Elon Musk is the world’s richest person again thanks to his new AI startup
Move over Bernard Arnault. There’s a new wealthiest person on the planet.
Stocks
2024’s meme stock resurrection adds more than $500 million to fortunes of these two billionaires
The return to social media of the pandemic era meme stock captain didn’t just boost shares of fabled meme stock GameStop, it sent several other meme stocks up big, helping make the fortunes of billionaires linked to the entities even richer.
Microsoft, Amazon, Nvidia and Alphabet lead tech stock surge to two-month high
Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.
Meet the CVC Capital Partners cofounders set to become billionaires
The Jersey-based owner of Petco and Swiss watchmaker Breitling is slated to start trading on the Amsterdam stock exchange on Friday with a valuation of up to $16 billion, enough to mint 10-figure fortunes for at least two co-founders.
Tesla shares are officially down 40% this year – here’s why the stock could fall further
Tesla stock notched another grim milestone Friday, extending stock year-to-date dive to over 40%, and there remains plenty of cause to remain highly cautious about the stock in the near term even as it grows cheaper.
‘Must be done’: Tesla stock slides again amid ‘ominous’ reports of mass layoffs
“There is nothing I hate more, but it must be done,” Tesla’s centibillionaire CEO Elon Musk reportedly said about his company’s decision to eliminate more than 10% of its workforce.
Bitcoin halving: What is it, and what does it mean for you?
The price of bitcoin surged to an all-time-high in March this year – and it’s expected to rise again as the cryptocurrency approaches its halving event in April.
‘Poor man’s Twitter’: Reddit gets lukewarm Wall Street welcome
Reddit’s long-run vision of growing advertising revenues and profitability “are promises we’ve heard too many times,” according to Bernstein analysts.
Magnificent seven adds $250 billion on Gemini’s reported iPhone deal
An epic reported artificial intelligence partnership out of Silicon Valley sent stocks off to a hot start Monday ahead of a crucial week for markets.
Bitcoin hits new record high above $72,000 as crypto rally continues
Bitcoin soared to a new record high Monday, topping $72,000 for the first time amid increasing institutional acceptance and continuing an impressive rally that has pulled the market back from the depths of a deep “crypto winter” that has hampered momentum for years following a series of major crashes and scandals in recent years.