Hi, it’s Tim LeeMaster in New York, looking ahead to the hotly-anticipated public filing by Elon Musk’s SpaceX, which could land today. Elsewhere, Blackstone abandons its pursuit of German media group Stroeer. Today’s top stories James Murdoch agrees to buy New York magazine, Vox podcasts. Bankers ready Paramount’s $49 billion Warner Bros. debt sale. KKR and ECP weigh increasing offer for energy g...
Hi, it’s Tim LeeMaster in New York, looking ahead to the hotly-anticipated public filing by Elon Musk’s SpaceX, which could land today. Elsewhere, Blackstone abandons its pursuit of German media group Stroeer. Today’s top stories James Murdoch agrees to buy New York magazine, Vox podcasts. Bankers ready Paramount’s $49 billion Warner Bros. debt sale. KKR and ECP weigh increasing offer for energy group DCC. Cleveland Browns to sell stake to private equity at $9 billion valuation. Elliott ramps up its AI efforts with key hire from Blackstone. Lift off Financial markets are eagerly awaiting the expected S-1 filing of Elon Musk’s SpaceX today. The deal is the first in a clutch of what will potentially be the largest IPOs in history. As we wait, here are five things to watch out for when the filing drops. 1) This is going to be a big fee event on Wall Street. But just which banks are actually on board—at least 21 have been reported—and what will the exact pecking order be? Goldman Sachs and Morgan Stanley are said to be the lead firms, with Bank of America, Citigroup and JPMorgan among others involved. Also, what exchange will its shares trade on? Nasdaq is expected. 2) How much of the listed firm will Musk actually control? As Ryan Gould and Ed Ludlow revealed, SpaceX is considering the dual-class share structure common with Silicon Valley firms, which would allow Musk to outvote other investors, even with a minority stake. Google is another major shareholder, and Valor Equity Partners, Sequoia and Andreessen Horowitz are also among SpaceX’s backers. 3) How much will go to cornerstone investors? These usually high-profile, well-known firms can take up a significant chunk of an offering. That’s both to attract other investors that may be on the fence and to ensure all the shares available are taken up. 4) Related to the cornerstones is just how much of the deal will be offered to the masses, aka retail investors? Previous reports have said as much as 30%. Cornerstone tra...
Whether you’re heading out for a quick Memorial Day getaway or preparing for summer travel, a reliable power bank can come in handy when there’s no outlet in sight. Fortunately, Anker’s Laptop Power Bank can keep all your essential gadgets charged, and it’s currently on sale at Amazon , Best Buy , and Walmart for $95.99 ($24 off) , which is the best price we’ve seen this year and the lowest since ...
Whether you’re heading out for a quick Memorial Day getaway or preparing for summer travel, a reliable power bank can come in handy when there’s no outlet in sight. Fortunately, Anker’s Laptop Power Bank can keep all your essential gadgets charged, and it’s currently on sale at Amazon , Best Buy , and Walmart for $95.99 ($24 off) , which is the best price we’ve seen this year and the lowest since Black Friday. Anker Laptop Power Bank Where to Buy: $119.99 $95.99 at Amazon $119.99 $95.99 at Walmart $119.99 $95.99 at Best Buy Despite weighing as much as a water bottle, the 25,000mAh / 90Wh power bank can charge up to four devices at once via three USB-C ports and a lone USB-A port, so you won’t need to pack multiple chargers. It also meets airline carry-on requirements and features a retractable 2.3-foot USB-C cable, along with a second USB-C cable that conveniently doubles as a carrying strap, so you have fewer accessories to worry about when packing. What really makes it stand out, though, is its power. It delivers up to 100W from a single USB-C port, meaning it can quickly charge beefy laptops, including Apple’s M5-powered MacBook Pro . It can also deliver up to 165W when charging two USB-C devices simultaneously, or 130W when using all four ports, allowing you to quickly top off your electronics when you’re short on time. As a nice extra, it also features a real-time display, which makes it easy to see how much battery remains and whether your devices are actually charging at full speed. window.HYPE_DESK_CONFIG = { productImageUrl: "https://platform.theverge.com/wp-content/uploads/sites/2/2026/05/corsair_047038.jpg", productImageAlt: "Corsair VENGEANCE a7500", productTitle: "Corsair VENGEANCE a7500", shortDescription: "Top-tier gaming hardware at its best price yet.", longDescription: "The Vengeance a7500 is the kind of desktop that makes everything else feel slow. Built around two of the best chips available in a gaming PC right now, it handles 4K gaming, demandi...
