Tag: FX

SpaceX (SPCX) investors have had plenty to digest after the company’s historic IPO, which sent its valuation to near $2.1 trillion on its first trading day, according to The Wall Street Journal. The stock priced at $135 closed near $160.95 and instantly became one of the most debated names on Wall …

For decades, Walmart has built its reputation on helping shoppers stretch every dollar. Its price points, brand range, and product assortment have all reflected that budget-friendly strategy. More recently, however, the chain’s been experimenting with a shift toward premiumization. From adding …

This phrase gets used loosely in technology investing: “platform shift.” And most of the time, it’s actually an incremental change just dressed up in some dramatic language. And trust me when I tell you, what Cloudflare described at its 2026 Investor Day is something different. And even Morgan …

ToplineStrategy on Monday disclosed a bitcoin purchase valued at more than $100 million, after billionaire Michael Saylor’s firm—the world’s largest institutional holder of bitcoin—announced a rare sale of the cryptocurrency amid a broad drop in the world’s most valuable digital asset. Bitcoin’s price recently dropped under $60,000 for the first time since 2024. Getty Images…

ToplineA flesh-eating parasite that was largely eradicated from U.S. livestock in the 1960s has now been found in four animals—including a dog—in Texas, the USDA confirmed Monday, a threat that could drive the already soaring price of beef even higher after Elon Musk-led government cuts slashed ongoing efforts to prevent its spread. Farmer Jose Esquivel…

ToplineJamshid Ghomi, a U.S.-Iranian national and CEO of a Tehran-based tech firm, was arrested Wednesday over allegations he funneled U.S. networking and encryption equipment to Iran’s nuclear program and military while laundering millions of dollars. Ghomi’s Newport Beach mansion.Department of JusticeKey FactsGhomi, 63, was charged with conspiracy to violate the International Emergency Economic Powers Act,…

Billions of dollars in tariffs are heading back to importers. And some of America’s biggest companies are making clear they won’t be keeping the money. Costco Wholesale and United Parcel Service are among the companies that have stepped forward with direct commitments to pass tariff refunds on to …

ToplineCardano’s ADA token, once the world’s third-largest cryptocurrency, extended losses on Wednesday as it traded near a six-year low following the cancellation of its flagship conference and a broader crypto market selloff. Cardano’s market value has plummeted by more than $80 billion in recent years. NurPhoto via Getty ImagesKey FactsThe value of Cardano dropped 2.3%…

BALTIMORE, MD – SEPTEMBER 05: A general view of the Los Angeles Dodgers logo on an equipment bag in the dugout before the game against the Baltimore Orioles at Oriole Park at Camden Yards on September 5, 2025 in Baltimore, Maryland. (Photo by Scott Taetsch/Getty Images)Getty ImagesThe Los Angeles Dodgers have built enough pitching depth…

Money you cannot spend is a strange kind of rich. On paper, a person can be worth millions and still not have a dollar to fix the roof, pay a contractor, or close on a house. For years, San Francisco tech workers treated that gap as temporary…