Stock News & Breaking Stories

Bill Gates and Elon Musk had a confrontational meeting in 2022 over Gates shorting $1.5 billion worth of Tesla stock, according to a new biography. Musk was upset and "super mean" to Gates during the meeting. The book also reveals Gates' criticism of Musk's beliefs on climate change and Mars colonization.

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Bitcoin's price fell by nearly 8% in an hour of frenzied trading, erasing most of its gains since June. The sell-off coincided with news that Elon Musk's SpaceX had written down the value of its bitcoin holdings by $373mn and sold the cryptocurrency. The volatility comes as US regulators crack down on the sector and as expectations of interest rate cuts by the Federal Reserve are reassessed.

Financial markets rally as US Consumer Price Index (CPI) matches estimates, increasing expectations of a Fed rate pause.

Disney stock is heading into its Q3 earnings report after a 6% stock price drop in Q2.

Apple is set to release its third-quarter financial results after the market closes. Analysts estimate an EPS of $1.09 on revenues of $74.24 billion.

Nigerian Exchange Limited (NGX) closed July 2023 with a 5.5% growth, the best return since 2017, outperforming other African exchanges.

US stocks slumped as Fitch Ratings downgraded the credit rating of the US government, causing European equities to tumble as well.

SoFi Technologies may benefit from easing inflation and is gaining favor among investors. It aims to disrupt traditional banking and appeals to a younger demographic. Despite some analysts' pessimism, the unique fintech firm has potential for a longer-term rally.

SoFi Technologies, a fintech firm aiming to disrupt traditional banking, may see a longer-term rally as inflation eases.

Fast food stocks fluctuate after quarterly earnings reports, some exceeding expectations.

"Barbenheimer" double feature boosts AMC attendance, breaks box office records

Wall Street sees gains, but mixed results from Netflix and Tesla.

Wall Street's winning week continues as inflation eases on economy.

Indian shares hit record highs as US inflation moderation boosts sentiment.

U.S. stocks rise as inflation eases, tech sector leads gains.

June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.

Meta's Twitter competitor, Threads, has gained 100 million users in a few days, surpassing ChatGPT. Meta's stock has risen over 135% this year, but Fidelity has written down its valuation of Twitter from $44 billion to $15 billion, representing a loss of 65.9%.