SpaceX shares dropped below their initial public offering price for the first time on Wednesday, just over a month after the rockets-to-AI firm ‌completed the biggest IPO ever and made Elon Musk the world's first trillionaire.

By almost any measure, SpaceX is overly expensive. Right now, the stock is trading nearly 100 times the company's sales. SpaceX's revenue is growing, b

Elon Musk’s rocket and AI company needs some good news. That could come Thursday with the launch of SpaceX’s reusable Starship.

Key Takeaways Shares of SpaceX fell to a new low near $132 on Wednesday, putting it below the $135 price at which it sold shares to the public last month.Investor skepticism about the AI trade could be hitting the stock,

The U.S. dollar stabilised on Thursday after ​touching a one-month low, as soft inflation data reinforced bets that the Federal Reserve will hold off on hiking ‌rates, while fresh Middle East tensions posed a risk to the outlook.

The dollar hovered near its one-month low on Thursday as investors weighed subdued U.S. inflation data, which dampened rate-hike expectations, against the risk

The dollar rose slightly against a basket of currencies and Commerzbank said the U.S.-Iran conflict prevented sustained dollar losses after lower-than-expected U.S. inflation data.

The dollar extended its weakness on Wednesday after tumbling from ​a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate ‌hike, despite concerns that elevated oil prices could fuel inflation risks.

The 95-year-old investor redirected nearly $6 billion in Berkshire Hathaway stock to his children's foundations after cutting Gates Foundation ties.

Billionaire Warren Buffett said Wednesday that his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates ' ties to convicted sex offender Jeffrey Epstein.

Warren Buffett said he and Bill Gates have had a "wonderful friendship," but the investor now trusts his kids to distribute his vast fortune.

The investor's decision comes weeks after Gates' appearance before US congress over his links to Jeffrey Epstein.

Still, the CEO seems to believe AI won’t radically reshape the bank’s workforce. JPMorgan Chase CEO Jamie Dimon has repeatedly suggested that AI adoption would not drive widespread layoffs at the bank.

JPMorgan CEO Jamie Dimon wants his successor to have everything from heart, soul, and grit to curiosity and emotional intelligence.

Jamie Dimon knows what he wants in his successor, and it’s a long list. “You want to be good at management, you want to be good at people, you want to be analytical, you want

Investors are keeping a close eye on JPMorgan's succession strategy, with Dimon having served as CEO for more than 20 years.

Shares in Taiwan Semiconductor Manufacturing Corp., or TSMC, declined on Thursday as investors likely sought to gain profit after a record quarter for the chipmaker giant, with expectations for the stock now “exceptionally high,

TSMC reports a 77% surge in quarterly profit, beating expectations by a wide margin. The contract chipmaker – Asia's most valuable company – said net profit came in at NT$706.6 billion in Q2, amid strong global demand for AI processors.

Taiwanese chipmaker TSMC reported a record net profit for the second quarter on Thursday, fuelled by massive demand for artificial intelligence hardware.

Major Taiwan computer chipmaker TSMC says it plans to spend another $100 billion on expanding its manufacturing capacity in the United States

The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy.

Brazil would be the first country targeted under President Donald Trump's new tariff strategy, which relies on Section 301 of U.S. trade law.

The Trump administration is imposing 25% tariffs on imports from Brazil after finding a range of what the U.S. deemed unfair trade practices by the world’s 10th-biggest economy

US starts new round of tariffs with 25% levy on most Brazil imports. July 16, 2026. The United States will impose a 25% tariff on most imports from Brazil starting July