Money

Elon Musk’s 2024 is already terrible

Published

2 years ago

January 3, 2024

Just 72 hours into the new year, Elon Musk, the renowned entrepreneur and CEO of Tesla and SpaceX, finds himself facing an unexpectedly turbulent start to 2024.

Known for his ambitious ventures and bold statements, Musk’s year took an early hit, leaving many wondering what’s in store for the tech mogul.

The troubles began when SpaceX’s latest Starship prototype, intended for a crucial test flight, experienced a dramatic explosion during pre-launch preparations.

This setback not only delayed the highly anticipated mission but also raised concerns about the feasibility of Musk’s plans for interplanetary travel. SpaceX engineers are now working around the clock to assess the damage and determine the cause of the explosion.

Meanwhile, Tesla, Musk’s electric vehicle company, faced its own share of challenges as it encountered supply chain disruptions that led to production delays and increased costs.

The ripple effects of these issues could potentially impact the company’s ability to meet its aggressive production targets and maintain its competitive edge in the rapidly evolving automotive market.

As Elon Musk navigates these early setbacks, the world watches with bated breath, wondering whether this year will see him conquer new frontiers or if it will prove to be a more challenging journey than he anticipated.

Will Musk’s unyielding determination and innovative spirit be enough to overcome these hurdles, or is he in for a year of unexpected twists and turns?

Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

1 day ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

1 day ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

2 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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