📈 SpaceX: Blast off or bust?

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Yesterday, Tesla's stock took a hit, down almost 10%, after their earnings disappointed. To top it off, the US is facing yet another debt ceiling battle. Not sure what that means for you? We’ve broken it down in a way that's easy to understand.

And of course, we can't forget about Elon Musk's Starship exploding just minutes after its first test flight. But hey, if anyone knows how to bounce back from a setback, it's the man behind Tesla, SpaceX, and a whole host of other ventures.

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Markets

Stocks edge lower, Tesla plummets over 9%: Stock market news today (3 minute read)
Looks like the stock market wasn't feeling too great today. The S&P 500 and the Dow Jones Industrial Average were down, but they did manage to recover a bit from earlier lows. The Nasdaq Composite also fell, and Tesla took a bit of a hit with their stock down almost 10%. It turns out their earnings didn't quite meet expectations, with their gross margins a little lower than analysts had hoped.

Looming US debt ceiling fight is starting to worry investors (4 minute read)
Looks like the U.S. is facing yet another debt ceiling battle, and investors are feeling a little nervous. Apparently, the government's deadline to raise the debt ceiling might be coming up sooner than expected, which could lead to some serious problems for the global financial markets. Some analysts thought we had a little more time before the "X Date" (when the government runs out of cash and borrowing power), but with lower-than-expected tax receipts this season, that deadline might be inching closer.

Investing

Elon Musk's Starship explodes minutes after first test flight's liftoff (4 minute read)
Elon Musk's SpaceX had a bit of a whoopsie moment during their latest test flight. The Starship spacecraft exploded just a few minutes after liftoff, which wasn't exactly the plan. This was a big deal because it was the first time Starship was riding atop the brand new Super Heavy rocket, which is supposed to be the strongest launch vehicle on the planet. Even though the ship didn't make it very far and some of its engines conked out, the team managed to achieve the main goal of getting it off the ground in the first place.

Is Now a Good Time to Buy Tesla? (6 minute read)
Being a Tesla shareholder hasn't exactly been a walk in the park lately. The stock has taken a bit of a beating over the past year, dropping a whopping 45%. People are hoping that Tesla will keep on cyber-truckin' and growing as electric cars become more and more popular. And who knows, maybe this dip in the stock price is a chance for all of us who missed out before to jump on the Tesla train!

Money

How To Invest Like a Billionaire Within Your Budget (6 minute read)
Hey there, aspiring billionaires! I hate to break it to you, but the odds of becoming one are, well, not great. Out of the 334 million people in the US, there are only about 770 billionaires. Yikes! BUT, don't let that stop you from dreaming big and trying to make your fortune. And guess what? You don't need to have billions to invest like a billionaire. Here are some tips straight from the mouths of those bigwigs that you can start using in your own investing strategy.

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