Tag Archives: CNBC

Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Tesla’s 39% surge since Donald Trump’s election victory last week has lifted Elon Musk’s net worth by about $70 billion.

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IAC exploring spinoff of home improvement marketplace Angi

The company said there’s no specific timeline for when the spinoff will take place, but a transaction would likely occur by the end of IAC’s second quarter.

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Tesla shares pop 10% as post-election rally continues

Tesla shares popped roughly 8% on Monday, continuing to ride a postelection rally as President-elect Trump begins to set up his presidential cabinet.

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Silicon Valley’s General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies

Saudi Arabia’s fintech startups have raised over $1.84 billion in venture capital investments since 2018, according to the kingdom’s SME authority.

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FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion

The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.

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Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning

Bitcoin hit another high on Monday, as the rally in cryptocurrencies continued following President-elect Donald Trump’s election win.

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Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high

Bitcoin hit a new record high as futures premiums soared, in a clear sign that investors believe the record-run will continue.

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Bitcoin hits $80,000 for the first time as crypto traders bask in Trump election victory

Cryptocurrencies extended their rally on Sunday, with bitcoin touching $80,000 for the first time ever.

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Fintechs Upstart and Toast soar on earnings

Wall Street applauded results from fintech companies Upstart and Toast.

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Tesla’s social media posts falsely implied that its cars are robotaxis, NHTSA warns

The National Highway Traffic Safety Administration warned Tesla that its online posts may mislead drivers into thinking its cars are robotaxis.

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