Tesla is now sitting on $2.5 billion of bitcoin

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Tesla is sitting on roughly $2.5 billion worth of bitcoin, according to a securities filing, giving the automaker a significant gain on paper just a few … Read more

Stocks making the biggest moves midday: Tesla, Crocs, UBS & more

Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Tesla — Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and a $101 million benefit from selling … Read more

Elon Musk to host ‘Saturday Night Live’ on May 8

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Johannessen-Koppitz | Bloomberg | Getty Images Elon Musk will host NBC’s “Saturday Night Live” for the first time on May 8, the long-running sketch comedy show announced over … Read more

Biden plans to cut greenhouse gas emissions. These stocks will win, says Morgan Stanley

Solar panels on a solar farm. Victor De Schwangerg | Science Photo Library | Getty Images The Biden administration is developing its climate change policies, and a range of companies across sectors will likely benefit as these initiatives unfold, said Morgan Stanley. “As both domestic and global policy continues to evolve, we see a multi-decade … Read more

Cramer’s week ahead: The market is creating ‘unbelievable buying opportunities’

CNBC’s Jim Cramer said Friday that investors should be ready to find buying opportunities in the stock market with earnings season in full swing. When companies report quarterly results, market players digest numbers quickly and Wall Street tends to make many mistakes, he said, pointing to trading action in Honeywell and American Express as an … Read more

Taxes and inflation will be key themes for markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail … Read more

Tesla branded as ‘arrogant’ in China as pressure mounts on the electric carmaker

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters BEIJING and GUANGZHOU, China — Tesla faces mounting pressure in China as state media and regulators criticize the electric carmaker following an alleged customer’s protest at a major auto show this … Read more

Enjoy bizarre Dogecoin party till it all goes very wrong

By Jared Dillian I’ve been either investing or writing about investing for 22 years, and I’ve seen a lot of weird stuff, but nothing as weird as Dogecoin, the lighthearted dog-themed cryptocurrency that was created as a joke. It’s now valued at more than $50 billion, exceeding Ford Motor Co. and many other companies with … Read more

Facebook-backed Diem aims to launch digital currency pilot later this year

Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But after facing strong opposition from … Read more

Stock futures rise slightly ahead of major corporate earnings

U.S. stock futures rose slightly in overnight trading on Monday as investors prepared for the next batch of corporate earnings. Dow futures rose 65 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures popped 0.13%. The major averages fell on Monday, dragged down by overall weakness in the technology sector. The Dow Jones Industrial … Read more