Author: franperez66q@protonmail.com

ERock valued at $5.5 billion as energy firm’s shares fall in NYSE debut Source link

Sen. Elizabeth Warren, D-Mass., called for the Securities and Exchange Commission to delay SpaceX’s upcoming initial public offering, citing concerns about the rocket maker’s valuation and corporate governance in a letter shared with CNBC.”Given the unprecedented threats to investor protection and market integrity posed by the biggest IPO in history, you must delay any eventual acceleration of the registration statement’s effectiveness accordingly,” Warren wrote to the market regulator on Tuesday.In the 12-page letter, Warren flagged the potential for “inaccurate or misleading accounting or valuation” around SpaceX’s acquisition of Elon Musk-owned xAI, conflicts of interest surrounding Musk’s “uniquely unchecked” power as…

The former deputy prime minister says changing visa rules for migrants already living in the UK would be “un-British”. Source link

With semis whipping around on every AI headline and index volatility spiking, I’m looking for a counterpoint, a stable, cash-generating business where I can sell volatility instead of buying drama. Cigna (CI) fits the bill — and I’d rather write my way into the stock than chase it.Cigna isn’t a growth story. Revenue growth is steady if modest compared to the eye-watering numbers coming out of the semis. The company beat in the first quarter, reporting adjusted EPS of $7.79, and raised full-year guidance to at least $30.35 per share, extending a multi-year pattern of adjusted EPS growth. That marked…

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 Jay Wardle, president of travel data intelligence company Sojern. New flight-booking data from Sojern shows most U.S. and Canadian host cities are seeing year-over-year gains for the tournament window, led by Houston and Dallas. But Seattle and all three Mexican host cities are trailing last year’s…

Russian-held Crimea grapples with fuel shortages as Ukraine conducts more drone attacks Source link

As for the specter of AI data centers and increased energy costs being passed to customers, Poppe said, “So we’re seeing every gigawatt that we can add to the grid will lower everybody’s rates 1 percent.” Poppe noted that AI could help the company work more efficiently with its current infrastructure. “We’ve initiated a new playbook of doing simultaneous engineering using AI to optimize grid placement, grid utilization, and what the right resources need to be at the right places, so that we can have the lowest cost additions,” Poppe said. It’s yet to be seen if Poppe’s vision works…

Donald Trump Jr., left, and Eric Trump at the Nasdaq MarketSite before ringing the opening bell to celebrate the closing of Alt5 Sigma’s adoption of its cryptocurrency deal with World Liberty Financial, in New York, Aug. 13, 2025.Eduardo Munoz | ReutersAI Financial Corp., a publicly traded company that took heavy losses after making a billion-dollar bet on a cryptocurrency backed by the Trump family, said Wednesday that its outlook had improved. Its shares are down 92% since making that bet to 65 cents a share as of Wednesday’s market open.The Trump family earned about $500 million in that transaction, CNBC…

President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.”No, I love it, the numbers were great,” Trump said in the Oval Office, where a reporter asked him about the CPI number issued earlier in the morning.”You know what I really love? I love the inflation. You know why?” Trump said. “Because as soon as this war is over, you know I can say it now … you know we’ve been taking out millions of barrels…

By Jonathan Stempel NEW YORK, June 10 (Reuters) – sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform. In a complaint filed late on Tuesday night, Uber said the law against “wrongful deactivations” would improperly shield drivers who engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing “immediate and irreparable harm” by undermining the company’s reputation and goodwill. It said the law violates its free-speech and due-process rights under the U.S. Constitution, as well as New York’s…