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

More in Finance

• 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.

  1 min read
• 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.

  1 min read
• IRS announces new federal income tax brackets for 2027

  These inflation-adjusted thresholds will impact the returns that households file during the 2028 tax season. The changes are pegged to consumer price index data to prevent taxpayers from being pushed into higher brackets solely because of cost-of-living increases. The updates also lift deduction levels as families continue to manage broader affordability pressures across housing, groceries, and fuel.

  2 min read