On Friday, Elon ⁠Musk’s ⁠image loomed large over Times Square from the ⁠giant TV screen of the Nasdaq stock exchange, as tourists outside snapped selfies, SpaceX investors in T‑shirts ​grinned at their newfound fortunes and news cameras jostled for position. “If people had told me this was going to happen, I was like, ‘man you must be ‌smoking some really good crack,’” Musk said ‌in a video address celebrating SpaceX going public. “I gave SpaceX less than a 10% chance of succ

Shoppers in the groceries section of a Sam’s Club store in Brandon, Fla., on May 27, 2026. U.S. inflation accelerated for a third-straight month in May amid a stalemate in negotiations to end the war with Iran, adding to the price pressures confronting consumers. (Zack Wittman/The New York Times) By LYDIA DePILLIS Inflation accelerated for a third straight month in May amid a stalemate in negotiations to end a war with Iran that has pushed up energy prices, adding to the burd

U.S. stocks were set to ⁠open ⁠higher on Thursday, as investors sought ⁠bargains in beaten-down technology stocks and kept a close watch on developments around ​the Middle East conflict and its impact on economies and businesses. Chipmakers bounced back after Wednesday’s selloff sent major Wall Street ‌indexes down more than 1% and ‌technology stocks into correction territory, a 10% drop from their record close. Nvidia, Intel and Micron Technology were up ⁠between 1% ⁠and 4.6

Foreign investors pulled nearly $27 ⁠billion ⁠net from emerging market portfolios in May, ⁠partially reversing a rebound in April as equity selling in Asia overwhelmed debt inflows, ​data from a banking trade group showed on Wednesday. Non-resident investors withdrew a net $26.6 billion from emerging bonds and stocks in May, ‌according to the Institute of International Finance, ‌compared with inflows of $70.6 billion in April. The reversal was driven almost entirely by equiti

The S&P 500 ⁠and ⁠Nasdaq indexes fell on Tuesday ⁠as a rebound in technology shares faded and as President Donald Trump said ​the U.S. must react to Iran’s shooting down of a U.S. helicopter. Trump wrote in a social media post that Iran ‌had shot down the U.S. Apache ‌helicopter that was patrolling the Strait of Hormuz overnight, and vowed to respond, which added to doubts ⁠about prospects for ⁠a truce in the Middle East war. The Cboe Volatility Index hit its ​highest level

A harbor in Valleta, Malta, the Mediterranean island nation that is a favorite destination for tax-dodging by U.S. companies, on Oct. 11, 2016. In 2025, the Trump administration withdrew from a global effort to curb offshore tax-dodging by multinational companies. That decision has been a huge gift to corporate America, enabling companies to avoid at least $40 billion in income taxes since the beginning of 2025. (Susan Wright/The New York Times) By JESSE DRUCKER and DYLAN FRE

U.S. stocks ended mostly higher on Monday, ⁠led ⁠by gains in the Nasdaq and chipmakers as ⁠investors sought bargains after Friday’s sharp selloff. Investors were also relieved after Iran and Israel said they had halted attacks ​on each other. The halt followed an appeal from U.S. President Donald Trump that they immediately “stop shooting.” The attacks over 24 hours were the most direct confrontation between Iran ‌and Israel since an April ceasefire in the ‌war. The Dow ended

Luis Manuel Pérez polishes the 1952 Chevrolet Bel-Air that he uses to drive tourists at $40 an hour in Havana, Dec. 14, 2024. The Trump administration’s campaign to force Cuba’s economic unraveling achieved key gains last week, when three international hotel chains and a bank that processes Visa and Mastercard transactions withdrew business from the communist nation to avoid violating new U.S. regulations. (Jorge Luis Baños/The New York Times) By FRANCES ROBLES The Trump admi

The long-awaited, massive SpaceX initial public offering is expected this week, a major event for the U.S. stock ​market, with investors wary of possible overexuberance. Stock indexes fell on Friday as strong jobs data ignited fears of hawkish monetary policy and semiconductor shares tumbled after ‌a torrid run. The benchmark S&P 500 (.SPX), posted a weekly decline after nine straight weeks of gains. The S&P 500 was still up about 8% in 2026, including a 16% rebound since its

Wall Street advanced on Thursday ​as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that held the Nasdaq’s ‌gains in check. The blue-chip Dow touched a record high, with a boost from healthcare (.SPXHC), and financial stocks (.SPSY), opens new tab, but the gains of the S&P 500 and the Nasdaq were more muted. Get a daily digest of breaking business news straight to your inbox with the Reuters Business