Author: franperez66q@protonmail.com

SpaceX shares fell more than 3% in premarket trading on Tuesday, following a $400 billion selloff on Monday as a post-debut rally fizzled out. The space and AI company saw huge gains after a record-breaking IPO on June 12, briefly surpassing Amazon and Microsoft in market capitalization, before falling back below both as sentiment cooled. The stock tanked 16% on Monday, following drops of 3.6% and 5% the previous two days of trading. SpaceX’s market cap was $2 trillion at close on Monday. Shares were trading at 3.43% down as of 4.30 a.m. E.T.Stock Chart IconStock chart iconSpaceX stock.The company…

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Chinese-made trucks are waiting to be loaded onto ships for export at Yantai Port in Shandong Province, China on April 20, 2026.Cfoto | Future Publishing | Getty ImagesHi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I’m seeing and hearing from local businesses.China isn’t resting on its laurels after its success in electric cars. From new policy goals to exports, what’s about to speed things up?The big storyChina plans to repeat its electric car success story — this time with trucks.As shipping and oil costs surged…

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The FAA’s environmental review approved SpaceX’s proposal for two Starfall reentry demonstrations. It did not specify if these demos would happen on one or two missions. SpaceX intends to recover the vehicle, including parachutes and heat shields, “to the to the maximum extent practicable,” the FAA said. The Starfall vehicle is cylindrical in shape, with a diameter of 10.2 feet (3.1 meters) and a height of 2.5 feet (0.75 meters). Starfall weighs approximately 4,600 pounds (2.1 metric tons) with capacity for about 2,200 pounds (1 metric ton) of payload, for a total weight of 6,800 pounds (3.1 metric tons). Designed…

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Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. Shady Alassar | Anadolu | Getty ImagesOil fell Tuesday, reversing slight gains at the start of the session, as investors showed cautious optimism about an end to the conflict in the Middle East.International benchmark Brent crude futures for August fell 1.57% to $76.68 a barrel. U.S. West Texas Intermediate futures for August declined 1.53% to $72.73 per barrel.Stock Chart IconStock chart iconBrent crudeThe price of the commodity fell overnight after…

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An electric advantage? His team’s 911 Turbo S mixes all-wheel drive with rear-wheel steering to add some extra agility, but the electric front axle on the Corvette gives it a particular advantage in a few areas, including traction control. “It makes it all easier to function with the hybrid, especially taking away power,” said Matt Foley, crew chief on the 000. Traditional traction control either cuts power to the engine, slowing all four wheels, or applies the brakes to the spinning wheels, which wears them out more quickly. “With the hybrid, you can literally just pull power out of the…

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