Mark Zuckerberg Net Worth: Wealth Tops Elon Musk as 3rd Richest

Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on... Read more »

JPMorgan says Tesla sales miss threatens ‘rarified valuation’

Tesla stock has room to fall further after the electric vehicle maker missed first-quarter delivery estimates, according to JPMorgan. The bank reiterated an underweight rating on Elon Musk’s company Wednesday but slashed... Read more »

Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, Beijing. Mumbai... Read more »

Xiaomi shares up 16% after Chinese smartphone maker launches first EV

A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province.  Future Publishing | Future Publishing | Getty Images BEIJING — Shares... Read more »

Fed must cut rates more aggressively due to jobs: Canaccord Tony Dwyer

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push... Read more »

Tesla is one of the most oversold stocks, could be due for a rebound

It may be time to buy shares of Tesla as a popular metric on Wall Street indicates shares could be ripe for a rebound. The broader market has struggled this week thanks... Read more »

EV euphoria is dead. Automakers trumpet consumer choice in U.S.

Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment... Read more »

Dodge Charger EV, gas-powered muscle car revealed

2024 Dodge Charger Daytona Scat Pack EV Dodge DETROIT — Dodge won’t abandon its traditional, gearhead, high-octane Charger and Challenger owners with its next-generation muscle car. The automaker on Tuesday revealed the... Read more »

The future of EVs in the collectible cars market, from Tesla to BMW

Elon Musk at a Tesla Motors press conference at the 2009 North American Auto Show. James Leynse | Corbis Historical | Getty Images The term “collectible vehicle” might conjure up images of... Read more »

Musk Increasingly Puts His Thumb on the Scale for Trump’s GOP

Elon Musk has assured his more than 175 million followers that he’s not donating money to Donald Trump or Joe Biden. Instead, the billionaire is making something of an in-kind contribution to... Read more »

Goldman sees this stock market tailwind growing to $1 trillion in 2025

S & P 500 share repurchases could make a comeback in 2024 with the help of the Magnificent 7, according to Goldman Sachs. The firm estimates S & P 500 constituents will... Read more »

The best EV plays are now in China. Analysts are raising price targets

With Apple reportedly out of the electric car game and Tesla losing market share in some Chinese cities, the best EV stock plays are arguably now all based in China. The country... Read more »

Mercedes Unveils $3.2 Billion Buyback as Cash Flow Swells

Mercedes-Benz Group AG plans to buy back as much as €3 billion ($3.2 billion) worth of stock, extending moves to reward shareholders after cash flow exceeded expectations. The German luxury-car maker said... Read more »

What’s behind the ‘once-in-a decade momentum’ in Arm Holdings stock

Shares of Arm Holdings have been on a rollercoaster ride since reporting earnings last week , posting three moves of 19% or more within the last six trading sessions. What’s driving these... Read more »

Five Things You Need to Know to Start Your Day: Asia

Good morning. US inflation data are expected to show abating price pressures. Traders are yanking cash out of inflation-linked bonds. Bitcoin jumps to $50,000. Here’s what’s moving markets. — Isabelle Lee January... Read more »

Cathie Wood is standing by Tesla amid sharp sell-off, betting on robotaxi cycle in 2 years

Ark Invest’s Cathie Wood said Wednesday she’s standing by her bullish thesis on Tesla and is buying the dip in the electric vehicle company as the stock sold off. “Tesla is going... Read more »

Too exposed to Big Tech? These ETFs may help broaden out your risk

Big Tech’s market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi’s Todd Rosenbluth. “Investors are getting nervous that too much money is concentrated in a handful of stocks... Read more »

Jeff Bezos Discloses Plan to Sell Amazon Stock (AMZN) as Shares Surge

Jeff Bezos plans to sell as many as 50 million shares of Inc. over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of... Read more »

From Green Hype to Bailouts, the Nickel Industry Has Imploded

Just 18 months ago, the world’s biggest mining company was in a nickel frenzy. BHP Group, to much fanfare, had struck a deal with Tesla Inc. to supply it with the crucial... Read more »