Podcasts about Wall Street

Jim Lebenthal, Chief Market Strategist at Cerity Partners, joins Travis to share lessons from more than 25 years of managing investment portfolios and advising clients through every type of market environment. A former U.S. Navy submarine officer and regular CNBC contributor, Jim brings a unique perspective on investing, discipline, risk management, and human behavior. Drawing from his new book, How to Ride the Subway, he explains why successful investing often comes down to patience, trust, and resisting the urge to outsmart the market. On this episode we talk about: How Jim's early experiences investing shaped his career in wealth management Lessons learned from serving as a nuclear submarine officer in the U.S. Navy Why trust, empathy, and communication are essential in financial advising The dangers of market timing, day trading, and speculative investing Current market conditions, inflation concerns, and the future of major AI-driven IPOs Top 3 Takeaways Long-term investing consistently outperforms attempts to time the market, and missing just a handful of the market's best days can dramatically reduce returns. Successful financial advisors build trust through empathy, honesty, and consistent communication—not just investment performance. Speculation and gambling often masquerade as investing, but true wealth creation comes from patience, discipline, and owning quality assets over time. Notable Quotes "Trust is the currency of the financial advisory world." "The best days in the market almost always happen right next to the worst days." "Trading rapidly is a good way to lose money." Connect with Jim Lebenthal: Book: How to Ride the Subway: Getting Around on Wall Street and in Life CNBC: Regular contributor on CNBC's Halftime Report Company: Cerity Partners LinkedIN: https://www.linkedin.com/in/james-lebenthal-2793685/ A Word from Our Sponsors: Today's episode is brought to you by our incredible sponsors. Their support allows us to continue bringing you conversations with top investors, entrepreneurs, and thought leaders. Be sure to check out the links below and support the brands that help make the Travis Makes Money Podcast possible. - Are you ready to start your own creatorjourney and make it big? Visitwww.fanvue.com today and launch yourcareer! - To learn more about Mode Mobile and its investor community, go to https://invest.modemobile.com/travismakesmoney -Travis Makes Money is made possible by High Level – the All-In-One Sales & Marketing Platform built for agencies, by an agency.Capture leads, nurture them, and close more deals—all from one powerful platform.Get an extended free trial at gohighlevel.com/travis Learn more about your ad choices. Visit megaphone.fm/adchoices

Reach Out Via Text!In this episode of the Growing Green Podcast, Jeremiah sits down with Nick Bartolo, founder of Essential Partners Family Office and former Wall Street analyst, to unpack what business owners need to know about building real wealth. Nick shares his journey from analyzing billion-dollar positions in companies like Amazon and Starbucks to helping entrepreneurs prepare for life-changing business exits.Together, they discuss why most small business owners should stop chasing passive income too early and instead double down on growing the value of their primary business. They break down what actually makes a company valuable, including growth, durability of cash flow, and risk, and explain why building a sellable business matters even if you never plan to sell.Nick also shares practical advice on choosing the right CPA, reducing unnecessary tax burdens, and taking foundational wealth-building steps like Roth IRAs. If you're a business owner trying to scale, create long-term wealth, and avoid costly financial mistakes, this episode is packed with insight.Support the show10% off LMN Software- https://lmncompany.partnerlinks.io/growinggreenpodcastSignup for our Newsletter- https://mailchi.mp/942ae158aff5/newsletter-signupBook A Consult Call-https://stan.store/GrowingGreenPodcastLawntrepreneur Academy-https://www.lawntrepreneuracademy.com/The Landscaping Bookkeeper-https://thelandscapingbookkeeper.com/Instagram- https://www.instagram.com/growinggreenlandscapes/Email-ggreenlandscapes@gmail.comGrowing Green Website- https://www.growinggreenlandscapes.com/

Most people think of their apartment as a home. But if you live in a co-op, condo, HOA, or shared residential building, you are also part of a business, one with budgets, vendors, reserves, repairs, insurance, board politics, and financial decisions that can directly affect your monthly costs and property value. In this episode of The Real State, Alex Norman and Jamie Blond sit down with Tina Larsson, Co-Founder of The Folson Group, a former Wall Street analyst who organized a board coup in her own New York City co-op after questioning years of maintenance increases. By applying business discipline to building operations, Tina helped uncover $340,000 in savings and went on to build a consulting firm helping co-op and condo boards run their buildings more effectively. The conversation begins with the difference between a co-op and a condo, then moves into Tina's personal story: how she went from Wall Street analyst to co-op reformer after discovering that her own building was wasting money. She explains what a board coup actually looks like, why transparency matters, and how residents can take a more active role in protecting what is often their largest lifetime investment. Alex, Jamie, and Tina also explore the hidden business inside residential buildings: maintenance fees, vendor contracts, staff roles, reserve funds, capital projects, special assessments, and the decisions that boards often inherit without questioning. Tina explains why many boards are not intentionally mismanaging buildings, but often lack the technical expertise, time, or business framework needed to make better decisions. The episode also looks at the pressure facing New York City buildings today, including aging infrastructure, rising repair costs, Local Law 97, sustainability mandates, electrical capacity, heat pumps, boilers, and the financial tension between doing what is necessary and keeping buildings affordable for residents. The conversation also touches on the Champlain Towers collapse in Surfside, Florida, deferred maintenance, structural assessments, and why residents and buyers need to pay closer attention to how buildings are maintained and managed. Whether you live in a co-op, own a condo, serve on a board, manage a building, or are thinking about buying in New York City, this episode reveals why your building is not just where you live. It is a shared business, a shared investment, and a shared responsibility. Topics discussed: Co-op vs. condo ownership NYC co-op boards and condo boards Why buildings need to be run like businesses Tina Larsson's $340,000 co-op savings story Maintenance fees and annual increases Vendor contracts and building staff Board transparency and communication Property managers and resident managers Special assessments and capital repairs Local Law 97 and sustainability requirements Aging NYC buildings and infrastructure Deferred maintenance and building safety Champlain Towers / Surfside lessons What buyers should look for before purchasing Why Tina recommends looking at the basement Guest: Tina Larsson, Co-Founder of The Folson Group Website: thefolsongroup.com Connect with The Real State: Website: therealstate.co Send us feedback, topic ideas, or guest suggestions through our website. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SpaceX has become one of the most anticipated investment stories in modern market history. Between Elon Musk's popularity, the company's technological achievements, and years of speculation about a public offering, investor excitement is reaching fever pitch. But what happens after the hype? Lance Roberts & Jon Penn examine the lessons to be learned from previous high-profile IPOs, and why some of the biggest investing mistakes occur after the initial excitement fades. We discuss valuation, investor psychology, momentum chasing, and the risks that emerge when enthusiasm becomes disconnected from fundamentals. We also look at the growing speculative interest surrounding leveraged products tied to the SpaceX theme, and why investors should be cautious when Wall Street starts packaging excitement into increasingly aggressive investment vehicles. Here's a topical rundown of today's show: 0:00 - INTRO 0:56 - America's 250th Anniversary Time Capsule & Space-X IPO 3:48 - The Bullish Setup Returns 8:18 - Back from Vacay... 9:32 - IPO's & Space-X 12:04 - What Happens Next - the Advantage in Waiting 14:19 - The FOMO Factor 17:53 - What Could Possibly Go Wrong? 19:02 - Has AI Lost Steam? (The New U.S.Industrial Revolution) 21:37 - What's Next After Iran War? (Economic Pressure Index) 24:08 - Two Things Driving Markets: Profitability & Optimistic Earnings Estimates 25:17 - Italian Gasoline Prices 28:38 - Interest Rates, Bonds, & Kevin Warsh at the Fed 33:59 - A Tip about TIPS 35:44 - Why You Should Own Some Bonds 37:59 - The Three Components of Investing: Safety, Liquidity, & Returns 41:01 - Annuities as Bond "Alternatives?" Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO,w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/Xr1Ut115-xA ------- Watch today's "Before the Bell" feature, "Bullish Setup Returns," here: https://youtu.be/ox4_xMsXqt4 ------- Watch our previous show, "Bull Market Pullback - Is the Correction Over?" https://youtube.com/live/csXApjrvlNY?feature=share ------- Articles mentioned in this report: "May Inflation Print: Why the 4.2% Headline Is an Oil Story," https://realinvestmentadvice.com/resources/blog/may-inflation-print-why-the-4-2-headline-is-an-oil-story/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Beyond Protection: What Life Insurance Can Really Do," Saturday, June 20, 2026: https://streamyard.com/watch/WauFUig8HFtb --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketUpdate #Investing #ArtificialIntelligence #SectorRotation #SpaceX #ElonMusk #IPO #Bonds #Annuities #KevinWarsh

