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SpaceX IPO: Three Upsides and Two Cautions for Investors
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Google taps households to power data centers with distributed home energy
Google has struck a three-year deal with Voltus to draw electricity from thousands of U.S. households—via devices like smart thermostats and home batteries—to power its data centers. The plan would aggregate up to about 100 MW annually across the PJM grid, supplementing centralized plants rather than replacing them. Participation is voluntary and scale is uncertain, but the approach could reduce traditional generation needs while Google keeps larger-scale options on the table.
26.085 min•26 minutes ago
JPMorgan Says Strategy Might Rebuild Dollar Cushion to Reassure Investors
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Public wealth fund could give Americans a stake in AI
Financial Times•26 minutes ago
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Asia tech rout deepens as AI-linked names cool amid rate fears
CNBC•48 minutes ago
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Europe’s Quiet Breakup with Big Tech Gains Momentum
Europe is accelerating a shift away from US Big Tech toward open-source and local alternatives, driven by digital-sovereignty concerns and policy tensions with the US. The trend spans EU plans to rely less on US tech, France switching to Qwant and LaSuite, Euro-Office, and governments moving from Microsoft Office/Google Docs, with projects like Eurosky and other national data strategies. While US firms still dominate Europe’s tech stack, officials say the aim is greater data control and independence, not a total break.
Banco BPM seeks talks with MPS to form Italy’s No. 2 bank
Banco BPM said it would invite Monte dei Paschi di Siena to discuss a merger of equals that could create Italy’s second-largest bank, a ~50 billion euro group on the Milan stock market with over 1.1 billion euros in pre-tax annual synergies and EPS upside above 10%. The move, backed by BPM’s board including Credit Agricole representatives, comes after BPM’s reprivatization involvement and amid UniCredit’s earlier opposition to a BPM-MPS move; MPS’s board was set to meet to discuss the proposal, signaling a potential new wave of Italian banking M&A.
Shoppers stop bargaining, firms hike prices and profits rise
Goldman Sachs notes U.S. companies have raised price markups and expanded gross margins even as inflation weighs on sentiment. The driver appears to be rising incomes that reduce consumers’ price sensitivity, allowing firms to charge more while spending remains strong. This sustains higher corporate profits and earnings, a dynamic that aligns with a K‑shaped economy where wealthier households drive spending while others pull back.
Schwab U.S. Dividend Equity ETF Shines as Top $1,000 Dividend Pick in 2026
Selena Maranjian highlights the Schwab U.S. Dividend Equity ETF (SCHD) as a top $1,000 dividend pick for 2026, citing a 3.25% yield, a 0.06% expense ratio, and a strong balance of income and growth. SCHD tracks the Dow Jones U.S. Dividend 100 Index and has surged about 19% year-to-date in 2026, with 3-, 5-, and 10-year annualized returns around 15.1%, 8.5%, and 12.8%. Its top 10 holdings—Qualcomm, Texas Instruments, UnitedHealth Group, Coca-Cola, Chevron, Merck, Verizon, ConocoPhillips, Procter & Gamble, Amgen—represent roughly 43% of assets, with a sector mix tilted toward consumer defensive, energy, and healthcare. The piece argues SCHD can provide solid income with growth potential and may offer some protection in a market pullback, though it notes Stock Advisor’s picks don’t include SCHD and that past performance isn’t a guarantee. (Motley Fool article syndicated by Yahoo Finance)
Supreme Court Upholds FCC Fines for Carriers Over Location Data Sales
The Supreme Court, in an 8-1 decision, upheld the FCC’s power to fine AT&T, Verizon, and, by extension, T-Mobile for mishandling and selling real-time location data, ruling that fines can proceed without a jury trial; carriers faced about $100 million in penalties split between AT&T (~$57M) and Verizon (~$47M), with similar sums tied to related actions against T-Mobile. Chief Justice Roberts wrote for the majority, while Justice Thomas dissented, arguing the process could have allowed a jury trial. The ruling strengthens privacy enforcement but underscores how slowly accountability unfolds in data-misuse cases.
SpaceX IPO Faces Reality Check After Friday Selloff
Friday's market rout erased about $1.4 trillion from the S&P 500, tightening the pricing window for SpaceX's upcoming $1.75 trillion IPO. Morningstar says SpaceX is priced about 55% above its intrinsic value, and a $4.3 billion Q1 loss underscores execution risk even as 78% of IPO proceeds are already committed and potential index inflows could tighten supply. With about 60% of IPOs historically underperforming over three years, SpaceX faces a high-stakes test of growth versus peak-multiple pricing, though FOMO and institutional backstops could still buoy the debut.
Nvidia and SK Hynix map collaboration as memory crunch drags on for years
Nvidia and SK Hynix are expected to announce a cooperative plan in Seoul as Jensen Huang warns the memory shortage will persist for several years, with collaboration spanning AI supercomputers, CPUs, PCs, and robotics amid a strained supply chain from wafers to packaging.
Saylor hints at new BTC buy as Strategy remains underwater
Strategy's executive chairman Michael Saylor posted a BTC acquisition tracker on X with the caption 'A good time to add more dots,' a signal that a fresh bitcoin purchase may be disclosed this week. Strategy holds about 843,706 BTC at an average cost of $75,699 as of May 31, leaving the treasury roughly $11.7 billion underwater at current prices as BTC trades around the $61k level. The signal follows Strategy's June 1 disclosure that it sold 32 BTC (May 26–31) for about $2.5 million to fund the STRC dividend, and it comes one day before the June 8 annual meeting vote on moving STRC dividend payments from monthly to twice monthly. If a new buy is disclosed, it would fit Saylor’s pattern of signaling purchases ahead of 8-K filings, amid a broader market backdrop of weak prices and ETF outflows.
Tech rout deepens as Korean chipmakers lead regional slide
Tech stocks in Asia fell sharply after Nasdaq's Friday drop, with South Korea's Kospi sliding as much as 8.8% and Samsung Electronics and SK Hynix down over 10%, triggering a 20-minute trading halt. The weakness spread to Japan and Taiwan as investors weighed AI-driven hype against memory-chip supply concerns, while Seoul discussed market-stability measures and foreign selling pressured the won.
Yuba City McDonald’s worker badly burned after coworker throws hot oil
After a shift at a Yuba City McDonald’s, 20-year-old Jacob Smith suffered third-degree burns when coworker Jalani Bluett, 23, allegedly threw hot oil at him; Bluett was later arrested and charged with battery causing serious bodily injury, and Jacob faces multiple surgeries, including a skin graft, at UC Davis Medical Center, with a family fundraiser launched to help cover costs.