Tesla (TSLA) CEO Elon Musk, whom JPMorgan CEO Jamie Dimon once called “our Einstein”, has had plenty on his plate lately. SpaceX’s (SPCX) latest Starship launch was aborted, sending the stock tumbling below its IPO price to $123.99 on Friday, 45% below its post-listing peak, according to Barrons. But the stock market’s giving Musk little
Washington spent four years trying to convince the world’s most important chipmaker to build in America. On Thursday, July 16, it got a positive answer. Taiwan Semiconductor Manufacturing Company (TSM) confirmed an additional $100 billion for its Arizona operations. That lifted its total US commitment to $265 billion, which is the largest foreign direct investment
In any competitive market, there comes a time when the field thins out. When that happens, of course, the strongest players quietly start doing the math. That moment is slowly arriving for T-Mobile US Inc. (TMUS). In the span of a few weeks, two of its rivals have made moves that could reshape the wireless
Warren Buffett has been making the same argument about market downturns for decades. He doesn’t dress it up. His position is that bad news in financial markets is good news for investors who are prepared. “Bad news is an investor’s best friend,” he has said, The Motley Fool reported. For anyone who has watched his
Warren Buffet sums up new Federal Reserve Chairman Kevin Warsh in two words: “Good choice.” But wait. There’s more. First, a very short history lesson. President Donald Trump nominated Warsh in January to replace Jerome Powell as the head of the world’s largest central bank. Warsh, a former Fed governor and Stanford University scholar with
UnitedHealth Group (UNH) beat Wall Street‘s numbers on July 16, 2026, but its chief financial officer spent the earnings call making sure nobody mistook that result for a solved cost problem. The company beat earnings estimates by roughly 30%, and management raised full-year guidance well past analysts’ expectations. Yet the UnitedHealth executive closest to the
To most people, Jamie Dimon represents the epitome of Western capitalism. Dimon is the CEO of JPMorgan, the largest bank in the U.S. with over $4 trillion in consolidated assets, according to the Federal Reserve Board, so his decisions have helped lead the country and the world into the economic condition it now finds itself
Pentair (PNR) was one of the pandemic’s quiet winners, riding America’s backyard pool boom. However, that run ended this week. The company pre-announced weak second-quarter results on July 14, cut its full-year outlook, and revealed its CFO had left four days earlier. Shares dropped about 15% the next day and hit a fresh 52-week low.
I haven’t met many people who were actually able to afford a new car. Sure, plenty buy them, but suffocating monthly loan payments mean the “affording” part isn’t exactly met. For decades, we shrugged off the warning that a new car loses 10% of its value the second it leaves the lot. The counter-argument was
With the summer travel season bringing large tourist crowds to various cities and smaller destinations across Europe, an increasing number of them have begun setting new rules to combat visitors’ rowdiness and lack of decorum. After a video of eight British men dancing naked in a bar in the Portuguese town of Albufeira went viral