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Elon Musk photographed at SpaceX in Brownsville, Texas. Marvin Joseph | Washington Post | Getty ImagesThe world’s richest man is on the verge of becoming a billionaire. SpaceX CEO Elon Musk owns $866.5 billion worth of shares in the reusable rocket maker on paper, according to the company’s latest IPO prospectus released Wednesday. SpaceX said it plans to price its upcoming IPO at $135 per share, valuing it at about $1.77 trillion. For Musk, 54, the SpaceX proposal scheduled for next week comes 16 years after he took office. tesla public. He currently owns about $355 billion worth of stock…
Russian airstrikes have increased enormously in recent months, hitting Ukraine with more drones and faster missiles than ever before, as the Russian military struggles to make meaningful progress on the ground. This massive attack is designed to overwhelm Ukraine’s air defenses, with waves of cheap drones, then fast-moving ballistic missiles, then cruise missiles coming in quick succession in a series of carefully planned attacks to inflict maximum damage. Experts say the “overwhelm” approach allows more missiles to pass. Ukrainian officials said Tuesday’s latest attack also included eight high-velocity Zircon missiles, nearly impossible to shoot down and powerful enough to destroy…
sabrina carpenter You’re dealing with a scary situation. The “Espresso” singer was granted a temporary restraining order on June 1 against a man she claims stalked her and tried to break into her home. News, 31, according to court documents obtained by E! william applegate She is prohibited from coming within 100 yards of Carpenter and her sister. sarah carpenter and her partner george smithboth of whom live in a Hollywood Hills home with the Grammy Award winner. The restraining order also prohibits Applegate from coming near Carpenter’s workplace or vehicle. A hearing is scheduled for June 17, at which…
FIFA previously allowed the use of empty, clear, reusable plastic bottles inside World Cup stadiums, but has now said they are prohibited under updated regulations.Published June 4, 2026June 4, 2026FIFA has announced that fans at the 2026 World Cup will not be allowed to bring reusable water bottles into venues due to safety concerns, after making last-minute changes to stadium codes of conduct.As recently as last month, FIFA had allowed empty, clear, reusable plastic bottles up to 1 liter (1 quart) inside stadiums, but it announced Thursday that they would be prohibited under updated regulations that took effect from Tuesday.Recommended…
(This is CNBC’s Power Insider newsletter, giving you an inside look at the investments, people and companies that power the global energy industry. Click here to subscribe.)power pointWhat we heard from energy stakeholdersWhy are oil prices so far from their recent highs, even though there are still so many issues surrounding Iran and the Strait of Hormuz?This is the question I get asked most often these days, and the immediate response is usually, “But oil prices can’t keep going down, can they?” My take → I suspect these questions are coming from people who are secretly long oil and are…
group of Amazon Engineers appeared at a Seattle City Council hearing on Wednesday to support efforts to regulate the development of giant AI data centers in the region, which are being built while employers are conducting mass layoffs. “Amazon is reportedly spending $200 billion in capital this year, most of it going to data centers and AI,” Patrick Schlosser, a software engineer at Amazon Web Services, said at the hearing. “Microsoft is spending $190 billion. Meanwhile, leaders at my company have laid off 30,000 employees in the past eight months. What this tells us is that big tech companies are…
Why gentle face wash is important One of the biggest mistakes people make after a microneedling treatment is to jump back into their normal skin care routine. Because your skin is actively healing, it’s more sensitive than usual and can be easily irritated by harsh actives like exfoliating acids, retinoids, oils, and scented products. If you receive microneedling treatment with PRP or PRF, some health care providers recommend not washing your face for up to 24 hours to give the growth factors and topical medications applied to your skin more time to absorb and work effectively. Always follow your healthcare…
ADP reported on Wednesday that private employment expanded at a rapid pace in May, providing further evidence of labor market stability.The payroll firm said companies added 122,000 employees in the month, up from 105,000 in April and above the Dow Jones consensus estimate of 110,000. May was the strongest month since January 2025. April’s total was revised downward by 4,000 cases.Unlike last month, when job growth was concentrated in health care and a few other sectors, the increase was more widespread. Eight of the 10 sectors in the ADP track saw increases, with employment spread evenly across both company size…
Investors chasing Asia’s rise in artificial intelligence may want to look past the region’s strongest stock market and consider Japan instead, Barclays said. South Korea and Taiwan have emerged as the biggest beneficiaries of the AI-driven semiconductor boom, but their stock markets are increasingly concentrated in a handful of chip makers, making them more vulnerable to fluctuations in technology cycles, Barclays strategist Ajay Rajadhyaksha said in a recent note. “The best value in AI may be hiding in Tokyo,” he said, noting that the Japanese market provides exposure to multiple parts of the AI supply chain without relying on a…
According to a joint statement released on Wednesday, Israel and Lebanon agreed to “implement a ceasefire,” conditioned on the “complete cessation” of Hezbollah shelling and the removal of all Hezbollah operatives from southern Lebanon. However, the status of negotiations between the US and Iran remains unclear. Here are the latest updates for the region: Mixed messages over U.S.-Iran talks: President Donald Trump said Wednesday that talks with Iran were progressing “very well,” but Iranian Foreign Minister Abbas Araghchi said there had been no “remarkable progress” in recent days. Ceasefire ‘must include Lebanon’: Iranian Foreign Minister Araghchi says the US-Israel war…