Stocks

The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.

A late-year rally in global equities increased the global ultra-high-net-worth population’s total net-worth by 7.6% to US$49.2 trillion, a new report has found.

Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person’s entire fortune in one morning.

The stock is on pace for its second-best day on Wall Street ever.

Large technology stocks flails as lower interest rates appear on deck and investors view a Trump presidency as increasingly likely.

Tesla stock, viewed by analysts as a beneficiary of a Trump Administration, gained 5% in the first day of trading after its CEO Elon Musk endorsed Trump following the attempt on Trump’s life.

Amazon is a $2 trillion company for first time ever

Analysts expect Microsoft and Nvidia to become more profitable than Apple before the end of the 2020s.

Apple CEO Tim Cook unveiled the company’s “profound new intelligence capabilities” Monday.

Berkshire Hathaway, the conglomerate helmed by billionaire Warren Buffett, did not in fact lose almost its entire $900 billion market capitalization.