Good evening, this is Markets Desk with your end-of-day briefing.
SpaceX shares fell more than three percent today, shedding ground after an initial post-IPO surge that had briefly pushed the company's valuation into record territory. The pullback came swiftly, erasing a significant portion of gains from what had been one of the most anticipated public debuts in years, a reminder that even historic openings face gravity.
Shifting to energy markets, the United States issued sweeping sanctions waivers on Iranian oil, effectively unlocking billions in revenue for Tehran as nuclear negotiations continue to advance. The move represents a meaningful softening of economic pressure and sent crude prices lower, complicating the Federal Reserve's calculus as it held interest rates steady amid persistent inflation concerns.
And on the labor and technology front, JD dot com founder Richard Liu announced plans to retrain his seven hundred thousand delivery workers as robotics absorbs their manual roles. Liu framed the transition as elevation rather than elimination, positioning workers for white-collar repair and oversight functions. It is a template other logistics giants will be watching closely as automation accelerates across global supply chains.
That's the tape. Markets Desk, signing off the floor.
