SpaceX Is More Valuable Than Meta, Broadcom and Many Others
In its first few days of trading, Elon Musk’s newly listed rocket maker has become one of the world’s most valuable companies.
Official News
Curated from top global sources
Pizza Hut Sold to Two Firms for $2.7 Billion
Yum China will acquire Pizza Hut’s locations in mainland China. The private equity firm LongRange Capital will buy its locations in the Un…
War Hangs Over American Farmers as Fertilizer Prices Rise
The Iran war and lower crop prices have hurt makers of sulfur-based supplements. But farmers won’t skip nitrogen-based fertilizers, no mat…
Riding High After I.P.O., SpaceX to Buy A.I. Start-Up for $60 Billion
SpaceX exercised its option to acquire Cursor in an all-stock deal, bolstering Elon Musk’s ambitions in artificial intelligence.
Big Questions for Warsh as New Era for the Fed Begins
Interest rates, inflation, independence are among the challenges the new chairman of the Federal Reserve faces as the central bank’s polic…
Oil Prices Continue to Fall as Traders Assess U.S.-Iran Deal
Stocks were mixed after strong rallies the day before.
Warsh Faces Tenuous Balancing Act in First Fed Meeting as Chairman
Elevated inflation and the specter of rate increases will greet Kevin M. Warsh in his debut as chairman of the Federal Reserve.
The Iran War Permanently Altered the Global Economy
The global order has been altered, and economies are unlikely to simply pick up where they left off before the U.S. and Israel began bombing…
High Gas Costs May Linger After U.S.-Iran Deal
The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep cost…
Japan Raises Rates to 31-Year High to Ward Off War Inflation
Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from ene…
China’s Spending Slowdown Deepens as Households Tighten Their Belts
The unexpected decline in retail sales underscored China’s growing reliance on exports to sustain economic growth as domestic demand conti…
One Texas Town Hopes for Crumbs From the SpaceX Feast
Elon Musk built a huge complex outside the city of Bastrop, population 14,000. Its residents now wonder what the historic SpaceX initial pub…