Tag: mi exclusive
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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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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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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…
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Goldman Sachs cuts its China GDP forecast for 2021, warning the economy’s energy crunch is yet another growth shock
Wang Jilin / Costfoto/Barcroft Media via Getty Images Goldman Sachs lowered its 2021 GDP growth forecast for China to 7.8% from 8.2%, blaming energy constraints. Pressure to meet environmental targets has affected 44% of China's industrial activity, its economists said. Evergrande-related risks to the property sector and regulatory clampdowns are other headwinds to the economy.…
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Global stocks fall as oil hits a 3-year high and China’s energy crunch fans fears of inflation
Wang Ying/Xinhua via Getty Images Global stocks fell Tuesday as China's energy shortage hit factories, a risk to the supply of goods. That shortage and a natural gas squeeze helped drive Brent crude's price above $80 a barrel. Soaring Treasury yields were weighing on US stocks, with techs under particular pressure. Sign up here for…
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Elon Musk says dogecoin fees have to fall for it to become a viable form of payment, after AMC suggests it might accept the token for movie tickets
Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk says dogecoin fees would have to fall for it to become a viable payment option. His tweet came after AMC's CEO said the movie-chain operator may accept dogecoin for movie ticket payments. Musk's latest tweet suggests he isn't sure about adopting dogecoin for Tesla yet.…