Business

SpaceX millionaires are preparing to spend on luxury homes, watches and travel

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💥 Read this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Near the coast near Palos VerdesPost_insignem | iStock | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.SpaceX's IPO has created thousands of new millionaires and many new billionaires. While current and former employees won't be able to sell their shares right away, some are already planning how to spend their windfall.This newfound wealth could have a ripple effect across…

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Elon Musk becomes the world’s first trillionaire as SpaceX begins trading

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🔥 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Elon Musk just became the world's first trillionaire.with SpaceX SpaceX opened on the Nasdaq at $150 a share on Friday, and the CEO of SpaceX and Tesla now have a stake in SpaceX worth more than $766 billion. Along with him Tesla Musk's stake is worth $280 billion, and Musk's net worth from the two companies as of Friday was about $1.05 trillion.The SpaceX IPO added more than $180 billion to Musk's wealth. His wealth now amounts to more than the five richest billionaires in…

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Paramount-WBD merger receives approval from Department of Justice

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💥 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Paramount Skydance CEO David Ellison speaks on stage during a Paramount Pictures presentation at CinemaCon at the Colosseum at Caesars Palace in Las Vegas, April 16, 2026.Valerie Macon | AFP | Getty ImagesThe US Department of Justice has signed this Paramount Skydance Proposed acquisition of Warner Bros. Discoverymerger survey of federal antitrust concerns. “The Department has completed its analysis of the proposed merger of Paramount and Warner Bros. and has determined, based on the evidence in its investigation, that the transaction is unlikely to result…

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Rivian’s CEO takes a different approach than Elon Musk when it comes to humanoid robots

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🚀 Discover this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: An industrial humanoid robot is displayed at the Humanoid Robot Data Training Center in Shougang Park on March 27, 2025 in Beijing, China. VCG | China News Service | Getty ImagesPark City, Utah - Rivian Cars CEO RJ Scaringe envisions a day in the not-too-distant future when the electric car maker's manufacturing employees will have a new kind of colleague: humanoid robots."There will be thousands of people collaborating alongside these robots," Scaring said during a media event to launch the Rivian R2 EV. "They'll be…

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Fox agrees to buy Roku. Here’s what investors are missing

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💥 Discover this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Fox Corp headquarters is shown on June 15, 2026 in New York City.Michael M. Santiago | Getty ImagesThe media industry has long been preparing for mergers and mega deals. And yet Fox Company acquisition Rocco It seems to have surprised the market. Fox said Monday it will acquire Roku for $22 billion, adding the streaming technology platform — as well as a second free, ad-supported streaming service — to its portfolio of linear TV networks and Tubi. While analysts hailed the deal as a strategic…

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Lilly, Novo and Pfizer look to new weight-loss drugs

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✨ Discover this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: It only took a few months for drugmakers to introduce the GLP-1 pill and make huge changes in how patients pay for weight-loss drugs. However, they are already outlining their vision for the future of obesity drugs. At the American Diabetes Association's scientific sessions in New Orleans last week, drugmakers, doctors and investors floated the idea of ​​new doses and pills, drugs that can be taken less frequently, and new treatments that go beyond GLP-1s and that could come with fewer side effects. Attendees discussed…

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JetBlue is betting big on Fort Lauderdale Airport

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🚀 Check out this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: A JetBlue Airways plane lands near the air traffic control tower at Fort Lauderdale-Hollywood International Airport on October 7, 2025 in Fort Lauderdale, Florida.Joe Rydell | Getty ImagesJetBlue Airlines It's already the largest airline in Fort Lauderdale, Florida, and it wants to get even bigger.“Lauderdale has been a star for us,” JetBlue President Marty St. George said this month of Fort Lauderdale-Hollywood International Airport.Capitalizing on growth at Broward County Airport is key for JetBlue as it revamps its network and rolls out more sophisticated…

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General Motors announces new defense partnership with Lockheed Martin

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🚀 Discover this insightful post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Car maker GM On Tuesday, it announced a new partnership with the defense company Lockheed Martin To expand manufacturing scale and expand production capabilities.The deal was facilitated by the US Department of Defense, according to Bruce Brown, GM vice president of strategy at GM Defense, and will focus on munitions and more. “What makes this moment particularly important is that the country needs more than just great technology,” Brown said on a call with reporters. “It also needs the ability to build, scale, and execute…

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Rivian is laying off hundreds of workers amid the R2 launch

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Rivian electric vehicles are parked in front of a Rivian service center on April 30, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesRivian It said Tuesday it would lay off hundreds of workers, or less than 2% of its workforce, as the electric car maker aims to trim losses.The layoffs are impacting some teams in the service and customer sectors, according to a spokesperson. The company had 15,232 employees across North America and Europe at the end of last year.“We recently restructured a…

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KFC is promoting boneless chicken and new drinks as the chain tries to regain share

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🔥 Read this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: To appeal to today's diners, KFC is prioritizing boneless chicken menu items, expanding sauce options and designing its restaurants to capture customers' attention.these days, Yum brands The unit faces intense competition, both from emerging chicken chains and legacy giants such as... McDonald's Which is betting big on the growing global popularity of chicken. While KFC claims to have invented the chicken quick-service restaurant category, being first does not mean being No. 1, especially in the United States, where its sales have declined in recent years."In…

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