Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

First American News – Raleigh, NC: Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. As Elon Musk Buys 9.2% Shares of the stock, Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday […]

Nvidia Stock Rises and Leads Chip Makers Higher After AMD’s Strong Earnings

Nvidia Stock Rises and Leads Chip Makers Higher After AMD’s Strong Earnings

First American News LLC: Raleigh, NC: Nvidia was leading fellow chip makers higher early Wednesday following fourth-quarter earnings and a forecast from Advanced Micro Devices that smashed analysts’ expectations. Nvidia (ticker: NVDA) was rising 5.3% to $259.52 in premarket trading Wednesday, Qualcomm (QCOM) was up 3.1%, and Micron Technology (MU) gained 2%. AMD’s chief rival, […]

Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

First American News LLC: Raleigh, NC: Elon Musk says his 2018 tweet about planning to take Tesla Inc. private was “entirely truthful” and that investors who claim the missive was fraudulent are wrong. Lawyers for the billionaire chief executive officer of the electric-car maker said in a court filing Tuesday that Saudi Arabia’s sovereign wealth […]

‘Crypto Winter’ Fears Chill the Battered Bitcoin Faithful

crypto winter by bloomberg subscriptions

First American News LLC, Raleigh, NC: Bitcoin’s price plunged by more than 80% to as low as $3,100 from the end of 2017 through December of the following year, a period characterized by the boom-and-bust of initial coin offerings and several big banks shelving their plans to start cryptocurrency trading desks. Bitcoin wouldn’t reach a new […]