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 […]
Stock Market Today, June 12: SpaceX Mega IPO Soars, Testing Tech Stocks at Midday
CAs of midday, the S&P 500 (^GSPC +0.58%) rose 0.12% to 7,403.38, the Nasdaq Composite (^IXIC +0.47%) dropped 0.36% to 25,716.64 as SpaceX’s (NASDAQ: SPCX) IPO kept risk appetite elevated in a volatile morning of trading. The IPO kept risk appetite elevated in a volatile morning of trading. The Dow Jones Industrial Average (^DJI +0.80%) […]
Melania Trump announces Fostering the Future savings account
First lady Melania Trump speaks about a Trump administration initiative for savings and investment accounts for children in foster care, at the Treasury Department, in Washington, June 11, 2026. Jonathan Ernst | Reuters Ahead of the official launch of Trump Accounts, First Lady Melania Trump on Thursday announced a new savings and investment initiative in conjunction with […]
Ask the Tax Editor: Questions on Inherited Property
Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at five tax questions on inherited property, including the tax basis upon death. (Get a free issue of The Kiplinger Tax Letter or subscribe.) 1. Inheriting gold and silver […]
How to Invest In SpaceX (SPCX) — And How Not To
SpaceX is the world’s largest space launch provider, accounting for roughly half of all orbital launches worldwide last year[0]. It also owns the Starlink satellite internet service, xAI (CEO Elon Musk’s AI company, which developed the Grok chatbot) and the social media site X (formerly Twitter). And it went public today in the largest initial […]
Pfizer’s New Weight-Loss Data Just Gave Eli Lilly and Novo Nordisk Investors Something to Worry About
Pharmaceutical giants Novo Nordisk (NVO +0.43%) and Eli Lilly (LLY 1.35%) are still the two titans of the weight loss drug market, to be sure. Lilly sold $13.5 billion worth of GLP-1-based Zepbound last year, while Novo reported revenue of more than $30 billion (U.S.) from its anti-obesity drugs Wegovy and Ozempic, with its weight […]
The invisible dangers of too much cash
How much cash is too much cash? With the stock market at highs, there is a very strong temptation to keep cash “on the sidelines” for the right time to invest. I believe, in the long run, investing now is better than investing later. The massive risk of waiting on the sidelines is that you […]
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 […]
New Book Drop/Giveaway: “Retire by 30”
Good morning, internet friends!! Hope you had a good rest and are ready for some financial goodness! I don’t have any money to give away today sadly, but I do have the next best thing per Benjamin Franklin: a book! After all, “An investment in knowledge pays the best interest!” 😎 I think he would […]
Which Money Tree Are You? (Quiz)
A friend of mine recently launched a quiz to determine which of the 5 money trees you are, and, so, of course I had to take it because IT’S A QUIZ ABOUT MONEY! Here it is if you’re too excited to read on –> thefivemoneytrees.com I asked her where this “tree” idea came from and […]
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 […]
All Eyes on SpaceX IPO Today
Ahead of this final trading day of the week — which has climbed past Friday’s highs after a tumultuous past few sessions — pre-market futures are up again, following a boffo Thursday that saw major indexes rise between +1.75% (S&P 500) and north of +2.5% (Nasdaq). Currently, the Dow is up +300 additional points, the […]
How to Watch the World Cup for Cheap
While I’m partial to the kind of football with less kicking, I’m pumped about this World Cup. For one, soccer is super fun to watch (and play on Xbox). For two, it’s close to home, happening in 16 cities across Canada, Mexico and the United States from June 11 to July 19. In fact, Team […]
Use This 5-Step Summer Savings Challenge to Get Ahead by Fall
Summer often brings higher discretionary spending. A weekend trip to the beach, extra outings with friends or that must-have ice cream machine can quickly eat into your budget. But summer can also be an ideal time to build savings without making major lifestyle changes. Because the holiday season is still months away, even small weekly […]
Nearly 7 million student loan borrowers remain in defunct SAVE plan
Damircudic | E+ | Getty Images Nearly 7 million federal student loan borrowers remain enrolled in a defunct Biden administration-era repayment plan, Nicholas Kent, a top official at the U.S. Department of Education, told CNBC on Thursday. By staying in the Saving on A Valuable Education, or SAVE, plan, these borrowers’ debts are growing, and […]
Why Redwire Stock Crashed Today
So I guess I was both right and right about the SpaceX (SPCX +0.00%) IPO. Right first, because I predicted SpaceX IPO fever could drive space stocks higher. Indeed, shares of space infrastructure company Redwire (RDW 10.01%) have roughly doubled over the past four months. That’s the good news. I was also right, unfortunately, about […]
What Stripping the Weakest Stocks From the S&P 500 Actually Does for Your Portfolio
© Deemerwha studio / Shutterstock.com The SPDR S&P 500 ETF Trust (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. Sign up to receive future editions, straight to your inbox. The SpaceX IPO is expected to mint thousands of new […]