In this third episode of our season-long exploration of Quakers and Money, Peterson Toscano and Diana Yañez turn toward one of the largest and most difficult questions of the series: How do Friends live with integrity inside capitalism? Last month, we explored relational finance and asked whether taking responsibility for our money and institutional assets can lead to deeper integrity and more equitable power-sharing. This month, Peterson names the friction many Friends feel: the sense of being trapped in a massive economic system built on extraction, inequity, colonialism, and environmental harm. Through conversations with Lisa Graustein, Nathan Kleban, David Watt, and Traci Hjelt Sullivan, this episode examines the spiritual dissonance between Quaker values and capitalist structures. We hear about stolen land, inherited wealth, paternalism in charitable giving, the legacy of slavery in Quaker history, and the denial made possible by class and racial privilege. Rather than offering easy answers, Peterson and Diana ask what it means to stay on a journey with truth. If capitalism harms people and the planet, how might Friends move beyond individual purity or denial and toward mutual aid, community wealth-building, repair, and solidarity? In This Episode The Dissonance: Peterson reflects on the gap between Quaker faith and a global economy built on extraction and inequity. Capitalism and White Supremacy: Lisa Graustein names capitalism and white supremacy as forces that keep the here and now from becoming the realm of God. Stolen Land and Reparative Responsibility: Lisa shares the story of New England Yearly Meeting selling property after repudiating the Doctrine of Discovery and raises questions about what should happen to profits from land acquired through colonization. From Charity to Right Relationship: Nathan Kleban of Right Sharing of World Resources challenges paternalistic models of giving and asks who the economy is actually for. Quaker Wealth and Enslavement: David Watt, professor of Quaker studies at Haverford College, reminds us that some early Quaker wealth in Philadelphia was tied to Barbados, sugar plantations, and the labor of enslaved people. The Wealth of Not Having Debt: Traci Hjelt Sullivan expands the definition of ancestral wealth, naming the opportunities that come from beginning adult life without student debt. The Inner Capitalist: Diana reminds us that the Quaker belief in “that of God in everyone” also extends to capitalists, and to the parts of ourselves that continue to benefit from extractive systems. Our Guests Lisa Graustein Lisa Graustein is a Quaker educator, activist, and writer whose work often explores money, power, race, and reparative justice. In this episode, she reflects on inherited wealth, stewardship, and the responsibility to repair harm caused through the accumulation of resources. Nathan Kleban Nathan Kleban works with Right Sharing of World Resources, a Quaker organization that supports women-led economic projects in the Global South. Nathan brings a relational and community-centered lens to economics, asking how people get their needs met and how communities express their gifts outside extractive systems. David Watt David Watt is the Douglas and Dorothy Steere Professor of Quaker Studies at Haverford College. In this episode, he offers historical context about Quaker wealth, including the connections between early Philadelphia Friends, Barbados, sugar plantations, and slavery. Traci Hjelt Sullivan Traci Hjelt Sullivan is the executive director of Right Sharing of World Resources. She brings decades of nonprofit leadership and international experience to her work. In this episode, she reflects on truth, denial, race, class, debt, and the spiritual work of recognizing our own responsibility. Resources and Recommendations QuakerSpeak: “What If Wall Street Were Honest?” https://quakerspeak.com/video/what-if-wall-street-were-honest/ North Carolina Quaker Mark Hulbert has tracked investment advisors since the early 1980s. In this QuakerSpeak video, he talks about how his Quaker background and commitment to integrity led him to ask whether Wall Street advisors were telling the truth. Spent https://playspent.org/ Diana recommends Spent, a free browser-based survival game that places players inside the poverty trap. You begin with $1,000 and try to survive for 30 days while making impossible choices: pay rent, fix the car, buy medicine, or keep the lights on. It offers one way to better understand how expensive it can be to be poor in the current economic system. Caliban and the Witch by Silvia Federici https://pmpress.org/index.php?l=product_detail&p=1575 Diana references Federici's work while discussing the relationship between capitalism, labor control, gendered violence, and colonialism. The Dawn of Everything by David Graeber and David Wengrow https://us.macmillan.com/books/9780374157357/thedawnofeverything/ Diana also points to this book while reflecting on European colonialism, the construction of human hierarchy, and the ideas that shaped the modern world. Organizations Mentioned Right Sharing of World Resources: https://rswr.org/ A Quaker organization that supports women's self-help groups in the Global South through seed grants and relationship-based partnerships. Earth Quaker Action Team: https://eqat.org/ A grassroots Quaker organization that uses nonviolent direct action to challenge systems of economic and environmental injustice. New England Yearly Meeting: https://neym.org/ A regional body of the Religious Society of Friends is mentioned in Lisa Graustein's story about land, reparative responsibility, and the Doctrine of Discovery. Haverford College / David Harrington Watt: https://www.haverford.edu/users/dhwatt David Watt teaches Quaker studies at Haverford College and appears in this episode to discuss Quaker history, wealth, slavery, and capitalism. Listener Voicemails Thank you to John Choe for sharing his reflections and concerns about Quakers, financial discernment, and the role of institutions like Friends Fiduciary. Thank you also to Richard Tindall for his faithful reminder to drink a glass of water first thing in the morning. As summer begins in the Northern Hemisphere, it is a timely invitation to stay hydrated and care for our bodies. Question for Listeners How do you navigate the tension between Quaker values and capitalism? Where do you feel dissonance between your financial life and your spiritual commitments? Share your thoughts: · Voicemail: Call 317-QUAKERS, 317-782-5377 · Email: podcast@friendsjournal.org · Social Media: Respond to us on Facebook, Instagram, or TikTok Sponsors Friends Fiduciary https://friendsfiduciary.org/ Friends Fiduciary unites Quaker values with expert investing. They serve Friends meetings, churches, schools, and organizations through ethical portfolios, shareholder advocacy, and a commitment to justice and sustainability. American Friends Service Committee https://afsc.org/ The American Friends Service Committee is a Quaker organization working with communities worldwide to challenge injustice, meet urgent community needs, and build conditions for lasting peace. AFSC and the Vanguard S.O.S. / Never Vanguard campaign AFSC announcement: https://afsc.org/newsroom/afsc-joins-vanguard-sos-campaign-fossil-fuel-divestment Never Vanguard pledge: https://eqat.org/never-vanguard/ AFSC has joined with Earth Quaker Action Team in the Vanguard S.O.S. campaign, asking Friends to boycott and divest from Vanguard until it stops funding fossil fuel projects and takes climate justice into account. Disclaimers Quakers Today is a project of Friends Publishing Corporation. This season is sponsored by Friends Fiduciary and the American Friends Service Committee. This podcast is for informational and educational purposes only and does not constitute investment, legal, or tax advice. Listening does not create an advisory relationship. Friends Fiduciary is a sponsor of this podcast. Sponsorship does not constitute an endorsement, and Quakers Today does not receive compensation based on listener investment decisions. Diana Gisel Yañez is an Investment Advisor Representative of Natural Investments PBLLC. Natural Investments is an independent Registered Investment Advisor. Quakers Today and Friends Journal are not a registered entity and are not an affiliate or subsidiary of Natural Investments. See the Natural Investments Disclosures and Disclaimers and Form CRS: https://naturalinvestments.com/disclosures-disclaimers/

SpaceX has become one of the most anticipated investment stories in modern market history. Between Elon Musk's popularity, the company's technological achievements, and years of speculation about a public offering, investor excitement is reaching fever pitch. But what happens after the hype? Lance Roberts & Jon Penn examine the lessons to be learned from previous high-profile IPOs, and why some of the biggest investing mistakes occur after the initial excitement fades. We discuss valuation, investor psychology, momentum chasing, and the risks that emerge when enthusiasm becomes disconnected from fundamentals. We also look at the growing speculative interest surrounding leveraged products tied to the SpaceX theme, and why investors should be cautious when Wall Street starts packaging excitement into increasingly aggressive investment vehicles. Here's a topical rundown of today's show: 0:00 - INTRO 0:56 - America's 250th Anniversary Time Capsule & Space-X IPO 3:48 - The Bullish Setup Returns 8:18 - Back from Vacay... 9:32 - IPO's & Space-X 12:04 - What Happens Next - the Advantage in Waiting 14:19 - The FOMO Factor 17:53 - What Could Possibly Go Wrong? 19:02 - Has AI Lost Steam? (The New U.S.Industrial Revolution) 21:37 - What's Next After Iran War? (Economic Pressure Index) 24:08 - Two Things Driving Markets: Profitability & Optimistic Earnings Estimates 25:17 - Italian Gasoline Prices 28:38 - Interest Rates, Bonds, & Kevin Warsh at the Fed 33:59 - A Tip about TIPS 35:44 - Why You Should Own Some Bonds 37:59 - The Three Components of Investing: Safety, Liquidity, & Returns 41:01 - Annuities as Bond "Alternatives?" Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO,w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/Xr1Ut115-xA ------- Watch today's "Before the Bell" feature, "Bullish Setup Returns," here: https://youtu.be/ox4_xMsXqt4 ------- Watch our previous show, "Bull Market Pullback - Is the Correction Over?" https://youtube.com/live/csXApjrvlNY?feature=share ------- Articles mentioned in this report: "May Inflation Print: Why the 4.2% Headline Is an Oil Story," https://realinvestmentadvice.com/resources/blog/may-inflation-print-why-the-4-2-headline-is-an-oil-story/ --- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Candid Coffee, "Beyond Protection: What Life Insurance Can Really Do," Saturday, June 20, 2026: https://streamyard.com/watch/WauFUig8HFtb --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #MarketUpdate #Investing #ArtificialIntelligence #SectorRotation #SpaceX #ElonMusk #IPO #Bonds #Annuities #KevinWarsh

On this episode of Stang Stories, Molly O'Brien '26 interviews Jennifer Sarbach '02, co-founder of the Wall Street Skinny podcast, about her formative years at Milton, her Princeton studies, and her early career on Wall Street. Jen also explains why she transitioned to real estate and offers advice to current Milton students.

U.S. President Donald Trump arrives at the G7 summit in Evian, France, touting a win via the signing of a peace framework with Iran. The deal extends the ceasefire by 60 days and re-opens the Strait of Hormuz. Ukrainian President Volodomyr Zelenskyy is also at the summit and is due to meet leaders with EU membership discussions on the agenda. The BoJ lifts its benchmark interest rate to 1 per cent – its highest level in 30 years – seeking to normalise monetary policy and bring down inflation. Wall Street is in the green following news of the Middle East peace agreement. The Nasdaq surged 3 per cent on Monday while SpaceX shares clock a further 20 per cent in growth.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Joanne Redding tells her story of suffering heartbreaking loss at the age six and the years of neglect and damage that followed.  Hours after her father went missing, the doorbell finally rang. Her mother thanked the police officer and then shared the news with Joanne and her two siblings, Thomas, age eight, and Peggy, twelve: “Your father was driving across the bridge and had a car accident. He is dead.” Her voice was flat. She shed no tears. And she offered no comfort to her three children—not then, not ever. A few days later, Joanne's childhood truly ended. Her mother sat Joanne down on the living room couch, cleared her throat, and said, matter-of-factly: “From now on, you're going to have to take care of yourself.”What did Ma mean? As time passed, Joanne figured out that taking care of herself meant making sure she ate, bathed, picked out her own clothes, did her homework, brushed the tangles from her own hair, and no longer expected to be tucked in or hugged. But there was more, and it was harder. Gradually, Joanne learned to silence the ache for a word of reassurance, guidance, explanation, or recognition from her mother. Silence became her family's language. Written with raw honesty, HOUSE OF PRETEND follows Joanne as she makes her own way out of her mother's house and into the testosterone-fueled world of Wall Street in the 1980s. She works hard to earn a seat at the table, with her voice still being ignored, and continues her pattern of relationships with older, unavailable men. When her boss offers her a million dollars to have his baby, it's a wake-up call. To move on with her life, Joanne needs to stop searching for a father figure, believe in her own worth, and speak up. But first, she has to reclaim her voice. And that requires coming to terms with how and why she lost it.How did her father really die? What drove her mother to shut down, never speak of her husband, and push her children away? Was Joanne a survivor of child abuse? The answers are complicated and intertwined with grief, shame, pride, religious dogma, social stigma, and mental illness.Eventually, Joanne Redding rises above her past, breaks free of toxic patterns, finds a fulfilling career, and becomes a mother who places a priority on talking with and listening to her son and daughter.      Become a supporter of this podcast: https://www.spreaker.com/podcast/arroe-collins-unplugged-totally-uncut--994165/support.

The Group Chat crew breaks down the biggest SpaceX IPO on Wall Street, the AI shutdown scare gripping the tech world, and the World Cup mania taking over America. Business news, markets, and culture from one of the longest-running business podcasts. This week on Group Chat News: SpaceX goes public at a $2.1 trillion valuation: We break down the IPO frenzy, the OG Starbase investors, and Elon's path to $1 trillion by 2030 The El Segundo wealth boom: how space money is about to reshape the South Bay World Cup mania hits America, Team USA run, and the electric atmosphere in LA A Middle East peace deal looks imminent: what it means for summer gas prices and inflation The Stanford walkout: graduates, free speech, and real-world consequences in tech and finance The Knicks' historic win, Wembanyama, and how you're supposed to carry a loss The Fable 5 AI shutdown scare, government involvement, and Satya Nadella's warning to the industry Should the US government invest in AI companies? The guys debate the trillion dollar question Group Chat News covers business, markets, tech, sports, and culture every week. If you like All-In, My First Million, and business news that actually keeps up with the week, follow and subscribe.   ⭐ Enjoying the show? Leave us a rating, it helps more than you'd think. Hosted by Dee Murthy, Anand Murthy, and Chris "Drama" Pfaff 

In a time of economic uncertainty and with so much information at your fingertips, where you get your financial advice matters more than ever. In a new Marketplace series called "Must Be the Money," journalist and author Lee Hawkins has candid conversations with athletes, influencers, and entrepreneurs about wealth creation and navigating today's economy. But first on the show, with an Iran deal and this first Federal Reserve meeting under Chair Kevin Warsh, we'll preview the economic week ahead.

