Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable. S&P Dow Jones…
For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe. It’s now been more than three months since the waterway was effectively blocked, creating the worst supply shock in modern…
Soaring U.S. debt and projections that put it at astronomical levels in the coming years have set off increasing panic, though the precise level that sparks a crisis is unknown. But the Penn Wharton Budget Model may have an answer:…
Ukraine launched a drone barrage at St. Petersburg on Saturday, the final day of a major investment forum, hours after President Vladimir Putin spoke there and refused a proposal for talks with Kyiv. The strikes on the city and…
The semiconductor company and the electronics manufacturing firm, respectively, will replace Pool Corp. and The Campbell’s Company before the start of trading on June 22, according to the index provider. Marvell in its latest earnings delivered a quarterly forecast that exceeded…
In the first eight years of the Seattle Storm’s existence, the WNBA team was the “tail” on the “dog” of its NBA counterpart, the SuperSonics, according to Storm co-owner Ginny Gilder. Both bought in 2001 for $200 million by an…
The U.S. military said it shot down Iranian ballistic missiles and drones launched toward the Strait of Hormuz and Gulf Arab allies on Friday, while striking some of the Islamic Republic’s coastal surveillance radar sites in response, an exchange of fire that…
Ten years ago, I could have told you exactly who bought a working ranch or a winery estate on California’s Central Coast. A short list: retiring executives who wanted a hobby to show for forty years of building something; investors…
As America prepares to celebrate its 250th birthday, a handful of its largest companies are marking a different kind of milestone: histories that stretch back nearly to the nation’s founding—or even before it existed. Among the recently-released 2026 Fortune 500—a…
Trade jobs are having a moment. Touted as the smarter, safer alternative to “irrelevant” overpriced degrees and entry-level white-collar jobs (which tech CEOs warn could soon be swallowed by AI), traditional manual work like welding, plumbing, and carpentry is experiencing…