Tesla chair sold stock worth $230M while profits at Elon Musk's carmaker plunged
NEW YORK — The chair of Tesla sold more than $230 million of company stock since Elon Musk’s endorsement of Donald Trump triggered boycotts and protests against his cars, sending its profits and stock price plunging.
More than half of Robyn Denholm’s cash haul came from sales in the first four months this year as Tesla stock fell by one-third,
Read MoreActive MF schemes: Cash hits Rs 2 lakh crore mark as funds deployed lag inflows
Active mutual fund schemes likely sat on a cash pile of Rs 2,00,000 crore in April, as funds deployed to equities lagged monthly inflows. This includes cash, treasury bills, CDs and commercial papers held by active equity-oriented schemes.
Mutual funds’ net buying for stood at Rs 18,000 crore in April.
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Read MoreTrump tariffs live updates: Trump claims India offered zero tariffs, urges Apple to stay in US
Yahoo Finance’s Josh Schafer reports:
April’s Consumer Price Index (CPI) is expected to show the first clear signs of inflationary impacts from President Trump’s tariffs.
The report, set for release at 8:30 a.m. ET on Tuesday, will greet investors less than 24 hours after markets soared on news the US and China have placed a 90-day pause on a wide swath of tariffs between the two countries.
Read MoreWorld shares are mostly lower after a mixed session on Wall Street
World shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street.
Oil prices fell about $2 a barrel.
China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.
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Read MoreS&P 500 and Nasdaq Climb for Second Day as Inflation Eases, US-China Trade Tensions Cool
Wall Street rebounded strongly on Tuesday. Investor sentiment was buoyed by easing inflation and a temporary trade agreement between the United States and China. The S&P 500 and Nasdaq finished the day higher for the second day in a row, the first signs of renewed confidence in the economy after weeks of extraordinary uncertainty.
The Burst
Rocket Lab’s 340% Surge Hits a Roadblock—Is It a Buy Now?
Shares of space vehicle launch company Rocket Lab (NASDAQ:RKLB) have been through a wild ride over the last year. On a 12-month basis, the company’s stock has risen by over 340 percent on extremely strong growth and improving fundamentals.
On a 30-day basis, however, RKLB shares have lost almost 30 percent of their value.
» Read more about: Rocket Lab’s 340% Surge Hits a Roadblock—Is It a Buy Now? »
Read MoreThe Ivy
This AI-Powered Sports Stock That Just Scored Big, Is It a Buy?
Sportradar (NASDAQ:SRAD) should be on your radar for a stock to watch after soaring post earnings despite announcing mixed results for earnings versus revenue for Q4 of 2024.
The company surpassed consensus EPS estimates just once in the past four quarters but revenues have steadily increased and eclipsed consensus expectations.
» Read more about: This AI-Powered Sports Stock That Just Scored Big, Is It a Buy? »
Read MoreThe Spotlight
Why Is Buffett Pouring Into This High Yield Bet
2024 has been a surprising year for Warren Buffett and Berkshire Hathaway. The company became the first American business outside of the tech sector to achieve a $1 trillion valuation, and an unusually buoyant stock market has caused many of its holdings to gain substantially in value.
Despite these successes, Buffett personally appears to be turning bearish.
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