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SpaceX denied fast track to S&P 500 after IPO
SpaceX denied fast track to S&P 500 after IPO Andrew Zinin Lead Editor SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off quick access to one of the biggest pools of Wall Street money. S&P Dow Jones Indices said Thursday it would maintain eligibility requirements for its benchmark following months of consultation with participants—closing the door on fast-track entry for Elon Musk's company. The decision will also...
Peter Kyle’s quest for UK’s first $1tn firm is honourable, but he is overselling state activism | Nils Pratley
Business secretary exaggerates role of the British Business Bank and the National Wealth Fund in nurturing firmsIs the business secretary, Peter Kyle, suffering from SpaceX fever? It must be something of that sort because his launch this week of a “concierge service” to allow fast-growing companies to navigate Whitehall bureaucracy came with an extraordinary pitch. The new service is “part of his [Kyle’s] quest to nurture the UK’s first trillion-dollar firm,” said the official announcement.
Peter Kyle’s quest for UK’s first $1tn firm is honourable, but he is overselling state activism | Nils Pratley
Business secretary exaggerates role of the British Business Bank and the National Wealth Fund in nurturing firmsIs the business secretary, Peter Kyle, suffering from SpaceX fever? It must be something of that sort because his launch this week of a “concierge service” to allow fast-growing companies to navigate Whitehall bureaucracy came with an extraordinary pitch. The new service is “part of his [Kyle’s] quest to nurture the UK’s first trillion-dollar firm,” said the official announcement.
Peter Kyle’s quest for UK’s first $1tn firm is honourable, but he is overselling state activism | Nils Pratley
Business secretary exaggerates role of the British Business Bank and the National Wealth Fund in nurturing firmsIs the business secretary, Peter Kyle, suffering from SpaceX fever? It must be something of that sort because his launch this week of a “concierge service” to allow fast-growing companies to navigate Whitehall bureaucracy came with an extraordinary pitch. The new service is “part of his [Kyle’s] quest to nurture the UK’s first trillion-dollar firm,” said the official announcement.
Microsoft 365 Copilot gets a speed boost and cleaner design
Microsoft is launching a revamped version of Microsoft 365 Copilot, offering a cleaner design that the company claims loads twice as fast. As part of this update, Copilot will provide more reliable and structured responses that are easier to scan, according to Microsoft. The redesign, which is rolling out across desktop and mobile devices, comes with a feature Microsoft calls "progressive disclosure." That means Copilot will present you with tools and controls based on your prompt, instead...
Pizza chain with 3,487 restaurants to close hundred of stores
Pizza chain with 3,487 restaurants to close hundred of stores Papa Johns International, which offers pizza delivery and takeout, has closed locations across 17 US states to date this year and it previously announced up to 300 stores could be shut An American pizza chain has closed dozens of restaurants across the US just months after announcing the closure of hundreds of locations this year. Papa Johns International, which offers pizza delivery and takeout, has closed locations across 17 US...
Analysis:AI debt sales reshape global corporate bond markets
Analysis:AI debt sales reshape global corporate bond markets LONDON, June 1 : From Europe to Japan and Switzerland, huge bond issues by Big Tech companies are proving that smaller markets, often overshadowed by the U.S., can punch above their weight in the $40 trillion world of corporate debt. Google-parent Alphabet is already one of the biggest outstanding borrowers in the sterling and Swiss franc corporate bond markets, while Amazon raised 14.5 billion euros ($16.88 billion) in March from...
A new generation is making thrift shopping cool (again)
Thrift shopping is back in fashion. No, it’s not just about wearing your granddad’s clothes (and looking incredible). For a new generation of consumers, it’s about the fun of hunting for treasures — and finding bargains in an economy gripped by inflation.
AI layoffs may be backfiring on companies
A lot of workers have had the same uneasy thought lately: "Is AI coming for my job?" It is a fair question. Companies keep talking about automation, AI agents and lower costs. Some workers hear that and wonder whether their next performance review will come with a chatbot-shaped shadow in the room.However, a new Gartner study suggests the story may be more complicated.
Kevin O’Leary’s gargantuan data center cut down by half after battle with Utah lawmakers
Kevin O’Leary’s gargantuan data center cut down by half after battle with Utah lawmakers The data center’s campus was originally going to be twice the size of Manhattan. Now it will only be slightly larger than the island - Bookmark - CommentsGo to comments Shark Tank celebrity investor Kevin O'Leary has decided to join the data center gold rush, but Utah Senate President J. Stuart Adams is mucking up his claim. O'Leary's proposed data center — to be built in Box Elder County, Utah — is...