In a time of economic uncertainty and with so much information at your fingertips, where you get your financial advice matters more than ever. In a new Marketplace series called "Must Be the Money," journalist and author Lee Hawkins has candid conversations with athletes, influencers, and entrepreneurs about wealth creation and navigating today's economy. But first on the show, with an Iran deal and this first Federal Reserve meeting under Chair Kevin Warsh, we'll preview the economic week ahead.

The leaders of the US and Iran will sign an agreement on Friday to reopen the Strait of Hormuz, and the annual G7 summit kicks off today. SpaceX's blockbuster IPO tells us a lot about Wall Street's appetite for tech listings, and the New York Knicks won the NBA championship for the first time since 1973. Mentioned in this podcast:Trump says Iran and US agree deal to open Strait of Hormuz and extend ceasefireEmmanuel Macron and Donald Trump test their bruised bromance at G7 summitWall Street digests record fundraising haul as AI race intensifiesSpaceX's surge on debut makes Elon Musk world's first trillionaireNew York Knicks' winning streak should rub off on its owner tooRegister for FT Weekend Festival hereWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Alex Higgins and Kelly Garry. Additional help from Peter Barber, Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

When the US and Israel struck Iran in March 2026, Wall Street was opening as missiles were still flying. Within hours, a small number of investors and companies stood to make billions. The conflict has already cost an estimated $40 billion. Sam Fenwick follows the money; from defence contractors replacing weapons systems, to gas exporters benefiting from disruption in the Strait of Hormuz, and to anonymous traders who appear to have bet on the strikes before the news broke. Presenter: Sam Fenwick Producer: Matt Lines You can email the team on businessdaily@bbc.co.uk

As President Trump arrives in Europe for the G7 summit, markets weigh the latest geopolitical and economic implications. Then, we speak with one of the first Wall Street analysts to initiate coverage on SpaceX about the company's valuation, growth prospects, and investor demand. Plus, Anthropic finds itself at the center of a new battle in Washington as the AI startup clashes with the White House over its latest model. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

//The Wire//2300Z June 12, 2026// //ROUTINE// //BLUF: BELFAST RIOTS CONTINUE. MASS SHOOTING REPORTED IN TEXAS. RHETORIC AND DIPLOMATIC TENSIONS REMAIN AS TALK OF POTENTIAL SETTLEMENT CONTINUES REGARDING WAR IN MIDDLE EAST.// -----BEGIN TEARLINE------International Events-Middle East: Last night, Iranian state media released some details of the alleged Memorandum of Understanding which is allegedly being considered by Iran and the United States. 40 minutes after the opening bell on Wall Street this morning, President Trump announced on social media that the terms of the alleged Memorandum of Understanding as leaked by the Iranians are not what has been discussed privately. No details were provided on what items were disputed.Scotland: Yesterday, Ilia Belov and Nadjedzha Belov were both convicted of "threatening or abusing behavior" toward four girls who were at the center of a major scandal last year. As it turns out, the initial claims made by the legendary Hatchet-Girl were true; this brother-sister team were attempting to target the girls, and when they resisted being attacked, the Belov family called the police and complained of racism. This prompted the now-viral video recording by which the girls defended themselves with knives and hatchets. This court case confirmed that the girls were telling the truth about being assaulted, as CCTV footage which exonerated them was initially ignored by Police Scotland, but was uncovered during the trial.-HomeFront-Texas: This afternoon an active shooter incident was reported in Midland after unknown circumstances resulted in a protracted firefight on West Wall Street. Local authorities first announced the situation as a barricaded shooter incident, as an individual began firing at passersby from a structure near an old veterinary clinic. Around a dozen people were wounded in some manner during shooting, and the shooter was killed at the scene. The suspect has been identified as Victor Mata Villarreal.Analyst Comment: The circumstances of this shooting are sketchy at best. The area is not a crowded venue that is the normal target for mass shooters, and the exact location of the shooting has not yet been disclosed. It's possible that the shooter was concealed in a fighting position inside the abandoned veterinary clinic, and was shooting at passing cars on the highway, however this is pure speculation based on the geolocation of videos taken at the scene. Some reports claim that Villarreal was a Mexican national with a visa-overstay, but this is not confirmed at this time.-----END TEARLINE-----Analyst Comments: In the Middle East, rhetoric on all sides has continued overnight, and parsing all of the latest developments is challenging due to many contradictions flying around. As of this report, some sort of Memorandum of Understanding (MOU) is allegedly ready to be signed on Sunday. This MOU is reportedly not a peace deal, but a formalization of the ceasefire that was supposed to be implemented this entire time. These types of documents are fairly standard in the world of diplomacy as it's generally a waste of time to send diplomats around the world to engage in talks, if neither side is at least in the ballpark when it comes to what they might accept. An MOU being signed is a step toward peace, but it's not a peace deal itself. So far, the United States has not been entirely forthcoming regarding the details, but as of early this morning, President Trump has refuted the plan that the Iranians have leaked. However, in the absence of any clarification or details of the plan being disclosed, we have to go off of what the Iranians are claiming for now. The grand question remains...what's on the table for negotiations? First and foremost, the alleged MOU results in a 60-day extension of the alleged ceasefire, which is a period of time that will be used to work toward a final deal.Mostly, the MOU includes the 14-point plan that is very similar to what's already been discussed. The nuclear issue is allegedly not being addressed in this memorandum and Iran's missile program is completely off the table altogether. The Iranians would open the Strait, but retain control of it. Funds that have been frozen by the United States would be released to the Iranians, and the status of the long-standing array of sanctions would be worked out during the 60-day extension period. As far as what the United States will get in return, it does not seem like much, which is probably why President Trump denied the details of this leak this morning. The Strait of Hormuz being opened to allow American and other western-aligned vessels through would be the only real bone for the United States, but there is also talk of including some of the "magic dirt" (allegedly radioactive debris from the Midnight Hammer strikes), though this has not been clarified as of yet. It's almost certain that the neither the U.S. nor Israel would accept this deal as it stands, but until the US reveals what they claim their terms are, all of the rhetoric of the past few days leaves the situation exactly as it's been for months.Analyst: S2A1 Research: https://publish.obsidian.md/s2underground Disclaimer: No LLMs were used in the writing of this report. //END REPORT//

Wall Street built entire neighborhoods just to rent them. August Biniaz breaks down how and why it works.August Biniaz, Chief Investment Officer at CPI Capital, returns to break down build-to-rent (BTR): how the asset class started after the 2008 crash, why institutions like Blackstone pivoted from buying scattered homes to building purpose-built rental communities, and what that means for individual investors today.August also pulls back the curtain on how CPI Capital operates at scale, including the AI tool that cut their deal-screening time by 90 percent, and shares his read on where interest rates and the broader economy are headed going into the rest of 2026.Key topics covered:How Blackstone's Invitation Homes buying spree of 75,000 homes gave birth to BTRWhat life inside a BTR community actually looks like (HOA, amenities, maintenance)Why BTR attracts "tenants by choice" and produces lower turnover than traditional apartmentsHow CPI Capital uses Slack, Asana, HubSpot, and AI to run a private equity real estate firmThe 10-year treasury, the war in Iran, and what August thinks happens to rates nextAugust Biniaz is the Chief Investment Officer of CPI Capital, a private equity real estate firm focused on US multifamily and build-to-rent assets with investors in both Canada and the United States.Learn more at https://cpicapital.comWork With RealDealCrewIf you're already closing deals but your intake, follow-up, or visibility feels inconsistent, here are two ways to go deeper:Take the Deal Intake AssessmentSee how resilient your current operation actually is.→ https://assessment.realdealcrew.comBook a Fit CallIf you want to explore what a fully system-driven deal flow looks like, let's talk.→ https://realdealcrew.com/bookLIKE • SHARE • JOIN • REVIEWWebsiteApple PodcastsYouTubeYouTube MusicSpotifyAmazon MusicFacebookTwitterInstagram

