Finance
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How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy
By late last week, the sudden drop in Bitcoin’s price was crushing shares of Strategy, controlled by the signature crypto currency’s most famous champion and beneficiary, Michael Saylor. What’s gone mainly unnoticed: Strategy’s still selling at a big premium to the underlying value of its assets, almost entirely parked in Bitcoin, less the multiple-billions it…
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70% of fourth graders aren’t reading proficiently, report finds—one of several areas where education is failing America’s kids
Early childhood is a crucial time for education. It’s when children develop the cognitive and emotional ability to grow into successful adults, and instill foundational skills to keep learning later in life. Schools are supposed to be a place for kids to grow and learn, but in the U.S., they’re quickly becoming an emblem of…
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The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
Even as travelers keep flying, airlines’ profits could be cut in half, thanks in part to the stranglehold Iran has imposed on the global oil supply, according to a global trade group for the industry. The airline sector’s net profit for the year is projected to collapse to $23 billion from $45 billion in 2025,…
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Gen Z might be the flakiest generation when it comes to career and life decisions. They might also be the most intentional
The workforce’s youngest cohort has been labeled lazy, entitled, and unrelentingly pessimistic by their elders. But critics might be missing something as they watch Gen Z piddle their way through life’s early stages. The kids these days are taking every precaution to make sure they are ready ahead of each next big step—whenever they eventually…
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The AI trade’s worst day in a year became a buying opportunity by Monday
On Friday, the Nasdaq had its worst session in a year. By Monday it all seemed like a bad dream. The chipmakers that had their worst session since 2020 on Friday (Micron, Broadcom) were Monday’s best performers, up 6.5% by midday. Wall Street appears to consider Friday as a welcome easing off of a record-setting…
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How retail investors can participate in the SpaceX IPO
Elon Musk has long courted retail investors, and he’s giving them a chance to buy SpaceX stock when the company issues shares for the initial public offering. The rocket and satellite company plans to raise at least $75 billion in its IPO by selling over 555 million shares at $135 a piece, valuing the company…
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Current price of oil as of June 8, 2026
As of 9:10 a.m. Eastern Time today, oil sold for $97.15 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 84 cents lower than yesterday morning and approximately a $30 rise over the past year. Oil price per barrel % Change Price of oil yesterday $97.99 -0.85% Price of oil 1…
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‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
The Nasdaq’s sudden lurch lower on Friday looked like a crack in a story that had seemed, until recently, almost bulletproof—the story that artificial intelligence is not merely a useful tool but a civilizational force, the kind of technological leap that justifies paying 1999 prices for 1999-style dreams. Tech stocks led the worst market sell‑off…
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Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos
Investors should buckle up for a bumpy ride as multiple risks have suddenly converged to test what looked like an unstoppable stock rally. In just the last few days, the Iran war started heating up again, the AI boom showed signs of a bubble about to burst, and strong jobs data made rate hikes from…
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SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
The largest initial public offering ever is just days away, and demand for SpaceX stock is expected to be extremely high, with Wall Street clamoring to buy Elon Musk’s rocket and satellite company. The flip side of all that buying is plenty of selling as investors need to raise cash for stock purchases by liquidating…