The effective interest rate on US government bonds, the 10-year Treasury yield, briefly rose above 5% this week, reaching levels not seen since 2007. This increase reflects market recalibrations of US economic prospects.
CrossCountry, a train operator, has been directed to enhance its performance after receiving the lowest score in a recent passenger satisfaction survey. The operator recorded only 72% of stops within three minutes of schedule and a 7% cancellation rate.
Elon Musk's SpaceX has surpassed Amazon to become the world's fifth most valuable company, reaching a valuation of approximately $2.78tn after its share price rose over 50% following its Nasdaq listing. The surge occurred as SpaceX announced its $60bn acquisition of AI coding start-up Cursor, amidst investor enthusiasm for its space-based AI and Mars colonisation ambitions.
