World
Brazil supreme court unfreezes assets of Elon Musk’s Starlink, X after taking fines
Elon Musk, chief executive officer of Tesla Inc., at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty Images Brazil’s supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk’s social […]
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This tech stock ETF just posted one of its best weeks of the past few years
Leading technology stocks led an eye-popping rebound rally over the past five days, driving a key exchange-traded fund to one of its best weeks in years. The Technology Select Sector SPDR Fund (XLK) surged 8.2% this week, the most since Nov. 11, 2022, when the fund gained 10.04%. That was the same month the artificial […]
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A big Fed meeting looms in the week ahead as economic concerns percolate
It’s finally here. The Federal Reserve is set to meet Tuesday and Wednesday — and is is widely anticipated to make its first interest rate cut after embarking on a hiking campaign in March 2022. Back then, the overnight lending rate was anchored near zero; now, it’s at 5.25% to 5.5%. It’s a long-awaited meeting […]
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Bitcoin nears $60,000 as consumer sentiment hits four-month high: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Adam Sullivan, […]
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DJT shares soar as Trump says ‘I’m not selling’ stake
Former US President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos Verdes, California, on September 13, 2024. Robyn Beck | Afp | Getty Images Shares of Trump Media shot up by more than 25% on Friday, minutes after majority owner Donald Trump […]
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41-year-old who just completed the first civilian spacewalk dropped out of high school to start his $7 billion business
Billionaire Jared Isaacman made history in space — again. On Thursday, Isaacman spent 10 minutes floating in the vacuum of space outside of a SpaceX capsule. Isaacman, the billionaire CEO and founder of payment processing company Shift4 Payments, is part of the first-ever all-civilian spacewalk — three years after he led a 2021 SpaceX mission […]
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Billionaire investor John Paulson says the Fed can ‘move aggressively’ on rate cuts
Billionaire investor and hedge fund veteran John Paulson said Friday that he would like to see the Federal Reserve start big with its rate cuts. The Fed is expected to lower its benchmark interest rate on Wednesday, but traders are split on how big the move will be. The central bankers seem to be deciding […]
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Tesla Semi fire in California took 50,000 gallons of water to extinguish
Tesla Semi. Courtesy: Tesla A single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board. The crash, which occurred on California’s Interstate 80 west of Lake Tahoe, […]
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Oracle’s Larry Ellison briefly tops Jeff Bezos to become world’s second-richest person
Larry Ellison, chief technology officer of Oracle (L), and Jeff Bezos, founder and executive chairman of Amazon. Reuters Oracle‘s best week on the stock market since 2021 has bolstered Chairman Larry Ellison’s net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world’s second-richest person. Ellison’s net worth reached $208.4 […]
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Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images Tiger Global is planning to join OpenAI’s buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to […]
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