R.Tsubin/Getty Images Bitcoin hit a fresh record Thursday, soaring to new highs following continued buy-in from major institutions. On Thursday, Mastercard announced it will allow merchants to accept select cryptocurrencies on its network starting later this year, while Bank of New York Mellon said that it will issue, hold, and transfer bitcoin for clients in… Continue reading Bitcoin surges 7% to a record high amid new adoption from Mastercard and BNY Mellon
Author: Business Insider
‘Dr. Doom’ economist Nouriel Roubini says Elon Musk’s tweets about bitcoin ahead of Tesla’s investment are ‘market manipulation’ and that the SEC should investigate (TSLA)
Dr. Nouriel Roubini testifying in front of Congress. Tom Williams/Getty Images Nouriel Roubini told CoinDesk he believes Elon Musk should be investigated by the SEC for “market manipulation.” The economist, known as Dr. Doom for his pessimistic views, pointed to tweets from Musk prior to Tesla’s bitcoin purchase as evidence for his claims. Musk has… Continue reading ‘Dr. Doom’ economist Nouriel Roubini says Elon Musk’s tweets about bitcoin ahead of Tesla’s investment are ‘market manipulation’ and that the SEC should investigate (TSLA)
What Elon Musk, Richard Branson, Jack Dorsey, and 51 other top executives ask job candidates during interviews
On a scale of one to 10, how weird are you? Former Zappos CEO Tony Hsieh.Ethan Miller/Getty One of Zappos’ core values is to “create fun and a little weirdness,” Tony Hsieh, former CEO of the company, told Business Insider. To make sure he hires candidates with the right fit, Hsieh typically asks the question: “On a scale… Continue reading What Elon Musk, Richard Branson, Jack Dorsey, and 51 other top executives ask job candidates during interviews
Joining with Toyota and Uber gives Amazon-backed Aurora the tools it needs to take on self-driving leader Waymo
Three recent deals have given Aurora access to ride-hailing and car-building expertise. The latest, a partnership with Toyota, puts Aurora in a better position to compete with Waymo. But Aurora still has to prove it can put robotaxis on the road. Visit the Business section of Insider for more stories. Aurora Innovation has announced three… Continue reading Joining with Toyota and Uber gives Amazon-backed Aurora the tools it needs to take on self-driving leader Waymo
Bitcoin jumps 7% after Elon Musk posts an image of a crypto-themed ring and makes a vague reference to dogecoin
Photo illustration by Chesnot/Getty Images The price of bitcoin rose by as much as 7% on Thursday after Elon Musk posted a vague tweet with a reference to dogecoin and an image of a crypto-themed ring. The digital asset rose by $4,000 to trade around $48,000 at 9:40 a.m. ET, after it was stuck around… Continue reading Bitcoin jumps 7% after Elon Musk posts an image of a crypto-themed ring and makes a vague reference to dogecoin
Tesla’s rise means that Elon Musk represents a ‘key man’ risk for the stock market, DataTrek says
Yasin Ozturk/Anadolu Agency via Getty Images The meteoric rise of Tesla and its inclusion into the S&P 500 means Elon Musk represents “key man” risk to the stock market, DataTrek said in a note on Thursday. “Tesla is 2% of the S&P 500, large enough to drag down the index if something were to happen… Continue reading Tesla’s rise means that Elon Musk represents a ‘key man’ risk for the stock market, DataTrek says
Cathie Wood and her analysts discuss why Tesla’s $1.5 billion bitcoin purchase could trigger a wave of corporate investments, the fallout of the GameStop-AMC phenomenon, and their bullish views on the Chinese stock behind Clubhouse
In a Tuesday webinar, Ark CEO Cathie Wood said stocks are not in a bubble but bonds are. She and her team break down the implications of Tesla’s $1.5 billion bitcoin investment. They also shared the investment case for the Chinese stock behind the audio chat app Clubhouse. Visit the Business section of Insider for… Continue reading Cathie Wood and her analysts discuss why Tesla’s $1.5 billion bitcoin purchase could trigger a wave of corporate investments, the fallout of the GameStop-AMC phenomenon, and their bullish views on the Chinese stock behind Clubhouse
Crypto boss Justin Sun is down $8 million on his GameStop bet — and reveals he told Warren Buffett to invest in Tesla and bitcoin
Warren Buffett and Justin Sun. Reuters Connect Justin Sun invested $12 million in GameStop, AMC, and silver during the meme-stock boom. The Tron chief’s $10 million bet on GameStop has slumped in value to about $2 million. Sun advised Warren Buffett to invest in Tesla and Bitcoin during their charity lunch. Visit Business Insider’s homepage… Continue reading Crypto boss Justin Sun is down $8 million on his GameStop bet — and reveals he told Warren Buffett to invest in Tesla and bitcoin
Elon Musk’s brother sold Tesla shares worth $25.6 million after an upward streak in the electric-car maker’s stock
Kimbal Musk. Michael Loccisano/Getty Images Kimbal Musk, a Tesla board member, sold $25.6 million worth of shares in the electric-car maker this week. Elon Musk’s younger brother still holds nearly 600,000 shares in the company, worth about $483 million. Another board member, Antonio Gracias, sold 150,747 Tesla shares but replaced them with call options. Sign up here… Continue reading Elon Musk’s brother sold Tesla shares worth $25.6 million after an upward streak in the electric-car maker’s stock
Uber beats Q4 2020 earnings expectations but misses on $3.17 billion in revenue amid slow pandemic recovery (UBER)
Uber on Wednesday reported $3.17 billion in Q4 revenue, missing expectations of $3.58 billion. Uber reported GAAP losses per share of $0.54, beating analyst expectations of $0.55. Uber’s valuation doubled in 2020 despite the pandemic and the company’s inability to turn a profit. Visit the Business section of Insider for more stories. Uber on Wednesday… Continue reading Uber beats Q4 2020 earnings expectations but misses on $3.17 billion in revenue amid slow pandemic recovery (UBER)