SpaceX IPO shows Musk’s genius is in mythmaking
How exactly the company plans to support its gargantuan valuation is not obvious
10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy
Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits."…
Blackstone-Backed Liftoff Rises 9.1% After $437 Million US IPO
Liftoff Mobile Inc. shares climbed 9.1% in their debut after raising $437 million in a US initial public offering, in…
Gen Zers are more disconnected and distrustful of coworkers than their older colleagues—and they’re so lonely they’re taking days off work
Thanks to the pandemic, Gen Z workers missed out on the “in-office rituals”—and now they’re so isolated it’s hurting their…
Dangote Is Doubling Giant Oil Refinery and Plotting Trading Push
Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival…
Treasuries Rise as Oil Signals Optimism on Iran Peace Accord
Treasuries rose and the dollar slipped as investors drew optimism about the prospects of a US-Iran peace deal from a…
Puget CEO Says Climate Costs ‘Unfortunately’ Get Passed to Customers
Puget Sound Energy CEO Mary Kipp says that wildfires and Washington state's aggressive clean energy policies have led to higher…
Entergy CEO Says Bulk of Growth Coming From Data Centers
Entergy CEO Drew Marsh says that data centers are responsible for close to 10% of the company’s industrial customer growth.…
Morgan Stanley Sees Fed Discounting War in Considering Any Hike
The Federal Reserve would probably discount the effects of the Iran war on prices if policymakers decide raising interest rates…
Europe wants more control over global AI services. America is warning them to take care—and history is on their side
The debate on technology protectionism is back.
Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030
Projections by the Wall Street bank underpin the $1.78tn valuation group is pitching in IPO
ITC CEO Says Data Centers Will Put ‘Downward Pressure on Rates’
ITC Holding CEO Krista Tanner says that there is a misconception that data centers increase costs for consumers. Tanner spoke…