Billionaire Alibaba co-founder Joseph Tsai selling 8% stake in retailer
Billionaire Alibaba executive vice chairman Joe Tsai plans to sell an 8% stake in the Chinese online retailer he cofounded.
Derek Saul, Forbes Staff
SpaceX, Tesla, Twitter CEO Elon Musk: ‘I frankly don’t want to be CEO of any company’
Musk said he hopes to find “someone else to run Twitter,” reducing the number of multibillion-dollar companies he helms back to two.
‘Beware’ of Crypto investing or risk bankruptcy court, SEC Chair warns
The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry
Binance bails on FTX acquisition — Here’s what led to the FTX crypto crash
The crypto industry shed US$176 billion in market capitalization since Sunday, a 19.5% decline.
Dow jumps 400 points – here’s why this is normally a good time for the market
Republicans have an 83% of flipping one chamber of Congress, according to FiveThirtyEight, and investors eat up the legislative headaches caused by a split in power in Washington.
Musk meme fuels US$2 billion gain for Dogecoin
Musk’s tweet of a Shiba Inu wearing a Twitter shirt sent dogecoin up 12%.
Dow closes best month in 46 years
There’s a popular investment strategy to buy stocks October 31 and sell May 1.
Musk takes over Twitter and fires CEO—Here’s what it could mean
Musk fired Twitter CEO Parag Agrawal and other top executives as his US$44 billion deal closed, CNBC first reported.
Chinese top stocks shed nearly US$70 billion in US
The Nasdaq Golden Dragon China Index fell 14% Monday and is down nearly 80% from its February 2021 peak.
How stocks and bonds cratered during Liz Truss’ tenure
Bond yields in the U.K. and U.S. skyrocketed to their highest levels since 2008 as the market lost confidence in governments’ ability to navigate a looming recession and digested sticky inflation data.