Wednesday, December 11, 2024

Elon Musk’s net worth tops $400 billion

The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion, AFP reported.

from Economic Times https://ift.tt/4qbE2cM

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...