Investor nightmare: How the Trump-Musk fallout is crushing Tesla stock
President Trump and Elon Musk have seemingly fallen out after a cozy relationship when Musk ran DOGE. Trump gives his take on why Musk is upset.
Tesla CEO Elon Musk’s vocal criticism of the tax cut package the Trump administration and congressional Republicans are advancing has left the company’s investors in limbo as Musk and the president trade verbal barbs over the bill.
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Read MoreMusk-Trump spat wipes out $150B from Tesla's market cap
The conflict began when Musk openly criticized Trump’s proposed $2.4 trillion budget bill, labeling it a “disgusting abomination.”
Trump retaliated by threatening to revoke federal contracts and subsidies for Musk’s companies, including Tesla and SpaceX.
This triggered a crash in Tesla’s stock price and a significant drop in Musk’s net worth by around $27 billion to $388 billion.
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Read MoreStock futures rise slightly as Nvidia, tech trade march on: Live updates
The Dow Jones Industrial Average slipped on Wednesday after private sector hiring hit its lowest level in more than two years, raising concerns trade policy uncertainty could be weighing on the U.S. economy.
The 30-stock Dow lost 91.90 points, or 0.22%, ending at 42,427.74. The blue-chip average snapped a four-day winning run.
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Read MoreStock market today: Gift Nifty down 14 pts; key levels to watch ahead of RBI policy
Indian benchmark indices are set to open on a muted note on Friday ahead of RBI’s monetary policy later today. The central bank is expected to cut interest rates, while Dalal Street will also be looking at its commentary. On the global front, the loggerheads between Elon Musk and Donald Trump shall also guide the direction in the near term.
What An Invest Means In Hurricane Season
As hurricane season rolls around,
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Read MoreThe Burst
1 Wild Stat Since 1990 Is Ominous
The market is much like a pendulum, swinging back and forth, or more precisely up and down. With each dip, it finds the energy to power higher to break new highs. Until the buyers are exhausted that is, and then a correction follows.
Usually, it climbs up steps, slowly and methodically, but falls down the elevator shaft.
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Read MoreThe Ivy
Billionaire Puts This AI Stock #1 (Hint, it’s not Nvidia)
While NVIDIA grabs the headlines, billionaire Stan Druckenmiller has pointed his canons towards Coherent Corp. (NASDAQ: COHR), making it the largest position in his portfolio. What is it about this stock that has warranted such a large stake and why did Stan put so many eggs in its basket?
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Read MoreThe Spotlight
Spotlight: How To Spot a Breakout
Perhaps there is no better technical pattern to master if you want to consistently and predictably generate superior returns than the breakout.
It’s a generic term that applies to a wide range of chart patterns, including basic support and resistance, as well as flag patterns, cup-and-handles, and many others. So,