Mike Johnson To Step Down As Top House Republican After Election Loss

Can SpaceX Fire On All Cylinders? Authored by Michael Lebowitz via RealInvestmentAdvice.com, SpaceX’s June IPO raised $75 billion, resulting in an initial valuation of $1.77 trillion, making it the largest IPO in history. SpaceX, encompassing its launch business, Starlink, and the recently merged xAI, peaked at a $2.5 trillion market cap in its first week of trading, briefly tying it with Amazon as the fifth-largest publicly traded company. After only a month, the enthusiasm is rapidly fading. Perhaps most amazing of all, the fanfare is occurring despite SpaceX producing a net loss...

Vance Warns Iranians Ahead Of Pakistan Talks: US "Has All The Cards" & "We Want The Nuclear Fuel" Summary:  Vice President Vance (who's been tapped to lead talks) warns Iranians: Trump "has all the cards" and cannot have a nuclear weapon. Follows Pentagon/WH declaring "total victory". Iran says it has upper-hand. US, Iran agree to meet for first direct talks in Islamabad. Situation fragile given that Iran is threatening to hit Israel again over IDF's massive Lebanon airstrikes. Tehran says 3 clauses already violated. Iran meanwhile demands stiff fees for ships passing through Hormuz during the ceasefire, and...

Nestle Shares Plunge Most Since Dot-Com Bust As Weak Volume Shatters High Hopes Of Turnaround Nestlé shares in Switzerland tumbled the most in 24 years after North American sales volumes unexpectedly contracted, undercutting investor confidence in CEO Philipp Navratil's turnaround efforts. Organic sales rose a better-than-expected 3.7% in the second quarter, but real internal growth in North America fell 0.6%, while an infant formula recall and the Gulf conflict weighed on operations. "Given the rally, we don't think the real internal growth print is quite good enough and expect some profit taking,"...