Amazon founder Jeff Bezos said on Wednesday at the NYTimes DealBook Summit that he’s “actually very optimistic this time around” about President-elect Donald Trump’s upcoming second term in office. “He [Trump] seems to have a lot of energy around reducing regulation,” Bezos said, adding, “If I can help him do that, I’m going to help...
Though Meta CEO Mark Zuckerberg may not have a department to lead like Elon Musk, he’s reportedly still interested in helping shape the Trump administration’s new tech policies. Zuckerberg “is very keen to play an active role in the debates that any administration needs to have about maintaining America’s leadership in the technological sphere,” said...
Earlier this week, Elon Musk and Jeff Bezos got into a public disagreement on X, the platform Musk owns, about comments Bezos allegedly said about President-elect Donald Trump. Though Bezos denies making the remarks. “Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose for sure, so they should sell...
CNBC’s Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia, TJX and Walmart. And as postelection worries create an uncertain market landscape, he advised that investors proceed with caution. “Look, I’ve told you that there are many pitfalls with individual stocks when it comes to Trump...
Jamie Dimon says that whether bankers voted for President-elect Trump or not, they’re overjoyed at his victory. The JPMorgan Chase CEO, who leads the largest bank in the U.S. with $3.4 trillion in assets, spoke on Thursday at the APEC CEO Summit in Lima, Peru, and said “a lot of bankers” are “dancing in the...
Tesla shares have surged by about 35% since Donald Trump’s presidential win, bolstered by Trump’s ties to Tesla CEO Elon Musk. Since the election, Tesla has added close to $250 billion to its value, pushing its market cap to over $1 trillion for the first time since 2022. Tesla is now worth more than Toyota,...
President-elect Donald Trump has tapped billionaire entrepreneurs Elon Musk and Vivek Ramaswamy to lead a new department in charge of downsizing and restructuring the U.S. government to bring about “drastic change.” This new division is called the Department of Government Efficiency, or the acronym DOGE, a reference to the cryptocurrency Musk has vocally supported. Musk...
On Wednesday morning, Republican candidate Donald Trump was elected the 47th president of the United States. Wall Street is “cheering” Trump’s triumph, per NPR, and is relieved by a “quick and undisputed election result,” according to USA Today. The Dow Jones Industrial Average rose more than 3% Wednesday morning, and the Nasdaq and S&P 500...
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla CEO Elon Musk, already the world’s richest person, added another $26 billion in paper wealth on Thursday after his company’s stock had its biggest rally since 2013....
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla is set to report third-quarter earnings Wednesday after the close of regular trading. Here’s what analysts are expecting: Earnings per share: 58 cents, according to LSEG consensus estimates...