SpaceX trading is set to begin, officially making Tesla and SpaceX CEO Elon Musk a trillionaire. SpaceX is worth more to Musk than Tesla, but which company will turn out more valuable to investors is harder to say. Tesla stock was up 0.2% in premarket trading at $399.86 Friday, while and futures were up 0.4% and 0.5%, respectively.
SpaceX trading is set to begin, officially making Tesla and SpaceX CEO Elon Musk a trillionaire. SpaceX is worth more to Musk than Tesla, but which company will turn out more valuable to investors is harder to say. Tesla stock was up 0.2% in premarket trading at $399.86 Friday, while and futures were up 0.4% and 0.5%, respectively.
Jakarta aims to issue Indonesia’s first municipal bond within a year as part of efforts to diversify city revenue sources following budget cuts. The administration is in talks with the Asian Development Bank and World Bank to prepare the securities, which could be used to finance a variety of infrastructure projects in the pipeline, Jakarta Governor Pramono Anung Wibowo said in an interview with B...
Jakarta aims to issue Indonesia’s first municipal bond within a year as part of efforts to diversify city revenue sources following budget cuts. The administration is in talks with the Asian Development Bank and World Bank to prepare the securities, which could be used to finance a variety of infrastructure projects in the pipeline, Jakarta Governor Pramono Anung Wibowo said in an interview with Bloomberg News on Friday. He declined to specify a funding target. Jakarta has gone back-and-forth over issuing a municipal bond for more than a decade . The plan recently found renewed political vigor after President Prabowo Subianto ’s administration redirected many local budgets toward big-ticket government programs like free meals and village cooperatives. Budget transfers to Jakarta for this year were cut by around 15 trillion rupiah ($839.3 million), equal to about 16% of the initial budget. That compelled Jakarta, which last year overtook Tokyo as the world’s most populous city, to explore other ways of financing public services. Local regulators are tapping private companies for money and are seeking to create a Jakarta wealth fund modeled after sovereign wealth fund Indonesia Investment Authority , Pramono said. The challenge so far is regulatory, considering the Finance Ministry has yet to issue a letter approving both the municipal bonds and the wealth fund, he added. Finance Minister Purbaya Yudhi Sadewa verbally approved Jakarta’s plan to issue municipal notes and create a wealth fund for the city after meeting Pramono in October. “The issue is because, doing this for the first time, everybody doesn’t want to take on the risk of the policy. That’s the problem. But I have told them, the risk is not yours, it’s on Jakarta,” Pramono said. “Sometimes, we just need to be patient.”
A decade after the global craze for Pokémon Go peaked, an AI company has been using billions of real-world images captured by millions of players to develop navigation technologies for delivery robots and possibly military drones. That represents an intriguing but potentially discomfiting legacy for an augmented reality mobile game that has incentivized gamers to capture short smartphone videos of...
A decade after the global craze for Pokémon Go peaked, an AI company has been using billions of real-world images captured by millions of players to develop navigation technologies for delivery robots and possibly military drones. That represents an intriguing but potentially discomfiting legacy for an augmented reality mobile game that has incentivized gamers to capture short smartphone videos of physical neighborhoods and landmarks. The AI company, Niantic Spatial, was spun out of Pokémon Go game developer Niantic in May 2025, after Niantic separately sold its licensed games such as Pokémon Go to the Saudi-backed video game publisher Scopely. But before that deal, Niantic publicly announced plans to use scans from millions of Pokémon Go players along with data captured by users of the company’s Scaniverse app to train and develop a “large geospatial model”—a 3D model of the physical world trained on the geolocated images provided by app users scanning real-world locations. “Ground scans were one component to help train Niantic Spatial's real-world foundation models —AI systems that learn to recognize and interpret physical spaces,” a Niantic Spatial spokesperson told Ars. “The models are the product of that training, not a copy of or a means of accessing the underlying scans, which were of public points of interest such as statues and fountains.” Read full article Comments
(RTTNews) - Invitation Homes Inc. (INVH), a single-family home leasing and management company, on Friday announced that its board of directors declared a quarterly cash dividend
(RTTNews) - Invitation Homes Inc. (INVH), a single-family home leasing and management company, on Friday announced that its board of directors declared a quarterly cash dividend
Welcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, we look at the impact of El Niño on food. Any tips or feedback? Email Agnieszka de Sousa . And if you aren’t yet signed up to receive this newsletter, please do so here . Weather Shock Four centuries ago, Peruvian fishermen noticed plummeting catches as the coastal waters g...
