Taxes are on the ballot this fall as Republicans and Democrats grow further apart on whether to raise them
Missouri voters rejected a bid to ditch the state’s income tax Tuesday, while big votes loom in Florida and California this fall. Source:MarketWatch
Senate vote on the Protect College Sports Act could come this week: What it means for transfers and salary caps
Here’s how the Protect College Sports Act could impact the economics of college sports. Source:MarketWatch
Why AT&T, Verizon and T-Mobile shares are down after SpaceX’s earnings
SpaceX thinks it will be able to build wireless capabilities without massive network investments. Source:MarketWatch
Retail investors are buying the dip on SpaceX’s stock before more shares flood the market
Retail investors were doing what they do best on Wednesday: Buying the dip in SpaceX shares aggressively, even as the company’s stock sank after it released…
SolarEdge’s stock is shedding a quarter of its value as sales woes trump AI progress
The company faces challenges in Europe, which led to a weakerthanexpected revenue forecast. Source:MarketWatch
How Ozempic maker Novo Nordisk blew its lead in GLP-1 weight-loss drugs. Can Europe compete in the high-stakes global economy?
The Danish company developed the most lucrative new drug the world had ever seen. Then America’s Eli Lilly outmaneuvered it and took control of the dietdrug…
Alphabet’s stock drops as Google loses another key AI executive
Jeff Dean, Google’s chief scientist and one of its company’s first employees, is leaving to launch his own company. Source:MarketWatch
5 things investors should know about the stock market’s latest rapid-fire comeback
What a difference a week makes. The S&P 500 has surged more than 6% over the past five days, its biggest gain since last year’s tariff tantrum.…
SpaceX’s stock falls as Wall Street gets spooked by the extent of AI spending
Morgan Stanley expects $64 billion in capital spending from SpaceX this year. The company is dramatically ramping up AI investments. Source:MarketWatch
Nvidia’s stock is basking in the glow of a high-profile endorsement
SpaceX CEO Elon Musk said his company will only use Nvidia’s chips to build its AI. Source:MarketWatch
Shopify’s stock heads for best day in a year after the company ‘left no doubt’ about its growth trajectory
The company is keeping costs in check while signaling upbeat growth trends, analysts say. Source:MarketWatch
It’s the worst time in years to invest in AI credit markets: ‘Almost no upside and plenty of downside’
Researchers at Andromeda Capital Management are worried about the uncertain return on investment for investors who are financing the AI capex bonanza.…