Tag: markets
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Elon Musk slams Tesla critic Michael Burry as a ‘broken clock’ — as the ‘The Big Short’ investor deletes Twitter again
Michael Burry (left) has criticized Elon Musk (right) in recent days. Jim Spellman; Pool / Getty Images Tesla CEO Elon Musk has hit back at Michael Burry, calling "The Big Short" investor a "broken clock." Burry has now deleted his Twitter again – but had strongly criticized Musk and the electric-car maker in recent days.…
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US stock futures hold near record highs as investors eye Biden-Xi talks, while Beijing’s mining warning pounds crypto
US President Joe Biden and Chinese President Xi Jinping at their virtual meeting. Tingshu Wang/Reuters US stock futures drifted, as investors focused on talks between US President Joe Biden and Chinese premier Xi Jinping. Stocks have been rattled of late by concerns over inflation that pushed up government bond yields. The crypto market took a…
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Elon Musk just sold $1.1 billion in Tesla stock, but the move was planned weeks before asking his Twitter followers whether he should sell 10% of his shares
Yichuan Cao/NurPhoto via Getty Images Elon Musk exercised 2.2 million Tesla stock options Monday before selling 934,000 shares. Musk recently asked Twitter whether he should sell 10% of his shares, and his followers said yes. But Musk's plan had been in place weeks earlier, and he offloaded less than 1% of his Tesla holdings. Tesla…
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Rivian is now the 2nd most valuable US carmaker after its IPO surge – and its founder R.J. Scaringe is worth $2.2 billion
Rivian had one of the biggest IPOs in history on Wednesday. Rivian Rivian is now the second-most valuable US carmaker after Tesla, and is ahead of Ford and General Motors. Its stock has surged since its IPO on Wednesday, making its founder R.J. Scaringe worth at least $2.2 billion. The EV startup has only ever…
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Tesla drops 12%, its worst decline in 14-months amid insider selling anxiety, weaker China sales, and Michael Burry warning
Tesla CEO Elon Musk. Matt Rourke/AP Photo Tesla stock is on track Tuesday to notch its worst single-day decline since September 2020.The EV manufacturer fell as much as 12% amid insider selling anxiety, China car sales data, and a warning from Michael Burry.Despite the recent decline, Tesla stock is still up 47% year-to-date amid record…
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Tesla falls as much as 5% after Elon Musk warns it hasn’t yet signed the Hertz contract for a record-breaking 100,000 orders
Tesla CEO Elon Musk. Matt Rourke/AP Photo Tesla shares fell as much as 5% Tuesday premarket after Elon Musk said the Hertz contract hasn't been signed yet. News of the order for 100,000 vehicles sent Tesla's stock soaring last week, lifting it to a $1 trillion valuation. "If any of this is based on Hertz,…
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Elon Musk’s wealth surged by $36 billion, the largest single-day gain Bloomberg’s ever recorded
Tesla CEO Elon Musk is the world's richest person by a nearly $100 billion margin. picture alliance / Getty Images Elon Musk's net worth jumped to $288.6 billion on Monday, according to Bloomberg. Tesla's market value surged 13%, passing $1 trillion for the first time and bolstering Musk's fortune. Musk is now nearly $100 billion…
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Michael Dell says blockchain is underrated, but he’s ‘going to pass’ on bitcoin
Michael Dell Tony Avelar/AP Images for Dell Inc. Michael Dell is a fan of blockchain, which could help boost his company's infrastructure business. The 56-year-old billionaire told The New York Times' DealBook that blockchain is underrated. As for bitcoin, he said he's "going to pass." Michael Dell is bullish on blockchain technology but iffy on…
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A hedge-fund backed social network wants retail traders to prove they have ‘diamond hands’ by linking their brokerage account to verify trades
Amanda Perobelli/ Reuters Social media platform Commonstock allows retail investors to verify their trades. The app, backed by hedge funds, just announced a $25 million Series A funding round. The app "weeds out a lot of the grifters who might say they had a 1,000% return," the founder told CNBC. See more stories on Insider's…
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TikTok launches an NFT collection of six of its best viral videos, featuring singers Lil Nas X and Bella Poarch
TikTok music star Bella Poarch Jason Kempin/ Getty Images TikTok unveiled a NFT collection of six of its top viral celebrity videos on Thursday. The collection features Lil Nas X, Bella Poarch, Curtis Roach, Brittany Broski, FNMeka and more. TikTok has 1 billion users on its video-sharing platform, paving the way to bring crypto to…