Shares of SpaceX continued their sharp descent Thursday and closed below the company’s IPO price for the first time since its June public offering.

SpaceX's post-IPO performance is trailing among this year's top 10 blockbuster debuts. Shares will close below the rocket maker's $135 IPO price for the first time if the current price around $131 holds.

SpaceX on Wednesday slipped below its listing price of $135 per share, extending a slide that has erased more than $1tn from the value of Elon Musk’s conglomerate since the peak shortly after its record IPO.

The wild ride for SpaceX shares has picked up momentum. SpaceX (SPCX) stock hit a fresh post-IPO low on Friday morning, putting it on track for a sixth straight day of losses, after the company scrapped a rocket test flight late yesterday.

Netflix's shares tumbled 9.2% before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about ​its ability to sustain growth momentum.

Netflix on Thursday reported higher revenues and profit in the second quarter as it sought to assure investors about its growth prospects. The streaming giant reported revenue of $12.6 billion in the second quarter,

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.” But the company's shares declined sharply in after-hours trading as the video streaming company's forecast for the current quarter fell below Wall Street's expectations.

Netflix forecast third-quarter revenue and earnings on Thursday (July 16) that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.

Computer chipmakers and other winners of the artificial-intelligence boom are slumping again Thursday and weighing on stock markets worldwide. They're drowning out strength for most of the rest of Wall Street,

Computer chipmakers and other winners of the AI boom are slumping again and weighing on stock markets worldwide. They’re helping to drown out strength for most of the rest of Wall Street

U.S. stocks are gaining ground following strong profit reports from big companies and more details on the path of inflation. The S&P 500 rose 0.4% Wednesday and was on track

U.S. stocks ticked higher Wednesday following strong profit reports from BlackRock and other big companies. The tentative gains came as oil prices swung to their highest levels in a month because of the war with Iran.

The new investment, announced June 16, brings Taiwan Semiconductor Manufacturing Co.'s U.S. investment to $265 billion.

The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. is investing an additional $100 billion in Arizona facilities.

TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona and said AI-driven demand will remain strong up to 2030.

The company says it will create "high-tech, high-paying jobs", and raises its total commitment to the US to $265bn.

Treasury yields rose as Fed officials reinforced the central bank’s commitment to fight inflation and U.S. indicators mostly surprised on the upside.

Treasury yields rose Thursday as oil prices remained elevated on mounting tensions between the U.S. and Iran. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose 2 basis points to 4.

Cooler inflation data might now keep the Fed from increasing interest rates. This comes despite resumed U.S. military strikes against Iran and global Brent prices climbing back above $86 a barrel. They eclipsed $110 earlier in the conflict.

The gap between German and U.S. 10-year borrowing costs sat near its narrowest in a month on Thursday as the ​escalation of fighting in the Gulf sent euro zone yields ‌higher, while cooler inflation data has kept U.

"I tell the three children that it is theirs and it's their responsibility to get it done well," Buffett said.

Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it

The 95-year-old investor redirected nearly $6 billion in Berkshire Hathaway stock to his children's foundations after cutting Gates Foundation ties.

Investor Warren Buffett omitted the Gates Foundation from this year’s annual giving slate for the first time amid revelations into co-founder Bill Gates’ connection with the late convicted sex offender and high-flying financier Jeffrey