Wall Street experienced a downturn on Monday as investors analyzed the U.S. interest rate outlook and awaited Nvidia’s earnings report. Friday’s rally, fueled by hints of a potential rate cut from the Federal Reserve, gave way to cautious trading. Upcoming inflation and jobs data are crucial, influencing expectations for Fed action.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk’s SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business