Elon Musk just became the world’s first trillionaire. With SpaceX opening on the Nasdaq at $150 a share Friday, his stake in the company is worth more than $766 billion. Combined with his Tesla stake, which is worth $280 billion, Musk’s net worth from both companies as of Friday is roughly $1.05 trillion. The SpaceX […]
Category: π MARKETS
3 Reasons EBAY is Risky and 1 Stock to Buy Instead
eBay has had an impressive run over the past six months as its shares have beaten the S&P 500 by 21.5%. The stock now trades at $109.19, marking a 27.9% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to […]
2026 elections ad spend projected to reach record: AdImpact
The 2026 midterm election cycle could surpass the 2024 presidential cycle to reach record advertising spend for any U.S. election, according to a new report from advertising intelligence company AdImpact. This year’s races are projected to reach $11.6 billion in ad spend, making it the most expensive cycle ever and eclipsing the $11.2 billion spent […]
What Stripping the Weakest Stocks From the S&P 500 Actually Does for Your Portfolio
Β© Deemerwha studio / Shutterstock.com TheΒ SPDR S&P 500 ETF TrustΒ (NYSEARCA:SPY) is the default core holding for tens of millions of investors. It tracks the S&P 500, charges 0.0945% in expenses, pays a 1.25% dividend yield, and has returned about 314% over the past decade on a price basis. The pitch is simple: own the 500 […]
CVS Health (CVS): Buy, Sell, or Hold Post Q1 Earnings?
Over the past six months, CVS Health has been a great trade, beating the S&P 500 by 20%. Its stock price has climbed to $100.39, representing a healthy 26.4% increase. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is now the time to buy […]
World Cup travel boost hasn’t materialized for U.S. businesses, yet
The 2026 World Cup is expected to bring a wave of global soccer fans to North America. But the travel boom is shaping up to look less like one uniform surge and more like a city-by-city, match-by-match test of pricing power. “Demand is real and positive, but it’s not evenly distributed across host cities,” said […]
SpaceX millionaires set to spend on luxury homes, watches, travel
Close up of coastline near Palos Verdes Post_insignem | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.Β Sign upΒ to receive future editions, straight to your inbox. The SpaceX IPO is expected to mint thousands of new […]
Beyond SpaceX: Where family offices see buying opportunities in space
As seen from Canaveral National Seashore, a SpaceX Falcon 9 rocket carrying 60 Starlink satellites launches from pad 39A at the Kennedy Space Center on October 6, 2020 in Cape Canaveral, Florida. This is the 13th batch of satellites placed into orbit by SpaceX as part of a constellation designed to provide broadband internet service […]