Topic: finance
Does This Deal Stink? Trump's Crypto Firm Becomes a Bank
World Liberty Financial — the Trump-family crypto firm — is about to get a federal bank charter from Trump's own OCC appointee. It's legal (the president is exempt from the conflict statute) but a…
The $1.5 Trillion Rocket: Inside the SpaceX IPO Valuation
SpaceX is not a zero-profit company. It posts a $4.9 billion loss because it absorbed xAI; the rocket-and-Starlink business makes money. The $1.75 trillion price is a bet on the future.
From Spice Ships to Slot Machines: How the Stock Market Lost Its Way
The stock market was built to crowdfund dangerous ocean voyages. Four centuries later, half of S&P options expire the same day, buybacks top a trillion dollars a year, and Congress beats the index.