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Business

SpaceX’s IPO is set to be the biggest ever

NEW YORK (AP) — SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration ...

Key inflation gauge worsens as income, spending power erodes

WASHINGTON (AP) — A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away. Inflation jumped to 3.8% in April ...

More Wall Street records on rising profits for US companies

NEW YORK (AP) — The U.S. stock market pushed to more records Thursday as profits keep piling up for companies like Dollar Tree, Snowflake and Hormel Foods. A tentative deal to extend the ceasefire in the war with Iran by 60 days also helped lift the market and rein in oil prices. The ...

Mortgage rate climbs to 6.53%, highest in 9 months

The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another setback for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.53% from 6.51% last week, mortgage buyer Freddie Mac said Thursday. Despite the latest ...