SpaceX Files Confidentially For IPO, Setting Up Record-Breaking Offering

Australia's Tobacco Taxes Have Fueled A Massive Black Market For Cigarettes One lesson governments never seem to learn is that when taxes push the legal price of something high enough, a black market will eventually show up to collect the difference. Australia is now getting a particularly ugly demonstration of that principle. After more than a decade of relentlessly increasing tobacco taxes in an effort to crush smoking, the country has created an enormous price gap between legal and illegal cigarettes, and organized crime has rushed in to fill it, according...

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street Lululemon tumbled in New York premarket trading as its multi-year bear market deepened, with shares on track to revisit levels last seen since 2018 after a guidance cut.  The struggling athleticwear company now expects full-year revenue of $11 billion to $11.15 billion, below the Bloomberg Consensus estimate of $11.49 billion, while its second-quarter sales and profit forecasts also missed the mark. Full Year Forecast (courtesy of Bloomberg): Sees net revenue $11 billion to $11.15 billion, saw $11.35 billion to $11.5 billion, estimates...

Since October 2023, no nation’s military has killed nearly as many journalists as Israel, a fact that often opens them up to considerable criticism. The IDF, aims to quell those concerns with a new round of official narrative that portrays nearly all the journalists they’ve killed as secretly terrorists. The narrative includes a new webpage […]