Markets
Sialkot, Pakistan produces most of the world’s footballs, but only a select group of manufacturers hold FIFA licenses. To earn certification, factories must pass a series of demanding performance tests and pay high licensing fees. We visited Bola Gema to see what it takes to meet FIFA standards, and why…
Though the crowd was generally pretty bullish on SpaceX, Bryan Winter, an architect who stopped by on his way to work, said that this is “just another bubble.” We were, he said, watching “cult behavior.”Winter, who said he planned to buy some shares nonetheless, told me it wasn’t his first…
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 the answers to these questions and more in a live…
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…
David Ellison’s Paramount Skydance just got the official green light to buy Warner Bros. Discovery from President Donald Trump’s Department of Justice.The US government signed off on Paramount’s $111 billion mega-deal on Friday, removing a major obstacle for Ellison’s media company as it tries to build a Hollywood superpower. However,…
SpaceX’s record-setting IPO is creating a financial windfall for thousands of the company’s current and former employees who received stock as part of their compensation. Workers who hold stock in non-public companies are subject to restrictions that can keep them from selling those shares under most circumstances before an IPO…
New York City Mayor Zohran Mamdani used SpaceX’s historic IPO — and founder Elon Musk’s newly minted status as a trillionaire — to push policy.”Reason #1,000,000,000,000 why we should tax the rich,” Mamdani wrote on X in response to Musk becoming the world’s first trillionaire on Friday.Musk reached the financial…
A SpaceX-branded tomahawk steak carving station.That’s the kind of extravagant detail JPMorgan put into a celebration for Elon Musk’s rocket-making company’s record-breaking public debut.JPMorgan is set to host around 250 SpaceX employees at its new Park Avenue headquarters for an intergalaxy-inspired evening with dinner and cocktails Friday, a source familiar…
Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in history. SpaceX’s IPO more than doubled the previous IPO record and provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will…
Seeing massive carvings of former presidents is impressive, but there’s so much more to South Dakota than Mount Rushmore.For example, I loved spending time in Custer State Park, which I believe offers some of the best views in all of the Black Hills. During our visit, we saw coyotes, prairie…
