The rich keep spending money on ‘unapologetic luxury’ — and it’s raising prices on everyday goods for everyone
The wealthy are unfazed by inflation, and that could complicate the Fed’s ability to fight it.
Last updated: 2026-06-13 22:48:20 ET
The wealthy are unfazed by inflation, and that could complicate the Fed’s ability to fight it.
Editor’s note: This article has been updated to correct SpaceX’s market cap comparison with other large U.S. companies. Space Exploration Technolo...
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
Investors will get their first chance to trade shares of Elon Musk's space company after the market opens at 9:30 a.m. ET.
The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.
Oil prices fell on Friday after U.S. President Donald Trump said Washington had reached a framework agreement with Iran, raising hopes that tensions in the Middle East could ease.
SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.
Convicted killer Karmelo Anthony claims he is broke and cannot afford a lawyer despite his family raising more than $635,000 through a crowdfunding ca...
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbotA former engineer at Elon Musk�...
Editor’s note: This article was updated to add more details and context. Producer prices accelerated further in May as the Strait of Hormuz energy s...
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