SpaceX went public in June as the most anticipated listing in years. The first few weeks were electric. Then the stock fell sharply, spending weeks below its IPO price while critics questioned whether the valuation had gotten ahead of the business. Wall Street has spent the summer trying to figure out which SpaceX story is
Newly appointed Treasury Secretary Scott Bessent has been making waves and headlines during his brief stint as the country’s top economic official. Bessent has been forced by his own policies to become more of an activist, as the U.S. 30-year Treasury yield reached a nearly two-decade high of 5.34% earlier this month, Reuters reported. That
Cisco Systems Inc. (CSCO) has built its reputation on the routers and switches that move data between machines, not the machines themselves. This week the company crossed that line. It is now selling AI server hardware directly, through a new partnership with Super Micro Computer Inc. (SMCI), a move that pulls Cisco deeper into a
Bill Gates built one of the country’s most closely watched investment portfolios through Cascade Investment LLC, the firm that manages his personal fortune and helps fund the Gates Foundation. Most people picture Cascade Investment holding familiar names such as Deere and Ecolab. Those are both in the mix. But one company sits far above everything
Micron Technology (MU) has become one of the biggest names in the AI trade, and Wall Street keeps raising the stakes. A stock that started 2026 as a fairly ordinary semiconductor holding is now worth more than a trillion dollars. A run like that usually makes analysts nervous. This time, a major bank opened fresh
Nancy Pelosi has been one of the most financially active members of Congress for years, and Wall Street has learned to observe when she files her disclosure forms. Pelosi is the former Speaker of the House, who represented San Francisco for 39 years and is known for reading the political and economic landscape better than
BJ’s Wholesale is planning a significant change to its in-store offerings as it sees customer behavior shift. In the second quarter of this year, the warehouse club saw its comparable club sales (including gasoline) increase by 11.9% year over year, according to the latest earnings report. Its membership also grew to a record 8.5 million.
SpaceX CEO Elon Musk has never been shy about ambitious timelines, and his latest involves putting AI data centers in orbit. He offered the most specific schedule yet for exactly when that plan starts becoming real. The update landed just days before Nvidia reports its own quarterly results, giving investors two closely linked stocks to
Broadcom (AVGO) has become one of the largest companies in the world, worth about $1.75 trillion. Yet the shares recently pulled back hard, dropping roughly 7% in five trading days and about 25% from their 2026 high. That kind of drop makes investors nervous. It also gets analysts talking. Now a new voice has entered
While dozens of airlines around the world have filed for bankruptcy or shut down operations since the start of 2026 over the sudden spike in jet fuel prices, companies in adjacent industries have also hit upon hard times amid an uncertain economy. A number of cruise booking and travel agencies, travel insurance providers and in