“Mark my words: in 36 months, probably closer to 30 months, the most economically compelling place to put AI will be space.” Elon Musk said that on a podcast last week. He meant it literally. His $1.25 trillion plan to fold xAI into SpaceX rests on a single audacious claim: that fleets of solar-powered satellites,… Continue reading AI moves to space in 30 months, claims Musk, but what does physics say?
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Trump’s tariffs are gone: is a tech-led breakout now in play?
For over a year, Big Tech quietly absorbed one of the most disruptive cost pressures in recent memory: import tariffs that snaked through every layer of its supply chain. On Friday, the US Supreme Court pulled the plug. In a 6-3 ruling, Chief Justice John Roberts declared that President Trump’s sweeping tariffs, imposed using emergency… Continue reading Trump’s tariffs are gone: is a tech-led breakout now in play?
Intuit stock crash raises stakes ahead of earnings report
Intuit stock price remains in a freefall this month and is now hovering at its lowest level since March 2023. INTU was trading at $380, down by over 52% from its highest point in July last year. This retreat has pushed its market capitalization from over $224 billion to $109 billion. So, will the stock… Continue reading Intuit stock crash raises stakes ahead of earnings report
Russian oil smuggling network exposed by email server leak: report
A technical error uncovered a large network of companies allegedly involved in moving Russian oil while avoiding sanctions, according to a Financial Times investigation. The discovery centres on a private email server, mx.phoenixtrading.ltd, used by hundreds of domains linked to oil trading entities. Investigators traced connections between domain registrations, customs filings, and shipping records, revealing… Continue reading Russian oil smuggling network exposed by email server leak: report
Why did private credit stocks slide, and what’s up at Blue Owl?
Shares of major private investment managers slid sharply on Thursday after Blue Owl Capital’s decision to permanently restrict investor withdrawals from one of its retail-focused debt funds reignited concerns about liquidity risks in the fast-growing private credit industry. The sell-off underscored investor unease that limits on redemptions could spread to other private credit vehicles, particularly… Continue reading Why did private credit stocks slide, and what’s up at Blue Owl?
Steve Cohen leads hedge fund rich list with $3.4B payday
Steve Cohen, owner of the New York Mets and founder of Point72 Asset Management, earned $3.4 billion in 2025, making him the world’s highest-paid hedge fund manager, according to Bloomberg. The figure translates to more than $9 million per day. It comes during a difficult period for Cohen’s baseball team, which struggled through the 2025… Continue reading Steve Cohen leads hedge fund rich list with $3.4B payday
S&P and Dow Jones futures fall as Trump tariffs revive uncertainty
US stock index futures declined on Monday as investors reacted to renewed tariff uncertainty after US President Donald Trump announced a new 15% global duty, even after a Supreme Court ruling struck down most of his earlier levies. The Supreme Court, in a 6–3 decision on Friday, voided a large portion of tariffs imposed last… Continue reading S&P and Dow Jones futures fall as Trump tariffs revive uncertainty
Novo stock drops 15% as obesity drug falls short in key trial
Shares of Novo Nordisk fell sharply after the company said its next-generation obesity drug CagriSema delivered weaker weight-loss results than a rival treatment from Eli Lilly and Company. Novo said on Monday that patients treated with a standard dose of CagriSema achieved average weight loss of 20.2% after 84 weeks, compared with 23.6% for Lilly’s… Continue reading Novo stock drops 15% as obesity drug falls short in key trial
Rolls-Royce share price targets 1,500p ahead of earnings and buyback
Rolls-Royce share price continued soaring last week and reached a record high as market participants waited for its financial results. It jumped to 1,353p, up by 120% in the last 12 months, bringing its market capitalization to over $152 billion. This rally may continue this week as it releases its financial results. Rolls-Royce Holdings to… Continue reading Rolls-Royce share price targets 1,500p ahead of earnings and buyback