A $40,000 annual income is often enough for a 62-year-old retiree living modestly while bridging the five years until full Social Security benefits begin at 67. The challenge is generating that income entirely from dividends without selling shares or steadily drawing down principal. The core equation is simple: divide the target income by the portfolio’s yield ... How Much Do You Really Need Inves...
A $40,000 annual income is often enough for a 62-year-old retiree living modestly while bridging the five years until full Social Security benefits begin at 67. The challenge is generating that income entirely from dividends without selling shares or steadily drawing down principal. The core equation is simple: divide the target income by the portfolio’s yield ... How Much Do You Really Need Invested to Replace a $40,000 Salary at 62 and Bridge the Five Years Until Social Security at 67?
By Jonathan Stempel NEW YORK, May 20 (Reuters) - A U.S. appeals court on Wednesday rejected a whistleblower's claim that Amazon.com helped foreign fur manufacturers evade tariffs on products sold on its platform, hurting domestic rivals. The 2nd U.S. Circuit Court of Appeals found no proof that Amazon knew or deliberately ignored that foreign manufacturers paid artificially low tariffs by under...
By Jonathan Stempel NEW YORK, May 20 (Reuters) - A U.S. appeals court on Wednesday rejected a whistleblower's claim that Amazon.com helped foreign fur manufacturers evade tariffs on products sold on its platform, hurting domestic rivals. The 2nd U.S. Circuit Court of Appeals found no proof that Amazon knew or deliberately ignored that foreign manufacturers paid artificially low tariffs by understating the value of their shipments, and that the manufacturers evaded U.S. Fish and Wildlife Service inspection fees by omitting required forms and shipping through ports not overseen by that agency. Mike Henig, the owner of Montgomery, Alabama-based Henig Furs, said Amazon should have realized the foreign manufacturers were able to charge below-market prices by fraudulently avoiding import tariffs and fees between 2007 and 2024, and violated the False Claims Act by shortchanging the federal government. But the New York-based appeals court said there could have been an "innocent explanation" for the lower prices, such as economies of scale or lower labor costs. "Below-market prices alone are therefore insufficient in this case to show that Amazon was aware of a substantial risk that the foreign manufacturers were submitting false claims," Circuit Judge Jose Cabranes wrote for a unanimous three-judge panel. The decision upheld a lower court judge's January 2025 dismissal. Amazon is regularly sued by customers and businesses that seek to hold it responsible for the conduct of sellers on its platform. The Seattle-based retailer's revenue in 2025 surpassed that of Walmart, long the world's largest retailer by revenue. Lawyers for Henig did not immediately respond to requests for comment. Amazon and its lawyers did not immediately respond to similar requests. Amazon has also faced other litigation over tariffs. On Friday, consumers filed a proposed class action accusing Amazon of failing to refund costs passed on to them in the form of higher prices, and which r...
Key Points Lido Advisors added nearly 3.9 million shares of the Invesco BulletShares 2027 Corporate Bond ETF (BSCR) in Q1 2026, with an estimated transaction value of $76.0 million. This purchase brings Lido's total BSCR stake to more than 70 million shares, valued at approximately $1.4 billion. After the purchase, BSCR is Lido's second-largest position, representing 4.3% of the firm's assets unde...
