity we want...

Veteran short seller James Chanos said SpaceX’s blockbuster public debut is being driven more by investor enthusiasm for Elon Musk and artificial intelligence than by financial fundamentals, arguing the company’s valuation is difficult to justify on any reasonable...

Wall Street was rattled by a renewed selloff in some of the world’s largest technology companies, with stocks also falling as a flare-up in geopolitical tensions lifted oil prices. Those worries drove the S&P 500 to a five-week low, with the benchmark dropping...

German company Neura Robotics has raised a round of up to $1.4 billion, the company said on Wednesday. U.S. tech giants including Tether, Qualcomm, Amazon and Nvidia all participated in the round. Robotics companies have raised $55.8 billion so far in 2026, according...

A “constipated” private equity industry must compromise on price to shift assets built up in the boom era, and some buyout houses could disappear altogether, senior executives say. The reckoning is one of several major challenges confronting private markets as...