Author: Press Room

New York City Mayor Zohran Mamdani used SpaceX’s historic IPO — and founder Elon Musk’s newly minted status as a trillionaire — to push policy.”Reason #1,000,000,000,000 why we should tax the rich,” Mamdani wrote on X in response to Musk becoming the world’s first trillionaire on Friday.Musk reached the financial milestone after SpaceX stock popped upon hitting the market on Friday, trading at $150 per share, above the company’s initial offering of $135.Already the world’s richest man, the windfall put Musk leagues ahead of the next richest person, Google’s Larry Page, who now has a quarter of Musk’s wealth.Mamdani’s response…

JHVEPhotoWarner Bros. (WBD) rose 0.6% in after-hours trading on a report that the Justice Department’s antitrust division has approved its planned $111 billion sale to Paramount Skydance (PSKY). The decision is expected to be announced on Friday, according to a

Though the crowd was generally pretty bullish on SpaceX, Bryan Winter, an architect who stopped by on his way to work, said that this is “just another bubble.” We were, he said, watching “cult behavior.”Winter, who said he planned to buy some shares nonetheless, told me it wasn’t his first time at an historic New York finance moment. He said he’d brought his then eight-year-old son to the Lehman Brothers building on September 14, 2008, the day before the investment banking giant collapsed.Two 24-year-olds who said they were traders told me they don’t plan to buy any stock, since it’s…

Jun 12, 2026, 3:20 PM ETL3Harris Technologies, Inc. (LHX) Stock, SPIR StockBA, ISSC, ATI, MRCY, AIR, ATRO, TTMI, DCO, BDRBF, SIVR, VVX, SPCX, ONDS, ASLE, SRTA, RTXBy: SA News, SA News EditorAI-generatedSA Spotlight uses AI to summarize content published on Seeking Alpha. All summaries are reviewed by human editors prior to publication.bymuratdenizInvestors Should Know: With the rollout of the SpaceX (SPCX) IPO, investors have become more aware of the potential of space-focused innovation. However, there has long been a convergence between this technology and the defense industry. Areas like missile defense, satellite-based early warning, andSeeking Alpha’s Disclaimer: SA Spotlight summaries…

Seeing massive carvings of former presidents is impressive, but there’s so much more to South Dakota than Mount Rushmore.For example, I loved spending time in Custer State Park, which I believe offers some of the best views in all of the Black Hills. During our visit, we saw coyotes, prairie dogs, bighorn sheep, mountain goats, and hundreds of bison (one even licked our car!)Less than two hours away, we were treated to an entirely different landscape in Badlands National Park, which is dominated by buttes and towering rock spires.There are also tiny museums and fascinating sites tucked away in small…

Graco Inc. declares $0.295 dividend

David Hockney has died at age 88, one month short of his 89th birthday.The iconic British artist, known for his signature bleached blonde hair and colorful, rounded glasses, had a work ethic that kept him creating until the very end of his seven-decade career.”I have to paint, I’ve always wanted to make pictures since I was tiny,” Hockney said in an interview filmed at his home in France in 2019. “That’s my job, I think, making pictures, and I’ve gone on doing it for 60 years, I’m still doing it.”Days before the opening of “David Hockney 25,” a months-long 2025…

Anthropic changed course after a developer backlash this week. The bigger story is what the company is still doing, and why.The startup said it will no longer secretly degrade Fable 5 responses when users ask for help on frontier AI model development. Instead, Anthropic said these requests will be routed to a less-good model, Opus 4.8, and developers will be told.This addresses the freakout over Anthropic essentially giving intentionally worse answers and lying about it. “We apologize,” the company said.But Anthropic is still restricting use of its most powerful public model for certain AI development work. The company says this…

My first cruise was a huge learning experience — especially when it came to packing.This was back in April 2022, when I spent seven nights on Royal Caribbean’s Wonder of the Seas — one of the world’s largest cruise ships — and brought just a carry-on suitcase and a backpack. We sailed out of Fort Lauderdale, Florida, to ports in Honduras, Mexico, and Royal Caribbean’s private island in the Bahamas, Perfect Day at CocoCay.While packing light made the trip easier, I forgot a few key items that would have made it more comfortable and fulfilling. Here’s everything I was thankful…

Facebook and Instagram were suffering from widespread outages on Friday morning.Outage reports spiked on the third-party website DownDetector.com.”We’re aware people are currently having trouble accessing our services,” Meta’s communication director, Andy Stone, said in a post on X. “We’re working on it.” Facebook and Instagram users reported outage issues on DownDetector.com on Friday.  DownDetector Meta’s systems dashboard page also showed “high disruptions” for its Facebook Ads Manager, Messenger API, Messenger platform, and WhatsApp Business Platform on Friday.Meanwhile, users were quick to take to X to complain about the disruptions.”This is the third time Facebook has gone down this week. Every…