SpaceX stock isn’t just falling. It’s hitting every branch on the way down. After surging to a $2.6 trillion valuation on its third day of public trading, SpaceX stock has tumbled 46%, wiping out more than $1.2 trillion of that in the process. The initial wave of selling came as investors balked at lofty valuations.
As leveraged exchange-traded funds draw growing scrutiny, JPMorgan Chase CEO Jamie Dimon is pointing to a broader risk across markets. “Market leverage is pretty high,” Dimon told CNBC in an interview aired on Wednesday. “When you have that, you do have a higher chance that something will disrupt the market in a quick way and
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Superhero blockbuster “Spider-Man: Brand New Day” has delivered a huge opening at the South Korean box office during the weekend of Jul. 31–Aug. 2. According to data from KOBIS, the tracking service operated by the Korean Film Council, the web-slinging sequel generated a colossal $16.9 million from 2,252,930 admissions over the three-day frame across 2,409
“Spider-Man: Brand New Day” made box office history in its first weekend in theaters. The Sony-released superhero movie became the second biggest North American opening ever with an astonishing $355 million in ticket sales, according to studio estimates Sunday. It was just a few million shy of “Avengers: Endgame,” which debuted to $357 million in 2019. Tom Holland’s
It’s so hot in Germany this summer that Cologne started a “Cooling Cologne” initiative: Chilled groundwater is dispersed through fine-mist sprays connected to fire hoses. Kadir Ilboga/Anadolu via Getty Images hide caption toggle caption Kadir Ilboga/Anadolu via Getty Images In a summer of extreme heat, we asked our NPR readers to share the ways they