SpaceX or Tesla: Which Elon Musk Stock Should Investors Buy?
For years, investors who wanted to bet on Elon Musk’s vision had only one real option: Tesla (TSLA +0.42%).
That changed when Space Exploration Technologies (SPCX +5.15%) finally went public.
Now investors face an unusual choice.
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Read MoreMatador Resources, Chord Energy, Magnolia Oil & Gas, SM Energy, and Northern Oil and Gas Stocks Trade Down, What You Need To Know
What Happened?
A number of stocks fell in the morning session after the Federal Reserve’s interest-rate decision, pausing a recent rally even as Middle East supply risks remained in focus. Brent crude eased 1.1% to $107.61 a barrel, its first decline of the week, according to the Associated Press.
Dow Slides 600 Points On Rate Hike, Hawkish Warsh; Guardant, Apple, Twilio Eye Buy Points
The Dow Jones Industrial Average tumbled more than 600 points Wednesday, as Wall Street pushed stocks lower after the Federal Reserve’s widely anticipated interest-rate hike and Fed chief Kevin Warsh’s hawkish commentary. Blue chips paced index declines, leaving the Dow industrials down 1.2%, or 631 points, for the index’s third straight fall.
Dow Jones Top Company Headlines at 5 PM ET: Exxon Is Nearing a Preliminary Deal to Invest in Venezuela's Oil Fields | Amazon …
Exxon Is Nearing a Preliminary Deal to Invest in Venezuela’s Oil Fields
The U.S. oil major is negotiating a potential return to the Latin American country 19 years after its exit.
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Amazon Boosts Minimum Pay for U.S. Full-Time Core Operations Staff to $20/Hour
The $1-per-hour increase applies to the e-commerce company’s front-line workers,
Read MoreHow investing is getting riskier (Two Indicators)
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Margin borrowing and sports gambling “investments” are both on the rise! Today on the show, two stories from Planet Money’s daily podcast The Indicator about the ways investing is changing, and getting riskier.
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Read MoreThe Burst
Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock
David Einhorn has made a name for himself as the founder of Greenlight Capital, which manages around $1.7 billion at last count in Q3 2023.
Interestingly, the fund has made a massive bet on another company with Green in its name, Green Brick Partners. It’s an unfamiliar name to many investors and even those who do know of it may wonder why such a huge position was established by Einhorn and his investment team.
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Read MoreThe Ivy
Avoid This Semi Stock Like The Plague?
On August 1st, Intel released its Q2 earnings report, much to the chagrin of longtime shareholders.
In the release, the company reported a 1% year-over-year revenue drop alongside a quarterly net loss of $1.6 billion. Much more concerning was the company’s plan for a cost reduction campaign that involved layoffs, reduced capital expenditures and a suspension of the company’s quarterly dividend.
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