economy
Global week ahead: Soccer isn't the only thing that's kicking off
World Cup fever grips football fans worldwide ahead of the opening game on June 11th, but it's not just soccer that's kicking off next week.
TL;DR
- The 2026 World Cup expands to 48 teams and will be co-hosted by Canada, the U.S., and Mexico.
- Goldman Sachs predicts benefits for consumer staples, retail, and hospitality, but warns of limited macroeconomic impact.
- Sports betting platforms, including prediction markets like Polymarket and Kalshi, are expected to benefit.
- AI stocks face scrutiny after Broadcom's disappointing forecast for AI chip sales.
- London Tech Week will feature announcements regarding the IPOs of Anthropic and potentially OpenAI.
- The private markets are a focus due to withdrawal limitations from funds managed by Partners Group and Blackstone.
- SpaceX is set to have its IPO on Friday, potentially becoming the largest public share sale ever.
- The SpaceX IPO faces a high valuation, S&P entry requirement challenges, and a push for retail investor participation.