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Crypto Breaking News

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Bloomberg

Oil at $120 or $130 Could Trigger a Recession, Hooper Says

Man Group Chief Market Strategist Kristina Hooper is worried about how high energy costs are impacting consumers. She says oil at $120 or $130 could trigger a recession in the US. She speaks on Bloomberg The Close. Brent crude settled above $100 a barrel Thursday for the first time since August 2022.

Read more: Oil at $120 or $130 Could Trigger a Recession, Hooper Says
Bloomberg

SpaceX IPO Lures Investors Into Murky Private Deals

Bloomberg's Bailey Lipshultz reports SpaceX is expected to raise as much as $50 billion in a record-setting IPO this summer which could value it at more than $1.75 trillion. High-net-worth family offices and funds with marquee institutional backers are among the types of investors with stakes in these SPVs, and who expect to see massive gains when these companies go public. Based on conversations with more than a dozen people in the industry, many are heading for disappointment.

Read more: SpaceX IPO Lures Investors Into Murky Private Deals