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Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.
Source
Bloomberg Markets
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Ahead of a planned IPO, SpaceX inked a deal to rent compute capacity to Google for $920 million per month for 32 months.
The May jobs report blew past forecasts. Why is it taking six months to find a new job?
Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable.
Katherine Bordlethwait, Goldman Sachs asset management co head of equity client portfolio management, discussed the current equity market environment amid record highs and strong investor enthusiasm. She emphasized that continued earnings growth is critical for the market to sustain its momentum, noting that corporate profits as a percentage of GDP are at a record high. (Source: Bloomberg)
