Business Briefing: May 17 - United States (5 stories)

Here is your Weekly summary for Business & Finance across United States for Mon 11th May - Sun 17th May 2026

SpaceX has announced a 5-for-1 stock split approved by its investors, aimed at making shares more accessible ahead of its anticipated IPO. This move is significant as it could attract a broader range of investors, potentially boosting demand during the offering.

In Europe, the stock market faces challenges as investors shift focus from traditional equities to sectors like artificial intelligence, driven by a global energy crisis. This trend highlights the region's struggle to maintain investor interest amid changing market dynamics.

Former FDIC Chair Sheila Bair emphasizes the need for financial literacy in her new book, addressing the risks of poor financial decisions and concerns about cryptocurrency. Her insights are timely as many navigate an increasingly complex financial landscape.

Meanwhile, a global bond selloff is intensifying, coinciding with rising oil prices, indicating potential volatility in financial markets. In the tech sector, Gemini Space Station's stock is gaining traction following a $100 million investment from the Winklevoss twins, signaling confidence in its growth potential.