Steve Eisman has a simple way to explain why SpaceX is the most absurd stock in America: its revenues are roughly equal to those of the company that makes Froot Loops. The difference? Nobody is valuing Kellogg’s at 100x revenue.…
Qualcomm has long been known primarily as the maker of smartphone chips, but since taking the reins five years ago, CEO Cristiano Amon has worked to change that and equip the company for the tough but lucrative AI chip wars.…
New York City Mayor Zohran Mamdani barreled into City Hall vowing to tackle the city’s notoriously high cost of living, partly by fulfilling a campaign promise repeated with almost monomaniacal zeal in social media ads, speeches and rallies: “As your next…
Micron may not be a household name, but it may just be among the most important tech companies in the AI era, and definitely one with a surprising backstory. On Thursday, the memory chipmaker reported an eye-popping 346% surge in…
They weren’t trying to write a political story, not really. Mark Muro and his colleagues at the Brookings Institution published what looked like a dry geographic analysis earlier this month — a deep dive into which American counties have the…
Bitcoin is tanking. Despite a modest rebound in the past day, the price of the world’s largest cryptocurrency is down about 5% over the past week and 20% since May, according to data from CoinGecko. Ethereum, the world’s second-largest cryptocurrency,…
The U.S. struck Iran on Friday in response to a drone attack a day earlier on a cargo ship in the Strait of Hormuz. It’s the most significant test yet to an interim understanding reached a week ago by the…
Even just talking about organ meats makes many people’s noses wrinkle, let alone actually buying and cooking them. They can be very tasty, but we understand it’s not everyone’s thing. However, here’s what you should know: Organ meats are nutrient…
Red Lobsters’ infamous $20 “Ultimate Endless Shrimp” promotion nearly sank the restaurant chain, now shareholders are alleging the promotion was a ploy by a former majority shareholder based in Thailand to squeeze as much benefit as possible from the eatery.…
OpenAI is staggering the rollout of its newest and most powerful AI model after a request from the Trump administration. To get access to the new model, customers must first be cleared by the U.S. government, the company said on…