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Elon Musk's rockets-to-AI group is listing at a fixed price during a bout of volatility in US markets
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Nomura's Charlie McElligott says investors are finally waking up to the problems with a market that is too concentrated on AI leadership.
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Shares retreat as techs extend losses, US strikes on Iran lift oil ReutersAsian Stocks to Fall, Oil Rises as US Strikes Iran: Markets Wrap Bloomberg.comAsia chip-linked shares recover after U.S. peers bounce back CNBCStock markets fall as concerns persist over tech firms at heart of AI boom The Guardian
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Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.
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Prediction-market companies are identifying hundreds of cases of suspected insider trading.
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While Elon Musk may soon become a trillionaire, his rocket company's market debut is set to the change the lives of its current and former employees, too.
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The proposed rules from the commission will now face a public comment period.
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RBC Capital Markets reduced its 12-month price target from $70 to $50.
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Provider-led health plans are underrepresented in the commercial group insurance market, leaving more than $20 billion in potential revenue and $700 million in operating margin on the table.
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The letter, which was reviewed by CNBC, calls for banning certain contracts and raising the age requirements for participation on sports-related contracts.
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