Nasdaq Rebounds as Earnings, Oil Prices Offset Chip Slump
Nasdaq, S&P 500 and Dow all closed higher Tuesday as strong earnings and falling oil prices offset a pullback in chip stocks. Here's what moved markets.
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SpaceX Market Cap Plunges by Trillions in Unprecedented Valuation Drop
SpaceX has experienced a historic decline in estimated private market valuation, losing over $1.2 trillion amid broader tech sector adjustments.
Google Discloses $94.1B SpaceX Stake, 6% Holding
Alphabet disclosed a $94.1 billion stake in SpaceX, equal to roughly 6% ownership, offering a rare window into the rocket maker's soaring private valuation.
Americans Overhaul Grocery Habits as Food Prices Soar
Facing the steepest grocery price surge in decades, U.S. shoppers are switching stores, cutting brand loyalty, and rethinking meals to stretch every dollar.
SpaceX Investors Rattled as Paper Losses Mount in 2026
SpaceX investors are voicing frustration over shrinking valuations and paper losses in 2026, as Starship delays and rising costs sour secondary-market sentiment
Corporate America Pulls Back on AI Spending Spree
Companies are scrutinizing AI budgets after years of heavy spending, as cheaper models and thin returns push executives toward caution, per a new report.
Pentagon’s $7B Deal Tests Oracle Amid Stock Slide
The Pentagon awarded Oracle a $7 billion cloud computing contract as the company battles a stock slide driven by heavy AI infrastructure spending and debt conce
Tesla Shares Plunge After Grim Earnings Report
Tesla stock plunged after a disappointing Q2 2026 earnings report showed falling deliveries, shrinking margins, and mounting competition from Chinese EV makers.
Short Sellers Pile Into SpaceX Proxy Fund as Shares Sink
Short interest is surging against Destiny Tech100, the publicly traded fund holding SpaceX shares, as its stock slides from a steep valuation premium.
Gas Prices Hit $4 as Oil Spikes on Iran-Russia Fears
US gas prices climbed back above $4 a gallon after crude oil jumped more than 15% in a week amid escalating Iran and Russia tensions rattling energy markets.
