SpaceX Millionaires Set to Fuel Luxury Real Estate, Watches and Private Jets
New SpaceX wealth holders are eyeing luxury homes in Southern California and Texas, with watches and private jets as early markers of post-IPO spending,...
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Macro stories that shape growth, inflation, labor markets, household spending, public budgets, and investor expectations.
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Summer BBQ Inflation: The 14% Burger Tax Hits Your Wallet This Weekend
Hard-working Americans are facing sticker shock as inflation hits summer BBQ costs.
Inflation Edges Higher in May as Energy Prices Keep Pressure on Consumers
May CPI rose 0.5% with energy costs driving over 60% of the monthly increase; core inflation rose 0.2%. Gasoline up 7% in May, electricity up 0.6%.
Copper Wire Theft Epidemic Pushes AT&T to Fight for Legacy Network Retirement
Rising copper prices, driven by the AI data center boom, have triggered a massive wave of infrastructure theft, prompting AT&T to seek regulatory relief...
Lloyds, Halifax, and Bank of Scotland Restore Services After Online Banking Outage
Lloyds Banking Group has restored online and mobile app services following a major outage on Wednesday that left thousands of Lloyds, Halifax, and Bank...
Federal Reserve’s Beige Book Reveals Surging Inflation Across Districts Driven by Energy Prices
The Federal Reserve's Beige Book reports inflation is surging across most U.S. districts, driven by energy prices and Middle East conflicts.
Honeywell Aerospace CEO Forecasts Strong Growth Ahead of Standalone Debut
Honeywell Aerospace CEO Jim Currier anticipates significant earnings growth following its spin-off from Honeywell International. The company targets $6.5
Eli Lilly Shifts Dealmaking Strategy, Fueled by GLP-1 Drug Success
Eli Lilly is strategically deploying its substantial financial gains from GLP-1 drugs like Mounjaro and Zepbound to pursue a more aggressive and diversified acquisition...
CBS Fires Veteran Correspondent Scott Pelley Amid ’60 Minutes’ Editorial Turmoil
Veteran '60 Minutes' correspondent Scott Pelley has been fired by CBS News amidst significant internal turmoil.
Sellers Delist Homes at Fastest Rate Since 2020 Amid Higher Mortgage Rates
Frustrated home sellers nationwide delisted properties in April at a pace not seen since March 2020, driven by higher mortgage rates and weaker consumer...