Despite his role in revolutionizing the electric vehicle industry with Tesla, Elon Musk’s second-most famous company, Space Exploration Technologies (SPCX 3.08%) or SpaceX, is set to rely on a fossil fuel, natural gas, to power its xAI’s data centers and enable it to make launch fuel for its Starship rockets. These developments underline the role…
Two years after Elon Musk made Greater Memphis the center of his artificial intelligence ambitions, building data centers and energy infrastructure at breakneck speed, residents are grappling with unwanted effects, including noise and emissions from the natural gas-burning turbines. Now, public opposition to the SpaceXAI sites, known as Colossus and Colossus II, is providing a…
As the World Cup wraps up, the off-field battle for eyeballs, ad dollars and viral fame has already crowned some champions
U.S. companies raised about $114.1 billion through traditional initial public offerings in the first half of 2026, more than seven times the amount raised during the same period last year as the IPO market reached its strongest level since 2021, according to a recent PwC analysis. The surge was fueled in part by SpaceX’s record-setting…
On Episode 87 of the COO Roundtable podcast, I sat down with Vince Nauheimer of OnePoint BFG Wealth Partners and Grace Balestrieri of Brighton Jones, two operators who have led their firms through tremendous growth, and asked them a question I felt they were uniquely qualified to answer: “How do you keep your culture intact…
It was a bad week for “the ants,” as South Korea’s army of retail traders are known colloquially. 1.2 million of them were clobbered with margin calls. That’s more than 3% of the country’s adult population, illustrating the feverish extent of stock market speculation and the danger of leverage.
Dive Brief: Water treatment firm Pentair has taken on board its former finance chief Bob Fishman on an interim basis following the abrupt resignation of his successor, Nicholas Brazis, after just five months in the role, according to a Tuesday press release and securities filing. Brazis, who succeeded Fishman in the top finance seat in March,…
Good morning, Nina Lindholm here with the Europe Wire from the London newsroom. European cities are known for old architecture. While not all have hundreds of years of history, around 85 percent of buildings in the EU were built before 2000, according to the European Commission. We start today with building maintenance, as Charterhouse Capital…
There was a time when one of the greatest advantages a recruiter could offer was access to information. To be sure, experienced recruiters understand the wealth management landscape in ways that can be difficult for advisors to replicate on their own. We know how firms differ, how business models compare, where opportunities exist, and, perhaps…
The Food and Drug Administration has approved a first-of-its-kind pill that can drastically reduce cholesterol in a way that’s previously only been available with expensive, injectable drugs. The drug from Merck was OK’d on Thursday for patients with artery-clogging cholesterol that persists even after taking statins, the standard medications for cutting heart attack risk. Merck will market…