Tesla stock ‘tarnished’ by Musk’s Twitter antics, analyst warns
The Musk-Twitter saga started when the billionaire acquired a 9% stake in the firm back in April and within weeks announced a bid to acquire it at a massive premium.
Stocks
Elon Musk has sold US$3.9 billion of Tesla stock since Friday
The world’s richest person has now sold US$19.3 billion of Tesla stock since announcing his Twitter takeover.
Look who is taking on the big fish in Australia’s investing pool
Cboe, formerly the Chicago Board Options Exchange, entered the Australian market in the middle of 2021 when it acquired Chi-X.
Dow jumps 400 points – here’s why this is normally a good time for the market
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 warns Twitter will permanently ban impersonators after getting parodied by verified users
As part of an effort to mock Twitter’s new paid verification system, several verified accounts on the platform changed their display images and names to mimic Elon Musk.
What does duration have to do with stocks?
Duration measures sensitivity to interest rate changes.
Coming up on the markets
Sentiment data and a speech by RBA Deputy Governor Bullock are highlights.
This is no ‘vanilla’ market correction
A key issue at hand is how much of a decline we should expect in resource earnings.
One recession indicator isn’t flashing warning signs yet
Earnings so far have shown “some downgrades, but no great calamities.”
Chloe Stokes, Forager Funds – Where I am putting the money
Having the confidence to seize upon a situation when conditions are less than ideal is part of what underpins Stokes’ success.