SpaceX starts trading in the largest IPO in history, placing the company’s value over $2 trillion.
SpaceX’s Initial Public Offering Surges as Elon Musk Becomes First Billionaire On the debut day of trading, SpaceX’s stock opened at $150 per share, marking a significant event in the company’s initial public offering (IPO) and making Elon Musk the first billionaire in history. The stock quickly climbed 11% above its offering price of $135, […]
Sam Bankman-Fried’s attempt to reverse his crypto fraud conviction fails
Sam Bankman-Fried’s attempt to have his conviction and 25-year sentence for fraud overturned was denied on Friday. The decision came from a unanimous three-judge panel at the 2nd Circuit Court of Appeals in Manhattan, which stated that the evidence against him was “strong, to say the least.” In a statement, Circuit Judge Barrington Parker noted […]
May wholesale inflation reached the highest point since November 2022 due to rising energy prices.
In May, wholesale inflation surged to its highest level since November 2022, largely driven by increasing energy costs tied to the conflict in Iran. This trend suggests that the Federal Reserve may hold off on reducing interest rates in the immediate future. The Bureau of Labor Statistics reported on Thursday that the producer price index […]
Papa Johns closes almost 50 locations in 17 states as competition grows stronger
One of America’s most loved pizza brands is gradually vanishing from various neighborhoods nationwide. Papa John’s has plans to shut down around 300 locations across North America, with many closures already happening in the first quarter, particularly in key Sunbelt states. A recent assessment of the company’s financial documents by Fast Company revealed that 44 […]
Dow rises by almost 800 points after Trump cancels Iran attacks, chip shares recover
U.S. stocks saw a significant increase on Thursday following President Trump’s decision to cancel a scheduled military strike on Iran, which helped semiconductor stocks recover from a recent downturn. The Dow Jones Industrial Average surged by 929 points, or 1.9%, while the S&P 500 and Nasdaq gained 1.8% and 2.5%, respectively. In a post on […]
American Express set to begin construction on tower next month at Two World Trade Center — significant milestone for the site.
American Express Tower Groundbreaking Scheduled for July On July 9th, the much-anticipated groundbreaking for the American Express Tower at Two World Trade Center will kick off with a champagne reception in downtown New York. This marks a significant step forward in the long journey to fully restore the 16-acre site that was devastated on 9/11, […]
Former ‘View’ star Elisabeth Hasselbeck chosen as guest host for CBS morning show
Bari Weiss, the Editor-in-Chief at CBS News, is reintroducing a familiar conservative presence to network television. Elisabeth Hasselbeck, who previously co-hosted “The View,” is slated to guest host a CBS morning show next week, which may be an audition for a more prominent role. “CBS Morning” announced on Thursday that Hasselbeck will join Gayle King […]
Harley dealers criticize Indian Motorcycle for attack ad aimed at CEO Artie Starrs being ‘from a pizza company’
Harley-Davidson dealers are expressing concerns about the company’s marketing strategies after a rival ad from Indian Motorcycles took aim at CEO Artie Starrs. This has led to discussions about a broader anti-Harley campaign that might be helping competitors. Things heated up when Indian Motorcycle shared a commercial on Instagram that poked fun at Harley, suggesting […]
SpaceX sets a new record with a $75 billion IPO priced at $135 per share.
SpaceX Sets Record IPO Price Elon Musk’s SpaceX has revealed an unprecedented initial public offering (IPO) price of $135 per share, positioning itself as one of the most valuable companies globally ahead of its market entry on Friday. The much-anticipated IPO offered 555.6 million shares, generating $75 billion, as stated in a release on SpaceX’s […]
Ken Griffin reinforces his Miami development intentions following the disagreement with Zohran Mamdani
Ken Griffin Expands Miami Investments Following Tax Clash Ken Griffin is seemingly following through on his intention to “double down” in Miami, only weeks after stepping into the spotlight of Mayor Zoran Mamdani’s efforts to impose a tax on affluent residents. The billionaire founder of Citadel is broadening his extensive development plans in Miami after […]