Casino mogul Steve Wynn is resigning as CEO of Wynn Resorts following sexual harassment allegations. He will be replaced by Matt Maddox who has been the president of Wynn Resorts since 2013. This comes weeks after Wynn stepped down as finance chair of the Republican National Committee.
Snap shares soared following a stellar earnings report. The social media company beat on earnings and revenue for the first time since going public. Snap also announced a big increase in daily active users, bringing the total number of users to around 187 million.
SpaceX successfully launched its Falcon Heavy rocket. More than 2 million people tuned into the live stream of the launch. It is now the most powerful rocket in operation. Nick Lucchesi, executive editor of Inverse, says the launch marks a new chapter in space exploration.
And U.S. gold medalist Dana Vollmer joins us to give her take on the upcoming Winter Olympics and share her tips on heart health. Even though she isn't competing in the games, she's excited to watch. Vollmer and Go Red For Women spokesperson Dr. Suzanne Steinbaum discuss ways to make sure your heart is healthy.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
