Together, Musk’s stake in xAI and SpaceX are now worth nearly twice as much as his Tesla shares.
Trump’s tariffs are slowly finding their way into consumer prices
A key Bureau of Labor Statistics inflation report showed price increases for a variety of tariff-sensitive items.
Stocks making the biggest moves midday: Delta Air Lines, Revolution Medicines, Centene & more
These are the stocks posting the largest moves midday.
Financial CEOs are weighing in on the state of the economy
CEOs this week on CNBC weighed in on the health of the economy amid economic uncertainty and a Bureau of Labor Statistics report revising down job numbers.
European Central Bank leaves rates unchanged as tariff fallout lingers
The ECB is grappling with global economic uncertainty, despite inflation in the euro zone hovering around the central bank’s 2% target in recent months.
Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump
The consumer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.
Stocks making the biggest premarket moves: Klarna, Oracle, Opendoor, Oxford and more
These are the stocks posting the largest moves in the premarket.
Trump’s pressure on Europe to slap 100% tariffs on India and China raises eyebrows
Europe is unlikely to acquiesce to the White House’s request to slap high tariffs on its Asian counterparts.
Luxury brands bet on $160 lipsticks and $1,400 accessories to combat industry slump
The diversification to attract new customers comes as the luxury sector grapples with an industry-wide slowdown, U.S. tariffs, and wider cost pressures.
France’s economy faces a key risk beyond its political turmoil
The “Big Three” ratings agencies will update their verdicts on the country’s creditworthiness starting Friday, amid huge political and economic uncertainty.