Grace Suzuki is a staff writer at P&L, covering business, technology, and global markets. She previously worked in M&A advisory, focusing on software, consumer deals, and cross-border transactions.
A fiscal-interest rate feedback loop and core PCE at 3.3% are structural forces re-anchoring the 10-year Treasury yield near 4.5% and ending the era of cheap capital.
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AI, electrification, and grid expansion need far more minerals than current systems can supply, locking in bottlenecks and a friend-shoring premium.
Energy and critical minerals have become instruments of state power, and the bottleneck sits in refining, not mining.
States now control energy and critical mineral chokepoints, so inflation, defense readiness, and AI buildout depend on refining and processing capacity, not just mines.
China’s refining dominance and dumped critical minerals have crushed ex-China project economics, freezing new supply just as grid and AI demand rise.
U.S. producer prices rose 1.1% in May, lifting the 12-month wholesale inflation rate to 6.5%.
Producer prices rose 1.1% in May, lifting the 12-month wholesale inflation rate to 6.5%, the highest since late 2022.
Bankers are targeting a $1.75 trillion valuation for the company, which would rank it among the 10 most valuable firms.
SpaceX set a fixed offering price of $135 a share and aims to raise $75 billion at a roughly $1.75 trillion valuation.
The cryptocurrency is trading near $60,000, a psychological level that previously drew buyers and sits close to its 200-week moving average at $61,778.
Economists expect the ECB to raise its deposit rate by 0.25 percentage point on Thursday to 2.25%.
