Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in history. SpaceX’s IPO more than doubled the previous IPO record and provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will…
Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making him the world’s first-ever trillionaire following the IPO. The rocket and satellite company raised a record $75 billion, valuing the company at about $1.8 trillion, pushing the value of Musk’s…
More than 17,000 coffee makers were recalled over a burn hazard that can cause serious injury, according to federal regulators. About 17,600 Kidisle-branded hot and iced coffee machines were affected by the recall, according to the U.S. Consumer Product Safety Commission.”The recalled coffeemakers(sic) can become clogged, causing hot liquid or…
When most people think of major stock market indexes, their minds go to the S&P 500, Nasdaq Composite, or Dow Jones because they’re the “Big 3.” One index that often flies under the radar is the Russell 2000, which tracks the smallest 2,000 companies in the Russell 3000 index. The…
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So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene.…
OpenAI said Monday it has taken a formal step toward a potential stock market debut, signaling that the artificial intelligence…
Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports,…
Ford recently announced a recall affecting nearly 420,000 Ford Expedition and Lincoln Navigator sport utility vehicles (SUVs) over an issue…
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Kia is recalling more than 6,000 vehicles because of a seatbelt malfunction that could increase the risk of injury in the event of a crash. The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models, according to a notice from the National Highway…
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A shifting economic landscape has culminated in Texas, dethroning California as the nation’s premier hub for Fortune 500 companies. Data from the 2026 Fortune 500 list show Texas leading with 57 headquarters, compared with California’s 56, marking a reversal from two years ago, when California held the lead.Additionally, corporations in…
A new report from the Federal Reserve finds that inflation is pushing prices higher at a strong pace in most of its regional districts around the country, driven by the surge in energy prices. The Fed on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions…
Although the artificial intelligence (AI) investment thesis is still young, some investors are already eyeing the next big thing in tech. They don’t have to look far, and the next big thing may actually be two things: humanoid robots and physical AI. Fortunately, these aren’t daunting concepts. As the name…
Bank of America on Wednesday announced that it will be hiring nearly 4,000 summer interns and full-time recruits from campuses this summer as the nation’s second-largest bank looks to bring new talent into its workforce. The firm said in a release that the hiring plans are reflective of Bank of…
Companies in the private sector added 122,000 jobs in May, payroll processing firm ADP said in its latest report on Wednesday. The figure is above economists’ estimates of a gain of 117,000 jobs. The prior month’s payrolls number was revised lower to a gain of 105,000 from an initially reported…
Nissan is recalling more than 51,000 Kicks SUVs because a software defect can cause the dashboard display to go partially or completely blank, potentially preventing drivers from seeing critical vehicle information. The recall affects 51,598 model year 2025-2026 Nissan Kicks vehicles manufactured between June 24, 2024, and Jan. 9, 2026,…
Corporate leadership across America has seemingly lost faith in the current trajectory of the U.S. economy, swinging sharply from optimism to pessimism in just three months. The Conference Board Measure of CEO Confidence, in collaboration with The Business Council, conducted its quarterly survey of 141 CEOs and found that the…
Artificial intelligence (AI) giant Anthropic said on Monday it had confidentially filed for its U.S. initial public offering, as the AI heavyweight looks to beat archrival OpenAI to the IPO market. The much-awaited IPO comes as Elon Musk’s SpaceX is expected to launch its roadshow on June 4, with the…
JPMorgan Chase Chairman and CEO Jamie Dimon issued an unfiltered, aggressive warning against a new crypto-friendly bill moving through Congress while also targeting Coinbase CEO Brian Armstrong’s multimillion-dollar lobbying push. In a wide-ranging interview with FOX Business’ Maria Bartiromo on Friday, Dimon was asked for his thoughts on the CLARITY…
California’s self-inflicted economic wounds have reached a fever pitch in 2026. Strapped with record-high gas prices, a staggering $31 billion transit deficit and a radical billionaire wealth tax heading to the ballot this November, the Golden State is witnessing an unprecedented mass migration.It is no longer just a working-class flight;…
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