The rise of Opendoor Technologies was the biggest story in retail-trader circles over the summer. Since the start of July when hedge fund founder Eric Jackson posted his bullish outlook, shares of the online real estate company have surged more than 1,600%, rising from less than $1 per share to a high of $10.28 on…
When DCM wrote the first institutional check into Figure Technologies, the Menlo Park-based venture firm was making a risky bet on both an unproven use of blockchain technology and a founder with a checkered past. Nearly eight years later, that decision is set to deliver one of DCM’s biggest wins: a stake worth nearly 60x…
It’s been a bad month for Palantir. Or half-month, to be more specific. Since reaching a record high on August 12, shares have been mired in a steep sell-off, falling 17%. The tumble stood in stark contrast to the stock’s 147% year-to-date ascent up until that point, a rally driven by fervid retail investors and…
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Ed Elson, a 26-year-old research analyst and co-host of the Prof G Markets podcast, has heard plenty of stories about generations before him getting rich on stocks. His own co-host, New York University business school professor and entrepreneur Scott Galloway, who’s 60, invested $800,000 in both Apple and Amazon back in 2009. Today, those investments…
Tesla is awarding Elon Musk around $29 billion in shares as a legal battle looms over a prior multibillion dollar compensation plan for the chief executive. A special committee of the company’s board of directors said the interim pay package would motivate Musk to “stay focused” on Tesla as the electric vehicle maker pivots to…
Warren Buffett’s Berkshire Hathaway posted a 4% drop in operating earnings to $11.2 billion in its first quarterly earnings report since the legendary investor revealed he plans to step down as CEO. Berkshire also sold a net $3 billion of stocks last quarter, purchasing $3.9 billion of shares but selling $6.9 billion worth. The disposals…
Tesla just had its roughest quarter in at least a decade, but some analysts and investors are still dreaming big. Elon Musk’s carmaker said on Wednesday that revenues plunged 12% year-over-year to $22.5 billion in the second quarter. Tesla’s stock fell as much as 9% in early trading on Thursday morning on the disappointing earnings,…
NEW YORK — A modest pullback for U.S. stocks Friday eased the market from all-time highs and left major stock indexes on Wall Street in the red for the week. The Standard & Poor’s 500 index closed 0.3% lower a day after setting a record high. The benchmark index’s loss for the week followed two straight weekly…
Wall Street added to its recent milestones Thursday as the market closed at an all-time high after Delta Air Lines kicked off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally. The S&P 500 rose 17.20 points, or 0.3%, to 6,280.46, inching past the record it set last…