Month: September 2024
41-year-old who just completed the first civilian spacewalk dropped out of high school to start his $7 billion business
Billionaire Jared Isaacman made history in space — again. On Thursday, Isaacman spent 10 minutes floating in the vacuum of space outside of a SpaceX capsule. Isaacman, the billionaire CEO and founder of payment processing company Shift4 Payments, is part of the first-ever all-civilian spacewalk — three years after he led a 2021 SpaceX mission […]
Read More
Florida discourages use of mRNA Covid vaccines in older adults
Even as the Covid wave in Florida continues, Gov. Ron DeSantis’ administration is once again advising against the mRNA vaccines: this time in the most vulnerable residents. In updated guidance for health care providers released Thursday, the Florida Health Department and state Surgeon General Joseph Ladapo questioned the safety and effectiveness of the mRNA Covid vaccines from Pfizer […]
Read More
Billionaire investor John Paulson says the Fed can ‘move aggressively’ on rate cuts
Billionaire investor and hedge fund veteran John Paulson said Friday that he would like to see the Federal Reserve start big with its rate cuts. The Fed is expected to lower its benchmark interest rate on Wednesday, but traders are split on how big the move will be. The central bankers seem to be deciding […]
Read More
Tesla Semi fire in California took 50,000 gallons of water to extinguish
Tesla Semi. Courtesy: Tesla A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The crash, which occurred on California’s Interstate 80 west of Lake Tahoe, […]
Read More
Stocks often drop in September — but many investors shouldn’t care
Key Points September is historically weak for U.S. stocks. However, long-term investors likely shouldn’t sell out of the market. The seasonal weakness was tied to banking and farming practices before the early 1900s. Nowadays, it’s likely entrenched in investor psychology, experts said. Source
Read More
Here’s what the Boeing strike might mean for flyers
Union members react as Aerospace Machinists District 751 President Jon Holden (out of frame) announces that union members rejected a proposed Boeing contract and will go on strike, following voting results at their union hall in Seattle, Washington, on September 12, 2024. Jason Redmond | Afp | Getty Images Boeing workers went on strike Friday, the latest disturbance […]
Read More
Oracle’s Larry Ellison briefly tops Jeff Bezos to become world’s second-richest person
Larry Ellison, chief technology officer of Oracle (L), and Jeff Bezos, founder and executive chairman of Amazon. Reuters Oracle‘s best week on the stock market since 2021 has bolstered Chairman Larry Ellison’s net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world’s second-richest person. Ellison’s net worth reached $208.4 […]
Read More
Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
Check out the companies making headlines in midday trading. Moderna — Shares of the vaccine maker pulled back more than 3% following a downgrade to underweight from JPMorgan . The firm cited Moderna’s changes to its revenue forecast as a headwind to the stock’s performance moving forward. Oracle – The stock rose nearly 2% after […]
Read More
U.S. lawmakers introduce bill to put regulations on sports betting operators
Sports gambling has exploded across the United States over the past six years and, in response, two lawmakers have introduced legislation that would implement federal regulations on the practice. Rep. Paul Tonko D-N.Y. and Sen. Richard Blumenthal, D-Conn., on Thursday introduced the Supporting Affordability and Fairness with Every Bet, or the SAFE Bet Act, which […]
Read More
Hedge fund billionaire and Trump donor John Paulson says market would ‘crash’ under Harris tax plans
watch now VIDEO6:3506:35 Hedge fund billionaire John Paulson says market would ‘crash’ under Harris tax plans Money Movers Hedge fund billionaire John Paulson, who made a name for himself by betting against the housing market during the financial crisis and who is today a prominent supporter of former President Donald Trump, said there could be a […]
Read More