Mar 7, 2025 | Markets
In the weeks after Donald Trump won the US presidential election, investors pumped more than $700 billion into Tesla Inc. shares, betting that Elon Musk’s relationship with the commander in chief and growing political prominence would pay off for the automaker. Barely...
Mar 7, 2025 | Markets
A slide in Tesla Inc. on Friday is capping off a round trip of epic proportions in the company’s shares. Expectations that the electric-vehicle maker would benefit from CEO Elon Musk’s close relationship with President Donald Trump made its stock one of the top...
Mar 6, 2025 | Markets
Millennium Management, Citadel and other top hedge funds posted lackluster returns in February, as market gyrations reversed momentum on key trades and clobbered popular stocks. Multistrategy firms with an equity market-neutral bias took some of the biggest hits....
Mar 6, 2025 | Markets
Just two weeks ago, high-flying mega-tech stocks and their chipmaking cousins were powering the Nasdaq 100 Index to yet another record. It was the 53rd all-time high for the tech-heavy benchmark since March 2023, when ChatGPT launched dreams of an artificial...
Mar 6, 2025 | Markets
Treasury Secretary Scott Bessent rejected the idea that President Donald Trump’s tariff hikes will ignite a new wave of inflation, and suggested that the Federal Reserve ought to view them as having a one-time impact. “I’ve agreed not to talk about prospective Fed...
