The Federal Reserve pulled the trigger on another rate cut Wednesday, dropping its benchmark rate to a range of 3.5 to 3.75 percent. It’s the third time this year it has tried to nudge borrowing costs lower.
The decision did not come easily. Kansas City Fed President Jeffrey Schmid and Chicago Fed President Austan Goolsbee both dissented, saying the central bank should pause rather than cut again. But Chairman Jerome Powell pushed forward with the quarter-point cut.
The jury is out on what the Fed will do next year. Some want more cuts. Some want none. The only clear takeaway is that the fight inside the Fed is growing louder.
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SpaceX Is Ready to Launch the Biggest IPO Ever in 2026
Buckle up. SpaceX is reportedly preparing to go public in mid-to-late 2026 and aims to raise $30 billion at a valuation of roughly $1.5 trillion, according to Bloomberg News. If successful, it would be the largest IPO in history, surpassing Saudi Aramco’s $29 billion listing in 2019.
The move is a new strategy for SpaceX, which had previously floated the idea of taking its Starlink division public while keeping the core company private.
Meanwhile, The Wall Street Journal recently reported that the company is finalizing another employee share sale valuing SpaceX at more than $800 billion. Employees will reportedly be allowed to sell up to $2 billion worth of shares at $420 each.
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Instacart’s AI Pricing Experiments Could Be Costing You More
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