After a huge stock market rally on Wednesday following the decisive Democratic win in the U.S. midterms, stocks tumbled sharply on Thursday as investors feared a slowdown in data center construction and the AI industry as a whole.
» Read more about: Why tech stocks are down today, including Nvidia, SpaceX, AMD, more »
» Read more about: Coinbase (COIN) Stock Falls 10% to 52-Week Low as Cathie Wood Buys the Dip »
One of the toughest decisions you might face when planning for retirement is figuring out when to claim Social Security. While the monthly benefit you’re eligible for hinges on your personal earnings history, your filing age determines whether that benefit is paid in full, reduced, or boosted.
You can claim Social Security at any time once you turn 62.
CEO Elon Musk had some good news to share on Oct. 21, when Tesla (TSLA) posted a strong third quarter on the back of customer demand that exceeded production. To keep manufacturing cars,
» Read more about: Dear Tesla Stock Fans, Mark Your Calendars for November 29 »
The two companies helmed by the world’s richest person have had a rough two-day stretch on the market. Tesla (TSLA -10.77%) closed at $398.50 on Election Day, and by 3:08 p.m. ET Thursday, it was trading at about $342, down 14%, representing a loss of about $225 billion in market value.
What if you had put a little money into gold every Dhanteras, buying just one gram each year? Or picked up 100 grams of silver every festive season? Over 21 years, those small annual purchases could have added up to a surprisingly large investment.
The returns would have been substantial.
The Nasdaq Composite plunged 5.5% on Thursday, closing in correction territory, defined as a decline of 10% or more from a recent closing high.
Fears of a crackdown on data centers sent tech stocks spiraling after Texas elected a new governor, Gina Hinojosa, who had promised a temporary moratorium on data centers until new rules can be applied to them to ensure that they are not extractive.
Elon Musk lost nearly $500 million on a failed attempt to buy favorable outcomes in the 2026 midterm election. Now, Tesla and SpaceX have shed nearly $500 billion in combined market value as the companies find themselves among the hardest hit in a post-election selloff of tech stocks.
Tesla,
» Read more about: Musk’s Companies Tank as Tech Stocks Get a Post-Election Correction »
Fears of tighter regulation of artificial intelligence (AI) triggered a sharp sell-off in US technology stocks on Thursday,
» Read more about: US tech stocks plunge on fears of tighter AI regulation by Democrats »
“A lot of our shift over the course of this year has really been to realise that from San Francisco trying to build infrastructure in Texas, Georgia, and other places, you can’t just tweet and say: ‘This is going to be good.’ You need to be in those communities,” Brockman said at the WSJ Tech conference in Napa,
» Read more about: Global tech stocks plunge as US midterms add to AI slowdown fears »
