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SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules

SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules June 4 : S&P Global said on Thursday it was not changing the requirements for entry into its major indices, dealing a setback to Elon Musk's SpaceX by effectively ruling out a swift entry for the world's biggest-ever IPO into the benchmark S&P 500 index. Musk has rewritten the IPO playbook for SpaceX in many ways from planning to give retail investors a bigger role in allocations to pushing for early index...

Channel News Asia 5d ago

Japan's factory growth slows as cost pressures surge, PMI shows

Japan's factory growth slows as cost pressures surge, PMI shows TOKYO, June 1 : Japan's manufacturing sector expanded in May at a slightly slower pace, as record export order growth was offset by surging costs driven by the Middle East war and inflated output from stockpiling, a private survey showed on Monday. The final S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) stood at 54.5 in May, down from April's more than four-year high of 55.1 and matched the flash reading. A PMI...

Channel News Asia 9d ago

Japan's services activity stagnates in May as costs surge, PMI shows

Japan's services activity stagnates in May as costs surge, PMI shows TOKYO, June 3 : Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-year high in output price inflation, a private survey showed on Tuesday. • The S&P Global final Japan Services Purchasing Managers' Index (PMI) fell to 50.0 in May from 51.0 in April, marking the end of a 13-month expansion streak....

Channel News Asia 7d ago

Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index

Marvell Technology was up almost 9% in premarket trading on Monday after it was announced that the AI chipmaker would be joining the benchmark S&P 500 index. The semiconductor company, which trades on the Nasdaq, will join the broad-market index on June 22 and will sit alongside the 500 leading companies in the U.S., S&P Global said in a press release on Friday. Marvell was last seen up 8.8% in premarket trading and is up 210% year-to-date.

CNBC 2d ago

Copper Declines From Three-Week High as Traders Track Iran War

One kilogram copper bars at a wholesale metal market in Mumbai, India, on Thursday, Jan 8, 2026. The race for artificial intelligence and surging defense spending are set to intensify a projected shortage of copper as producers struggle to expand, according to a new study by S&P Global.

Bloomberg Markets 7d ago

China’s factory activity beats forecasts in May, private survey shows, despite softer official data

BEIJING — China's factory activity expanded in May, a private survey showed Monday, beating expectations, although growth slowed from the previous month . The RatingDog China General Manufacturing Purchasing Managers' Index, compiled by S&P Global, came in at 51.8, a touch above the 51.6 expected in a Reuters poll. The reading was down from April's 52.2, indicating a slower pace of improvement in manufacturing conditions.

CNBC 9d ago

Wall Street Braces for SpaceX With Stress Test, ‘Watch Parties’

Wall Street Braces for SpaceX With Stress Test, ‘Watch Parties’ Wall Street has spent months debating how much SpaceX is worth. Behind the scenes, a different challenge has occupied the institutions responsible for bringing it public: preparing the plumbing systems needed to support what could become the largest IPO in history. S&P Global Inc.’s Equity Bookbuild group, which helps underwriters capture and allocate investor demand during initial public offerings, has spent weeks expanding the...

Bloomberg Markets 6h ago

Multi-Armed Sequential Hypothesis Testing by Betting

arXiv:2603.17925v2 Announce Type: replace-cross Abstract: We consider a variant of sequential testing by betting where, at each time step, the statistician is presented with multiple data sources (arms) and obtains data by choosing one of the arms. We consider the composite global null hypothesis $\mathscr{P}$ that all arms are null in a certain sense (e.g. all dosages of a treatment are ineffective) and we are interested in rejecting $\mathscr{P}$ in favor of a composite alternative...

arXiv CS 5d ago

Computing Projective Implicit Representations from Poset Towers

arXiv:2505.08755v2 Announce Type: replace-cross Abstract: A family of simplicial complexes connected by simplicial maps and indexed by a finite poset $P$ is called a poset tower. Poset towers subsume multi-parameter filtrations, zigzag filtrations, and one-parameter simplicial towers, while allowing arbitrary finite posets and simplicial maps. The homology of a poset tower is a $P$-persistence module.

arXiv CS 5d ago

UK Exchange newsletter: English football — in a league of its own?

This report is from this week's CNBC's UK Exchange newsletter. You can subscribe here. The dispatch As Martin Odegaard, Arsenal's captain, lifted the Premier League trophy at Crystal Palace's Selhurst Park ground in south London on May 24, one could be forgiven for thinking all is well with English football (or soccer...).

CNBC 7d ago