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News
Key details on the SpaceX IPO that made Elon Musk a trillionaire
3+ mon, 1+ day ago (31+ words) Elon Musk is now the world's first trillionaire after the SpaceX IPO on Friday. CBS News' Kelly O'Grady reports. Key details on the SpaceX IPO that made Elon Musk a trillionaire...
SpaceX's first employee remains on mission: "Space is super important"
3+ mon, 2+ day ago (343+ words) June 11, 2026 / 8:25 PM EDT / CBS News SpaceX's first employee and Elon Musk shared an enthusiasm for model rockets. "I met Elon through an amateur rocket club, and he convinced me to leave that career and come do something exciting, which was…...
OpenAI announces plan to go public, SpaceX set to launch IPO this week
3+ mon, 4+ day ago (70+ words) Last week, Anthropic, valued at almost a trillion dollars, filed to go public. Yesterday, its chief rival OpenAI confidentially filed for an initial public offering. Later this week, SpaceX is set to go public in what could be the largest…...
Dow soars nearly 900 points as Wall Street bets on Iran peace deal
3+ mon, 1+ week ago (317+ words) June 4, 2026 / 3:01 PM EDT / CBS News The Dow Jones Industrial Average soared deeper into record terrain on Thursday as investors pinned their hopes on a peace deal in Iran. The blue-chip index surged 877 points in afternoon trading, or 1.7%, to 51,564. The broader…...
AI boom propping up economy as some guardrails are coming off, journalist Andrew Ross Sorkin warns
3+ mon, 2+ week ago (1542+ words) Updated on: May 24, 2026 / 7:00 PM EDT / CBS News This is an updated version of a story first published on Oct. 12, 2025. The original video can be viewed here. The stock market has been steadily rising for many months now, despite occasional volatility…...
Kimberly-Clark to acquire Tylenol maker Kenvue in $48.7 billion deal
10+ mon, 1+ week ago (281+ words) Updated on: November 3, 2025 / 10:34 AM EST / CBS/AP Kimberly-Clark on Monday said it is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, combining the Huggies manufacturer with the owner of Aveeno and Band-Aid. Kenvue shareholders will…...
Markets tumble after Trump's China summit, lack of specific deal details
3+ mon, 4+ week ago (51+ words) Trade was a critical topic at the Beijing summit with Chinese President Xi Jinping. President Trump said he struck "fantastic" deals, but the U.S. stock market fell on Friday. Lana Zak reports on reaction from the heartland of America. Markets tumble…...
Major tech companies report earnings amid AI bubble concerns
4+ mon, 2+ week ago (35+ words) Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss. Major tech companies report earnings amid AI bubble concerns...
Fermi America CEO steps down as Texas Panhandle AI site moves forward
4+ mon, 3+ week ago (235+ words) On Friday, April 17, Toby Neugebauer stepped down from his position as Chief Executive Officer with Fermi America. According to the U.S. Securities and Exchange Commission, after Neugebauer departed his role, the company’s Board of Directors created an interim office of the…...
Stocks rally and oil prices drop following ceasefire announcement
5+ mon, 5+ day ago (43+ words) Stocks jumped and oil prices fell on Wednesday following President Trump's announcement of a two-week ceasefire in the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more. Stocks rally and oil prices drop following…...