Rick Chess, attorney, real estate strategist, capital-raising expert, and trusted advisor, is passionate about helping entrepreneurs, investors, and business owners navigate complex decisions that can dramatically impact enterprise value and long-term success. Throughout a career spanning more than five decades, Rick has raised over $100 million for multiple organizations, guided companies through acquisitions, governance challenges, and strategic growth, and helped owners prepare for successful exits. We explore The Capital Raising Framework — Focus on Individuals, Not “the Market”; Be Ready to Sell; Start With Who You Know; Connect on Emotion; and Find a Problem to Solve. Rick explains why raising capital is ultimately about understanding people, not pitching ideas, why investors care more about their needs than your opportunity, and how trust-based relationships create opportunities that compound over time. He also shares lessons from raising capital, building influential networks, serving on boards, and helping entrepreneurs avoid costly mistakes when pursuing funding, growth, and exit strategies. — How to be a Trusted Advisor with Rick Chess  Good day, dear listeners. Steve Preda here with the Management Blueprint Podcast. And my guest today is Rick Chess, who is a real estate and exit strategist. He helps business and real estate owners, and the trusted advisors who guide them, turn complex decisions into strategic moves that grow enterprise value and maximize sale outcomes. Rick, welcome to the show.  Thank you. Appreciate it, Steve.  Well, it’s great to have you. And I’m going to ask you my favorite question, which I always ask: What is your personal ‘Why’, and what are you doing to manifest it in your practice?  When you go back in my career, 50-some years, where I’ve been most happy is either growing an organization. That can be a community, that can be a business, it can be an association. And then, at some point, individuals in that association want to move on, whether that’s to retire, to go someplace else, or whatever. And I find that in that world, there are certain things where they might have a Steve Preda who helps them with how to manage day to day. But they get to certain big issues that they’ve never done before, and maybe they’ll never do again. That’s where I like to come in because I know I’m critically important to them. So you’re a trusted advisor. You like to grapple with the big challenges people have in their lives, whether it’s a big real estate transaction, getting ready for an exit, an acquisition, or something like that.  Yeah.  Yeah.  So, I mean, the things that would be—for instance, most folks, if they’re talking about real estate, they have some idea how to fix a toilet. They have some idea how to buy a property. But when they get to a certain point, it’s like, “We need to raise $10,000. We need to raise $100 million,” whatever the amount is, because there’s either a great opportunity or they want to keep moving upward. And they have, again, a Steve Preda who can help them through the process. How they get that capital often is what trips people up. So that’s where I kind of first got into this.  I was an acquisition guy. I knew how to spend other people’s money, but I didn’t know at that time how to raise the money. And I’ve done it several times. I’ve raised $100 million for three different companies. And like everything in life, like with Summit, there is a process that you go through. And I love doing it. I just love doing that kind of stuff.  Okay. So when you are doing capital raising, fundraising, M&A deals, or real estate transactions, is there a framework that has helped you, that you figured out along the way? And think about something that is three to five steps. Maybe it’s a mental model of how you look at things, or maybe it’s a process. How would you describe that framework that you have, or that has helped you, so that the listeners would also benefit from it?  The listeners are best served if they step back from their preconceived notions of, A, how they think capital is attracted, because they usually are wrong. And they step back from how wonderful they are. And those two things are difficult. Because the reality is, no one is waiting to give you money. That’s foolish. You’ve got to sell the concept like you have to sell everything else. And what you sell is not what you think is wonderful. It’s what the market is going to think is wonderful. It’s like with any other product you’re making. “Hey, I made this great widget.” And the population looks at it and says, “I don’t need it. I don’t want it. I don’t know what it does.”  And depending on whether you’re trying to raise $100,000 from friends and family or $100 million on Wall Street, you look at who it is that you know. Because people that you know might at least return your phone call. So if you don’t know Bill Gates, thinking that you’re going to go to Bill Gates and get a billion dollars is, well, stup*d. But if you’re just trying to raise money from friends and family, and you have an aunt who lives three states away that you don’t see very often, and she has some money, okay, then you start with who you know. So, for instance, thinking about one of the many ways that you can raise money, there’s something called intrastate. And it is something that’s allowed by the Securities and Exchange Commission. If all of your money is raised within your own state, there are certain allowances for that.  But if you do one transaction outside the state, it all collapses. So like everything else on the business side, where there are certain rules that you can’t violate without getting into trouble, it’s the same thing when raising money. And I get so many people saying, “I’m going to list this on Wall Street, and I’m going to make…” It’s like, “No, you don’t. You better be prepared. If you’re going to list something on Wall Street, you’d better have $25 million that you can risk just to get it out there. And nine times out of ten you’re going to fail.” Not because there’s anything wrong with you.  It’s just that if you’re going to climb Mount Kilimanjaro with a pair of Keds, a T-shirt, and some shorts, you’re not prepared to climb that mountain. It’s no different when raising capital. And also think about when you were a kid. At a certain age, your parents let you cross the street to see your buddy. Then ten years later, they’ll let you get in the car and drive, but you’ve got to get home by midnight. It’s the same thing with raising money. And there aren’t a lot of folks who have done what I’ve done. So talking to your local lawyer or accountant—who may be wonderful people—but if they’ve never raised money, they’re not the people to talk to.  One of the ways people get taken advantage of on a regular basis is they’ll go to a securities attorney. The securities attorney will charge them $100,000 and write this great offering document, and no one ever gives them a penny. Because lawyers generally have no clue what’s happening in the marketplace. I own my own securities broker-dealer. I’ve also raised money for three different companies. It’s not easy. But like having read your book, Steve, if you follow certain paths, there’s at least a chance for success. Same thing here. Fascinating. So what I’m taking away in terms of a framework: Be aware that people are not out there waiting to give you money. You have to sell them. So that’s the first step. The second one is: start with who you know. Don’t start on Wall Street. Start with the people you know, where you have some trust, the people you understand, and where you have a chance to get there. And then look at some special circumstance that’s going to give you a leg up. For example—  Absolutely. Again, this is coming right out of your book on the business side. You create a widget. So what? But you create a widget that solves a problem. Ah. Then you have something. So it’s the same thing. When you get over onto the money-raising side, it’s: who do you know? Where do they live? How much money do they have? How do I approach them? But then, in the end, it’s not what’s in it for you, it’s what’s in it for them. And for them, if it’s friends and family, your mama may give you some money because she thinks you’re cute.  Your aunt might give you some money because she’s related to your mama. But at some point, you’re going to people who really have a checkbook. They have money in the checkbook. They’re not going to give this up just because you’re cute or you have a great idea. You’re either going to get them because you have something they’ve never heard of, or you have something that really feels like it could solve one of their needs. And their needs are not always what you think. Some people think, “Well, what they need is high cash flow.” What if they don’t need cash flow, but they’re really interested in a cure for cancer?  What if you think, “Well, it’s really going to go up in value”? Well, they have all the money they need. They’re not looking for that. But is this something that is going to allow their nephew to come work for you? Yeah. When you start thinking that you know what other people are thinking, that’s when you’re going to fail. When you can step back and just ask them, “Well, what’s important to you?” If you can’t have a conversation, one, you’re never going to date anybody, and you’re never going to raise any money.  And don’t be slick. You can be slick for three sentences, and at that point they’re going to reject everything you say thereafter. So don’t talk about how much money you’re going to make and all the rest of it. No. Talk about them. Talk about them. Talk about them. Your document should talk about them. Your questions should talk about them. Now, does that mean there are certain people who won’t put money into your deal? Yes, because it doesn’t fit. If you sell high-heeled shoes and a runner comes in, they’re generally not going to buy your high-heeled shoes. They’re not going to invest money in high-heeled shoes.  But if that high-heeled shoe actually is a running shoe, and you can break off the heel and then… I mean, I don’t know. You could come up with something there. And the folks that say no are sometimes your biggest advocates. What? The folks that… Yes. Because you’ve been able to get into their head, and they’ve shaken it around, and they’ve looked at it and said, “No, that’s probably not right for me. I’m not into high-heeled shoes, but I have a friend.” If you’ve done a sincere job, a thoughtful job, you’ve really asked them questions, and you’ve connected on an emotional level, they’ll open the next door. And that’s what it’s about. It’s often a lot of the same things that you teach people about how to sell their company. It’s how they sell—  Rick, this is fascinating. So how do you connect with people on an emotional level? What’s the trick there?  First thing is: why are they going to take a meeting with you? Why they take a meeting with you answers almost everything that we’ve just asked. If they’re taking a meeting with you because you’re related, okay, that’s the emotional connection. If they take a meeting with you because some friend of yours called them and said, “This is a great way to make money,” that’s another reason. If you found them in an article in the paper—yes, there are things called newspapers. They print them. There are words in them. And there’s somebody in there who has shown an interest in something you do.  Then you’re talking to them about that interest. You want to try to avoid cold calls. Really, it’s a waste of your time and a waste of their time. It’s a random thing. It’s like asking every girl who walks by in college, “Do you want to go out on a date?” Sometimes it works. You get slapped a lot, get arrested, and what have you. There’s this thing called the internet, Steve. And what shocks me is how few people—not just my age, but young pups—say, “Well, that’s for watching YouTube videos.” No.  Through the internet, you have so much information. So maybe I can’t find anything about Johnny Jones, but his kids are on there and what sports they play. Huh. Okay, so I used to do judo. I did three years of judo in high school. If somebody’s doing karate or whatever, I have an opening. I have something to talk about. Now, it’s great if what you have to talk about then connects to something else that they want. It’s a linking process of connecting various things together. It’s what I did… I told you I was a member of the General Assembly in Pennsylvania way back in the ’70s.  And I learned there that if I could get people talking about themselves, or their next-door neighbor, or some relative… What’s funny is people are much more likely to tell you about somebody else. So when I go into a company—this is just a side note—when I’m doing due diligence and I really want to know their financial condition, I’m not going to get it from the CFO. I’m going to get it from somebody over in property management. Why? Because the property management person knows not to tell me anything secret about property management, but they’ll talk about finances all the time. And it’s the same thing. If I’m in a family and I want to know about Daddy, I talk to the daughter.  If I want to know about a neighbor, I talk to a neighbor. I can go to the post office. Everything you ever need to position yourself to sell is out there waiting for you. But you’ve got to get out of your head what you think the market is about and start thinking about individuals within the market. And accept that when I’ve raised money, 70% to 80% of the people I call on don’t do a deal with me. But of that 70%, half of them lead me to somebody else. And I keep up with them. They become my support group. They become my unofficial advisors. Because I’m a decent guy, they want me to succeed. And once they know I’m not bugging them anymore, I say, “Hey, you told me I should go talk to such-and-such.  Here’s what I heard.” And then the network just expands. And occasionally, that person who said no has somebody new come into their life and says, “You need to go talk to Rick Chess.” And sometimes the next time I’m raising money, their situation is different. So the person who told me no originally has seen me work the market and close the deal. It’s amazing how attractive an opportunity is once you can’t put any more money into it. And so you let them know, “I know it wasn’t the right time for you to come into my deal, but we did buy this company. We’ve doubled their…” Whatever it is. You continue to work with them. If somebody is willing to give you time on the phone, on Zoom, at a coffee shop, or wherever, they’re your friend for life. They don’t know that yet, but you’re going to make them your friend for life. It’s the old six degrees of separation—the Kevin Bacon game.  Everybody’s related to somebody somewhere. And it’s what makes this fun for me. You were talking before about growing an exit. I love the process of putting together the network and feeding the network. There are people I’ve known for 50 years that I still talk with.  You’re very good at connecting people and making them look good with other people that you connect them to. It’s very gratifying. So this is a long game, right? Absolutely.  It’s a long game because you’re being decent. You listen to people. You find something that helps them. You learn what they need, what is the itch that needs to be scratched, and then you connect people who can help them scratch that itch. And then they will reciprocate, and it becomes a self-perpetuating process.  Well, I mean, an example is the work that I do in North Carolina with a family that owns 44 hotels. A woman who was my CPA left the CPA firm and became the family officer for a large family here in Richmond. A friend of hers who does advisory work with family offices was giving up on a client. So she told my friend, who used to be a CPA. She introduced me to them and said, “Would you be willing to serve on the board of a private company?” I said, “Well, do they pay?” I used to be on the board of a public company, and after a certain age, you’re not attractive anymore.  After a certain age, they want you off the board because the institutions say, “We want a mix on the board. So I got introduced to these people, and I’ve had a great time. Members of the family have hired me for other work, and it just goes on and on. But I’ve learned that you’ve got to pay it forward. So I have students of mine from VCU who I’ve helped place in jobs. I keep up with them. I give them ideas. And they’re often shocked to find that I’m still in touch with them. I’m not asking them for anything. I’m just saying, “Look, I paid it forward to you. Now it’s your turn to pay it forward to somebody else.” And some of them are doing it. Some of them haven’t caught on yet.  But it is the circle of life, and it’s all tied together. And there are skills you have that I don’t have. There are skills I have that you don’t have. We both have folks that work with business brokers because they have a different drive. But it’s also self-selecting. There are a lot of people you’ve met that you don’t do business with. There are a lot of people I’ve met that I don’t do business with. If you’re going to get into raising money, doing governance, or doing exit planning, whatever it may be, one of the most important things is saying no. Or, “No, I don’t want to work with this person.” You can always be friendly with them. Yeah. But I try to fire a client every month. Somebody that just doesn’t fit for me ethically. Yeah. Or I don’t think there’s anything more I can do for them.  I pass off legal work to other attorneys in Virginia. I’m the chair of the Real Property Section of the state bar. There are 1,550 attorneys. I have plenty of attorneys that I can pass things on to, and they’re happy to get the business, and I’m happy. I’ve got somebody that I’ve referred that’s happy that I’ve referred them. My biggest challenge, my wife would say, my son would say, is that I’m a squirrel chaser. Something new and interesting comes along, and I want to get involved with it. And I’ve wasted so much time. So I’m working with this hotel group down in North Carolina. The last time I had worked with a hotel company was 30 years earlier. Two owners couldn’t agree on a direction.  I worked with them for six months. We made a decision. It was great work. I learned a lot about hotels. But I then went 30 years without applying the same skills. And that’s one thing that, with age, I’ve realized. I am better off saying: “I’ll help you with capital, I’ll help you with governance, and when you’re ready, I’ll help you exit.” That’s it.  Yeah.  If it’s not one of those three, I’ll talk about it.  Yeah.  I’ll listen to you. You don’t want to engage me.  Yeah. I mean, people want deep expertise. They don’t want generalists. They want someone who knows what they’re talking about and who can link them to other resources who also know what they’re talking about. And in today’s age, I think this is becoming more important again. Because of the internet, there was a disintermediation going on, but now there is a reintermediation, I believe. Because there’s so much noise out there, you don’t know what is true and what is fake. AI is creating a lot of fake stuff.  The only people you can really trust are the people who are in front of you, or someone recommends them whom you trust. It’s a transparency thing. So I think what you’re doing is very valuable. It’s going to become even more valuable. And knowledge is ubiquitous. You can ask ChatGPT, and it will give you an answer. But how do you get the trust? How do you get the emotion? How do you get the relationships? That’s all human stuff. And if you still have that, then you’ve got what is valuable.  Well, I have a friend of mine who wrote a book, and he wrote it as a fable. What I love about it is that I know the true story behind the fable. And what comes across in every single chapter is that, with that trust, people who were afraid took a step. And often that is the hardest thing. So I go to the gym six days a week, and the gym is hard. Getting in the car to drive there is the hard part. Once I’m there, I’m around friends, I work hard, I sweat, I get better. Getting in that car and driving down the drive…  So in your fable, in your book, and in most of where I’ve had success, I would love to say it was because I was brilliant. Eh, sometimes I will say I was brilliant. But let me give you an example. United Dominion Realty Trust, now based in Denver and originally based here in Richmond, has been around for 35 years. It was one of the original five REITs in the country—real estate investment trusts. I came in as acquisitions director. They hadn’t closed a deal in a year. I closed three in the first three months. I grew the firm tenfold in 10 years, and I had great people. Buddy Scott as an analyst. Catherine Surface as an attorney.  But what I did was look at it and say, “Does anybody know what we’re trying to buy?” Because they had no acquisition criteria. So I wrote a one-page acquisition criteria document and put it out to everybody who had ever submitted a deal. Oh, and we weren’t responding to the submissions. So a submission would come in, they would look at it and say, “Okay, that doesn’t work.” But they never told anybody no. So one of my rules was that anything that came in would get a response within 48 hours.  And it should be specific. “We don’t like this because of the city.” “We don’t like this because of the roof.” Something specific, because I knew they’d pay attention. And by responding within 48 hours, we went from struggling to get submissions to doubling our submissions within a year. Because people were like, “Oh, we know what they want. We know they will respond.” And then—and this probably sounds outrageous—we celebrated. We put out a newsletter every month. This is back when you mailed things, so we’re going way back into the dinosaur era. But anytime a broker brought us something that we bought, we would do a full-page spread on the broker. We were marketing him or her.  People loved us. And they would tell others about us. So owners would know that if they came to us, we’d make a fair offer and we’d move on. So I would love to say that’s because I was a great attorney. I would love to say that’s because I was insightful. It was just like, “Well, damn, this is obvious.” And reading some of your stuff, I’ve seen you point that out to people time and time again.  You give me too much credit. But yeah, I mean, if you’re there, they say that if you work hard for 25 years, you can become an overnight success. So yeah, it does get obvious when you’ve been studying it long and hard. Well, listen, Rick, that’s been wonderful. So what is your final thought for an entrepreneur, a young entrepreneur or founder who’s coming up? Maybe he’s in real estate. Maybe he’s trying to be successful. What’s the most important mindset for an entrepreneur to become successful?  Well, I mean, you’ve got to know something. I mean, you either need to really know construction, or you’ve got to really know how to lease a space. If you’re going into it like they do on HDTV, like, “Oh, we’re going to find this property and it’s going to be…” You’re going to fail. So get good at something. Accept the fact that you’re not going to be good at everything. Find people who fill in the spots where you aren’t good. In the old days, you might have had to hire them. In today’s world, there are fractional CFOs.  And then when you get down to picking your experts—your attorneys, your accountants, the people that cost you real money—ask them a simple question: When was the last time they did whatever it is that you’re trying to do? Not when was the last time they prepared a securities document. When was the last time they prepared a securities document that succeeded? And that’ll knock out two-thirds of them right there.  Love it. That’s fantastic. Well, if you’re listening to this and you want to be successful in business, or you have a business and maybe you’re getting close to retirement and want to figure out how to transition it, how to exit right, and how to structure it… Or maybe you have a family company and you’re trying to put together a board, and you need someone who really understands governance. Or if you’re trying to do a transaction, a merger, or an acquisition, and you need a trusted advisor who will connect you to the right people and help you make it happen, then call Rick Chess. Rick Chess is here in Richmond. He is on LinkedIn. And you have a website as well, Rick, right?  Yep, yep.  What’s your domain?  It’s chesslawfirm.com.  Chesslawfirm.com. So you can go there, and Rick is going to respond because he always does within 24 hours, or 48 hours max, and he’ll help you. So Rick, thank you very much for coming on the show and sharing your wisdom with us. And if you’re listening to this and you like this show, please follow us on YouTube and Apple Podcasts. Give us a review, and make sure you listen to every episode because we have very exciting entrepreneurs and subject matter experts sharing their knowledge. So thank you for coming, and thank you for listening. Important Links: Rick's LinkedIn Rick's website

