Order

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President Donald Trump

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  <p><span>June 11, 2026 17:03:20 UTC</span></p>
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    <h2 id="h-blackrock-reportedly-places-5-billion-order-in-spacex-ipo" class="wp-block-heading liveblog-title">BlackRock Reportedly Places $5 Billion Order in SpaceX IPO</h2>
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      <p>BlackRock has reportedly placed an order for at least $5 billion in the SpaceX IPO, according to Polymarket. The move signals significant institutional appetite for the listing ahead of tonight’s pricing.</p>
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  <p><span>June 11, 2026 16:41:13 UTC</span></p>
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    <h2 id="h-investors-pull-13-9-billion-from-us-stocks-in-record-week" class="wp-block-heading liveblog-title">Investors Pull $13.9 Billion From US Stocks in Record Week</h2>
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      <p>Single-stock outflows hit $14.2 billion last week, the largest weekly withdrawal since records began in 2008, with technology leading the exit at $10.8 billion, the highest weekly tech sale on record. Equity ETFs absorbed $300 million for an eleventh straight week of inflows. Profit-taking is accelerating.</p>
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  <p><span>June 11, 2026 16:26:23 UTC</span></p>
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    <h2 id="h-oracle-shares-drop-11-after-20-billion-capital-raise-warning" class="wp-block-heading liveblog-title">Oracle Shares Drop 11% After $20 Billion Capital Raise Warning</h2>
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      <p>Oracle shares fell 11% Thursday, heading for their worst single-day decline since January 2025, after the company told investors it plans to raise an additional $20 billion in capital while reporting negative free cash flow for the full year.</p>
      <p>The selloff wiped out Oracle’s year-to-date gains, leaving the stock down roughly 8% for 2026 and lagging well behind the Nasdaq, which is up approximately 9% over the same period.</p>
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  <p><span>June 11, 2026 16:10:00 UTC</span></p>
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    <h2 id="h-two-wall-street-firms-start-spacex-coverage-ahead-of-friday-debut" class="wp-block-heading liveblog-title">Two Wall Street Firms Start SpaceX Coverage Ahead of Friday Debut</h2>
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      <p>Oppenheimer and New Street Research both initiated coverage on SpaceX Thursday, a day before the company lists on the Nasdaq under the ticker SPCX at $135 per share.vOppenheimer gave the stock an outperform rating with a 12 to 18 month price target of $190, implying a 40% gain from the IPO price. Analyst Timothy Horan flagged expected volatility but said the stock should gain out of the gate.vNew Street Research set a 12 month target of $165, suggesting a 22% upside, without assigning a formal rating.</p>
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  <p><span>June 11, 2026 16:10:00 UTC</span></p>
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    <h2 id="h-bofa-american-consumers-are-still-spending-despite-rising-inflation" class="wp-block-heading liveblog-title">BofA: American Consumers Are Still Spending Despite Rising Inflation</h2>
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      <p>Consumer spending remains surprisingly resilient even as inflation climbs, Bank of America said Thursday. Total credit card spending rose 5.1% year-on-year in May, with broad strength across both goods and services and no signs of households borrowing to fund daily expenses, according to a client note from BofA strategists led by senior economist David Tinsley.</p>
      <p>“Consumer spending momentum is remarkably robust,” the note said.</p>
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  <p><span>June 11, 2026 16:00:08 UTC</span></p>
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    <h2 id="h-us-wholesale-inflation-jumps-to-highest-since-2022" class="wp-block-heading liveblog-title">US Wholesale Inflation Jumps to Highest Since 2022</h2>
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      <p>May Producer Price Index inflation came in at 6.5%, above the 6.4% forecast and the highest reading since November 2022, according to data released Thursday. Core PPI held at 4.9%, matching April’s revised level.</p>
      <p>The print pushes wholesale inflation back to levels last seen during the pandemic stimulus era and adds to mounting pressure on the Federal Reserve. Market odds of rate hikes, rather than cuts, continue to rise.</p>
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  <p><span>June 11, 2026 16:00:08 UTC</span></p>
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    <h2 id="h-24-hours-to-the-biggest-ipo-in-history" class="wp-block-heading liveblog-title">24 Hours to the Biggest IPO in History</h2>
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      <p>Retail investors have placed more than $70 billion in orders for the SpaceX IPO, nearly enough to fill the entire $75 billion raise on their own, according to The Kobeissi Letter. To put that in context, the previous record IPO was Saudi Aramco in 2020 at $29.4 billion. Retail interest in SpaceX alone is 2.4 times that figure.</p>
      <p>SpaceX has allocated 20% of the offering to retail investors, a move Elon Musk framed as democratising access to the listing. The company is expected to close its first trading day tomorrow with a market cap above $2 trillion, which would make it the seventh largest public company in the world.</p>
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  <p><span>June 11, 2026 16:00:08 UTC</span></p>
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    <h2 id="h-oil-spikes-as-trump-threatens-fresh-iran-strikes-and-seizure-of-energy-infrastructure" class="wp-block-heading liveblog-title">Oil Spikes as Trump Threatens Fresh Iran Strikes and Seizure of Energy Infrastructure</h2>
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      <p>Oil prices jumped Thursday after President Donald Trump announced the US military would strike Iran again and said Washington intended to seize control of the country’s oil and gas markets, including Kharg Island, a critical export terminal handling the bulk of Iran’s crude shipments.</p>
      <p>“The United States will be hitting Iran very hard tonight,” Trump wrote on social media, adding that Iran’s air force, navy and defence capabilities had already been largely destroyed. He drew a parallel with Venezuela, saying a similar arrangement there had worked out well for both countries.</p>
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  <p><span>June 11, 2026 15:38:09 UTC</span></p>
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    <h2 id="h-ai-giants-sold-off-as-spacex-ipo-fomo-takes-hold" class="wp-block-heading liveblog-title">AI Giants Sold Off as SpaceX IPO FOMO Takes Hold</h2>
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      <p>Google, Microsoft, Meta and Oracle have shed a combined $200 billion in market cap as traders rotate out of crowded AI positions ahead of tomorrow’s SpaceX listing. The Nasdaq holds modest gains but the S&amp;P 500 is barely green, pointing to a narrow, targeted selloff rather than broad market fear.</p>
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