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SpaceX in talks with Saudi Arabia’s Public Investment Fund about potential $5B investment in IPO: report
Elon Musk’s SpaceX has reportedly held talks with Saudi Arabia’s Public Investment Fund about investing an additional $5 billion in the company’s IPO. The extra investment would help prevent any dilution of the sovereign wealth fund’s stake in SpaceX when the...
Car site Edmunds tests a $25K Chinese hybrid SUV — and issues warning to US automakers: ‘Technology is terrific’
Popular car-shopping website Edmunds put a Chinese vehicle through a series of rigorous tests for the first time, and Editor-in-Chief Alistair Weaver came away with a notable impression: US automakers have good reason for concern. While Chinese cars are...
What a little-noticed bond offering reveals about Harvard’s war with Trump
Harvard University, among the most prestigious of America’s Ivy League universities, has revealed a few chinks in its finances as it continues its battle with the Trump administration, On The Money has learned. That’s our reading of an interesting document that...
Why prediction markets are attracting the interest of Wall Street — and law enforcement scrutiny
Law enforcement’s scrutiny of the trading involving the prediction markets should come as no surprise, top financial cops say – as they are no longer just apps used by sports fans to wager on games, but high-profile venues used by sophisticated traders to gauge...
Meta lays off hundreds as tech giant continues AI investment
Meta is slashing hundreds of employees in Silicon Valley as the tech giant heavily invests in artificial intelligence and weighs axing over 20% of its workforce. The Facebook parent company is cutting nearly 200 workers in the San Francisco Bay Area, according...
US employers add 178K jobs in March in stronger-than-expected report
Hiring in March was surprisingly strong, signaling the labor market was stabilizing as the Iran war continues – though economists have warned higher energy prices from the conflict could spook employers and keep the Fed from cutting interest rates. Hiring in...
It’s not just Florida and Texas that threaten NYC’s sputtering tax base — here’s the next big worry
Mayor Zohran Mamdani’s plan to tax his way out of the Big Apple’s self-imposed fiscal crisis is facing a fresh and little-discussed threat, according to well-placed financiers – and it’s coming from artificial intelligence. As I reported earlier this week,...
Skilled Foreign Workers Think About Leaving the U.S.
These highly skilled, highly educated foreign workers have been documenting the challenges of trying to build a career in the U.S. “If I don’t find a job, I have to leave the country.” “I sent out 907 applications.” “Have I ever truly relaxed in America?” They...
United Airlines checked bag fees climb $10-50 as fuel prices surge after Iran war
United Airlines is raising checked bag fees by $10 to $50 for travelers purchasing tickets starting Friday, the company confirmed to Fox Business on Thursday. The increase, which the airline said marks its first bag fee hike in two years, comes after JetBlue...
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