In early June, SpaceX completed the largest IPO of all time. During the past few weeks, SpaceX stock has sold off as IPO investors locked in gains after an initial pop in the share price. SpaceX has quietly been making significant progress in its artificial intelligence (AI) roadmap.

SpaceX stock slides toward its $135 IPO price weeks after debut, signaling trouble for OpenAI and Anthropic's upcoming trillion-dollar listings.

Elon Musk's fortune dropped below $900 billion as SpaceX shares fell 4.45% to just under $140, nearing their IPO price. Details here.

That’s the peak of Musk’s net worth, achieved on June 16 as SpaceX shares hit an all-time high, above $225. Since then, the stock has plunged more

Christopher J. Waller, a governor at the Federal Reserve, said he needs to see several months of lower inflation data to feel confident about the outlook.

Federal Reserve governor Christopher Waller said Monday an interest-rate hike should be on the table if this week’s inflation data show price pressures remaining firm, his clearest signal yet that he could back a rate increase this summer.

The Fed governor said inflation has expanded beyond the often-cited drivers such as the energy price spike in tariffs.

Christopher Waller, a director at the US Federal Reserve (Fed), said that if the core inflation indicator to be released this week comes out higher than expected, the Fed should consider raising the benchmark interest rate.

Oil extended gains and Treasuries edged lower after the standoff between the US and Iran intensified, raising concern that supply disruptions will reignite inflation and strengthen the case for higher interest rates.

Oil prices rose and U.S. stock-index futures slipped on Sunday, after the U.S. and Iran continued their tit-for-tat attacks around the Strait of Hormuz over the weekend.

FOX Business correspondent Edward Lawrence reports on rising U.S.-Iran tensions as anchor Liz Claman highlights surging oil prices tied to Iran's claims over the Strait of Hormuz and President Trump's reinstated blockade on 'The Claman Countdown.

Oil prices jumped Monday following a weekend of attacks in the Middle East, while more losses for computer chip companies and other winners of the artificial-intelligence boom weighed on stock markets.