Keep pulling the thread on Federal Reserve.
Federal Reserve Chairman Jerome Powell indicated the central bank will maintain steady interest rates and look past the recent oil shock.
Brent crude oil prices rose to more than $116 per barrel.
President Trump appointed 13 industry leaders to the President's Council of Advisors on Science and Technology (PCAST).
Appointees to President Trump's PCAST include Marc Andreessen, Jensen Huang, Mark Zuckerberg, and Larry Ellison.
SpaceX is reportedly targeting a valuation of $1.75 trillion and aims to raise $75 billion in its upcoming IPO.
Earlier this year, Elon Musk merged xAI into SpaceX, which had previously absorbed the social media platform X.
Tesla invested $2 billion into X (formerly Twitter) earlier this year.
The death toll in the US-Iran conflict has surpassed 4,500.
John McNeil predicts there is a higher than 50% chance that Tesla will be merged into SpaceX.
SpaceX holds an estimated 90% market share in the launch industry and 99% market share in satellite internet.
John McNeil characterizes Tesla as a declining car business with margins that have fallen by half in the last two years.
The US military presence in the Middle East has grown by approximately 10,000 troops amid the conflict with Iran.