Elon Musk has lost his trillionaire status as shares of SpaceX and Tesla experienced significant declines, reducing his net worth to $957 billion.
Posts published in “Business”
SpaceX shares have fallen 23% from their recent high, wiping out most gains for average investors who bought after the company's massive IPO.
The US National Highway Traffic Safety Administration has opened an investigation into a fatal crash where a Tesla Model 3 reportedly in self-driving mode collided with a Texas home, killing a resident.
S&P 500 futures declined early Tuesday, mirroring a broader market downturn driven by a sell-off in major technology stocks on Monday.
A new open-source AI model from Chinese company z.AI, named GLM-5.2, is capturing attention in Silicon Valley for its capabilities in coding and long-context tasks.
Asian stock markets mostly declined as concerns over the Middle East peace process led to a rise in oil prices and bond yields, increasing the likelihood of higher U.S. interest rates.
U.S. equity futures declined early Monday as investors assessed progress in Iran negotiations and awaited key inflation data. Oil prices also reacted to the news.
A driver told investigators his Tesla was on Autopilot when it crashed through a home wall, killing a 76-year-old woman. The investigation is ongoing.
The U.S. Education Department announced a temporary 1% interest rate reduction for federal student loans, but not all borrowers will qualify automatically.
New Federal Reserve Chair Kevin Warsh is reducing the central bank's communication, including "forward guidance" on interest rates, a move analysts warn could increase market volatility and potentially lead to higher borrowing costs.