Business

Shares of Blue Owl rose after the private credit company cited SpaceX gains

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🚀 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: shares Blue owlthe private credit firm that has been at the center of recent tensions over exposure to software companies, jumped 10% in trading Thursday after executives revealed big gains tied to SpaceX. “We made about 10 times our money on this investment,” one executive said on the company's first-quarter earnings call.Blue Owl has already sold about half of its $1.25 trillion position and continues to hold the rest, he said.The call was hosted by Mark Lipschultz, Co-CEO, and Alan Kirshenbaum, CFO. It was not…

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Rivian renegotiates Department of Energy loan to $4.5 billion, adjusts production capacity plans for Georgia plant

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🔥 Check out this insightful post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Rivian Cars It said on Thursday it had renegotiated a $6.57 billion loan from the U.S. Department of Energy to $4.5 billion and was adjusting production forecasts at a plant under construction in Georgia.The DOE loan was previously slated to support two phases of production totaling 400,000 units per year. The company said on Thursday that the amended loan covers one stage of production with a total capacity of 300,000 cars.The changes allow Rivian to take advantage of the loan sooner and get more…

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Apollo Sports Capital’s Tom Dundon invests $225 million in baseball

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💥 Read this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Ben Jones comes to the right side for a slam dunk against Anna Bright and Hayden Patrykin in the final match of the 2026 PPA Carvana Mesa Cup professional mixed doubles division at the Arizona Athletic Grounds on February 22, 2026 in Mesa, Arizona. Bruce Young | Getty ImagesPickleball Inc., the new parent company of Major League Pickleball and the PPA Tour, said Friday it has raised a record $225 million in new investment, as the sport of paddleboarding continues its rapid growth trajectory. The…

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Smoothie King plans to expand as wellness trends boost sales

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✨ Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A rendering of the new Smoothie King store designSource: Smoothie KingFrom the rise of GLP-1 drugs to the backlash against artificial ingredients, current health trends are fueling the Smoothie King's growth.“There are big industry tailwinds behind what we do,” said Gavin Fielder, the chain's president and chief financial officer. "What we've learned is that people are becoming more conscious about the choices they make. A lot of people are now focusing on protein and on fiber and all that good stuff."Founded more than 50…

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Markets underestimate risks of AI withdrawal in the Middle East

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✨ Read this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: The potential withdrawal of Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten major data center projects, according to technology investor Jack Selby.Selby, who is managing director of Peter Thiel's family office, Thiel Capital, said investors in the Middle East - including sovereign wealth funds and government bodies - account for nearly a quarter of global investments dedicated to artificial intelligence over the next five years. He said that if the Iran war continues, and…

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Why are forecasting platforms sitting?

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🔥 Explore this must-read post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: The nation's largest horse race, the Kentucky Derby, takes place Saturday in Louisville. If you're looking to bet on Kalshi, Polymarket, or any other prediction platform about the event — you're out of luck. There are no Kentucky Derby event contracts offered on the major forecasting platforms, which host contracts on everything from sporting scores to geopolitical events to reality TV moments, but not horse racing.. Bill Carstanjen, CEO churchill downs, The company that owns the Kentucky Derby and its racetrack told CNBC that the…

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Trump says he will raise tariffs on cars in the European Union to 25%

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💥 Read this must-read post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: President Donald Trump said he would increase EU tariffs on cars and trucks to 25%, without saying what authority he would use to raise the tariffs.“Based on the fact that the EU is not adhering to our fully agreed upon trade deal, next week I will be increasing EU tariffs on cars and trucks coming into the US,” he wrote on Truth Social on Friday. "The tariff will be increased to 25%. It is fully understood and agreed that if they produce cars and trucks…

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Spirit Airlines is about to close. What travelers need to know

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🚀 Check out this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Spirit Airlines check-in kiosks remain idle at Oakland International Airport on August 13, 2025 in Oakland, California. Justin Sullivan | Getty ImagesSpirit Airlines closed overnight. The carrier failed to secure a financial lifeline to continue operating, ending the discount air travel pioneer's time in the skies, costing about 17,000 jobs and thousands of cheaper flights to the market.“Spirit is terminating all operations,” its website reads as of Saturday morning, replacing a functioning booking homepage that had been up for less than 24 hours.Travelers with…

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The growing market for GLP-1s

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💥 Explore this trending post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: When Pranisha Cooper first started taking the GLP-1 Mounjaro injection in late 2022, she heard online that she might experience temporary hair thinning and braced for the worst.But it will take about a year before she starts to notice her hair falling out in clumps. Cooper said it was especially shocking because she had always had thick hair."I was really hoping it wouldn't happen," Cooper, 29, told CNBC. “What my provider told me is that since you are taking medication that allows you to lose…

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Spirit Airlines is shutting down after failing to secure a bailout

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💥 Read this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Spirit Airlines planes are parked at Fort Lauderdale-Hollywood International Airport, in Fort Lauderdale, Florida, April 23, 2026.Marco Bello | ReutersSpirit Airlines is closed.Before dawn Saturday, the carrier suspended operations after failing to reach an agreement with bondholders on an eleventh-hour bailout from the Trump administration.This sealed the fate of the popular American budget airline known for its bright yellow planes, cheap fares, simple service and fees for everything else that became a focus even as it pioneered discount air travel in the United States and…

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