Business

Apollo Global Management has picked Austin, Texas, as the city that will host its second US headquarters, according to a report, as Wall Street firms look to escape Mayor Zohran Mamdani’s policies.

Elon Musk’s historic SpaceX debut caused a trading frenzy Friday, shooting the company to a $2.15 trillion valuation – but its sheer size is threatening to suck oxygen out of the rest of the market.

SpaceX isn’t just a rocket company anymore — and its wide-ranging bets on everything from satellites to artificial intelligence have sparked a mixture of enthusiasm and anxiety across Wall Street.

SpaceX’s historic public debut Friday minted Elon Musk’s besties and loyal investors billions – and is slated to create a new class of millionaires from current and former SpaceX employees, including hourly workers and engineers.

Some 555.6 million shares of SpaceX – which operates a rocket, satellite internet and artificial-intelligence businesses – were sold in the hotly anticipated IPO. 

Thousands of users appeared to be affected by a widespread outage impacting Instagram, Facebook and Messenger on Friday, with reports flooding social media…

US stocks roared back Thursday afternoon as President Trump called off impending strikes on Iran – allowing chip stocks to rebound following intense declines over the past few weeks.

Inflation shot past 4% in May for the first time in three years as higher energy costs amid the war in Iran weighed on prices.

Goldman Sachs employee who built a following as the “Investment Baker” says scrutiny from compliance department pushed her to leave Wall Street/

Goldman Sachs is keeping its soon-to-be-former top lawyer on the payroll despite the Jeffrey Epstein scandal that forced her resignation.