The stock market in New York will open at 9.30 a.m. local time as usual today and then, a few hours later, shares in Elon Musk’s SpaceX will begin trading publicly, starting at an offer price of $135 per share.…
With software platforms racing to roll out AI features, Notion—the all-in-one productivity and workplace platform that gained a global cult following during the COVID pandemic—is betting that restraint will be a more successful design strategy. “You can’t have every new…
A Spanish football club at the center of a prediction market controversy has denied placing a nearly $600,000 bet on Kalshi to hedge against the financial hit of dropping to a lower tier in one of the world’s top soccer…
Your iPhone may now be a form of birth control, economists warn. New research is linking America’s plummeting birth rate to the rise of the iPhone, providing evidence that smartphone use is causing people to have fewer children. A working…
Brazilian officials on Thursday announced a sharp drop in deforestation rates, pushing back on one of the arguments that the Trump administration used last week to justify additional tariffs on the South American country. In May, Amazon deforestation was 61.4% lower than in…
Good morning. I was speaking with a CEO in financial services this week when I noticed and mentioned that Anthropic had just released its first Mythos-class model to the public. His reaction: “Oh God, no! Not another thing.” Neither of…
When Amazon recently dismantled an internal AI leaderboard, it exposed a broader issue in corporate America’s AI rollout. The leaderboard tracked so-called tokenmaxxing, a trendy corporate phenomenon where employees maximize their consumption of AI processing power to prove they are…
A day ahead of the spectacle of SpaceX’s IPO, the much anticipated trillion-plus valuation of the company—a Frankensteined creature of Elon Musk’s dreams and realities—is emerging as an investor Rorschach test. Some will see cosmic potential, while others will see…
U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing…
Bank of America told investors to “take profits” on June 5, and many of them did. Savita Subramanian’s strategy team flagged seven of the firm’s 10 bear-market signposts—five already triggered by April, plus two more in May—and told clients to…