Elon Musk is no stranger to financial alchemy. His latest feat: adding billions of dollars of debt onto his cash-burning business empire while simultaneously cutting its annual interest burden.

After SpaceX's IPO, Elon Musk's net worth reached new heights, but a tech stock sell-off has has pulled him back to billionaire status.

SpaceX's record-breaking IPO fueled a trading frenzy in its first week ‌as a public company, with its shares surging as retail investors and options traders rushed to bet on the Elon Musk-steered rockets-to-AI firm.

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.

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.

Asian stocks are mixed on Wednesday, following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures are also trading mixed. Global investors are monitoring market

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.

BofA Global Research's Benson Wu says extending South Korea's trading hours alone will not be enough to attract global investors, arguing that broader market-access reforms are needed for the country to achieve MSCI developed-market status.

South Korea will remain classified as an emerging market by MSCI after the global index provider decided not to upgrade the country to developed market status in its latest market accessibility review released on

South Korea’s stock market has been knocking on the door of inclusion in the Morgan Stanley Capital International (MSCI) developed market (DM) index for 18 years. The country was added to the emerging market (EM) index in 1992 and placed on the MSCI developed market watch list in 2008.

MSCI kept South Korea in its emerging-markets category despite reform efforts. MSCI extended Indonesia's review and warned of a possible frontier-market downgrade. Index provider MSCI kept South Korea classified as an "emerging market" in its most recent market accessibility review on Tuesday,

The Indian rupee is set to decline at Wednesday's open, with the dollar at a more-than-one-year high on Federal Reserve rate ​hike expectations and safe-haven demand.

BENGALURU >> The yen could weaken to 165 per dollar if the Federal Reserve raises interest rates this year, former Bank of Japan policymaker Sayuri Shirai said today, as wide U.S.-Japan rate differentials and doubts about Tokyo’s appetite for intervention maintain pressure on the currency.

The U.S. dollar extended its post-Federal Reserve gains on Tuesday, with the Dollar Index (DXY) climbing to 101.33, its strongest level since May 13, 2025, as investors continued to respond to last week's monetary policy signals.

The U.S. dollar rose to its highest level in more ​than a year on Tuesday as traders positioned for a more hawkish Federal Reserve despite oil ‌prices inching lower on ebbing Gulf tensions, while the yen strengthened after flirting with a four-decade low.

Germany will raise its retirement age gradually beyond 67, abolish early retirement and expand compulsory pension contributions under a set of new recommendations backed by Chancellor Friedrich Merz on Tuesday.

German Chancellor Friedrich Merz vowed to fully implement all reforms to the pension system proposed by a special commission and officially presented on Tuesday. "All elements of this reform package

Chancellor Merz says a proposed pension reform package should be fully implemented. A survey has shown that almost half of teachers in Germany find pupils' behavior stressful. DW has more.

A German pension commission ⁠appointed ⁠by Chancellor Friedrich Merz proposed ⁠gradually raising the country's retirement age and introducing a Swedish-style ​pension fund as part of pension reforms to tackle an ageing population.