Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive
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In this article IBM Arvind Krishna, chief executive officer of International Business Machines Corporation (IBM), wears a protective mask while attending a meeting with U.S. President Joe Biden, not pictured, in the East Room of the White House in Washington, D.C., U.S., on Wednesday, Aug. 25, 2021. Chief executives from across the business world are
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Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
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You might admire Bill Gates’ workhorse mentality or Elon Musk’s brazen attitude and ideas, but also feel conflicted about wealth inequality. Now, psychologists and marketing experts can explain that disconnect. The Ohio State University and Cornell University published new research on Monday showing why people tend to admire individual billionaires, but dislike the socioeconomic class
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VALERIE MACON | AFP | Getty Images When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national
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Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be
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Rupert Murdoch Drew Angerer | Bloomberg | Getty Images SAN JOSE, CALIF. — Theranos sent binders claiming the healthcare company had “the highest levels of accuracy” to high-profile investors, including billionaire Rupert Murdoch, according to court testimony on Tuesday. Elizabeth Holmes once had some of the most powerful business leaders in America backing her start-up,
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In this article BTC.CM= Casino chips decorated with bitcoin logos. Andrey Rudakov | Bloomberg | Getty Images LONDON — The vast majority of traders under 40 are investing in cryptocurrencies and other “high-risk” assets due to a sense of “competition” with friends and family, according to research published by the U.K. financial services watchdog on
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In this article NFLX Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. Christophe Archambault | AFP | Getty Images Netflix is set to report third-quarter earnings after-the-bell on Tuesday. Here’s what analysts are expecting: Earnings per share (EPS):
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Bitcoin on display. Chesnot | Getty Images The first U.S. bitcoin futures exchange-traded fund will launch on Tuesday, a milestone for the cryptocurrency industry, and others may soon follow. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather
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Getty Images There’s a growing emphasis on psychology in financial planning — merging traditional advice with elements of behavioral finance — as advisors explore ways to strengthen client relationships. But it’s always been important, according to firms on CNBC’s annual FA 100 list. Many advisors say there’s a demand for psychology in financial planning expertise,
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An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft
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