Activist short-seller Carson Block, the founder of Muddy Waters Research, had an epiphany of sorts about Elon Musk and Tesla (TSLA), causing him to change his tune on the electric vehicle entrepreneur after a rather odd dream involving Social Capital CEO Chamath Palihapitiya. In his first-ever investor letter after nearly six years of managing money, Block…
Posts published in “Finance”
Traders work on the floor of the New York Stock Exchange.NYSEU.S. stock futures were mixed Wednesday night after the market shrugged off the July inflation report and the Dow Jones Industrial Average and S&P 500 hit records.Dow futures rose 9 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures fell 0.02% and 0.14%, respectively.In…
People are reflected on an electric board showing Nikkei index and its graph outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-HoonAsian stock markets : https://tmsnrt.rs/2zpUAr4Gold drops more than 4% at one stage, oil prices slideStrong U.S. jobs report brings Fed tapering nearerRising Treasury yields lift dollar to 4mth…
Apple is updating to the Mac Pro with new graphics card modules on Tuesday, featuring options based on the AMD Radeon Pro W6000 series. The company claims the new Radeon Pro W6800X MPX Module, Radeon Pro W6800X Duo MPX Module, and Radeon Pro W6900X MPX module should give a boost to performance for the graphics-heavy…
(Bloomberg) -- Stocks in China and Hong Kong jumped Thursday, after authorities intensified efforts to calm fears about a crackdown on the private education industry and as the central bank pumped liquidity into the financial system.The CSI 300 Index closed 1.9% higher, led by materials and industrial stocks. Hong Kong’s Hang Seng Index rallied 3.3%,…
Nasdaq Inc. is teaming up with a group of banks including Goldman Sachs Group Inc. and Morgan Stanley to spin out its marketplace for shares of private companies. The deal could help drive more transactions to Nasdaq Private Market, the New York-based exchange operator’s trading platform for shares of companies that haven’t yet had an…
A Tokyo court handed down prison terms for the American father and son accused of helping Nissan’s former chairman, Carlos Ghosn, escape to Lebanon while awaiting trial in Japan.Michael Taylor was sentenced Monday to two years in prison, while his son Peter was sentenced to one year and eight months.They were charged with helping a…
President BidenJoe BidenJohn Kerry to visit Moscow officials to discuss 'global climate ambition' Civil rights leaders find meeting with WH 'encouraging' amidst voting rights battle Pentagon eyes places to send Afghan interpreters as Biden pledges evacuations by end of July MORE’s sweeping executive order on competition targets industries from banking and airlines to technology and…
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1. Wall Street set to close first half of 2021 with solid gainsTraders on the floor of the New York Stock Exchange, June 25, 2021.Source: NYSEU.S. stock futures were flat Wednesday, one day after the S&P 500 and Nasdaq eked out record high closes, again. The Dow Jones Industrial Average, which gave up a gain…