AMD, Tesla among market cap stock movers on Thursday

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• The ‘Musk selloff’ deepens as Tesla and SpaceX combine for $450 billion two-day wipeout

  Severe market pressure tied to ventures led by Elon Musk has triggered massive capital erosion over a forty-eight-hour window. Investors are pulling back sharply across his high-profile portfolio, raising immediate concerns over broader valuation stability. The steep losses across both automotive and aerospace holdings reflect intensifying headwinds facing the executive's major enterprise network.

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• SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook

  Investors are reacting cautiously as the latest political shifts introduce fresh uncertainty into major corporate strategies. Ongoing midterm outcomes are now casting doubt over future infrastructure projects, specifically critical data center developments. Regulatory scrutiny around potential mergers is also intensifying, further dampening sentiment surrounding high-profile technology and aerospace ventures.

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• IRS announces bigger estate and gift tax exemption for 2027

  Federal tax officials have implemented annual cost-of-living adjustments across dozens of tax provisions to help shield taxpayer finances from persistent living costs. Wealthy households gain expanded capacity to transfer assets tax-free following earlier congressional moves that prevented severe scheduled cuts. While the expanded ceiling shields vast wealth, local state taxes may still apply lower thresholds to these transfers.

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