Key Points Lido Advisors added nearly 3.9 million shares of the Invesco BulletShares 2027 Corporate Bond ETF (BSCR) in Q1 2026, with an estimated transaction value of $76.0 million. This purchase brings Lido's total BSCR stake to more than 70 million shares, valued at approximately $1.4 billion. After the purchase, BSCR is Lido's second-largest position, representing 4.3% of the firm's assets under management (AUM). With a December 2027 maturity date, a 4.29% dividend yield, and a low 0.1% expense ratio, BSCR offers investors a defined-timeline, low-cost way to access investment-grade corporate bonds. 10 stocks we like better than Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2027orate Bond ETF › What happened According to a recent SEC filing, Lido Advisors, LLC, increased its holding in the Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) by 3,854,896 shares during the first quarter of 2026. Based on the average share price during the quarter, the estimated transaction value was approximately $76.0 million. What else to know After the purchase, BSCR accounts for 4.3% of Lido Advisors' 13F reportable assets under management -- making it the firm's second-largest holding. Top holdings after the filing: NYSE: SPY: $2.8 billion (11.0% of AUM) NASDAQ: BSCR: $1.4 billion (4.3% of AUM) NASDAQ: BSCQ: $1.0 billion (4.1% of AUM) NASDAQ: AAPL: $944.0 million (3.7% of AUM) NASDAQ: NVDA: $929.4 million (3.7% of AUM) As of May 19, 2026, BSCR shares were trading at $19.60, up about 4.5% over the past year -- trailing the S&P 500 by roughly 20 percentage points, and underperforming its Target Maturity category benchmark by roughly 0.2 percentage points. ETF overview Metric Value AUM $4.6 billion Dividend yield 4.29% Expense ratio 0.10% 1-year return (as of 5/19/26) 4.51% ETF snapshot The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is a target-maturity bond fund. The fund's time-defined structure appeals to investors seeking predictable ca...
What happened According to a recent SEC filing, Lido Advisors, LLC, increased its holding in the Invesco BulletShares 2027 Corporate Bond ETF (BSCR +0.05%) by 3,854,896 shares during the first quarter of 2026. Based on the average share price during the quarter, the estimated transaction value was approximately $76.0 million. What else to know After the purchase, BSCR accounts for 4.3% of Lido Adv...
What happened According to a recent SEC filing, Lido Advisors, LLC, increased its holding in the Invesco BulletShares 2027 Corporate Bond ETF (BSCR +0.05%) by 3,854,896 shares during the first quarter of 2026. Based on the average share price during the quarter, the estimated transaction value was approximately $76.0 million. What else to know After the purchase, BSCR accounts for 4.3% of Lido Advisors' 13F reportable assets under management -- making it the firm's second-largest holding. Top holdings after the filing: NYSE: SPY: $2.8 billion (11.0% of AUM) NASDAQ: BSCR: $1.4 billion (4.3% of AUM) NASDAQ: BSCQ: $1.0 billion (4.1% of AUM) NASDAQ: AAPL: $944.0 million (3.7% of AUM) NASDAQ: NVDA: $929.4 million (3.7% of AUM) As of May 19, 2026, BSCR shares were trading at $19.60, up about 4.5% over the past year -- trailing the S&P 500 by roughly 20 percentage points, and underperforming its Target Maturity category benchmark by roughly 0.2 percentage points. ETF overview Metric Value AUM $4.6 billion Dividend yield 4.29% Expense ratio 0.10% 1-year return (as of 5/19/26) 4.51% ETF snapshot The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is a target-maturity bond fund. The fund's time-defined structure appeals to investors seeking predictable cash flows and a known maturity date, distinguishing it from perpetual bond funds. Tracks the Invesco BulletShares Corporate Bond 2027 Index, providing exposure to a diversified portfolio of U.S. dollar-denominated, investment-grade corporate bonds with effective maturities in 2027. Holdings are rebalanced monthly, and the fund is set to mature in December 2027, at which point assets are distributed to shareholders -- offering investors a known end date and more predictable cash flows. The fund carries a 0.1% expense ratio, making it one of the more cost-efficient ways to access this corner of the bond market. What this transaction means for investors Lido Advisors is a large investment advisor managing tens of billions in ...
Russian President Vladimir Putin left Beijing with no sign of a breakthrough on a natural gas pipeline project with the potential to reshape global energy flows and geopolitics. Russia has been trying for years to reach a deal on the Power of Siberia 2 link that would more than double its current gas exports to China. Putin’s state visit to the capital was expected to feature discussions as the St...
