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Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. Following the June 2026 spinoff of FedEx Freight (less-than-truckload shipping), the firm's Federal Express segment—which houses the core package delivery operations—makes up more than 95% of total revenue (previously 87%). The remainder stems from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.

The Federal Reserve's favorite inflation indicator, the PCE Price Index, will be released by the BEA on Thursday. The index differs from the better-known Consumer Price Index (CPI) because its composition is changed more frequently and is quicker to reflect real-time pricing. In the most-recent report, through April, PCE inflation reportedly increased at a 3.8% rate year over year. By comparison, the latest CPI report, through April, had overall inflation rising 4.2%. Core PCE, which removes volatile food and energy prices from the index, had risen at an annual rate of 3.3% in the latest publication. Our PCE forecasts call for slightly higher readings for May: 4.0% for the headline number and a steady 3.3% for the core reading, driven by fall-out from higher energy prices due to the Iran war. This trend is evident in the Producer Price Index (PPI) report. Farther up the value chain, producer prices are rising at rates even approaching 25%. And expectations for future inflation rates are changing as well: the three-year outlook for inflation is 2.6%, versus 2.3% three months ago. We track 20 inflation measures on a monthly basis. On average, they are indicating that prices are rising at a 5.0% rate year over year, up 70 basis points compared to a month ago. Focusing on core inflation - which we obtain by averaging Core CPI, market-based PCE Ex-Food & Energy, the five-year forward inflation expectation rate, the 10-year TIPs Break-even Interest Rate and the PCE Price Index - our reading is 3.0%, flat month over month. Given inflation trends, we do not expect the Fed to implement any rate cuts over the next several quarters.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.