SpaceX IPO Set Record as It Goes Public on NASDAQ Under New Rules
SpaceX’s IPO introduces a 4% public float while NASDAQ debuts new rules for index inclusion, potentially lifting demand and setting a record for the...
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Elon Musk Becomes World’s First Trillionaire As SpaceX Soars In Stock Market Debut
Elon Musk’s SpaceX IPO surged on its first day, sending the tech magnate to trillionaire status as shares priced above expectations and a flurry...
GM Expands Battery Chemistry Push to Grow Data Center, Energy Storage Business
GM is expanding its battery chemistry program and vehicle-to-grid initiatives to capitalize on the growth of energy storage and data centers, while also supporting...
American Airlines Pauses 6 Domestic Routes as Iran Conflict Fuels Jet Costs
American Airlines is suspending six domestic routes for August and September, citing higher jet fuel costs tied to the Iran conflict.
Justice Dept. Approves Paramount’s Acquisition of Warner Bros. Discovery
The DOJ approved Paramount’s $111 billion takeover of Warner Bros.
UK Vows to Phase Out Russian Diesel and Jet Fuel Imports By New Year
The UK commits to banning diesel and jet fuel imports refined from Russian crude by January 1, 2027, under sanctions for the war in Ukraine.
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,...
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.