Cristiano Ronaldo grew up in poverty on the remote island of Madeira, but became football's first billionaire player, and one of the most recognisable people on the planet. BBC business editor Simon Jack and journalist Zing Tsjeng trace Ronaldo's rise from a homesick kid playing for the academy at Sporting CP, to global superstardom at Manchester United and Real Madrid, where relentless training and record-breaking performances turned him into a sporting and commercial machine.Zing and Simon explore the business of modern football: from mega transfers and billion-dollar brand deals, to tax battles and legal disputes. Ronaldo leveraged social media fame to build his CR7 empire, so is he the ultimate self-made success story, a divisive global brand, or simply the most effective monetiser of talent in sporting history?Good Bad Billionaire is the podcast that explores the lives of the super-rich and famous, tracking their wealth, philanthropy, business ethics, and success. There are leaders who made their money in Silicon Valley, on Wall Street and in high street fashion. From iconic celebrities and CEOs to titans of technology, the podcast unravels tales of fortune, power, economics, ambition and moral responsibility. Simon and Zing put their subjects to the test with a playful, totally unscientific scorecard — then hand the verdict over to you: are they good, bad, or simply billionaires? Here's how to contact the team: email goodbadbillionaire@bbc.com or send a text or WhatsApp to +1 (917) 686-1176. Find out more about the show and read our privacy notice at www.bbcworldservice.com/goodbadbillionaire

Patrick J O'Hare, Chief Market Analyst, briefing.com "New Highs, New Fed, New Risks: Wall Street's Busy Week Ahead" full 679 Mon, 15 Jun 2026 22:37:39 +0000 7BI7cblf6ltm7T9pxyRx4aI4VUpMpQh2 business CEO Spotlight business Patrick J O'Hare, Chief Market Analyst, briefing.com "New Highs, New Fed, New Risks: Wall Street's Busy Week Ahead" David Johnson CEO Spotlight 2024 © 2021 Audacy, Inc. Business

Want a quick estimate of how much your business is worth? With our free valuation calculator, answer a few questions about your business, and you'll get an immediate estimate of the value of your business. You might be surprised by how much you can get for it: https://flippa.com/exit 

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 This week on The Exit, host Steve McGarry sits down with entrepreneur, CPA, and wealth strategist Cecilia “CeCe” Leung for a candid conversation about one of the most overlooked parts of selling a business: what happens after the deal closes. Drawing from more than 20 years of experience in finance, Wall Street, and advising founders through complex transactions, CeCe shares why so many entrepreneurs focus on valuation and due diligence while overlooking the emotional, personal, and identity shifts that often follow an exit.
 CeCe breaks down common mistakes founders make when preparing for a sale, from failing to think through post deal dynamics with private equity partners to overlooking succession planning and negotiating leverage. She also explores the deeper side of entrepreneurship, including founder burnout, setting boundaries, defining personal success, and why understanding why you want to sell may be just as important as the sale itself. Whether you are preparing for an exit or simply building toward one, this episode offers a refreshing perspective on creating both financial freedom and a meaningful life beyond business.
 
 Cecilia “CeCe” Leung is a CPA, entrepreneur, and founder of Rich & Sassy Wealth Strategies, where she helps founders and executives navigate high stakes moments including exits, IPOs, and major financial transitions. With more than 20 years of experience spanning Big Four firms, investment banking, and CFO leadership roles, CeCe combines financial strategy with a human centered approach to help leaders build wealth, make smarter decisions, and create success that lasts beyond the business.

 LinkedIn - https://www.linkedin.com/in/cscfo/ 

 Website - https://richandsassy.com/ 
 Key Timestamps:
 [00:01] Intro & Show Overview
 [02:58] CeCe's Journey to Entrepreneurship
 [07:06] Preparing a Business to Exit
 [11:14] Post Deal Realities & Leverage
 [14:06] Purpose, Identity & Philosophical Counseling
 [21:13] Founder Mistakes & People Problems
 [23:31] Knowing Your Value & Boundaries
 [25:28] Rich and Sassy Vision & Close

 -- The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You'll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/

SpaceX is making history. It's the 6th most valuable publicly traded company in the world. Opened on Wall Street at $150 a share after a tense two hour delay. Learn more about your ad choices. Visit megaphone.fm/adchoices

Les journalistes et experts de RFI répondent également à vos questions sur l'entrée en Bourse de SpaceX, la suspension du procureur général de la CPI et des manifestations anti-immigration en Irlande du Nord. RDC : la voie vers une nouvelle Constitution est-elle désormais ouverte ?  En RDC, un texte central en cas de changement de la Constitution alors que le deuxième et dernier mandat du président Félix Tshisekedi expire en 2028. Que dit ce texte ? De quelle manière pourrait-il faciliter la modification de la Constitution ? Quelles sont les prochaines étapes en vue de la révision de la Constitution ?  Avec Paulina Zidi, correspondante permanente de RFI à Kinshasa.      SpaceX : pourquoi son entrée en Bourse est-elle déjà historique ?  75 milliards de dollars levés en une seule journée. Un record historique. Ce vendredi 12 juin 2026, SpaceX a signé la plus grande introduction en Bourse jamais réalisée. Le groupe d'Elon Musk, qui réunit les activités spatiales, le réseau satellitaire Starlink et ses projets dans l'intelligence artificielle, a fait une entrée fracassante à Wall Street. Mais au-delà du record financier, que change réellement l'arrivée de SpaceX en Bourse ? Avec Jeanne Bartoli, journaliste au service économie de RFI.     CPI : le procureur général sera-t-il révoqué ?  Karim Khan a été suspendu de ses fonctions de procureur de la Cour pénale internationale. Déjà mis en retrait depuis mai 2025, il fait l'objet d'accusations d'agression sexuelle formulées par un membre de son équipe, des faits qu'il conteste catégoriquement. Pourquoi cette suspension intervient-elle seulement maintenant, alors que l'affaire a éclaté fin 2024 ? Que sait-on réellement des accusations ? Avec Stéphanie Maupas, correspondante de RFI à La Haye.       Irlande du Nord : pourquoi cette flambée de violences anti-immigration ?  La semaine dernière, Belfast a été le théâtre de plusieurs nuits de violences visant des immigrés. Ces tensions ont éclaté après une attaque au couteau pour laquelle un réfugié soudanais a été inculpé. Plusieurs habitations occupées par des étrangers ont été incendiées, tandis que des familles ont été contraintes de quitter leur domicile en raison de leur origine. Comment expliquer cette vague cette violence anti-immigration ? Avec Alma-Pierre Bonnet, maître de conférences en Civilisation Britannique à l'université Lyon 3.  

