Business

SpaceX Stock Climbs 7.6%, Boosting Elon Musk’s Wealth Past $1 Trillion

Shares of SpaceX experienced a notable increase of 7.6%, reaching $171.10, which has contributed to a significant rise in Elon Musk's estimated net worth, pushing it above the $1 trillion mark. This surge in stock value follows a positive recommendation from Morgan Stanley, which has identified SpaceX shares as undervalued and suggested a buying opportunity for investors. SpaceX, which made its public market debut on...

Euro Hits 17-Month Low Amid Concerns Over France’s Rising Debt

The euro has tumbled to its lowest point against the US dollar in 17 months, driven by investor concerns over France's escalating debt and political uncertainty within the eurozone. On Monday, the single currency fell approximately 0.8% to dip below $1.12, marking its weakest level since May 2025. This decline follows the euro's overall 1.2% drop this month, after falling from a January peak...

U.S. Considers 25% Tariffs on Brazil Amid Existing Trade Surplus

The U.S. administration under President Trump has suggested imposing a 25% tariff on goods imported from Brazil, citing what it claims are unfair and...

Taiwan, US Boost Defense Industry Ties to Enhance Economic Opportunities

The defense industry collaboration between Taiwan and the United States is intensifying as security concerns in the region spur increased investment and closer supply...

Rubio’s India Visit Highlights Economic Discussions Amid Trump Trade Tensions

Arriving in India on Saturday, US Secretary of State Marco Rubio embarked on a four-day mission aimed at bolstering the strategic partnership between the...