How Elon Musk made SpaceX take off by giving employees stock options
Elon Musk attends the launch of a SpaceX rocket with astronauts on board. Working at SpaceX in the company’s earliest days was intense, but it may pay off for some hires. Tough working conditions might tank some businesses, but not SpaceX. On December 11, Bloomberg reported that the Elon Musk-founded company was valued at $350…
Elon Musk downplayed his influence after Democrats started calling him ‘President Musk’
Musk attended the Army-Navy football game alongside Trump and Vice President-elect JD Vance. Elon Musk has tried to downplay his influence in helping tank a government funding bill, and after Democrats started referring to him as “President Musk.” In a series of X posts on Thursday night, Musk tried to distance himself from Democrats’ claims…
I’ve been to Africa multiple times. Here are the best things I did in Zimbabwe, South Africa, Morocco, and Egypt.
Victoria Falls was incredible to see while in Zimbabwe. The African continent is teeming with unique travel experiences. There’s something for just about any traveler, whether you want to go on an African safari, savor first-class food and wine, see diverse landscapes, laze on stunning beaches, or marvel at ancient civilizations. My African bucket list…
Stock market today: Sell-off continues as the government heads toward shutdown
Donald Trump and Elon Musk US stocks declined on Friday as investors weighed concerns about the Federal Reserve’s interest rate path and a potential government shutdown. While the broader stock market decline began on Wednesday following the Fed’s hawkish interest rate cut, it accelerated into Friday amid concerns of an imminent government shutdown. Congress has…
Novo Nordisk stock plunges 20% after a trial of its latest weight loss drug disappoints
At a Novo Nordisk manufacturing plant in north China’s Tianjin. Novo Nordisk’s stock suffered its biggest one-day slide on record after its latest obesity drug trial disappointed investors hoping for another blockbuster weight-loss drug. The Ozempic-maker’s stock plunged 21% to trade at $82.03 per share shortly after the opening bell on Friday morning, hitting its…
Bitcoin ETFs see record outflows as crypto market plunge accelerates after hawkish Fed meeting
Spot bitcoin ETFs saw $680 million in outflows on Thursday, the largest-ever single-day outflow in exchange-traded funds that track the crypto. Crypto investors pulled a record amount from bitcoin exchange-traded funds on Thursday as selling pressure intensified after markets recalibrated expectations for rate cuts in 2025. Spot bitcoin ETFs saw $680 million in outflows on…
Starbucks baristas are striking Friday in 3 major cities — including the coffee giant’s hometown
Former employees and supporters join unionized Starbucks employees as they carry signs in support of a strike in Virginia in 2023. Starbucks’ largest workers union announced that it would go on strike in Los Angeles, Chicago, and Seattle, where it is headquartered, just days ahead of Christmas. On Wednesday, the union told B-17 that it…
54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office
President Joe Biden announced student-debt cancellation for borrowers in Public Service Loan Forgiveness. President Joe Biden announced more student-loan forgiveness with one month left until he leaves the White House. On Friday, Biden and his Education Department said they have approved $4.28 billion in student debt for 54,900 borrowers in the Public Service Loan Forgiveness…
The Senate is targeting life-insurance policies that allow the rich to pass down everything from stocks to yachts to their kids tax-free. Here’s how it works.
The rich can use private-placement life insurance to save tens of millions of dollars. Life insurance is probably the least sexy area of financial planning. But for the richest of the rich, policies can slash tens of millions of dollars off their tax bills. Private-placement life insurance is a little-known tax-avoidance tactic. When structured correctly,…
