Business and Economy – Rifnote Wire

Musk loses $700bn in five weeks as SpaceX, Tesla stocks tumble

By Khadijah / July 25, 2026

Elon Musk has lost between $650 billion and $700 billion in paper wealth in five weeks as steep declines in […]

By Khadijah / July 23, 2026

Japan’s booming sex tourism is fueling public outrage and reigniting debate over the country’s multi-billion-dollar vice industry and its legal

By Bisola Kazeem / July 18, 2026

Elon Musk’s net worth has dropped below $800 billion after SpaceX shares hit another all-time low on Friday, wiping out

By Tofunmi Ajayi / July 15, 2026

China is increasingly relying on electric taxis and ride-hailing services to soften the blow of oil price shocks linked to

By Bisola Kazeem / July 14, 2026

Volkswagen has confirmed plans to cut up to 100,000 jobs globally and slash its vehicle range by half as part

By Bisola Kazeem / July 11, 2026

Zoom CEO Eric Yuan sold 58,655 shares worth $5.1 million on July 8 and 9 to cover tax obligations from

Global oil prices surged over six percent after Donald Trump declared the US-Iran interim peace deal “over,” following fresh US

By Bisola Kazeem / June 30, 2026

A new UBS Global Wealth Report shows the number of billionaires worldwide climbed to a record 3,302, while their combined

By Bisola Kazeem / June 29, 2026

Comcast is spinning off NBCUniversal and its European arm Sky into a new publicly traded company, sending its shares soaring

By Bisola Kazeem / June 22, 2026

SpaceX shares fell 4.31% in Monday premarket trading, extending a multi-day slide that has wiped out most gains for investors