FINANCE & BANKING

SpaceX shares have tumbled into the low $170s just days after Elon Musk's company made its high‑profile Wall Street debut, wiping out most of its early gains.

Robinhood plans to cut 10% of its workforce to streamline operations, despite strong performance and record trading. The restructure aims to boost efficiency and simplify management.

ITA Business Consultants offers year-round tax and business guidance, helping clients move beyond reactive filing to informed financial planning, reducing stress and improving decision-making in a complex financial landscape.

SpaceX's IPO, priced at $135 per share, raised $75 billion, valuing the company at $2.1 trillion. Shares surged, boosting Musk's net worth to $1.3 trillion, surpassing Buffett and Gates.

Juan Hernandez, a former SpaceX welder, became a millionaire after the company's IPO, showcasing the power of perseverance and opportunity in transforming lives.

SpaceX's Nasdaq debut pushed shares past $135, turning 4,400+ staff into paper millionaires under lock-up restrictions.

Elon Musk's SpaceX IPO will hit your 401(k) and IRA savings through index funds within days. Experts explain why the impact is small despite the $1.75t valuation.

Giulio Occhionero argues that option pricing models still contain hidden distortions and mispricings, despite decades of refinement since Black-Scholes.

Global economic shocks are changing how UK investors manage risk, increasing focus on liquidity, diversification, discipline, and being prepared.

US business owners rush to exploit a tax break shielding £111bn in capital gains since 2012, as Congress expands the QSBS loophole.

The Russell 2000 index outperformed the S&P 500 in 2026, but 40% of its companies generate no earnings, posing challenges for investors amid high borrowing costs and Federal Reserve policies.

Lloyds Banking Group experienced a significant IT outage on 3 June, affecting millions of customers across multiple brands for over three hours during peak business hours.

The Trump Accounts app launches, offering $1,000 in seed money for children's savings accounts, aiming to modernise financial planning with government-backed incentives and fintech integration.

Berkshire Hathaway acquires Taylor Morrison for $8.5 billion, marking a strategic expansion in the housing market under Greg Abel's leadership. The deal transitions Taylor Morrison to private ownership.

Trump Mobile exposed thousands of customers' personal data online, sparking concerns over corporate accountability. Despite warnings, the issue was ignored until public pressure forced action.

Charlie Munger's investment philosophy emphasises psychological discipline over mathematical models, advocating for embracing market volatility and focusing on long-term gains rather than panic selling.

Self-taught investor Chris Camillo says six months of AI self-study could earn anyone $500,000 (£395,000) a year - and he claims Grant Cardone copied the idea from him.