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The White House is taking an aggressive step to address one of the federal government's biggest workforce challenges: competing with the private sector for highly specialized talent. Katie Helbling and Jill Hamilton discuss what job seekers should pay attention to on our most recent episode of the security clearance careers podcast. Hosted on Acast. See acast.com/privacy for more information.

In hour 2, Sue hosts, "Sue's News" where she discusses the latest trending entertainment news, this day in history, the random fact of the day and more. Brad is then joined by Dave Simons, a Partner and the Managing Director at One Private Wealth. Simons reacts to Wall Street's huge day and discusses how the Iran Deal will impact the economy, the new Fed Chair, Kevin Walsh, and the changes he will make. He's later joined by KSDK Sports Director Frank Cusumano who discusses the Knicks winning the NBA Finals, the Hurricanes winning the Stanley Cup Finals, the United States' impressive start to the World Cup and more.

Brad is joined by Dave Simons, a Partner and the Managing Director at One Private Wealth. Simons reacts to Wall Street's huge day and discusses how the Iran Deal will impact the economy, the new Fed Chair, Kevin Walsh, and the changes he will make.

In hour 1 of The Mark Reardon Show with Brad Young guest hosting, Brad is joined by Jacob Olidort, a Chief Research Officer and Director of American Security at the America First Policy Institute. He shares the latest known information on the Memo of Understanding with Iran. When will it be signed? Will it hold? Brad is then joined by George Rosenthal, a Co-Owner of Throttlenet for Tech Talk Tuesday. They discuss the UK British Prime Minister, Kiers Starmer, announcing a ban for kids under the age of 16 from using social media apps. How will it work? What are the pro's and cons? In hour 2, Sue hosts, "Sue's News" where she discusses the latest trending entertainment news, this day in history, the random fact of the day and more. Brad is then joined by Dave Simons, a Partner and the Managing Director at One Private Wealth. Simons reacts to Wall Street's huge day and discusses how the Iran Deal will impact the economy, the new Fed Chair, Kevin Walsh, and the changes he will make. He's later joined by KSDK Sports Director Frank Cusumano who discusses the Knicks winning the NBA Finals, the Hurricanes winning the Stanley Cup Finals, the United States' impressive start to the World Cup and more. In hour 3, Brad is joined by Jeff Mordock, a White House Correspondent for the Washington Times. They discuss President Trump's upcoming meeting in France with President Macron, what they're hoping to accomplish and further details on the Iran Peace Deal. He later shares the hypocrisy in the left's Voter ID beliefs and the evidence to back it in California. Brad later discusses whether or not being rich is immoral and why the Democrat Party was to take away the rich's control of their money.

Patrick Moorhead and Daniel Newman cover Tim Cook's final WWDC as CEO and Apple's Gemini-powered Siri strategy, the $35 billion Apollo and Blackstone deal backing Anthropic's capacity expansion, Intel's packaging wins with Google and NVIDIA, SpaceX's IPO at a $1.77 trillion valuation, Anthropic's Claude Fable 5 and Mythos 5 launch across every major cloud, and earnings reactions from Oracle, Micron, and Adobe. The handpicked topics for this week are: Apple's Siri AI Will Run on Gemini, Closing Out Tim Cook's Final WWDC as CEO: At WWDC, Apple confirmed Siri AI will run on Gemini through a new billion-dollar per year, multi-year deal, while Apple's Foundation Model Cloud Pro runs on NVIDIA GPUs inside Google Cloud. The announcement marks Tim Cook's last WWDC as CEO before John Ternus takes over on September 1. Apple isn't building its own AI cluster or competing on CapEx. They're betting that by owning the consumption layer, backed by access to health data and private messaging through iMessage, Apple will have a moat that compute spending can't replicate. (The Decode) Apollo and Blackstone Close the Largest Private Credit Deal Ever Backing Anthropic's Capacity Expansion: A $35 billion deal, the largest private credit transaction on record, will fund Google TPU capacity tied to Anthropic's compute needs, with Broadcom backstopping senior debt tranches and Google backstopping lease payments. The structure treats compute as a lendable asset class and signals more than 20 gigawatts of demand still being built out through 2028. Circular financing between chipmakers, cloud providers, and AI labs has moved from controversial to standard practice. (The Decode) Intel's Foundry Wins Packaging Work on Google's TPUs, Not a Full Fab Deal: Reports that Intel landed a deal tied to Google and NVIDIA reframe what's actually being handed off. Intel gets the packaging work on over 3 million TPUs, the compute die stays with TSMC, and the I/O die is being negotiated with Samsung at 2nm. INTC rose 12% Monday. The deal represents a low-risk path for Intel to augment, not replace, TSMC, while raising questions about anti-competitive dynamics in the foundry market. (The Decode) SpaceX Becomes an AI Infrastructure Company With a $1.77 Trillion IPO: SpaceX's IPO priced amid oversubscribed demand, with its valuation now reflecting not just Starlink connectivity and launch dominance but a newly material AI business, including AI1 orbital data center tests planned for late 2027 and a $920 million per month Google compute contract running through 2029. A sum-of-the-parts breakdown of the connectivity, launch, and AI segments lands well short of the trading price, with the gap largely explained by confidence in Elon Musk's track record of execution. (The Decode) Anthropic Launches Claude Fable 5 and Mythos 5 Across Every Major Cloud: Anthropic shipped Claude Fable 5 and Mythos 5 with same-day availability across Snowflake, AWS Bedrock, Vertex AI, and Microsoft Foundry, pricing at $10 and $50 per million tokens. The hyperscaler-neutral distribution strategy lands ahead of Anthropic's anticipated IPO. The models represent a real step up in research capability over Opus 4.8, but they come with a significant change. Users no longer have the option to opt out of data sharing with Anthropic, a shift some enterprises, including Microsoft, are already responding to. (The Decode) Is SpaceX a Once-in-a-Generation Entry or the Top of the Market? One side argues SpaceX represents a generational opportunity on par with early Amazon or Netflix, with interplanetary travel and off-world resource extraction as the long-term payoff that justifies looking past current valuation math. The other side argues this is peak euphoria: a company trading at roughly 95 times sales, propped up in part by circular investment from Google into both SpaceX and its AI segment, with a steep drawdown likely before any sustained climb. (The Flip) The Chip and Security Trade Reverses From Broken to Bifurcated: The semiconductor sector posted its biggest single-day gain since 2020, with the SOX up 5% on Monday, June 8, as a prior selloff in names like Broadcom, CrowdStrike, and Palo Alto Networks fully reversed. Intel rose 12%, Marvell 10%, and Corning 7%. The rebound reframes the AI trade narrative from a broad breakdown to a split between winners and laggards within the same sector. (Bulls & Bears) Oracle Posts a Record Quarter, But the Market Focuses on a $50 Billion Funding Plan: Oracle delivered record revenue of $19.2 billion, up 21 %, with EPS of $2.11, beating estimates of $1.89. IaaS grew 93 %, the fastest pace among hyperscalers, and RPO hit $638 billion, up $85 billion quarter over quarter, including $75 billion in AI contracts. FY27 guidance of $90 billion was maintained, and EPS guidance was raised, yet the stock fell 5% after hours amid concerns about Oracle's capital spending plans. Oracle's AI cloud backlog now exceeds those of AWS, Google, and Microsoft, built heavily on commitments from Anthropic and OpenAI. (Bulls & Bears) Micron's Profit Trajectory Puts It in Google's Earnings Tier: Micron is projected to generate nearly as much profit in 2027 as Google, with Q2 revenue of $23.86 billion, up 22 % and beating estimates, and Q3 guidance of $33.5 billion in revenue, $19.15 EPS, and 81 % gross margin. The stock is up 776%, with Wall Street firms, including UBS, raising price targets. The open question is whether memory has broken its historically cyclical pattern given sustained AI demand. (Bulls & Bears) Adobe Beats Across the Board, But the Stock Drops on CEO Departure and Freemium Pivot: Adobe posted record revenue of $6.62 billion, up 13 % and beating consensus of $6.45 billion, with non-GAAP EPS of $5.96, topping estimates of $5.81. AI first ARR tripled year over year to over $500 million, with total ARR reaching $27.1 billion, and FY26 guidance was raised. The stock still fell 5.5 % after hours, driven by the CFO's departure to Marvell and market concern over a strategic shift toward freemium pricing that delays near-term profitability. (Bulls & Bears) Watch the full video at sixfivemedia.com, and be sure to subscribe to our YouTube channel so you never miss an episode. The Decode Apple WWDC- Apple Caves to Google AND NVIDIA — Siri AI Runs on Gemini ($1B/yr) + Apple Foundation Model Cloud Pro Runs on NVIDIA GPUs in Google Cloud; Tim Cook's Final WWDC as CEO Before John Ternus Succeeds Him Sept 1 https://www.cnbc.com/2026/06/08/apple-wwdc-2026-live-updates.html Google's $35B Infra Deal — Apollo + Blackstone Close the Largest Private Credit Deal Ever; Broadcom Backstops Senior Tranches; Google Backstops Lease Payments https://www.reuters.com/business/apollo-blackstone-back-anthropics-35-billion-capacity-expansion-new-broadcom-tie-2026-06-09/ Intel's Foundry Reportedly Wins Google Packaging (Not Full Fab) — The Information Reframed: 3M+ TPU Packaging by Intel, Compute Die Still TSMC, I/O Die Being Negotiated With Samsung 2nm; INTC +12% Monday; Pat Calls Out TSMC Anti-Competitive Risk https://www.trendforce.com/news/2026/06/09/news-intel-foundry-gains-momentum-as-google-reportedly-orders-3m-tpus-nvidia-evaluates-18a-for-multi-die-gpu-design/ SpaceX Becomes an AI Infrastructure Company — Friday IPO at $1.77T; AI1 Orbital Data Center Tests Late 2027; Google $920M/mo Compute Contract Through 2029 https://finance.yahoo.com/markets/stocks/articles/spacex-poised-history-record-75-100000402.html Anthropic Ships Claude Fable 5 + Mythos 5 — Same-Day Distribution Across Snowflake, AWS Bedrock, Vertex AI, Microsoft Foundry; Hyperscaler-Neutral by Design Ahead of IPO; $10/$50 per M Tokens https://www.anthropic.com/news/claude-fable-5-mythos-5 The Flip FOR: https://www.cnbc.com/2026/06/11/spacex-billionaire-investing.html AGAINST: https://www.nytimes.com/2026/05/20/technology/elon-musk-spacex-ipo.html Bulls & Bears The Chip + Security Tape Recovery — SOX +5% Monday June 8 (Biggest Day Since 2020); AVGO/CRWD/PANW Selloff Reversed; Intel +12%, Marvell +10%, Corning +7%; the AI Trade Pivots From "Broken" to "Bifurcated" https://www.investopedia.com/stock-market-today-dow-jones-s-and-p-500-06082026-11992852 Oracle (ORCL) Q4 FY26 ACTUALS — Record $19.2B Rev (+21%), EPS $2.11 Beat ($1.89); IaaS +93%; RPO HITS $638B (+$85B QoQ, $75B AI Contracts); FY27 $90B Guide Maintained, EPS Guide Raised; Stock −5% AH on Massive Capex Plan https://www.tradingkey.com/analysis/stocks/us-stocks/261959450-oracle-record-q4-2026-earnings-report-cloud-data-center-stock-tradingkey "$MU Will Generate Almost As Much Profit in 2027 as $GOOGL"; Q2 Rev $23.86B (+22% Beat), Q3 Guide $33.50B / $19.15 EPS / 81% GM; MU Stock +776%; UBS Among Wall Street Raising Targets https://247wallst.com/investing/2026/06/11/wall-street-just-put-a-monster-target-on-micron-is-the-stock-still-too-cheap/ Adobe (ADBE) Q2 FY26 ACTUALS — Record $6.62B Rev (+13%) Beats Consensus $6.45B; Non-GAAP EPS $5.96 Beats $5.81; AI-First ARR Triples YoY to $500M+; Total ARR $27.10B; FY26 Guide RAISED; Stock −5.5% AH Despite Beat-and-Raise https://www.businesswire.com/news/home/20260611677110/en/Adobe-Reports-Record-Q2-Results    

