How SpaceX’s most-feared trading day turned into a 6% rally
At exactly 9:30 a.m. on Thursday, as the opening bell rang at the Nasdaq, roughly 7 million shares of SpaceX changed hands. The trade was cleared overnight at about $107…
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Category: News
Exclusive: Kalshi partners with Blanket to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’
An independent financial economist has partnered with Kalshi on a new AI tool on top of the prediction-market exchange that aims to help small businesses hedge against everything from bad…
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How to use QuickBooks Online to keep business and personal finances separate
This article was produced independently by our editorial team. Intuit QuickBooks provided a partnership fee to support our coverage; however, all opinions, research, and recommendations are our own. If you’re…
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The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it
Iran and Oman have been in talks for weeks on a plan to reopen the Strait of Hormuz, and the agreement coming together would deliver a huge geopolitical win for…
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Boomers and Gen Xers scramble our assumptions about economic misery — they’re way unhappier than millennials and Gen Z
Generation X spent three decades being defined by its own indifference—the “slacker generation,” too disengaged to bother with the culture wars being fought around it. Baby Boomers, meanwhile, are the…
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Yen jumps after U.S. data as traders watch for intervention clues
The yen surged against a weaker dollar after an unexpectedly soft US payrolls report on Friday, offering the latest fodder for speculation that authorities could intervene in the Japanese currency…
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Mamdani wants to form business panel with ex-Lazard, UBS bankers
Mayor Zohran Mamdani’s administration is asking a former top executive for UBS Group AG in the US, an ex-global head of investment banking at Lazard Inc. and Bank of America…
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Czech billionaires play outsized role in European M&A market
When Czech billionaire Michal Strnad bought a stake in Italian tire giant Pirelli & C. SpA last week, the transaction was heralded as a key moment for the company. It…
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Iran says agreement on Hormuz shipping reached with Oman
Iran said it had reached an agreement with Oman on a proposed route for shipping through the Strait of Hormuz, a potential step toward a reopening of the critical waterway…
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China’s export engine is cooling—but high-tech demand isn’t.
China’s exports slowed slightly in July from the month before but still were higher than forecast thanks to strong demand for high-tech electronics and vehicles. Recommended Video Customs data released Friday…
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