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Harvard makes massive $2.2B SpaceX bet on Elon Musk’s rocket company
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…
Walmart tomato bisque soup recalled over possible Listeria contamination
Kettle Cuisine LLC is recalling more than 3,000 Marketside Tomato Bisque Soup Kits sold exclusively at select Walmart stores because of possible Listeria contamination, according to a company announcement posted by the U.S. Food and Drug Administration. The…
California Pizza Kitchen co-founder opens up about famous chain’s wild rise, bankruptcy and comeback
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…
Roughly 23 million Americans trapped in jobs they want to leave over one costly fear
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…
FDA upgrades egg recall to highest risk level as salmonella sickens dozens across several states
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…
Trump-linked World Liberty crypto venture gets preliminary approval from currency comptroller
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…
New York Fed finds credit card and auto loan delinquencies remain elevated
New data from the Federal Reserve Bank of New York found that while overall delinquency rates improved for overall debt burdens, new delinquencies rose slightly for auto loans and mortgages and remained elevated for credit cards. The New York Fed found that…
From Argentina to El Salvador: How Latin America is breaking up with socialism
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…
LeBron James’ 76ers move sparks StubHub surge as Philly’s games become site’s highest-demand contests
Wherever LeBron James goes this season, it will be the hottest ticket in town. The NBA’s all-time leading scorer announced last month that he will play his unprecedented 24th NBA season with the Philadelphia 76ers, automatically reigniting some key Eastern…
250,000 minifridges sold on Amazon recalled following reports of fires
Cooluli is recalling about 250,000 minifridges after receiving at least 19 reports of the appliances smoking, sparking, burning, melting, overheating or catching fire, according to the U.S. Consumer Product Safety Commission (CPSC). The recall covers certain…