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To justify a $1.5 trillion market cap after its IPO, SpaceX would need to earn more than Berkshire Hathaway. Here’s why that’s unlikely
Until SpaceX publishes its prospectus for the offering, we won’t have a detailed look at its financials. We do, however, have important snippets of information. Musk has stated that SpaceX generated some $15 billion in revenue last year, and it’s been widely reported that it booked roughly $8 billion in Ebitda. The scenario circulating widely in the media, and not…
America’s never had such high national debt heading into an economic shock. We need a ‘break glass’ plan, think tank warns
The U.S. has never been more financially exposed heading into a potential economic crisis. With the national debt now equal to 100% of the country’s entire economic output—a level not seen since World War II—a prominent nonpartisan think tank is sounding the alarm: The country is flying blind into its next emergency, and the consequences for ordinary Americans could be…
CEOs are using one number in the AI age to decide how many people they still need
“For every one of my engagements,” Walsh told Fortune, the question is “what is my mix of labor? What’s my mix of technology? And what’s the overall cost of delivering that engagement?” He said he would expect the “labor cost in the mix” to go down, and for his technology costs within that same engagement to go up. “And at…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Dollar Slides to Lowest Level Since July Amid Rate-Cut Speculation Triggered by Soft Inflation Data
The US dollar continued its descent following the release of the Federal Reserve's core personal consumption expenditures (PCE) price index, indicating subdued inflation and reinforcing expectations of interest-rate cuts in…
