Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
The perfect storm behind the Nasdaq's rout — plus, some of the bright spots in the market
Source: CNBC
Original reporting
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Trump defends Ramaswamy ad with Acton's estranged mom after bipartisan criticism
Ohio Gov. Mike DeWine said GOP gubernatorial nominee Vivek Ramaswamy should remove the ad featuring the mother of Democratic nominee Amy Acton.
CNBC
Brent crude tops $113, highest level since May, after Trump hints at action on Iran
The Middle East conflict could flare up again as the U.S. reportedly plans to resume strikes against Iran.
CNBC
SpaceX and Tesla have high election stakes as Elon Musk pours $366 million into campaigns
Musk’s biggest political bet is on the Senate, where control could shape future investigations, federal spending and regulations affecting SpaceX and Tesla.
CNBC
Trump asked Musk to lift Starlink slowdown, WSJ reports
Elon Musk, a critic of Ukrainian President Volodymyr Zelenskyy, had ordered the slowdown of SpaceX's Starlink, The Wall Street Journal previously reported.
CNBC
Meta stock sinks 8% as AI spend pushes free cash flow negative
Prices for the social media giant's five-year credit default swaps are reaching all-time highs as investors signal growing credit concerns.
CNBC
Musk's clash with Ukraine accelerates demand for Starlink alternatives. Few exist
Governments or companies looking for an alternative to SpaceX's Starlink are faced with few options, as Amazon, Eutelsat and others are far behind.