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On June 12, Elon Musk’s Space Exploration Technologies (SPCX -4.80%) completed the largest initial public offering (IPO) in history. SpaceX stock initially opened on the Nasdaq at $150, valuing the company at north of $2 trillion. Just weeks later — on July 7 — the company was fast-tracked into the Nasdaq-100 index. Let’s analyze how…
Trilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028. Multihousing News reports the financing is in the form of…
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The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
Zeplyn, which provides an AI operating system for wealth management firms has launched Advisor Coaching, a capability that automatically evaluates and scores advisor-client conversations and delivers actionable feedback without requiring managers to review transcripts manually. The capability, now available at the organizational level for Zeplyn customers, analyzes client conversations against a customizable scoring rubric and…
S&P Global surveys find rising inflation and supply woes.
AI has become good at producing polished writing, answering questions, and generating ideas in seconds. But John Nosta, an innovation theorist and founder of the think tank Nostalab, worries the technology could gradually crowd out the rare, original thinking that has historically driven humanity’s biggest breakthroughs. Nosta compares human thinking to a bell curve. Most…
Shares of the software company Figma (FIG +3.45%) tumbled 16.5% this week, according to data provided by S&P Global Market Intelligence, as investors continue to worry that artificial intelligence companies will disrupt software stocks. Figma reports its second-quarter results early next month, and investors don’t appear eager to wait around and find out how the…
Bitcoin (BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Key points: Bitcoin price downside pressure mounts on the back of multiple macro headwinds. US bond yields further a hawkish pivot in Fed interest-rate expectations. BTC price analysis sees a Binance “plunge protection team” attempting to shore…