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Musk's "darkest week": Tesla plunged 18%, marking its biggest weekly drop since 2022; SpaceX fell another 7% ahead of Starship test flight.

Musk's "darkest week": Tesla plunged 18%, marking its biggest weekly drop since 2022; SpaceX fell another 7% ahead of Starship test flight.

``` This week has been a tough one for Elon Musk. Tesla’s stock price plunged 18% this week, closing at $313.03 on Friday, marking its worst single-week drop since 2022. Meanwhile, SpaceX’s stock continued its downward trend, dropping a total of 7.2% over the past five trading

Morgan Stanley: If SpaceX falls to $100, it means its AI business is valued at zero.

Morgan Stanley: If SpaceX falls to $100, it means its AI business is valued at zero.

``` Morgan Stanley analysts said that SpaceX’s stock price has dropped recently to a level that suggests investors are giving almost no value to its artificial intelligence business. After completing a record $86 billion IPO in mid-June, SpaceX’s stock has faced a turbulent trading performance. In the first three

Hong Kong fine-tunes the regulatory framework for leveraged and inverse products, introducing new investor protection measures.

Hong Kong fine-tunes the regulatory framework for leveraged and inverse products, introducing new investor protection measures.

``` Hong Kong regulators are tightening requirements for leveraged and inverse products, introducing a new round of investor protection measures as global scrutiny of these highly volatile financial instruments intensifies. On Friday, Bloomberg reported that the Securities and Futures Commission of Hong Kong issued a statement, announcing a revision of the

Revenue guidance raised, EPS stagnant: American Express plunges 6% after profit beats expectations, as the market reprices the “cost of growth.”

Revenue guidance raised, EPS stagnant: American Express plunges 6% after profit beats expectations, as the market reprices the “cost of growth.”

American Express's second quarter profit exceeded expectations, and the company raised its full-year revenue growth guidance to 10%. However, its stock price plunged after the earnings release. Before the US market opened on Friday, American Express announced its second-quarter earnings, with revenue of $19.64 billion, up 10%

Jensen Huang initiates, Elon Musk reposts: NVIDIA and more than 20 tech companies co-sign an open letter supporting open-weight AI models.

Jensen Huang initiates, Elon Musk reposts: NVIDIA and more than 20 tech companies co-sign an open letter supporting open-weight AI models.

``` Nvidia, Microsoft, Meta and 25 other US tech companies have jointly issued a letter warning policymakers not to impose "premature restrictions" on open-weight AI models. Nvidia CEO Jensen Huang and Microsoft CEO Satya Nadella both shared the open letter on their personal social media, showing a clear stance

"Not over yet; the situation is worsening!" HSBC warns: Dual chokepoints causing 'super squeeze' in commodities

"Not over yet; the situation is worsening!" HSBC warns: Dual chokepoints causing 'super squeeze' in commodities

``` Maritime transportation choke points are consecutively disrupted, and the global commodities market is facing a new round of supply shocks. On Friday, HSBC Chief Economist Paul Bloxham warned that as the Middle East conflict continues to escalate, the global commodities market has once again entered a supply-driven phase. Shipping through

The more the Fed "panics," the more stable U.S. Treasuries become? Bank of America’s Hartnett: Waller may be forced to raise rates to curb the surge in long-term bond yields.

The more the Fed "panics," the more stable U.S. Treasuries become? Bank of America’s Hartnett: Waller may be forced to raise rates to curb the surge in long-term bond yields.

``` U.S. long-term Treasury yields continue to climb, putting pressure on the bond market. The Chief Strategist of Bank of America believes that a "panic rate hike" may be just the remedy the bond market needs. The real yield on the 30-year U.S. Treasury has risen to