Wall Street had another big day with the Dow and S&P 500 hitting another intraday record high, just a day after the Federal Reserve cut interest rates by half-a-percentage point and forecasted that more cuts could be coming.
Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction.
Elon Musk is on pace to become the world’s first-ever trillionaire by 2027, according to a new report.
Former Labor Secretary Robert Reich published a column in The Guardian on Friday, regarding tactics big businesses and governments could utilize to control billionaire entrepreneur Elon Musk.
A federal judge in New York has ruled that Elon Musk and his company Tesla has won the dismissal of a federal lawsuit that accused them of both defrauding investors by ramping up the cryptocurrency “dogecoin” and conducting insider trading, causing billions of dollars of losses.
China is chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.
Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
Tesla has issued a recall for about 9,100 Model X sports utility vehicles in the U.S. over a trim on the roof that could separate.
Former President Donald Trump said that he would consider asking X owner Elon Musk if he wanted a position in his Cabinet if he won re-election in the 2024 presidential race.
The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession.