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News
The Corporate Default Paradox: Markets Are Underpricing Credit Risk
1+ week, 5+ day ago (467+ words) If rates stay elevated or climb further, corporations around the world will have a difficult time paying back their debts in a timely manner. Today’s trailing-twelve-month speculative-grade default rate for U.S. issuers sits in a 3.5%–4.3% range — down from levels above 4.5% in…...
Spotting Jung’s Archetypes In The Workplace Can Prevent Later Problems
1+ week, 5+ day ago (221+ words) The twelve figures are the Lover, Rebel, Innocent, Every Person, Hero, Caregiver, Explorer, Ruler, Jester, Magician, Creator, and Sage. I promise you that these archetypes will fall into your lap at some point (all 12 by the way) if your leadership…...
America’s AI Lead Won’t Win The Next Space Race
1+ week, 6+ day ago (329+ words) Every transformative technology produces two competitions: the race to build it, and the race to use it to build everything else. America has a long history of winning the first. The second is far less certain. The results are already…...
These Billionaires Have Spent The Most On the November Midterms
2+ week, 1+ day ago (489+ words) The 10 top billionaire donors in the midterm elections alone have already given more than $734 billion, federal election records show, as high-profile billionaires like Marc Andreessen, Elon Musk, George Soros and the Winklevoss twins pour millions into federal races. Billionaires and…...
What To Know About SpaceX’s Plans For ‘Biggest Launch Site On Earth’
2+ week, 4+ day ago (284+ words) SpaceX on Tuesday announced plans to build a Starship launch site in southern Louisiana that CEO Elon Musk claimed will be the “biggest launch site on Earth,” expanding the rocket maker’s operations with a $100 billion investment. SpaceX, in an announcement…...
Carl Sagan’s Estate Sues AI Startup Over Ad
2+ week, 4+ day ago (214+ words) Druyan-Sagan Associates accused Luma of copyright infringement, false endorsement and common law unfair competition, according to a complaint filed Tuesday in the Central District of California. Sagan’s estate alleges Luma used an eight-second clip of Sagan—during which the astronomer…...
Tesla Recalls 3 Million Cars In China—Its Largest Ever
3+ week, 2+ day ago (269+ words) Chinese regulators on Friday ordered Tesla to fix nearly 3 million vehicles amid broader concerns about emergency door releases, marking the largest-ever automotive recall campaign in the market and Tesla’s biggest such action to date. China’s State Administration for Market Regulation…...
Elon Musk Calls For Derek Chauvin’s Freedom—After Initially Condemning George Floyd’s Killing
3+ week, 3+ day ago (277+ words) Billionaire Elon Musk called for Derek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd, to be freed on Wednesday, reprising his push for Chauvin’s conviction to be overturned in his latest reversal of his previously more liberal-leaning…...
This Moderna Co-Founder Is A Billionaire Again
3+ week, 4+ day ago (140+ words) Moderna co-founder Robert Langer is a billionaire once again, according to Forbes’ estimates, as shares in the biotech giant doubled in value on Wednesday following positive results from a late-stage trial of a cancer vaccine. Langer, who is believed to…...
Unitree’s Blockbuster Debut Vaults Billionaire Founder Into Ranks Of China’s Richest Tech Moguls
3+ week, 4+ day ago (381+ words) Chinese humanoid robot maker Unitree Robotics saw its shares jump as much as 629% during its Wednesday market debut in Shanghai—an eye-popping rally that pushed 36-year-old chairman and CEO Wang Xingxing’s net worth to $16 billion. Investor enthusiasm surged as buyers…...