Investing
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As public sentiment sours, Indonesia awaits MSCI verdict which risks $13 billion in capital outflows
The day of reckoning for Indonesia’s stock market is here. MSCI, the global benchmark provider, will determine whether to downgrade Southeast Asia’s largest economy to “frontier market” status, or keep it as an emerging market, on June 23. If MSCI downgrades Indonesia, as much as $13 billion could flow out of the country, as calculated…
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A Saints legend is selling fans a piece of professional sports for $500
A handful of billionaires own the Knicks. A few private equity firms own slices of the rest of the league. Marques Colston thinks the fans should get a turn—and he’s selling them an in at $500 a share. Colston, the famous underdog receiver of the New Orleans Saints, and former mixed martial artist Nick Edwards…
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The $17 billion mistake hidden inside SpaceX’s blockbuster IPO
The business media and analyst community almost universally hailed the SpaceX debut on June 12 as achieving a kind of triumphal golden mean. The overwhelmingly positive take: The offering managed to simultaneously raise the biggest cash proceeds, and launch the largest valuation for a newly-traded U.S. enterprise ever seen, provide terrific quick gains for institutional…
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The next-generation ‘Tiger Cubs’ who see the AI bubble risk—and know exactly where the next trade is
For the better part of four years, AI has been the only trade that mattered. Nvidia. Data centers. The infrastructure buildout. A rising tide of capex spending that has minted fortunes and reshaped the S&P 500. If you were long the AI stack, you were a genius. Ben Silver and David Tykocinski think the easy…
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How surging gold prices led to the biggest jump on this year’s Southeast Asia 500
As geopolitical unease intensified last year, central banks and retail investors worldwide piled into gold. In 2025, global demand for the precious metal surged 84% to 2,175 tons, according to the World Gold Council. Gold prices hit a record high in January, at $5,589.38 per ounce. Yet nowhere is gold’s gravitational pull more pronounced than…
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Michael Burry is ‘tempted’ to short Elon Musk’s SpaceX, but says it’s not enticing enough for ‘fundamentally a small space company’
Famed investor Michael Burry—of “The Big Short” fame—considered antagonizing the richest man on the planet over the IPO of his latest company. Burry said he had been tempted to bet against SpaceX, the rocket company owned by Tesla CEO Elon Musk. SpaceX went public last week and its stock has already gained more than 25%.…
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SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading
SpaceX, the freshly-IPO’d company that barely has been on the public markets for three days, has already surpassed 31-year-old Amazon in market cap. Not only that, it briefly overtook Microsoft too on Tuesday morning. This is a major pull for a company that earned less than a quarter of what Amazon raked in. Last year,…
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Australia’s richest person just bought a SpaceX stake worth more than $1 billion. ‘Elon has done what very few people in history have done’
Since its stock market debut on Friday, SpaceX has already hit a valuation of $2.5 trillion, and the company’s got the attention of Australia’s richest person. Gina Rinehart announced on Monday that she’s made a “significant investment” in the company. The mining magnate’s stake is worth more than $1 billion, the Wall Street Journal reported.…
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Here’s how SpaceX’s debut stacks up against other major IPOs
On Friday, the world waited with bated breath to watch how markets would react to SpaceX’s blockbuster $1.75 trillion IPO, which raised $85.7 billion in proceeds. Now, on its first full day of trading, the company is worth more than $2.4 trillion. The stock began trading at $150 a share, and as of Monday afternoon…
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Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but ‘the gamble does not always pay off’
Lawmakers have long known that Social Security faces a day of reckoning but have dodged any reforms that would cut benefits, hike taxes, or do both. The dilemma gained more urgency when new projections this month showed that the Social Security trust fund will run out of money sooner than previously thought, meaning benefits would…