SpaceX is not yet public, but the race to own it is already rearranging the ETF market. A new space ETF with SpaceX exposure has surged past older rivals in assets just two months after launching, turning a once-niche corner...
As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store. A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an...
Americans grappling with higher gas prices as summer kicks off 02:07 American motorists, already facing the highest gasoline prices since 2022, are likely to see fuel costs rise further as the busy summer travel season heats up. A new forecast...
OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks, a source familiar with the matter said on Wednesday, adding to a wave of blockbuster listings anticipated in the year ahead. The plan by...
SpaceX has finally offered investors a public view of its internal finances, filing its S-1 IPO prospectus with the Securities and Exchange Commission ahead of its investor road show, reportedly planned for June 5. For the three months ended March...
The online marketplace called the cash-and-stock proposal “neither credible nor attractive.” The online marketplace eBay on Tuesday rejected a proposal by GameStop to combine the two companies in a cash-and-stock deal worth about $55 billion, calling it “neither credible nor...
April’s hotter-than-expected inflation reading is likely to put the Fed on watch for higher energy costs creeping into other prices, a red line that, if crossed, could raise the possibility of interest rate hikes. The Consumer Price Index rose 3.8%...
The US Senate on Tuesday voted 51-45 to approve Kevin Warsh as a governor on the Federal Reserve Board, the first step in a two-step process that would make him the next chair of the central bank. Senators immediately began...
Carlyle co-founder David Rubenstein said investors should expect changes at the Federal Reserve under incoming chair Kevin Warsh, including less communication with markets. But Warsh has a lot to prove on the Fed independence front, he added. “I think what...
Michael Burry has gone sour on GameStop (GME) after the video game retailer made an unsolicited $56 billion bid for online marketplace eBay. “Wall Street does indeed mistake debt for creativity, and does so constantly,” Burry wrote in a Substack...
Investors should brace for eye-popping capital expenditures numbers from major cloud service providers like Amazon (AMZN) and Microsoft (MSFT) when they report earnings this week. In a new note, JPMorgan strategist Samik Chatterjee offered some fresh estimates on accelerating AI...
The United Arab Emirates, one of the world’s major oil producers, will leave the Organization of Petroleum Exporting Countries (OPEC/OPEC+) effective May 1, state news agency WAM said Tuesday morning. The decision “reflects the UAE’s long-term strategic and economic vision...
Wells Fargo (WFC) CEO Charles Scharf said on Monday that the US economy has been resilient, but he also acknowledged how bad sentiment is among American consumers and businesses. “Right now, from everything that we see, the economy is still...
Energy observers are increasingly acknowledging a bottom line for motorists that prices at the pump are likely to be elevated for the foreseeable future — no matter what happens in the short term in the Strait of Hormuz and with...
Shares of Allbirds, the 2010s pioneer of trendy sneakers and eco-conscious Millennial marketing, took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business....
