Welcome to Markets Desk, your midday read on what's moving markets and money.
Goldman Sachs has revised its estimates on SpaceX ahead of the company's earnings, drawing fresh attention to a stock that has already had a volatile run since its IPO priced at one hundred thirty five dollars and closed its debut session near one hundred sixty one. The revisions signal Goldman sees meaningful uncertainty ahead as investors weigh Musk's broader business exposure.
Shifting to the AI spending debate, Citi Wealth is pushing back against bubble warnings, arguing the artificial intelligence buildout remains in its early to middle innings. The bank acknowledges real headwinds — higher rates, capable open-weight models, regulatory scrutiny, and rising infrastructure costs — but maintains the investment cycle still has considerable runway ahead of it.
And on the consumer banking front, US Bank is rolling out a new service that monitors the dark web for signs of identity theft, credit risk, and privacy exposure for its customers. It's a notable move as banks increasingly compete on digital protection as a core product offering, not just a feature.
That's the tape. Markets Desk, signing off the floor.
