While Donald Trump has said little about his antitrust positions, Republicans traditionally oppose regulatory blocks on corporate growth...
Continue ReadingBig Tech earnings are still beholden to the AI trade...
Continue ReadingShiba Inu and bitcoin also jumped on the heels of Trump's victory...
Continue ReadingElon Musk — the billionaire CEO of Tesla, SpaceX, and xAI, and the owner of The Boring Company, Neuralink, and X — took a sharp swing to the right this election to support President-elect Donald Trump, using his vast wealth, influence, and megaphone on X to influence the outcome of the election. Musk’s support came in spite of Trump’s anti-EV stance and climate change skepticism, and it’s a pivot from the executive’s relationship with Trump years ago. Musk served on two advisory councils during...
Continue Reading(Bloomberg) -- The alarm from economists has been clear for months: Brace yourself. If he delivers on his campaign promises for an aggressive package of new US tariffs, they’ve warned, a re-elected Donald Trump will set the stage for a historic period of turmoil in the global economy.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowKey Ballot Initiatives and Local Races Highlight Views on Abortion,...
Continue Reading(Bloomberg) -- No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off, or if he ends up getting burned.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationListen and subscribe to Elon, Inc. on Apple, Spotify, iHeart an...
Continue ReadingOn Tuesday, two AI startups tried convincing the world their AI chatbots were good enough to be an accurate, real-time source of information during a high-stakes presidential election: xAI and Perplexity. Elon Musk's Grok failed almost instantly, offering wrong answers about races' outcomes before the polls had even closed. On the other hand, Perplexity offered helpful, real-time election insights and maps throughout the night, linking to reliable resources and offering historical context where...
Continue ReadingInvesting.com -- Following election night’s overwhelming victory for President Donald Trump, tech CEOs across Silicon Valley are out congratulating the president-elect...
Continue ReadingThe Dow industrials surged to their biggest gain in two years, with the dollar and bitcoin also posting sharp climbs...
Continue ReadingShares of Ford Motor and General Motors rose sharply Wednesday. Ford stock was up stock was up 5.6% at $11.19 a share in midday trading, while the and gained 2.4% and 3.4%, respectively. GM stock was up as much as 3% Wednesday, flirting with $54 a share...
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