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SpaceX IPO Could Mint Musk World’s First Trillionaire
The Wall Street Journal84d agoneutral
SpaceX IPO Could Mint Musk World’s First Trillionaire

Elon Musk could pass an unthinkable wealth threshold, becoming the world’s first trillionaire, depending on investors’ excitement for SpaceX shares when it goes public. If the company surpasses a valuation of about $1.7 trillion, then Musk’s slightly more than 40% stake, combined with his Tesla shares, would make him the first man with a net worth eclipsing 13 figures. The calculation omits restricted shares that SpaceX has granted to Musk, but which haven’t been earned, though it includes options he could exercise shortly.

The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit
24/7 Wall St.87d agoneutral
The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

A 58-year-old engineer in Palo Alto, married filing jointly, earns $750,000 a year, has already stuffed $4 million into 401(k)s and IRAs, and parks another $1.2 million in a brokerage account that holds a single S&P 500 fund. The 401(k) is maxed. The mega backdoor Roth is maxed. The next tax dollar saved has to ... The $40,000 Tax Move That Comes After Your 401(k) Hits Its Limit

Stocks Slide as Inflation Fears Lift Bond Yields
Barchart89d agoneutral
Stocks Slide as Inflation Fears Lift Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...

Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
Reuters90d agoneutral
Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says

May 14 () - A Texas jury on Wednesday found Exxon ‌Mobil not liable on claims ‌it defrauded investors through disclosures tied to ​its Canadian oil sands and Rocky Mountain gas operations. • The 2016 lawsuit alleged Exxon concealed that its ‌Canadian bitumen ⁠operations were losing money, failed to properly incorporate carbon-cost ⁠assumptions into reserve valuations, and delayed recognizing impairment charges tied to ​Rocky Mountain ​dry gas ​assets.

Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
Reuters90d agoneutral
Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says

May 14 () - A Texas jury on Wednesday found Exxon ‌Mobil not liable on claims ‌it defrauded investors through disclosures tied to ​its Canadian oil sands and Rocky Mountain gas operations. • The 2016 lawsuit alleged Exxon concealed that its ‌Canadian bitumen ⁠operations were losing money, failed to properly incorporate carbon-cost ⁠assumptions into reserve valuations, and delayed recognizing impairment charges tied to ​Rocky Mountain ​dry gas ​assets.

Could the Trump NACHO Trade Send Energy Stocks Through the Roof?
24/7 Wall St.90d agoneutral
Could the Trump NACHO Trade Send Energy Stocks Through the Roof?

First, there was the TACO trade (Trump Always Chickens Out) amid rising tariff fears in the months and quarters that followed Liberation Day. These days, there’s growing chatter about the so-called NACHO (Not a Chance Hormuz Opens) trade, which suggests the much-anticipated reopening of the Strait of Hormuz might not happen anytime soon. Indeed, reopening ... Could the Trump NACHO Trade Send Energy Stocks Through the Roof?

What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market
24/7 Wall St.94d agoneutral
What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market

The stock market keeps rolling along as if nothing can stop it. The S&P 500 recently hit another all-time high, unemployment remains low at 4.3%, and payroll growth has continued to beat expectations, according to the latest Bureau of Labor Statistics report. President Donald Trump has pointed to both as proof the economy remains on ... What Saudi Aramco’s CEO Just Said Has Huge Implications for the Trump Bull Market

Trump meets with Brazil's Lula to talk trade, extends EU tariff deadline
Yahoo Finance Video97d agoneutralVIDEO
Trump meets with Brazil's Lula to talk trade, extends EU tariff deadline

President Trump met with Brazilian President Luiz Inácio Lula da Silva on Thursday, while the administration extended its trade deadline with the European Union (EU) to July 4. Yahoo Finance Washington Correspondent Ben Werschkul speaks more about what this meeting could mean for US-Brazil relations and the latest news about Trump's 25% tariffs against EU cars.

Shell Earnings Surge on Trading Boom. The Stock Is Falling.
Barrons.com98d agoneutral
Shell Earnings Surge on Trading Boom. The Stock Is Falling.

Shell reported surging earnings as the Iran war brought a trading windfall. Shell’s first-quarter adjusted earnings rose to $6.92 billion from the $3.26 billion it reported in the prior quarter. Shell’s American depositary receipts were down 1.9% in premarket trading.

Bloomberg98d agoneutral
Shell Profit Climbs as Iran War Boosts Oil Price, Trading

(Bloomberg) -- Shell Plc reported stronger-than-expected first-quarter earnings as the Iran war boosted trading profits and drove up energy prices, helping it to overcome a drop in oil and gas production from the conflict. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealUS Says Offensive Phase of Iran War Over as Ship Hit in StraitSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogUS, Iran We