Here is the real reason Elon Musk is moving SpaceX and X to Texas
Elon Musk’s reasons for moving SpaceX and X headquarters to Texas go far beyond a new California law protecting the rights of gay and transgender kids.
Spirit Airlines issues second-quarter loss warning
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations. Spirit expects to report […]
Nearly 50 million people play pickleball. Will they also try this pickleball videogame?
PPA Pickleball Tour 2025, a game that launches this week, aims to expand the audience for the sport.
6 categories cheaper today than before pandemic
It’s the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation. So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be a real shock to consumers. Since hitting 9% in June […]
IMF warns inflation may not keep falling, meaning ‘higher for even longer’ interest rates
There is a danger that inflation might stay stickier than expected, raising the prospect of “higher-for-even-longer interest rates,” the International Monetary Fund warned Tuesday in an update to its outlook for the global economy.
Morgan Stanley (MS) earnings Q2 2024
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley said second-quarter profit and revenue topped analysts’ estimates on stronger-than-expected trading and investment banking results. Here’s what the company reported: Earnings: $1.82 a share vs. […]
Bank of America (BAC) earnings Q2 2024
CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America […]
Biden proposes nationwide rent cap to lower housing costs, experts say it’s counterproductive.
President Joe Biden has proposed capping rent increases nationwide to 5%, in an attempt to reign in surging housing costs. But housing experts are calling it counterproductive.
New pro-Trump super PAC reportedly has Elon Musk’s support after raising millions in Q2
A new super PAC supporting Donald Trump’s presidential run has the backing of a number of tech and finance figures, and multiple reports contend that Elon Musk will soon join them.
Match Group stock rises following report of activist investor’s stake
Shares of Match Group climbed in post-market trading after the Wall Street Journal reported that activist investor Starboard Value has built a stake in the online-dating company and is pushing for a possible sale if a turnaround isn’t successful.
