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Morgan Stanley expects $64 billion in capital spending from SpaceX this year. The company is dramatically ramping up AI investments.
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Trump says deal to reopen the Strait of Hormuz could come as early as Wednesday AP NewsUS and Iran having 'very good discussions', Trump says ReutersU.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away WSJU.S. nears Hormuz deal, aiming for Wednesday announcement AxiosMiddle East crisis live: US and Iran signal hope for Hormuz deal but terms unclear theguardian.com
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What a difference a week makes. The S&P 500 has surged more than 6% over the past five days, its biggest gain since last year's tariff tantrum.
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The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
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Wall Street bears continue to sound the alarm on a top-heavy market.
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The price of oil fell sharply on hopes that talks were progressing on reopening the Strait of Hormuz.
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