economy

SpaceX’s IPO Elevates Elon Musk’s Stake to Over $1 Trillion, Benefiting Other Billionaire Shareholders

06/19/2026, 04:36 AM economy review SpaceX

SpaceX's recent IPO has significantly increased the wealth of its founder Elon Musk and created numerous new millionaires among its shareholders, highlighting the company's strong market debut despite recent fluctuations in its stock price.

Analysts Goldman Sachs cut oil price forecast amid ongoing economic impacts from Strait of Hormuz conflict

06/19/2026, 01:35 AM economy forecast Analysts: analysts, Goldman Sachs energy

The reopening of the Strait of Hormuz is expected to alleviate immediate threats to global energy supplies, but analysts caution that the economic repercussions from the recent conflict will persist for months, maintaining inflationary pressures across various economies.

Trump Declares Iran Deal as 'Unconditional Surrender' and Asserts Unlimited Presidential Power

06/18/2026, 05:35 PM economy announcement

President Trump's declaration of the Iran deal as 'unconditional surrender' highlights a significant shift in U.S.-Iran relations, which could have far-reaching implications for global energy markets and geopolitical stability.

Jim Cramer Highlights Key Economic Data and Earnings Reports to Watch Next Week

06/18/2026, 04:35 PM economy forecast finance Micron FedEx Carnival Corporation KB Home Darden Restaurants

Next week's earnings reports and economic data releases are expected to significantly influence market movements, particularly in the context of fluctuating oil prices and the housing market.

Waymo Issues Recall for Nearly 3,900 Robotaxis Due to Software Issues Affecting Freeway Operations

06/18/2026, 01:35 PM economy announcement auto

Waymo's recall of nearly 3,900 robotaxis due to software issues highlights ongoing safety concerns that could impact its operational expansion and public perception in the autonomous vehicle market.

Amazon Investigates Engineers for Criticizing AI Data Center Expansion and Calling for Regulation

06/18/2026, 01:35 PM economy announcement Amazon

Amazon is investigating a group of engineers who publicly criticized the company's rapid expansion of AI data centers and called for government regulation, raising concerns about employee rights and corporate governance.

Apple (AAPL) Plans Price Increases Amid Ongoing Chip Shortages, Impacting Consumers

06/18/2026, 09:35 AM economy announcement tech consumer Apple

Apple plans to increase prices on its devices due to a significant global shortage of memory and storage chips, which could impact consumer costs but help maintain the company's profit margins. This move reflects the ongoing challenges in the semiconductor market and Apple's strategy to protect its earnings amid rising input costs.

Analysts praise Intel (INTC) as shares surge 8% following potential collaboration with Apple

06/18/2026, 09:35 AM economy rating_growth Analysts: analysts semiconductors Intel Apple

The recent comments from President Trump regarding a potential partnership between Apple and Intel have significantly boosted Intel's stock, highlighting the company's pivotal role in the U.S. semiconductor industry and its ongoing turnaround efforts.

SpaceX’s Record-Breaking IPO: Key Highlights from Its First Week on Nasdaq

06/18/2026, 06:35 AM economy review SpaceX

SpaceX's recent IPO has made headlines for its unprecedented scale and impact, establishing Elon Musk as the world's first trillionaire while raising concerns about governance and valuation among investors.

Intel (INTC) Partners with Apple (AAPL) to Design and Build Chips in the U.S.

06/18/2026, 05:36 AM economy announcement software Intel Apple

The Federal Reserve's decision to maintain interest rates and the new leadership of Chairman Kevin Warsh have significant implications for market stability, while developments in the tech and airline sectors highlight shifting strategies and partnerships.