Welcome to the Business of Food newsletter, covering how the world feeds itself in a changing economy and climate. This week, we look at the impact of El Niño on food. Any tips or feedback? Email Agnieszka de Sousa . And if you aren’t yet signed up to receive this newsletter, please do so here . Weather Shock Four centuries ago, Peruvian fishermen noticed plummeting catches as the coastal waters got warmer than usual. It was around Christmas, so they named the occurrence El Niño, or “the little boy” in Spanish, for baby Jesus. The weather phenomenon is back again, leading Peru to already halt anchovy fishing and threatening broader consequences for farming worldwide. This week, scientists identified it in the equatorial Pacific , flagging that it could be one of the strongest on record. (For all the nerdy weather details please read this explainer and subscribe to the Weather Watch .) When it comes to food, El Niño is set to hit crops as the world grapples with the impact of the Iran war. The World Bank warned this week it could push prices above current expectations. So how could it unfold? Staples: For countries like Mozambique and Zimbabwe, the potential for severe drought would hurt corn yields and add to their financial strain. In Australia, wheat output is expected to shrink by more than a quarter just as farmers also contend with higher energy and fertilizer costs. The bigger concern could be south and southeast Asian rice, says Joe Glauber at think tank IFPRI. It’s a thirsty crop and in top exporter India, the monsoon was already pushed back and rainfall is set to be below normal. The last El Niño, in 2023, led the government to curb exports , sending prices soaring. Dessert ingredients: It’s also an issue for sugarcane in India and other parts of Asia, as a well as Brazil. That raises the potential for a global shortfall at a time when more of the sweetener is getting turned into fuel . When El Niño struck last time , it helped shrink cocoa output in top-gr...
Western Digital ( WDC ) has agreed to exchange about 1.04M shares of Sandisk ( SNDK ) stock that it owns for shares of its own stock held by certain institutional investors. The final number of shares exchanged will be based on the average trading prices of both stocks from June 16-18, with the transaction expected to close on June 22, 2026. More on Western Digital, Sandisk Corporation Sandisk: Th...
Western Digital ( WDC ) has agreed to exchange about 1.04M shares of Sandisk ( SNDK ) stock that it owns for shares of its own stock held by certain institutional investors. The final number of shares exchanged will be based on the average trading prices of both stocks from June 16-18, with the transaction expected to close on June 22, 2026. More on Western Digital, Sandisk Corporation Sandisk: The Cycle Is Early, The Re-Rate Is Not (Rating Downgrade) Sandisk Corporation (SNDK) Presents at Mizuho Technology Conference 2026 Transcript Sandisk: Market Has Completely Misread The AI NAND Supercycle Sandisk, Seagate and Western Digital see bullish views at Mizuho on AI-driven memory demand Western Digital to deliver 21.29M shares tied to debt exchange
If your business is not considered a winner from artificial intelligence ( AI ), then it is likely severely underperforming the market. Consider Nu Holdings (NYSE: NU) . The digital banking giant is down 28% this year and 37% from its 52-week high, while the S&P 500 index is up more than 8% in 2026. This creates a bargain-buying opportunity for Nu Holdings stock if investors plan to hold for five ...
If your business is not considered a winner from artificial intelligence ( AI ), then it is likely severely underperforming the market. Consider Nu Holdings (NYSE: NU) . The digital banking giant is down 28% this year and 37% from its 52-week high, while the S&P 500 index is up more than 8% in 2026. This creates a bargain-buying opportunity for Nu Holdings stock if investors plan to hold for five or more years. Here's why shares of Nu Holdings, parent of Nu Bank, look cheap right now, why management agrees, and what returns could look like for the fast-growing bank during the next five years. The core of Nu Bank's business is in Brazil today, where most adults use one of its digital banking products. With increased revenue per customer, the company should see steady growth in its domestic market in the years ahead, with significant profitability. Continue reading
The design, which was conceived in the 70s, became a pop culture staple in the 90s and 00s. Now, thanks to gen Z and anti-Trump sentiment, it’s being embraced once more The biggest faux pas a tourist can make? Dressing like one. Selfie sticks and oversized backpacks fall within this category, but there is one item that has seemingly transcended cringe and entered the realm of cool. The “I heart” T...
