Elon Musk’s net worth has plummeted by more than $300 billion as SpaceX’s selloff extended into a third straight day on Monday, and the stock has wiped out all of its growth following a record-setting debut.

The rocket company’s shares have fallen nearly 30 per cent from their recent peak, reducing the company's market value from around $2.9 trillion to just over $2 trillion.

Shares in Elon Musk's rocket company are lower for the fourth consecutive day, a major reversal from their IPO boom.

Elon Musk's SpaceX turned to the bond market for the first time, capitalizing on ​a post-IPO momentum that has vaulted its cash reserves past $100 billion as the ‌rockets-to-AI group ramps up spending.

Cerebras Systems delivered a strong revenue outlook for 2026 that exceeded Wall Street expectations, but investors remained cautious as the companys profit margin forecast highlighted the challenges of competing with

Cerebras Systems’ stock bucked the chip-sector selloff in Tuesday’s regular session — but it was getting punished in after-hours trading, despite better-than-expected results and guidance in the AI-chip maker’s first earnings report as a public company.

Cerebras Systems on Tuesday forecast ​2026 revenue that beat Wall Street estimates, but shares sank as ‌the company's gross margin forecast confirmed it will be an uphill battle to challenge AI chip leader Nvidia in key markets.

The AI chip maker posted a smaller-than-expected loss of $3.5 million, versus a $44 million loss one year ago.

The cooling sentiment follows signals of higher interest rates and concern over the level of spending on AI investment, which has driven markets to record highs.

Investors are bracing for rough trading after stocks in Asia and Europe were clobbered on Tuesday. A.I. companies like SpaceX are getting hit hard.

Tech Now uncovers how technology is being used to track vessels that hide their location and go dark at sea. Florida's natural springs are portals to a prehistoric world hidden beneath turquoise and deep-blue waters.

US equity futures slump amid a global tech rout. South Korea's Kospi Index fell 10% from a record high as investors sell off chip heavyweights such as Samsung and SK Hynix. Amy Wu Silverman of RBC Capital Markets and Kevin Mahn of Hennion and Walsh Asset Management discuss the AI-related volatility in markets.

Russia is shipping more oil than at any time so far this year, even as it faces stiffer competition selling barrels to key customer India after a US sanctions waiver that freed up cargoes from rival supplier Iran.

The U.S. Treasury issued a 60-day license allowing the sale, delivery and export of Iranian oil.

Under the memorandum of understanding ⁠signed last week between Washington and Tehran, the United States agreed ⁠to issue waivers for the export of Iranian crude oil, petroleu

Iran is racing to court some of Asia’s largest oil buyers as a 60-day US sanctions waiver takes effect, a temporary lifeline that should allow Tehran to resume exports and begin clearing a backlog of cargoes on the water,

Gold futures were lower early Tuesday, with Deutsche Bank arguing that the recent retreat in precious metal prices is because of concerns about Federal Reserve rate rises rather than higher energy costs.

Gold prices fell on ​Tuesday, pressured by a firmer U.S. dollar on expectations of a Federal Reserve ‌interest rate hike this year, while investors assessed U.S.-Iran peace talks.

Gold Falls as Dollar Strength Weighs on Demand Gold prices moved lower on Tuesday as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest-rate increases reduced the appeal of the precious metal.

May, the price of gold has resumed falling, turning into a steep log flume carnival ride-like plunge in the last several weeks.

As the world marks the passing of former Federal Reserve Chair Alan Greenspan, who died on Monday aged 100, it's almost fitting that the U.S. central bank is entering a period of "less is more" when it comes to communications — something the "maestro" himself would have approved of.

Alan Greenspan, the influential economist who steered United States' monetary policy as chairman of the Federal Reserve has died at 100.

In his 18½ years at the Fed, Greenspan presided over a breathtaking surge in stock prices and a 10-year economic boom that began in March 1991. He was widely celebrated as the Ma

Seven facts about ⁠former ⁠Federal Reserve Chairman Alan ⁠Greenspan, who died on Monday at age ​100: * Greenspan grew up a Benny Goodman fan and ‌before taking up economics ‌he studied clarinet for two years at New ⁠York's ⁠Juilliard School and played saxophone with a touring jazz ​band.