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Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype
What do you do when your brokerage firm notifies you that you can get in on the deal of the century, the initial public offering of Elon Musk’s SpaceX? For me, it was easy: Ignore it. Mind you, the note was enticing. I was offered a “one-day indication of...
Restaurant owners in World Cup cities take matters into their own hands’ over fears customers won’t tip
As restaurants in several FIFA World Cup host cities welcome an influx of international visitors this weekend, some operators are adding automatic gratuities to customers’ checks — citing concerns that guests from countries without a strong tipping culture may...
Shocking three-word tweet aimed at Elon Musk unearthed that critics claim cost California billions
A profane tweet aimed at Elon Musk that eventually led him to leave California has resurfaced after the SpaceX founder became a trillionaire with his company’s record-breaking IPO. Experts say the Golden State lost out on billions when Musk relocated his...
How to prepare yourself for the ticking times bomb hiding in your 401(k)
For working Americans with access to a 401(k), there’s perhaps no easier way to save for retirement. You tell your employer how much money you want to contribute per year or per pay period, and that money gets deducted from your paychecks accordingly. Plus, if...
Apollo snubs Mamdani, picks Texas tech hotspot for second US HQ
Apollo Global Management has reportedly picked Austin, Texas, as the city that will host its second US headquarters, as Wall Street firms look to escape Mayor Zohran Mamdani’s tax-and-spend, left-wing policies. After narrowing down the choices to Texas and...
DOJ signs off on $111B Paramount takeover of Warner Bros. Discovery
The Justice Department approved Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery on Friday. Federal antitrust regulators cleared the blockbuster media merger without demanding a single concession, Politico reported. They refused to require...
SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market
Elon Musk’s historic SpaceX debut caused a trading frenzy Friday, shooting the company to a $2.15 trillion valuation – but its sheer size is threatening to suck oxygen out of the rest of the market. The rocket-launch firm debuted on the Nasdaq just after 11:47...
Heiress who sued Barclays, HSBC for alleged money laundering with Ghislaine Maxwell link seeks $15B in damages
Barclays and HSBC have been accused of enabling a late real estate tycoon to siphon cash from trusts intended for his daughter into a massive money-laundering scheme — including deals that were brokered by an entity linked to Ghislaine Maxwell’s family,...
Treasury Dept. empowers banks to crack down on cartels, illegal immigrant labor
The Trump administration is arming the nation’s local banks with sweeping new powers to share customer surveillance video and cyber data to hunt down cartel financiers and illegal immigration fraud rings, Treasury Secretary Scott Bessent said Friday. The move...
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