Russian President Vladimir Putin left Beijing with no sign of a breakthrough on a natural gas pipeline project with the potential to reshape global energy flows and geopolitics. Russia has been trying for years to reach a deal on the Power of Siberia 2 link that would more than double its current gas exports to China. Putin’s state visit to the capital was expected to feature discussions as the Strait of Hormuz’s de-facto closure cast doubt on the long-term reliability of seaborne liquefied natural gas. “There is an understanding regarding all the key parameters for Power of Siberia 2,” Kremlin spokesman Dmitry Peskov told Russian media in Beijing. “There are just some details left to be finalized,” he said, adding that the timeframe for the link has not been determined. While Peskov called this “quite a big achievement,” in fact, officials in Moscow have been making similar statements for years. Such key details as pricing and volume flexibility for Power of Siberia 2 have yet to be decided and so far have proven to be stumbling blocks. Gazprom has said it would sell to China at prices lower than what the remaining clients in Europe pay. But China is wary of becoming overly dependent on a single gas supplier, and Russia is already one of its top energy sources. Discussions have accelerated since September , when Russia’s Gazprom PJSC said it signed a legally binding agreement to construct the link. China didn’t confirm a deal then, but in March said it aimed to make progress on a Russian gas pipeline during its five-year plan through 2030. The link would ship as much as 50 billion cubic meters a year from gas fields in western Siberia that until a few years ago had served dozens of European customers. That’s equivalent to more than 10% of current Chinese demand. The conduit would cross Mongolia. Read More: Why Iran War Is a Boost for Russia-China Gas Pipeline: Explainer The project would complement the existing Power of Siberia pipeline — which has a different traj...
Treasuries surged on investor optimism that the US and Iran were nearing a deal that could ease a rise in global energy prices. The rally pushed yields on two- to 10-year Treasuries lower by around 10 basis points on Wednesday after a White House pool report that US President Donald Trump said the US was in the “final stages” of talks with Iran. The Bloomberg Dollar Spot Index fell 0.3%. Trump sai...
Treasuries surged on investor optimism that the US and Iran were nearing a deal that could ease a rise in global energy prices. The rally pushed yields on two- to 10-year Treasuries lower by around 10 basis points on Wednesday after a White House pool report that US President Donald Trump said the US was in the “final stages” of talks with Iran. The Bloomberg Dollar Spot Index fell 0.3%. Trump said “we’ll see what happens” with Iran, adding that a deal will be made or “we’re going to do some things that are a little bit nasty, but hopefully that won’t happen,” according to the pool report. Read more: Trump Says US in ‘Final Stages’ of Talks With Iran: Pool Report Bond markets have been under pressure ever since the US and Israel attacked Iran in late February. With the Strait of Hormuz — a critical chokepoint for global energy flows — effectively closed, energy prices have surged, fanning inflationary pressures and sending yields soaring. That’s left investors on tenterhooks for a potential resolution to the conflict.
Nvidia's quarterly report after the bell Wednesday is the most anticipated of the earnings season. Yet, what the chipmaker says regarding graphic processing unit sales in China could have a bigger impact on how the stock trades. U.S. trade authorities approved about 10 Chinese companies as customers for Nvidia's second-most powerful H200 GPU chip, news agency Reuters reported on Thursday. No deliv...
Nvidia's quarterly report after the bell Wednesday is the most anticipated of the earnings season. Yet, what the chipmaker says regarding graphic processing unit sales in China could have a bigger impact on how the stock trades. U.S. trade authorities approved about 10 Chinese companies as customers for Nvidia's second-most powerful H200 GPU chip, news agency Reuters reported on Thursday. No deliveries have been confirmed, and it's not clear whether the 10 firms have been cleared by Chinese trade authorities to make the purchases, though three internet companies in China were reportedly allowed to purchase the chips earlier this year . CEO Jensen Huang, who traveled last week to Beijing with President Donald Trump earlier this month, said Monday he believes the Chinese market will reopen to Nvidia after remarking last year that the company's Chinese market share had dropped to zero. "The Chinese government has to decide how much of their local market they want to protect," Huang said in an interview with Bloomberg News on Monday. "My sense is that over time the market will open." Trump said Friday China hasn't allowed purchases of the H200s "because they chose not to, they want to develop their own." "But it did come up and I think something could happen on that." The specifics of that timing are of keen interest to investors and analysts "H200 sales into China will be an important watch item," Kevin Cassidy wrote Tuesday for Rosenblatt Securities, seeing it "less as a revenue-magnitude story and more strategic in Chinese AI developers standardized on Nvidia GPUs." Analysts for Truist are also keeping their eye on sales into China, noting the uncertainty about whether Chinese customers had gotten licenses from Chinese trade authorities. "Sales to China remain a significant upside potential that we believe remains a potential, for now," Truist analyst William Stein wrote on Monday. "We do not believe these customers have been awarded import licenses from the Chinese ...
