Venture capital
Morgan Stanley aims to serve the richest of the rich as family offices grow to $5.5 trillion in assets
Jed Finn, Chief Operating Officer for Morgan Stanley Wealth Management and Head of Corporate and Institutional Solutions Source: Morgan Stanley After making inroads managing money for the merely wealthy, Morgan Stanley is setting its sights on the richest of the rich — family offices with tens of billions of dollars in assets, CNBC has learned. […]
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Tesla CEO Elon Musk hosts ‘Cyber Rodeo’ party to open Austin factory
On Thursday night, Tesla CEO Elon Musk spoke at a grand opening event for the electric vehicle maker’s new $1.1 billion factory near the Austin airport in Texas. At the event, he spoke about how massive the new factory is, and teased products that are still in development, including the Cybertruck, and a robotaxi that […]
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Army Corps of Engineers withdraws SpaceX application to expand Starship facilities in Texas
Starship prototype 20 stacked on top of Super Heavy booster 4 at the company’s facility in Boca Chica, Texas. SpaceX The US Army Corps of Engineers has withdrawn SpaceX’s application to expand launch facilities in Boca Chica, Texas, after the company failed to provide environmental information the agency requested, according to documents obtained by CNBC. […]
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A VPN company just became Lithuania’s second tech unicorn
Network cables are plugged in a server room. Michael Bocchieri | Getty Images Cyber firm Nord Security announced Thursday that it has raised $100 million from investors at a $1.6 billion valuation, making it Lithuania’s second tech unicorn. The company is best known for its VPN product, NordVPN, which costs around $140 a year or […]
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Elon Musk spent $2.64 billion on Twitter shares so far this year, new filing shows
Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Tesla CEO Elon Musk has been buying Twitter shares on almost a daily basis since the end of January, spending $2.64 billion for […]
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Fintech stocks Toast, Affirm drop on analyst concerns about ‘longer-term growth trajectories’
The Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Shares of Toast and Affirm dropped on Tuesday after analysts at MoffettNathanson said “longer-term growth trajectories are likely to disappoint” at the two fintech companies. Toast, a point-of-sale software provider for restaurants, was down 11% as of Tuesday afternoon […]
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Three former DeepMinders are developing A.I. to pick stocks and crypto
ArtBox Images | Getty Images Three former DeepMind employees are trying to train a machine to spot and invest in company stocks and cryptocurrencies before they rise. Martin Schmid, Rudolf Kadlec and Matej Moravcik left Alphabet-owned DeepMind in January to set up EquiLibre Technologies, relocating from Edmonton in Canada to Prague in the Czech Republic […]
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This daughter and father founded a company to bury nuclear waste by drilling deep boreholes
Zoom In IconArrows pointing outwards Elizabeth Muller, the CEO, and Richard Muller, the chief technology officer, of Deep Isolation, in Texas for their 2019 demonstration. Photographer: Roman Pino, Courtesy Deep Isolation There is no permanent nuclear waste depository in the United States. Instead, nuclear waste is stored in dry casks at the locations of currently […]
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Tesla delivers 310,048 electric vehicles in the first quarter
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images Tesla just reported first-quarter vehicle production and delivery numbers for 2022. Here’s how they did. Electric vehicle deliveries (total): 310,048 Electric vehicle production (total): 305,407 Over the same period last year, Tesla […]
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Goldman Sachs is betting that you’ll want a $10,000 home improvement loan from the investment bank
David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs, the 153-year old investment bank, is now officially in the home improvement loan business as it continues a push into the finances of ordinary Americans. The bank expects to add one million customers a year to its budding Marcus retail division through […]
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