Here’s why Tesla is the worst-performing major stock this year
It was a “nightmare quarter” for Elon Musk’s electric vehicle titan.
Investing
Sam Bankman-Fried sentenced to 25 years: ‘My useful life is probably over’
Sam Bankman-Fried, the convicted FTX founder, apologized to his former customers in a federal court on Thursday, saying his “useful life is probably over.”
Y Combinator is raising billions in new funding
Storied startup accelerator Y Combinator is targeting at least $2 billion, sources told Forbes, in its first major fundraising effort under Garry Tan.
Booted from a tech startup, this CEO is now leading a $20 billion ASX giant
Sukhinder Singh Cassidy on the philosophies that have taken her to the top of the tech tree and leading a $20 billion ASX-listed company.
Women became millionaires at twice the rate of men over the past decade: JBWere
JBWere estimates that women will become custodians of more than 65% of the $4.9 trillion intergenerational wealth transfer. The number of female millionaires grew at a rate of 5.7% in 2023, almost double that of male millionaires.
Reddit IPO: Stock rallies 60% in Wall Street debut
It’s arguably the most notable initial public offering of 2024 thus far.
Apollo offers $11 billion for Paramount Studios, reports
Paramount is reportedly weighing another offer from Skydance Media and David Ellison.
Magnificent seven adds $250 billion on Gemini’s reported iPhone deal
An epic reported artificial intelligence partnership out of Silicon Valley sent stocks off to a hot start Monday ahead of a crucial week for markets.
‘Not if, but when’: Rate cuts could be delayed until 2025, experts predict
The Reserve Bank of Australia (RBA) is unlikely to lower interest rates until at least 2025, despite the easing inflation, according to the Finder RBA Cash Rate Survey.
Nvidia slump headlines broader stock losses as inflation fears creep back
Don’t look now, but semiconductor chip stocks are in a major slump.