Business - Wednesday, June 3, 2026

Elon Musk’s SpaceX is poised to have the largest stock-market debut in history when it goes public later in June. SpaceX is aiming to raise $75 billion in the initial public offering, more than twice the previous record holder.

Asia-Pacific markets were set to open lower amid renewed tensions between Iran and the U.S. and worries that the conflict may keep inflation elevated.

The administration has settled on a more legally and politically durable way to impose tariffs, but some say the focus on forced labor laws is merely a pretext for protectionism.

Gil Luria, DA Davidson Head of Technology Research, discusses the outlook for Broadcom as the Nvidia alternative releases its latest quarterly data. (Source: Bloomberg)

Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.

The $135 share price means Elon Musk’s rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.

Gold held a decline after renewed hostilities between the US and Iran jeopardized talks to end the war, keeping energy prices and inflation risks elevated.

CNBC's Jim Cramer warned that a growing wave of AI-related capital raises could overwhelm investor demand and create a near-term headwind for stocks.

The Commodity Futures Trading Commission is ending an almost 30-year-old policy that forbade companies and individuals from airing their grievances or denying wrongdoing after they settled enforcement cases with the derivatives regulator.

The shocking case of a man left on the breadline after being recruited to work in the UK’s care sector should prompt ministers to act The risk of mistreatment for overseas workers recruited for jobs in the UK on health and care visas is well established. Examples range from rip-off agents’ fees and illegally low pay to conditions akin to debt bondage, with passports and wages withheld. But Shabin Shaji’s employment tribunal win over Swan Care Solutions Ltd is thought to be the first time that an individual has succeeded in forcing a business to hand over unpaid wages. His victory should give hope to others in similar situations. It is also a chilling illustration of how migrant workers can become trapped in an unbalanced system in which they have too few rights. Mr Shaji, a computer science graduate, left his home in south India in 2023 and paid £17,000 to an agent who helped him to get a job with Swan in Stafford. Last month, a judge in Birmingham awarded him nearly £30,000 after he spent a year without work, pleading with Swan for shifts that never materialised, while living off scraps and the kindness of strangers. He eventually found other work, but has since returned to India. Swan lost its licence to sponsor migrant workers. Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...