Toyota (TM +1.90%) doesn't get applauded enough for standing its ground years ago, while other global automakers touted tens of billions of dollars in electric vehicle (EV) investments. Those investments turned out poorly in some cases, including Ford Motor Company (F +1.42%), which took massive write-offs for overestimating the EV market. Despite Toyota standing strong in support of a multi-prong...
Toyota (TM +1.90%) doesn't get applauded enough for standing its ground years ago, while other global automakers touted tens of billions of dollars in electric vehicle (EV) investments. Those investments turned out poorly in some cases, including Ford Motor Company (F +1.42%), which took massive write-offs for overestimating the EV market. Despite Toyota standing strong in support of a multi-pronged approach that shows a lot of love for hybrid vehicles, it still faces tariff challenges in its historically strong profit engines. Toyota has plans, however, and it looks to include a new factory that would help its North America business in a few ways. Is Toyota expanding in Texas? While full details about Toyota's potential upcoming Texas plant are undisclosed, more than a hint of what could be coming has leaked, and investors can discern its importance from what has been reported. Toyota filed for tax incentives in Texas for a $2 billion assembly plant next to its existing San Antonio truck factory. According to the filing, the new factory would add roughly 2,000 jobs and become Toyota's sixth U.S. assembly site, with production slated for 2030. Toyota's current North America business is challenging. On one hand, the automaker recorded U.S. sales topping 2.5 million vehicles last year for the first time since 2007. On the other hand, in part due to a massive tariff bill, the automaker's North American profit engine flipped to a loss in fiscal 2025. One challenging aspect of Toyota's business in the U.S. is that it's already operating at record plant efficiency levels. That means there's not much room for additional production capacity, new vehicle lines, or expanding output. Expand NYSE : TM Toyota Motor Today's Change ( 1.90 %) $ 3.52 Current Price $ 188.99 Key Data Points Market Cap $242B Day's Range $ 186.31 - $ 189.57 52wk Range $ 167.18 - $ 248.90 Volume 80K Avg Vol 372K Gross Margin 16.72 % Dividend Yield 1.55 % At a time when Toyota is selling well in the U.S.,...
President Trump’s namesake cellphone provider and smartphone maker Trump Mobile is leaking customer data, including mailing addresses and email addresses, according to reports. On Tuesday, YouTubers Coffeezilla and penguinz0, who both said they ordered Trump Mobile’s gold-colored T1 phone, said they had been alerted by a researcher who found the exposed data online. “I know that because sadly I am...
President Trump’s namesake cellphone provider and smartphone maker Trump Mobile is leaking customer data, including mailing addresses and email addresses, according to reports. On Tuesday, YouTubers Coffeezilla and penguinz0, who both said they ordered Trump Mobile’s gold-colored T1 phone, said they had been alerted by a researcher who found the exposed data online. “I know that because sadly I am one of those customers whose mailing address, email address, you know, everything short of credit card number is being leaked,” said Coffeezilla, who has risen to fame investigating crypto scams. “Do not order on trumpmobile.com unless you’re ready for your information to be leaked. It’s basically that bad.” The two Youtubers said they ordered the T1 smartphone out of curiosity, not because they support the President and his business endeavors. Now, like other Trump Mobile customers, their information has been leaked. They both said they were alerted of the leak by a source, who shared their personal information to prove they really had access to it. The researcher told them they were not able to get a hold of anyone at Trump Mobile, so the issue isn’t fixed yet. “All of us have been met with radio silence,” penguinz0 said. Both YouTubers did not explain how hackers could access the data because they said it was very easy to do that, and the data is still available online. Trump Mobile did not respond to TechCrunch’s request for comment. Contact Us Do you have more information about the leak of Trump Mobile’s customers’ data? From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Telegram and Keybase @lorenzofb, or Do you have more information about the leak of Trump Mobile’s customers’ data? From a non-work device, you can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Telegram and Keybase @lorenzofb, or email . According to the unique IDs in the leak, Coffeezilla said, it ap...
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) reports first-quarter results after the close on Wednesday, and analysts have a long list of things they want to hear about -- from a potential blockbuster buyback to the rollout of its next-generation chips. Wedbush fully expects Nvidia to again exceed...
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) reports first-quarter results after the close on Wednesday, and analysts have a long list of things they want to hear about -- from a potential blockbuster buyback to the rollout of its next-generation chips. Wedbush fully expects Nvidia to again exceed...