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Wall Street’s investment banks are prepping for the biggest IPO in history. Loading audio narration… Aerospace giant SpaceX is planning to go public this summer, according to its newly released S-1 filing. While the company did not disclose a formal valuation target in the document, prior reports value SpaceX at up to $2 trillion, making it one of the most valuable companies in the world. The S-1 filing shows that the company posted a $4.9 billion loss in 2025 on $18.7 billion of revenue.For the investment banks anchored to the deal, the stakes are measured in both prestige and a…

Lorna Hajdini, the JPMorgan banker who was accused of sexual assault in a lawsuit that swept the internet, has sued her accuser. Loading audio narration… In a suit filed in the New York Supreme Court on Tuesday, Hajdini “categorically and unequivocally” denied the allegations of lurid sexual abuse and racial discrimination made by a former colleague in a lawsuit filed late last month.Those allegations, according to the filing, were invented and appear to be “part of a broader pattern and scheme in which he has repeatedly advanced knowingly false and deeply offensive accusations for personal gain.”The filing states that the…

Jim Bankoff spent nearly 20 years building Vox Media. Now he’s selling a big chunk of it to James Murdoch, one of Rupert Murdoch’s sons, who is acquiring Vox’s podcast network — along with New York magazine and Vox.com for a reported $300 million. Loading audio narration… I’ve talked to multiple media operators who were interested in Vox’s podcast network — including Versant CEO Mark Lazarus — but not in the rest of the portfolio, which includes sites like The Verge, Eater, and The Dodo.So what does it mean if podcasting — a business where people talk, and, increasingly, look…

This as-told-to essay is based on a conversation with Emily Pitcher, a 26-year-old game developer and content creator based in Los Angeles. It’s been edited for length and clarity. Loading audio narration… When I was laid off from my job as a content designer at Meta in 2023, all I wanted was to be rehired. It was my identity, and without it, I lacked purpose. But it was a blessing in disguise.Rejection after rejection in the job market pushed me to pursue entrepreneurship full-time as an indie game developer and content creator. Now I’m partnering with a publisher to launch…

Houston, we have the SpaceX filing everyone has been waiting for. Loading audio narration… The S-1 paperwork, one of the most hotly anticipated financial filings of the year, gives the public its first look at the inner workings of Elon Musk’s rocket company and AI venture xAI.The filing reveals that SpaceX posted a $4.9 billion loss in 2025 on revenue of $18.7 billion.The SpaceX IPO is expected to be one of the largest in US history and comes after the Starship maker announced its acquisition of xAI, Musk’s AI startup, in February. SpaceX applied to be listed on the Nasdaq…

Airplanes are seen on the runway at LaGuardia Airport amidst mass travel delays, on March 28, 2026 in New York, New York. Ryan Murphy | Getty ImagesA sinkhole at New York’s LaGuardia Airport shut down a runway on Wednesday and is set to delay flights, local officials said.The Port Authority of New York & New Jersey said it was conducting a daily inspection  of the airfield earlier Wednesday when “crews identified a sinkhole near Runway 4/22.” “The runway was immediately shut down, and emergency construction and engineering crews are onsite to determine the cause and complete necessary repairs as quickly…

E.l.f. Beauty is planning to walk back some of the tariff-fueled price increases it implemented less than a year ago after the retailer has seen a slide in demand that’s ramped up in recent months as consumers contend with higher gas prices.”Whenever you take a price increase that’s that big, you’re going to see unit degradation, but I would say we’ve seen units drop off a bit more in the last few months as consumers have particularly been suffering with higher costs,” CEO Tarang Amin told CNBC in an interview. “So it’s one of the reasons why we want to…

2027 Ram 1500 Rumble Bee SRT.Courtesy Ram TrucksDETROIT — Stellantis plans to launch a lineup of what it’s calling “muscle trucks” for its Ram brand despite high U.S. gas prices due to the Iran war.The automaker on Wednesday said the Rumble Bee pickup trucks will feature V-8 engines, special parts and designs, and a range of performance specifications. A top-end SRT Hellcat model with a 6.2-liter supercharged Hemi V-8 engine will feature 777 horsepower, a targeted top speed of 170 miles per hour and other metrics that rival some sports cars.”This is absolutely a ‘hold my beer,’ watch this, push…

Lawmakers react to Trump’s IRS settlement – CBS News Watch CBS News President Trump’s settlement with the IRS is getting mixed reactions from some Republicans and fierce pushback from Democrats. Former Republican Rep. Peter Meijer of Michigan and Democratic strategist Cameron French join with analysis. Source link

Former Cuban President Raul Castro speaks during the National Assembly in 2018 in Havana, Cuba, after the country was led by the first non-Castro Cuban president since 1976. Alexandre Meneghini/Pool/Getty Images hide caption toggle caption Alexandre Meneghini/Pool/Getty Images The U.S. Department of Justice has secured an indictment against Raúl Castro, the 94-year-old former president of Cuba, for an attack on a humanitarian group more than 30 years ago. Castro and other former senior members of Cuban leadership are being charged with conspiracy to kill U.S. nationals, destruction of aircraft and four individual counts of murder, according to acting Attorney General…