Elon Musk becomes world’s first trillionaire following SpaceX IPO

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…

Kidisle coffeemaker recall affects 17,600 units sold on Amazon, Walmart

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…

GM releases software update letting some EV owners sell power to the grid

General Motors on Tuesday announced it’s releasing a software update that allows some electric vehicle (EV) owners to send power back to the electric grid. The update allows owners of GM’s vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of sending…

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Texas dethrones California as top state for Fortune 500 headquarters

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…

Fed Beige Book finds inflation surging across most districts on energy

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…

Bank of America to hire nearly 4,000 interns and recruits this summer

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…

ADP National Employment report May 2026: Private sector adds 122,000 jobs

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 recalls over 51,000 Kicks SUVs for dashboard display defect

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,…

CEOs signal layoffs, plummeting confidence as economic outlook darkens in 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…

Nvidia unveils RTX Spark AI chip with Microsoft to reinvent personal PCs

Nvidia on Monday unveiled a new chip that will bring artificial intelligence (AI) capabilities onto laptops and desktop computers. The new AI chip, known as RTX Spark, was built as part of a collaboration between Nvidia and Microsoft to make personal computers that are built to power AI tools.”The PC…

Jamie Dimon vows to fight crypto bill, calls Coinbase CEO ‘full of s–t’

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…

Fleeing for their futures, California’s exodus churns a massive Florida ‘gold rush’

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;…

United flight turns around over Atlantic after onboard device sparks alarm

A United Airlines flight bound for Spain returned to Newark Liberty International Airport on Saturday night after a potential security concern prompted the aircraft to turn around over the Atlantic Ocean. United Flight 236 departed Newark en route to Palma de Mallorca, Spain, but reversed course about 90 minutes into…