During the stock market’s worst year since 2008, energy stocks have greatly outperformed other assets.
Billionaire Alibaba executive vice chairman Joe Tsai plans to sell an 8% stake in the Chinese online retailer he cofounded.
Musk said he hopes to find “someone else to run Twitter,” reducing the number of multibillion-dollar companies he helms back to two.
The head of the Securities and Exchange Commission cautioned Americans about the risks of investing in the lightly regulated cryptocurrency industry
The crypto industry shed US$176 billion in market capitalization since Sunday, a 19.5% decline.
Republicans have an 83% of flipping one chamber of Congress, according to FiveThirtyEight, and investors eat up the legislative headaches caused by a split in power in Washington.
Musk’s tweet of a Shiba Inu wearing a Twitter shirt sent dogecoin up 12%.
There’s a popular investment strategy to buy stocks October 31 and sell May 1.
Musk fired Twitter CEO Parag Agrawal and other top executives as his US$44 billion deal closed, CNBC first reported.
The Nasdaq Golden Dragon China Index fell 14% Monday and is down nearly 80% from its February 2021 peak.