Business

Harvard University’s investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early investment in Elon Musk’s rocket company following its blockbuster public debut.Harvard Management Company reported the position in a regulatory filing Friday, making SpaceX the largest individual stock holding disclosed in its $4.3 billion portfolio of U.S. equities.The investment highlights how SpaceX’s record-setting June initial public offering delivered significant gains for university endowments […]

Nearly one in four American workers with employer-sponsored health insurance say they are stuck in jobs they want to leave because they fear losing coverage.About 24% of U.S. workers with job-based insurance – roughly 23 million adults – are experiencing "job lock," up sharply from 16% in 2021, according to a report from the West Health-Gallup Center on Healthcare in America.The survey defines job lock as remaining in a job […]

On a quintessential Beverly Hills street in 1985, a restaurant that would help transform the pizza industry opened its doors.After years of practicing law as federal prosecutors and criminal defense attorneys, co-founders Rick Rosenfield and Larry Flax chose to leave the courtroom behind to pursue their dream of becoming restaurateurs."We didn't want to open just a restaurant. We decided to be bold. We said we want to open a national […]

Weeks after a recall was issued for more than 1.5 million cartons of one dozen eggs due to the risk of salmonella, the U.S. Food and Drug Administration has upgraded the recall to the highest risk level.On Wednesday, the recall was moved up to a Class I, which signifies "a situation in which there is a reasonable probability that the use of or exposure to a violative product will cause […]

The Office of the Comptroller of the Currency (OCC) on Friday granted preliminary conditional approval for a national trust bank tied to World Liberty Financial, a crypto venture partially owned by President Donald Trump's family.The decision, announced in a letter posted on the OCC's website, advances World Liberty Financial's plans to establish a national trust bank focused in part on issuing and managing the USD1 stablecoin.World Liberty Trust Company, National […]

Latin Americans have had it with socialism.Over the past decade, more than half of Latin America’s nations have voted socialists out. From large countries like Argentina to tiny ones like El Salvador, socialists have been replaced with conservative leaders who've made significant progress turning their economies around.That list could grow as Cuba and Nicaragua are on the cusp of collapse after their oil lifelines from Venezuela were cut after the […]

When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July, personal finance expert and Ramsey Solutions personality George Kamel didn't hesitate to claim the funds for his own young son.Though Kamel gladly took "a little money back" from Uncle Sam, he issued a cautious warning to parents across America about the program's tax fine print — and the costly mistake […]

A Frontier Airlines flight reportedly declared a medical emergency Thursday after four flight attendants became sick with headaches and nausea shortly before landing in Florida.Frontier Flight 1046 was traveling from Cleveland to Fort Lauderdale-Hollywood International Airport when the pilots requested that emergency medical personnel meet the Airbus A321 at the gate, according to air traffic control communications reported by PYOK.The aircraft landed at Fort Lauderdale-Hollywood International Airport without incident, where […]

More than 200,000 magnetic building toys were recalled over an ingestion hazard after two children who swallowed magnets required surgery, according to federal regulators.About 213,500 Goody King Magnetic Building Cubes and Blocks sets are affected by the recall, the U.S. Consumer Product Safety Commission announced Thursday.The building cubes can break or open, allowing the magnets inside to become loose, posing an ingestion hazard for children that could even lead to […]