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SpaceX hit by surging AI costs as insiders prepare to sell their shares-New York sues Kalshi, says its prediction markets are illegal gambling-A new media ecosystem is taking root on the left, reshaping Democratic politics-CBS’ ‘60 Minutes’ announces new slate of correspondents for upcoming 59th season-U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties
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Category: Economy

SpaceX hit by surging AI costs as insiders prepare to sell their shares

Posted on August 6, 2026 | by InstaWealthDaily

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly update as a public company that surpassed analysts’ expectations. Most of its revenue came from its Starlink satellite offering. But investor focus turned to capital […]

New York sues Kalshi, says its prediction markets are illegal gambling

Posted on August 4, 2026 | by InstaWealthDaily

New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James said Kalshi failed to obtain a New York State Gaming Commission license to operate its platform, where people trade based […]

A new media ecosystem is taking root on the left, reshaping Democratic politics

Posted on July 31, 2026 | by InstaWealthDaily

Farah Berent, a teacher in Michigan, used to learn about politics from channels like ABC, CBS and CNN. But that changed as she decided that coverage of the war in Gaza was irreparably biased. “I couldn’t stand all the lies on the stations,″ she said, arguing that there wasn’t enough attention being paid to Palestinian […]

CBS’ ‘60 Minutes’ announces new slate of correspondents for upcoming 59th season

Posted on July 30, 2026 | by InstaWealthDaily

Two months after a major shake-up, CBS’ “60 Minutes” has hired a lineup of new correspondents and contributors in time for its 59th season, including Ross Douthat, a conservative opinion columnist at The New York Times, and Norah O’Donnell, former anchor of “CBS Evening News.” The show’s new executive producer, Nick Bilton, announced the news […]

U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties

Posted on July 28, 2026 | by InstaWealthDaily

A major new bridge linking Canada and the U.S. at Detroit opened Monday to trucks, cars and other vehicles, the climax of a yearslong project that lately had been bruised a bit by international politics. Descendants of Gordie Howe, the hockey legend whose name is on the bridge, were among the first to cross over […]


    Recent posts:

    August 6, 2026

    SpaceX hit by surging AI costs as insiders prepare to sell their shares

    For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly update as a public company that surpassed analysts’ expectations. Most of its revenue came from its Starlink satellite offering. But investor focus turned to capital […]

    August 4, 2026

    New York sues Kalshi, says its prediction markets are illegal gambling

    New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James said Kalshi failed to obtain a New York State Gaming Commission license to operate its platform, where people trade based […]

    July 31, 2026

    A new media ecosystem is taking root on the left, reshaping Democratic politics

    Farah Berent, a teacher in Michigan, used to learn about politics from channels like ABC, CBS and CNN. But that changed as she decided that coverage of the war in Gaza was irreparably biased. “I couldn’t stand all the lies on the stations,″ she said, arguing that there wasn’t enough attention being paid to Palestinian […]

    July 30, 2026

    CBS’ ‘60 Minutes’ announces new slate of correspondents for upcoming 59th season

    Two months after a major shake-up, CBS’ “60 Minutes” has hired a lineup of new correspondents and contributors in time for its 59th season, including Ross Douthat, a conservative opinion columnist at The New York Times, and Norah O’Donnell, former anchor of “CBS Evening News.” The show’s new executive producer, Nick Bilton, announced the news […]

    July 28, 2026

    U.S.-Canada bridge opens in Detroit even as trade disputes test the neighbors’ ties

    A major new bridge linking Canada and the U.S. at Detroit opened Monday to trucks, cars and other vehicles, the climax of a yearslong project that lately had been bruised a bit by international politics. Descendants of Gordie Howe, the hockey legend whose name is on the bridge, were among the first to cross over […]

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