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California Gas Prices Hit $6 Per Gallon As Oil Markets Face Middle East Deadlock

Key Points: California gasoline prices officially crossed the $ 6-per-gallon mark, making it the nation's highest. The national average price for gas jumped to $4.30 per gallon, marking the highest level since July 2022. American drivers spent an extra $21.7 billion on fuel since March 1 due to rising global oil costs. The Federal Reserve voted 8-4 to keep interest rates unchanged despite growing inflation...

Jim Cramer Urges Investors to Keep Faith in Meta After Spending Spike

Key Points: Meta Platforms saw its stock drop over 9% after announcing a massive increase in future technology spending. The social media giant raised its capital expenditure budget by $10 billion to fund artificial intelligence projects. Jim Cramer reminded investors that Meta successfully bounced back from a similar spending crisis in 2022. Despite the stock drop, Meta beat financial expectations and showed strong growth in...

Blue Owl Scores Massive Profit Selling Half Its SpaceX Stake

Key Points: Blue Owl sold exactly half of its SpaceX shares at a $1.25 trillion valuation. The alternative asset manager secured a massive 10 times return on its original investment. SpaceX plans to launch a record-breaking public stock offering later this year to raise $75 billion. The upcoming public listing could elevate SpaceX founder Elon Musk to the status of the world's first trillionaire. New...