SpaceX ist am Freitag in New York an die Börse gegangen – und der Start an der Nasdaq hätte kaum spektakulärer laufen können. Das Unternehmen wurde auf einen Schlag über zwei Billionen Dollar wert. „Die Aktie war zu einem Kurs von 135 Dollar ausgegeben worden. Den ersten Handelstag schloss die Aktie dann am Freitag mit einem Plus von 19 Prozent bei rund 161 Dollar ab. Zwischenzeitlich lag sie sogar bei 176 Dollar", sagt Manuel Koch. Der Chefredakteur von Inside Wirtschaft weiter: „Der größte Gewinner? Elon Musk. Durch seinen Anteil von rund 40 Prozent an SpaceX ist sein Vermögen weiter explodiert. Damit wird er zum ersten Menschen mit einem Vermögen von mehr als einer Billion Dollar – zumindest auf dem Papier. Der Börsengang brachte SpaceX außerdem 75 Milliarden Dollar ein. Fest steht: Der SpaceX-Börsengang ist bereits jetzt ein Stück Börsengeschichte." Alle Details im Video von der New York Stock Exchange und auf https://inside-wirtschaft.de

SCHEDULE YOUR FREE PORTFOLIO REVIEW TED & THE OXBOW TEAM at https://www.thoughtfulmoney.com/oxbowVeteran high net worth money manager Ted Oakley warns that we're currently in a "lemming market".Investors, whipped up by a complicit Wall Street, are stampeding in a herd after bigger and bigger speculative gains.At some point, he says from the experience of past cycles, they follow each other off a cliff and suffer losses that often set them back years.So how is Ted and his team at Oxbow managing client funds in this market environment?To find out, watch this video.#spacex #marketcorrection #commodities _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/disclosureThoughtful Money Agreement: https://thoughtfulmoney.com/agreementIMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

Yesterday SpaceX became the largest company ever to go public, in an IPO that values Elon Musk's rocket-and-AI conglomerate at $1.78 trillion. But SpaceX is just the first. Anthropic and OpenAI have both filed to go public, Alphabet has just raised a record $85 billion in new stock, and Meta is reportedly considering doing the same. Goldman Sachs expects as much as $675 billion of new equity to hit the market this year.For two decades the stock market did nothing but shrink — companies stayed private, bought back their own shares, and got taken private by private equity, leaving less and less stock to go around. That era is now over. In this video I look at why all of this is happening at once, what the AI buildout has to do with it, why the SpaceX deal has been such an awkward experience for Wall Street, what the prospectus actually reveals about where the $75 billion is going, and whether any of it is a good investment — with a look back at what happened to people who bought Cisco at the top in 2000.Patrick's Books:Statistics For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3eerLA0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Derivatives For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://amzn.to/3cjsyPF⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Corporate Finance: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3fn3rvC ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ways To Support The Channel:Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/PatrickBoyleOnFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Send us Fan MailMindy Kaling's new sitcom "Not Suitable for Work" just dropped, and we have thoughts. We are two Wall Street veterans breaking down everything the show gets right — and wrong — about what it actually looks like to show up as a first-year analyst at a bulge bracket investment bank, navigate office politics (and romance!), and try to build a life in New York City on a salary that sounds impressive until you see the rent.But this episode goes way beyond the finance. We're digging into the bigger questions the show raises: Is the Gen Z "lazy" narrative fair, or are young people today actually working harder than any generation before them for a fraction of the opportunity? What does the clash between generations reveal about the tension between hustle culture and the new workplace? And when a show in 2025 depicts five young people meeting, dating, and falling for each other entirely without apps, is that wish fulfillment or an active campaign for something we've lost?We're also getting into the male-female dynamics, the nepo baby problem, the intergenerational clash between millennials and Gen Z, and what it means that the most cutthroat character in the entire friend group is a woman. Plus — what does it say that the show's most pointed commentary on AI lands not in the banking storyline, but through a struggling med-student-turned-actor being asked to dig the grave of his own profession?We LOVE reviewing books, movies, tv shows, and everything in pop culture from a finance aspect --- send us your ideas for what you want us to review next!Shop our Self Paced Courses:Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERESubscribe to our Substack: https://substack.com/@thewallstreetskinny

Meka Mo grew up in Queens, worked on Wall Street, watched the Miracle on the Hudson happen from her office window, lost a South London church basement crowd the moment she swore in front of some Jamaican grandmas, and has never once been pickpocketed anywhere in the world. She's been navigating cultural minefields ever since — and making it look easy.Meka Mo is a New York City-based comedian, host of the emotional wellness comedy podcast We're Done Here, and a regular on the international comedy circuit. Her new show, New York City Dreams, will be playing at this year's Edinburgh Fringe. Why performing internationally means constantly working out which jokes travel and which ones don't Why she's never been pickpocketed anywhere in the world — and the flatmates who kept getting robbed in LondonThe Columbus Day joke that went badly in Las Vegas Watching the Miracle on the Hudson happen in real time from her office window on Wall Street.Connect with Meka here:InstagramYouTubeWebsiteGet tickets for Meka's Edinburgh Fringe show here: NewYorkCityDreamsFind us on social media — links on the About page. Hosted on Acast. See acast.com/privacy for more information.

On this week's Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss Wall Street's rebound despite inflation hitting its highest mark since 2022 propelled in part by SpaceX's Initial public offering; President Trump's claim to a ceasefire deal to immediately open the Strait of Hormuz as Iran says more time is needed and Israel says it's not party to any agreement; president's planned meeting next week at the White House to meet with top US defense executives accelerate weapons production refill stocks depleted by continuous military operations and support for Ukraine and Israel; the House Armed Services Committee moves to back the Trump administration's 2027 budget request at $1.15 trillion, but House appropriators mark the measure at $1.07 trillion as consensus grows that reconciliation measure to add $350 billion to the Pentagon budget is unlikely, setting up the prospect of jamming $1.15 trillion of spending into $1.15 trillion in available funding; implications of planned US cuts to forces available to NATO including fighter, reconnaissance and tanker aircraft, bombers, a ballistic missile submarine and warships including an aircraft carrier as alliance members remain unable to unite to compensate for Washington's pull back; the unraveling of the Franco-German SCAF next generation combat air systems effort with Spain and Belgium at the Berlin Air Show; Germany is now said to be eying participation in the Global Combat Air Program led by Britain and including Italy and Japan as reports suggest London's funding for marquee effort is shaky; the resignations of British Defence Secretary John Healey and Armed Forces Minister Al Carns to protest Prime Minister Keir Starmer's inability to bolster defense spending as Japanese officials reportedly expressed frustration at Britain's funding levels for the program; and more tensions between France and Germany at the Eurosatory ground warfare exhibition in Paris next week.

Chris Markowski, known as the Watchdog of Wall Street, discusses the harsh realities of the financial world, particularly focusing on the Social Security system, the failures of Obamacare, and the importance of true wealth beyond material possessions. He emphasizes the need for personal responsibility in financial planning and critiques the political landscape's handling of these issues. Morkowski also touches on the spending habits of young athletes and the immigration system's impact on the labor market, advocating for a revamp of education to support skilled labor.

De hele wereld zal het volgen: de eerste rentevergadering van de Federal Reserve onder de nieuwe voorzitter Kevin Warsh. De economie is wel toe aan een renteverhoging, eentje die de Europese Centrale Bank deze week al doorvoerde. De vraag is of Kevin Warsh al durft te volgen, of dat hij toch nog even aan de leiband van president Trump blijft hangen. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen. Te gast: Nico Inberg van De Aandeelhouder BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie. Van Musk tot Microsoft en van Ahold tot ASML. Wij vertellen je wat beleggers bezighoudt, wie de markten in beweging zet en wat dat betekent voor jouw beleggingsportefeuille.See omnystudio.com/listener for privacy information.

