US chipmakers lead Wall Street slide on rate rise worries
Nasdaq declines for second day with companies such as Nvidia under pressure
Economic news
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SpaceX pitches investors juicy yields in $25bn bond deal
Bankers upsize offering after high borrowing costs lure investors
The US Treasury market rests on shakier ground
Reforms are necessary to bolster the financial world’s backbone
SpaceX tests its reality-warping powers on the bond market
For some buyers, a solid rating can act as permission to buy; the lack of one can put a security off limits
US chipmakers lead Wall Street slide on rising rate rise worries
Nasdaq declines for second day with companies like Nvidia under pressure
Factory job cuts reported around financial crisis and Covid levels for June, S&P says
Though the firm’s manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.