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.

Oil prices are now almost back to their prewar levels, yet Americans are still paying almost a dollar more for every gallon of gasoline they put in their cars, and President Trump is unhappy about that.

"The big ​Oil Companies are not dropping ⁠their price ⁠at the ⁠pump commensurate ​with the sharply lower prices ​they ⁠are paying for Oil. Those prices are dropping like a ⁠rock! In other words, customers are being "gouged",

US President Donald Trump said on Wednesday that he has ordered an investigation into major energy companies, accusing them of "gouging" customers by not cutting petrol prices after the cost of crude oil fell on global markets.

US President Donald Trump has ordered the Department of Justice to look into gasoline prices, which he says aren’t falling fast enough.

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 extended losses ​on Wednesday, touching its lowest level in almost two weeks as the dollar ‌climbed amid rising bets on U.S. interest rate hikes, while investors assessed conflicting signals on the U.

Gold futures fell Rs 1,834 to hit a three-month low of Rs 1.44 lakh per 10 grams on Wednesday amid a rally in the greenback and growing expectations for elevated US interest rates kept investors away from precious metals.

Gold prices continued their downward move on Wednesday, hovering close to a two-week low and approaching the key $4,000-an-ounce threshold. The decline came as the U.S. dollar strengthened and investors increased expectations that the Federal Reserve could raise interest rates again in the coming months,

Pullbacks in big technology companies sent indexes lower on Wall Street. The S&P 500 fell 1.4% Tuesday. The selling was concentrated in AI-related companies that have had huge run-ups in recent months and sent the market to record after record,

Technology stocks were the biggest weights on the market, especially companies that have seen their values surge amid the frenzy over artificial intelligence technology.

A sell-off in big technology companies spread from Asia back to the U.S., pulling the Nasdaq composite down 3% in early trading.

The S&P 500 and Nasdaq indices fell as large technology stocks and Elon Musk’s SpaceX dropped sharply. Positive news that the U.S. and Iran were making relatively smooth progress in negotiations over a ceasefire agreement in Switzerland was overshadowed by the decline in tech stocks.

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's inclusion in Morgan Stanley Capital International (MSCI)'s developed market (DM) index has once again failed. MSCI, in its 2026 annual market classification results released on June 23,

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 MSCI Developed Markets (DM) Index for 18 years. The country was added to the Emerging Markets (EM) Index in 1992 and placed on the watch list for the Developed Markets Index in 2008.

India ​and the ‌United States have made ​substantial ​progress in trade ⁠talks ​in the ​recent months, the Indian government ​said ​on Wednesday after ‌discussions ⁠between U.S. Trade Representative ​Ambassador ​Jamieson ⁠Greer and trade ​minister ​Piyush ⁠Goyal.

U.S. President Donald Trump shakes hands with Indian Prime Minister Narendra Modi as they attend a bilateral meeting during the G7 Summit in Evian-les-Bains, France, June 17, 2026. REUTERS/Evelyn Hockstein/File Photo NEW DELHI,

India’s trade minister said he had concluded “constructive and forward-looking” talks with his US counterpart, without indicating whether the two sides had bridged the remaining gaps holding up an interim trade agreement.

India and the United States have concluded two days of ministerial-level discussions on the proposed first phase of the bilateral trade agreement (BTA), which was announced earlier this year, the government said on Wednesday.