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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

Published June 23, 2026 · Category: Markets

Overview

Good morning. On Fortune’s radar today:

  • Markets: Down across the board; SpaceX takes heavy losses.
  • The Fed will hike rates three times this year, BofA warns.
  • Ship owners navigate confusion and threats in the Strait of Hormuz.
  • Details

  • The Iran war boosted electric vehicle sales.
  • What companies are paying per worker for AI tokens.
  • Alan Greenspan’s hot tub.
  • Why men are giving up on work.

This story was originally featured on Fortune.com

Source

Originally published at fortune.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.