Elon Musk’s rocket company went public in a blockbuster IPO, skyrocketing the CEO’s net worth above $1 trillion. How will the SpaceX IPO impact markets? Where does the company go from here? Business Insider’s Dan DeFrancesco and Joe Ciolli have…

Ford recalls over 255,000 Focus vehicles over engine stalling risk

Ford announced a recall covering more than a quarter million Ford Focus vehicles over an issue that may cause the engine to stall unexpectedly. The recall affects 255,404 Focus vehicles from the 2012-18 model years due to an issue with the canister purge valve (CPV). These vehicles were covered by…

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Staten Island restaurateur balances growth and rising costs

As the U.S. approaches its 250th anniversary, small businesses remain a cornerstone of the American economy, employing nearly half of the private sector workforce and powering communities across the country. On Staten Island, that story is playing out in real…

Markets

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Meta’s Instagram and Facebook hit by outages

Facebook and Instagram were suffering from widespread outages on Friday morning.Outage reports spiked on the third-party website DownDetector.com.”We’re aware people are currently having trouble accessing our services,” Meta’s communication director, Andy Stone, said in a post on X. “We’re working…

Investing

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USDA Loans: What Are They And How Do They Work?

Zing Images/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways USDA loans are government-backed mortgages for borrowers buying in specific, eligible rural areas. These loans don’t require a down payment, and they have fairly lenient credit score requirements. Hoewver, USDA mortgages…

What smart people are saying about rising AI costs

CIOs are worried their AI budgets are starting to max out with nothing to show for the costs incurred.Uber COO Andrew Macdonald gave voice to the growing concerns when he said in May that he’s yet to see direct improvements…

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