American financial services company, one of the world’s largest asset managers
Fidelity Investments has agreed to a $2.5 million class-action settlement for failing to prevent a 2024 data breach that compromised 77,000 customers and others. Eligible claimants may receive about $100, with California residents getting an additional $50, plus two years of identity theft protection. The settlement also covers documented losses and related expenses, with a claim deadline of July 27, 2026.
A consortium of outlets reports rising unsecured debt and anxiety among Americans. WalletHub and the New York Fed show higher balances and delinquency, while debt-management strategies and budgeting advice circulate. The data highlight stress across income levels and the need for clear repayment plans.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
SpaceX has filed to sell 555.6 million shares at $135 each, aiming to raise about $75 billion and value the company near $1.75–1.77 trillion. Elon Musk will retain roughly 82% voting control. The company has allocated unusually large tranches to retail buyers, employees and direct-share participants, and disclosed AI compute deals that affect revenue assumptions.
SpaceX has completed the largest IPO in history, raising $75 billion and listing on Nasdaq under ticker SPCX. Shares opened at $150, climbed as high as $176 and closed the first day around $160–166 in extended trading, briefly valuing the company above $2.1 trillion and making Elon Musk the world's first likely trillionaire.
Trump Accounts open for eligible children with a $1,000 seed and tax advantages. Early data shows 1.4 million sign-ups, with policymakers and researchers noting potential for long-term wealth-building and educational outcomes. Adoption remains uneven, influenced by eligibility, education, and outreach.
Bending Spoons has begun trading on Nasdaq with a valuation around $25.5-25.7 billion and raised about $1.68 billion. The Milan-based group acquires and rebuilds aging digital brands such as Eventbrite, Evernote, Meetup and AOL, then holds them to drive growth through AI-enabled features, pricing, and tighter operations. Revenue in Q1 2026 reached $601 million with $27.5 million net income as it scales its portfolio and expands its multi-brand strategy.
A CNBC-led review shows women continue to earn less, provide more caregiving, and save differently, widening retirement gaps. While Social Security decisions and new accounts nudge savings, experts warn the gap remains and growth in annuity options is gradual.
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.