John talks with John Terrett about the latest in the markets. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stop Negotiating with Poverty. And I'm not just talking about money… I'm talking about the Poverty Mindset that keeps convincing you to think smaller than GOD designed you to think. The market rewards people who see opportunity, while poverty trains people to only see limitations. Every day you entertain excuses, doubt, and scarcity, you're negotiating against your own future. GOD didn't create you to survive, HE created you to multiply. At some point, you gotta stop making agreements with fear, stop making room for average, and stop talking yourself out of abundance. Because Wealth starts in the mind long before it ever shows up in your Bank Account.⚖

This Week In Startups is made possible by:Plaud https://Plaud.ai/twistPilot https://pilot.com/twistAgree https://agree.comIM8 Health https://IM8health.com/twistAfter watching Elon build out his rocket (and AI) company over the past 20 years, Jason celebrates the SpaceX IPO on a new TWiST. He explains why some investments are evaluated based on earnings and current numbers, while other stocks are bets on expensive visions for the future, and why SpaceX why likely pay off across multiple time horizons.PLUS Polsia solo founder Ben Cera is back with guidance for founders on creating a “Purple Cow”: a unique experience that makes their brand memorable.Guest:Ben Cera on X: https://x.com/BenceraPolsia: https://polsia.com/Polsia on X: https://x.com/polsiaBen on TWiST E2256 (Feb 2026): https://www.youtube.com/watch?v=QCce8e02IswRelevant Links:SpaceX: https://www.spacex.com/SPCX on Yahoo Finance: https://finance.yahoo.com/quote/SPCX/Starlink: https://www.starlink.com/Planet Labs: https://www.planet.com/Palantir: https://www.palantir.com/Valor Equity Partners: https://www.valorep.com/Seth Godin's “Purple Cow” on Amazon: https://www.amazon.com/Purple-Cow-New-Transform-Remarkable/dp/1591843170Uber Ice Cream stunt article: https://finance.yahoo.com/news/ubers-brilliant-marketing-stunt-hail-195946535.htmlHillsborough Flintstones House article: https://www.sfgate.com/travel/article/The-Flintstone-House-is-now-for-rent-on-Airbnb-10420107.php“19 Hours Inside the Airbnb X-Mansion” article: https://www.theringer.com/2024/05/29/pop-culture/x-mansion-airbnb-x-men-icons-experienceWas The Pepsi Challenge based on LIES? https://www.historyoasis.com/post/the-pepsi-challengeCloudKitchens: https://cloudkitchens.com/Cluely: https://cluely.com/Timestamps:0:00 SpaceX IPO details2:12 Plaud: If your work depends on conversations — interviews, meetings, calls — you need a Plaud NotePin. You can check it out at https://Plaud.ai/twist and use code TWIST for 10% off!7:21 The voting vs. weighing investment framework9:41 Pilot: Focus on your product, let Pilot handle your bookkeeping. Pilot provides the most reliable accounting, CFO, and tax services for startups and small businesses. Head to https://pilot.com/twist and get $1,200 off your first year.19:53 Agree - Stop chasing invoices at https://agree.com and tell them Jason sent you to get 50% off for life!22:25 The media's SpaceX criticisms and "hot takes"23:54 Ben Cera of Polsia is back26:53 Why Jason says no to a free tier29:10 IM8 Health: Start feeling like your best self every day. Go to https://IM8health.com/twist and use the code TWiST to get a free welcome kit, five free travel sachets, and 10% off your order.34:27 The wisdom of Seth Godin's "Purple Cow"50:37 The "Pepsi Challenge" model1:05:45 Lon got a dog, Jason got routers1:10:37 The YouTuber to movie theater pipeline1:15:20 Jason's new favorite travel bagSubscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.comCheck out the TWIST500: https://www.twist500.comSubscribe to This Week in Startups on Apple: https://rb.gy/v19fcpFollow Lon:X: https://x.com/lonsFollow Alex:X: https://x.com/alexLinkedIn: ⁠https://www.linkedin.com/in/alexwilhelmFollow Jason:X: https://twitter.com/JasonLinkedIn: https://www.linkedin.com/in/jasoncalacanisCheck out all our partner offers: https://partners.launch.co/Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarlandCheck out Jason's suite of newsletters: https://substack.com/@calacanisFollow TWiST:Twitter: https://twitter.com/TWiStartupsYouTube: https://www.youtube.com/thisweekinInstagram: https://www.instagram.com/thisweekinstartupsTikTok: https://www.tiktok.com/@thisweekinstartupsSubstack: https://twistartups.substack.com

Born in Frankfurt to a prominent religious family, Jacob Schiff (1847-1920) was raised in the milieu of Rav Samson Raphael Hirsch's Frankfurt, before migrating to the United States in 1865. Rising rapidly in the investment banking world of Wall Street during the post Civil War economic boom, Schiff emerged as both an exemplary philanthropist, distributing his vast wealth to myriad Jewish causes in America and worldwide, as well as cementing himself as the undisputed leader of American Jewry. Particularly close to his heart was the plight of Russian Jewry under the brutal Czarist regime, and he lobbied for unrestricted immigration to the United States, assisting Jewish immigrants once they arrived. He also financed Japan in the Russo-Japanese War, which led to Japan defeating the Russian Navy. Jacob Schiff's legacy in philanthropy and leadership is largely unmatched in the annals of American Jewish history.  Subscribe to Jewish History Soundbites Podcast on: PodBean: https://jsoundbites.podbean.com/ or your favorite podcast platform Follow us on LinkedIn, Twitter or Instagram at @Jsoundbites For sponsorship opportunities about your favorite topics of Jewish history or feedback contact Yehuda at: yehuda@yehudageberer.com

Elon Musk has become the world's first trillionaire, with the IPO of his company SpaceX. He is a symbol of how the United States has become an oligarchy, where elections are bought by rich elites and large corporations, and extreme wealth is concentrated in a few hands. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=Dj-hd3l4dSo Topics 0:00 Elon Musk, world's first trillionaire 0:50 Oligarchy 1:54 SpaceX IPO 3:06 SpaceX is losing lots of money 4:13 Wall Street changes the rules 5:39 Trump coin pump and dump 6:14 Reasons to avoid SpaceX 7:04 Musk: symbol of US oligarchy 8:45 Wealth concentration 9:55 Gilded Age & robber barons 11:13 Money wins US elections 13:06 Elon Musk funded Trump 14:52 Larry Ellison buys up media 17:14 Capitalist class 18:19 Progressive Era 19:27 Great Depression & New Deal 20:08 Golden Age of capitalism 20:59 Tax rates 22:08 Tax burden shifts onto workers 23:24 Billionaires avoid taxes 24:34 Neoliberalism 25:18 Financial crisis & QE 26:54 Neofeudalism / technofeudalism 28:27 Artificial intelligence (AI) 29:24 Universal basic income (UBI) 30:50 Nationalize Big Tech 33:04 China's alternative 33:58 Outro

Charles is joined by Eva Ados, COO of ER Shares, to discuss the high-stakes potential of a SpaceX IPO and the company's infrastructure moat, why they are blocking Wall Street hedge funds from hijacking the XOVR ETF, and the strong fundamentals of companies like Anduril and Astera Labs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Listen to Jim Cramer's personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money. Mad Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We're back with another episode of The Week, a new weekly show from Prof G Media, hosted by George Hahn. Every Friday, we'll break down the biggest stories shaping business, technology, politics, and culture — and connect the dots across the conversations happening throughout the Prof G universe. This week, George Hahn breaks down what the war in Iran reveals about American power, why Wall Street is bracing for a wave of AI IPOs, and how the housing crisis is reshaping the American Dream. Plus, Scott reflects on our obsession with optimization — and why the most important things in life can't be measured. We'd love your feedback as we build this show. Let us know what you think at info@profgmedia.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Trump walks back his threat of a third day of airstrikes on Iran, and again claims he's on the verge of a peace deal. Plus, Wall St. gears up for Elon Musk's Space X to go public, in what's expected to be the world's largest stock market debut. Then - weaponizing the Department of Justice: new reporting on Trump's efforts to use the agency to carry out retribution on his opponents. Peter Baker, David Drucker, Joyce Vance, Teddy Schleifer, Brendan Greeley, Devlin Barrett, and Andrew Yang join The 11th Hour tonight.  To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today's Headlines: SpaceX went public today raising $75 billion at a $1.77 trillion valuation, making Elon Musk humanity's first trillionaire. Moving on, Trump spent Thursday morning threatening to seize Iran's main oil hub Kharg Island, then hours later cancelled strikes because Iran "approved a draft agreement" to reopen the Strait of Hormuz and begin 60 days of nuclear negotiations — except Iran's own state media reported no agreement had been approved and that "the Americans kept changing their positions," though the stock market had its best day in two months anyway because the concept of a deal is apparently enough for Wall Street. In voter suppression news, the USPS quietly changed its rules to require states to hand over voter lists for anyone requesting mail-in ballots, with 23 states suing to stop it and the first judge already declining to block it, because of course they did. Trump dropped Bill Pulte as acting DNI after even Republicans said no, replacing him with Jay Clayton — Manhattan US Attorney, former SEC chair, and someone with no intelligence experience but a strong track record of loyalty to Trump. The DOJ is subpoenaing JP Morgan, Bank of America, and Wells Fargo to investigate alleged "debanking" of conservatives, with the primary evidence being that Trump lost his bank accounts after January 6th, and a DOJ staffer working on Traitor Fund legislation quietly asked to recuse himself because he was planning to file a claim from the same fund he's helping write. In Trump shenanigans news, his birthday UFC cage fight is set up on the White House lawn — with rain in the forecast — and workers will operate 20 hours a day year-round to build his gold arch in DC by the end of his term. And finally, Vance Boelter, the Minnesota man who posed as a police officer and murdered the Democratic speaker of Minnesota's state house, her husband, and their dog, pleaded guilty and received two consecutive life sentences plus 40 years. Resources/Articles mentioned: WSJ: SpaceX Officially Raises $75 Billion in Record-Breaking IPO Axios: Why Kharg Island is central to Trump's escalating Iran threats Axios:Trump cancels Iran strikes as mediators claim deal close AP News: US stocks jump, and oil prices ease on hopes for a deal to get crude flowing globally again CNN: Postal Service won't deliver mail ballots for states that don't hand over voter lists, under plan for Trump directive  Axios: Trump picks Jay Clayton for Director of National Intelligence Lever News: The Epstein Prosecutor With A Portfolio Problem WSJ: Jeanine Pirro's Prosecutors Probe Big Banks for Alleged ‘Debanking' Politico: Top DOJ official planned to make a claim with Trump's ‘Anti-Weaponization Fund' AP News: Man pleads guilty to killing a top Minnesota Democrat and her husband while posing as an officer AP News: Lights! Camera! Cage match! The White House lawn's Octagon is ready for Trump's 80th birthday bash AP News: Administration plans intensive, year-round construction schedule for Trump's triumphal arch Subscribe to the Betches News Room and join the Morning Announcements group chat. Go to: betchesnews.substack.com Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

The news to know for Friday, June 12, 2026! We'll tell you about President Trump's new choice for the top intelligence job, in the face of backlash over his last one. Also, the elaborate preparations for White House Fight Night, as well as the obstacles that have already come up for cities hosting the World Cup. Plus, a severe weather outbreak that's now moving to another part of the U.S., a warning about a dangerous new social media challenge, and how SpaceX has already made history ahead of what's expected to be a record-breaking first day on Wall Street. Those stories and even more news to know in about 15 minutes!    Join us every Mon-Fri for more daily news roundups!  See sources: https://www.theNewsWorthy.com/shownotes Become an INSIDER to get AD-FREE episodes here: https://www.theNewsWorthy.com/insider Get The NewsWorthy MERCH here: https://thenewsworthy.dashery.com/ Sponsors: Get 20% off a Rosetta Stone Sapphire subscription when you visit ! Get 15% off OneSkin with the code NEWSWORTHY at  #oneskinpod   To advertise on our podcast, please reach out to ad-sales@libsyn.com