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 isn't "zero profit" — it posts a $4.9B net loss because it merged with xAI (which owns X/Twitter). The space business is profitable; at ~$1.5T it's ~52% of the entire US aerospace & defense…
From Spice Ships to Slot Machines: How the Stock Market Lost Its Way
The stock market was invented to crowdfund dangerous ocean voyages — now it is a casino where Congress trades on inside information and algorithms front-run your orders in microseconds.