The design, which was conceived in the 70s, became a pop culture staple in the 90s and 00s. Now, thanks to gen Z and anti-Trump sentiment, it’s being embraced once more The biggest faux pas a tourist can make? Dressing like one. Selfie sticks and oversized backpacks fall within this category, but there is one item that has seemingly transcended cringe and entered the realm of cool. The “I heart” T-shirt is an instantly recognisable item. While it’s found in every souvenir shop in every major city across the world, there is no place the T-shirt is more associated with than New York. But what would ordinarily be found for sale at a stall on Canal Street for no more than $20 has recently caught the interest of a kitsch-loving, meme generation – and now it is making its way down the catwalk. Continue reading...
Bumper IPO issuance and crazy market volatility should generate very straong trading income for the largst investment banks in the second quarter. JPMorgan makes a short-term trading call on both Goldman and Morgan Stanley
Bumper IPO issuance and crazy market volatility should generate very straong trading income for the largst investment banks in the second quarter. JPMorgan makes a short-term trading call on both Goldman and Morgan Stanley
A Hong Kong district councillor criticised for her links to the former owners’ committee of the fire-ravaged Wang Fuk Court has resigned from her advisory role for another housing estate in Tai Po, following the announcement of a petition. A notice from the incorporated owners of Plover Cove Garden, seen by the South China Morning Post, announced on Friday that Peggy Wong Pik-kiu had resigned from...
A Hong Kong district councillor criticised for her links to the former owners’ committee of the fire-ravaged Wang Fuk Court has resigned from her advisory role for another housing estate in Tai Po, following the announcement of a petition. A notice from the incorporated owners of Plover Cove Garden, seen by the South China Morning Post, announced on Friday that Peggy Wong Pik-kiu had resigned from her honorary adviser role with the housing estate’s incorporated owners’ committee. The...
As investors look for financial stocks that offer both strong market performance and attractive valuations, a select group of companies is standing out across banking, consumer finance, asset management, payments, and insurance. Currently, nine financial stocks combine A-rated valuation grades with strong momentum scores, earning a place among the sector's leading "cheap high flyers." solarseven/i...
As investors look for financial stocks that offer both strong market performance and attractive valuations, a select group of companies is standing out across banking, consumer finance, asset management, payments, and insurance. Currently, nine financial stocks combine A-rated valuation grades with strong momentum scores, earning a place among the sector's leading "cheap high flyers." solarseven/iStock via Getty Images Leading the list is Atlanticus Holdings Corporation ( ATLC ), which earns an A+ momentum grade and an A- valuation grade. The company's combination of powerful price performance and attractive valuation places it among the top-ranked financial stocks in the screen. BCB Bancorp, Inc. ( BCBP ), Galaxy Digital Inc. ( GLXY ), Sezzle Inc. ( SEZL ), and StoneX Group Inc. ( SNEX ) also earn A+ momentum grades, highlighting their strong recent price trends. Among this group, Galaxy Digital stands out with an A+ valuation grade, making it the most undervalued stock on the list. The company is also the largest by market capitalization, valued at approximately $12.97 billion. Further down the rankings, TFS Financial Corporation ( TFSL ) and Universal Insurance Holdings, Inc. ( UVE ) each pair A momentum grades with A- valuation grades, continuing the theme of strong performance combined with attractive pricing. Rounding out the list are Kearny Financial Corp. ( KRNY ) and OptimumBank Holdings, Inc. ( OPHC ), both of which earn A- momentum grades and A- valuation grades. Their inclusion highlights the breadth of opportunities across different corners of the financial sector. Momentum grades measure a stock's price performance relative to its peers and are assigned on a scale from A+ to F, with A+ representing the strongest momentum. Valuation grades use the same scale, with A+ indicating the most undervalued stocks and F representing the most overvalued. The nine financial stocks currently meeting these criteria are: Atlanticus Holdings Corporation ( ATLC ) - Mom...