Investing
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Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out
Stocks tumbled Friday as a selloff that began earlier in the week over fears about the AI boom’s longevity was compounded by worries about rate hikes from the Federal Reserve. The Nasdaq sank 4%, suffering its worst selloff since April 2025—during the height of President Donald Trump’s tariff shock. The S&P 500 lost 2.6%, and…
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SpaceX and Anthropic are about to go public—and your 401(k) may be forced to buy in
Two of the most valuable companies in history are about to go public, and because of their sheer size, they may fundamentally alter what sits inside millions of Americans’ retirement accounts. With SpaceX’s IPO also sparking index providers to change the rules on how stocks are added to major stock market indexes (like Nasdaq or…
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A dying satellite company sold spectrum to Elon Musk—and turned $11.1 billion in SpaceX stock into the Fortune 500’s best shareholder return
A beleaguered satellite company on the verge of bankruptcy a year ago has become the Fortune 500’s latest success story in shareholder returns: its stock price soared 430% since the beginning of last year, including nearly 375% in 2025 alone. EchoStar, which sits at No. 302 on the Fortune 500 list, released this Wednesday, saw…
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What Christie’s $1.45 billion blockbuster art auction tells us about the ‘Great Wealth Transfer’
It was the kind of drama an auction house dreams of. As part of its spring week auction in mid-May, Christie’s was selling a 1948 Jackson Pollock dip-and-splash painting, one of the largest held by a private owner. Bidding seemed to stall around $150 million until suddenly a bidding war among four prospective buyers broke…
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Ray Dalio warns the stock market is approaching 1929 and 2000 bubble levels—but another crisis is ‘past the point of no return’
Billionaire investor Ray Dalio delivered a stark dual warning Wednesday, telling Bloomberg Television U.S. equity markets were nearing bubble territory last seen before two of history’s worst financial crashes—even as a separate debt-driven crisis has already crossed a threshold from which there is no escaping. “We are right now rising close to—not at—the same level…
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Live updates from the NYC bar that promised to cover everyone’s tabs if the Knicks won, and used Kalshi to hedge their bets
A small bar on Manhattan’s Upper East Side is turning the NBA Finals into a masterclass in risk management—and a preview of what Wall Street hedging might look like for Main Street businesses. The Jeffrey, a craft beer and cocktail bar on East 60th Street, made a splashy promise ahead of Game 1 of the…
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Top short seller Andrew Lift convicted of securities fraud after getting caught saying ‘taking candy from a baby’
A federal grand jury in California has convicted short seller Andrew Left of securities fraud. Left, who was a securities analyst, trader, and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one…
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If S&P Dow Jones rewrites its listing rules, SpaceX and Anthropic will benefit—investors won’t
To get into the S&P 500, a company is supposed to make some money. The sum of its four quarters of earnings has to be positive—at least GAAP wise—and so does its most recent quarter. That’s a pretty basic rule, decades old and it’s the reason Tesla sat outside of the index until the end…
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Buffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
Berkshire Hathaway was long teased as the conglomerate that couldn’t find anything worthwhile to buy. Now, as the cash pile has swelled to $400 billion—it’s highest ever—and with a new CEO in charge, the firm is finally pulling the trigger. Berkshire is buyingthe Taylor Morrison Home Corp., the country’s sixth-largest homebuilder, for $8.5 billion, or…
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If Elon Musk merges SpaceX with Tesla he’ll create a $3.4 trillion behemoth—with zero profits
On May 27, CNBC reported that, according to a Tesla employee and others familiar with the talks, the EV-maker and rocket and AI purveyor are weighing a merger. Prior to that story, speculation about the potential tie-up was already running rampant. Wedbush Securities analyst Dan Ives put the chances for a combo at 80%, adding…