SpaceX drops more than 3% following $400 billion selloff
Gains have been pared back at the space and AI company following an initial surge after its record-breaking IPO.

Gains have been pared back at the space and AI company following an initial surge after its record-breaking IPO.
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
Apollo is capping investor redemptions in its main retail-focused private credit fund after exit requests hit 17%.
Google parent Alphabet has seen consecutive high-profile artificial intelligence researchers leave.
The latest action against ABC comes as the broadcaster faces two investigations from the Federal Communications Commission.
A rally following the company's record breaking IPO on June 12 has cooled, with stock dropping the past three days of trading.
Pennsylvania Gov. Josh Shapiro touted a $20 billion economic development deal last June, the state's largest ever. It's caused Shapiro no shortage of grief.
Ten years after the Brexit vote, CNBC compiled these charts show how the U.K. has changed across growth, immigration, sterling, trade and politics.
Indian fintech startup Cred will raise $900 million in a round led by Meta, but has lost its founder and CEO to WhatsApp.
Global deal value of M&A is on track to reach $4 trillion in 2026, making it the strongest year since 2021
Treasury Secretary Scott Bessent authorized the import of Iranian oil and refined products into the U.S. through at least August.
Beijing's latest push into electric trucks has echoes of measures announced more than a decade ago to develop new energy passenger cars.
CNBC Elite Advisors recognizes wealth management firms serving high net worth and UHNW clients.
This year could see a major drive to everyday essentials, a growing category for the e-commerce giant's annual shopping event.
The latest consumer data reinforce how consumption in China remains subdued.
Harris County authorities said that the driver, Michael Butler, said that he had been using Tesla's partially automated driving systems.
Oil falls Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.
Rep. Ro Khanna, D-Calif., has been a critic of the Elon-Musk-led Department of Government Efficiency cuts.
Beijing is summoning tech executives for meetings as it did in 2021, but now it has less room to wield a heavy hand due to deflation and rivalry with the U.S.
The House is also expected to advance a sprawling housing package this week that's aimed at creating more supply and making homes more affordable.
Shares of Nvidia have been faltering recently — and Kalshi traders predict that what the company can charge for chips is also declining.
Micron and Cerebras report this week. Also there's heavy options activity in Super Micro.
Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the Persian Gulf loaded with oil.
Alan Greenspan presided over the Federal Reserve for 19 years under four presidents and mastered the art of obfuscation known as Fedspeak.