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 posted strong first earnings as a public company, with revenue nearly doubling to $193.4 million and losses narrowing, but shares fell after weaker gross margin guidance raised profitability concerns.

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.

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 prices remained under pressure on Wednesday, extending recent losses as a stronger U.S. dollar dampened demand for the precious metal. Spot gold fell 0.5 per cent to $4,087.68 per ounce, touching its lowest level since June 11,

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.

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

Asian stocks struggled for direction on Wednesday while crude oil prices extended ‌declines to hover near four-month lows, as analysts cautioned about renewed volatility from stretched AI valuations and the prospects for U.

Asian stocks were mixed on Wednesday following a sell-off in big technology stocks from Asia to Wall Street. U.S. stock futures were also trading mixed, as global investors monitor market movements in Japan and South Korea,

Asia's technology stocks pared an earlier rebound to trade mixed on Wednesday after global equities posted steep losses in the previous session.

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.

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.

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.