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SpaceX could remain under pressure as more insiders gain permission to sell. Here are the key dates

TazaPulseJune 23, 2026

Don’t expect the rough ride in SpaceX to be over anytime soon. SpaceX has yet to trade on the public markets for a full week, but the stock has already proven volatile. After a blockbuster IPO on June 12, the Elon Musk-led rocket maker has seen its market cap surge past Amazon and even Microsoft...

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Factory job cuts in June neared financial crisis and Covid levels, S&P says

TazaPulseJune 23, 2026

A pedestrian walks by a now hiring sign posted at a gas station on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global...

US News

SpaceX drops more than 3% following $400 billion selloff

TazaPulseJune 23, 2026

SpaceX shares fell more than 3% in premarket trading on Tuesday, following a $400 billion selloff on Monday as a post-debut rally fizzled out. The space and AI company saw huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization, before falling back below both as sentiment cooled....

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SpaceX signs compute deal with open-source AI startup Reflection

TazaPulseJune 22, 2026

Elon Musk’s supercomputer Project Colossus, which he’s termed a “gigafactory of compute”, is seen in Memphis, Tennessee, U.S. August 22, 2024. Karen Pulfer Focht | Reuters SpaceX has signed a major computing power agreement with Reflection AI, making the open-source artificial intelligence startup the latest outside company to tap Elon Musk‘s Colossus infrastructure. Under the...

Dan Niles says he’s backing away from hyperscalers, trimming chip stocks

TazaPulseJune 22, 2026

Tech investor Dan Niles is trimming his exposure to “Magnificent Seven” companies, saying the high cost of artificial intelligence is about to present a near-term setback for the hyperscalers — as well as for chip stocks. “What I’m doing right now is I’m backing away from a lot of the hyperscaler type names that we...

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Senate poised to advance housing bill to limit private equity purchases

TazaPulseJune 22, 2026

Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images The Senate on Monday is expected to vote on passage of a bipartisan affordable housing bill that would...

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States pressured to cut red tape. Data center-wary voters may disagree

TazaPulseJune 22, 2026

Announcing a $20 billion economic development deal last June — the largest, by far, in Pennsylvania history — Gov. Josh Shapiro couldn’t help but crow a bit. “This is the kind of deal that every state wants, every state is out competing for,” he said. “But Pennsylvania won this deal. We got it done.” Yet in...

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Albania protests target Kushner-linked project

TazaPulseJune 22, 2026

Protestors gather in front of Albania’s Prime Minister’s Office during a demonstration against a luxury resort development near a protected natural area, in Tirana on June 20, 2026. Adnan Beci | Afp | Getty Images Thousands protested in Albania’s capital over the weekend for one of the largest rallies yet against a proposed luxury development...

SpaceX stock drops again after rally following blockbuster IPO

TazaPulseJune 22, 2026

SpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO. Shares in the company were down 3.53% at 5:04 a.m. ET. Elon Musk’s space and artificial intelligence firm became one...

How Kevin Warsh has set out to remake the Fed

TazaPulseJune 21, 2026

Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve Chairman Kevin Warsh’s first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually...