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Chinese stocks tumbled to a five-year low on Monday after regulators vowed to pull the dwindling market back toward stability. Alongside the issue, Beijing is boasting about its self-reported 5.2 percent GDP growth in 2023, but calculations from a Japanese financial commentator suggest a different picture.  

Tesla Inc. CEO Elon Musk has said he wants a 25 percent share in Tesla, and that otherwise he would prefer to build products outside of the company, regarding it as an AI and robotics firm rather than an auto company. As CEO of Tesla and SpaceX and owner of Twitter/X, Mr. Musk currently holds […]

According to Brad Setser, a former U.S. trade and Treasury official, China currently holds a total of $6 trillion in its foreign exchange reserves. But half of those funds are not recorded in the official books of the central bank. Instead, this money is stored by state commercial lenders and policy banks. Setser says that […]

The federal judge that was set to oversee Disney’s First Amendment lawsuit filed against Florida Gov. Ron DeSantis recused himself from the high-profile case on June 1 after discovering that a “relative within the third degree of relationship” owns Disney stock. In a 14-page decision (pdf), U.S. Chief District Judge Mark Walker, an Obama appointee, said that […]

Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence. Nvidia Corp. joins tech titans like Alphabet, Apple, and Microsoft in the $1 trillion club. Its stock rose 5 percent in Tuesday trading, eclipsing $408 per share. Since its initial […]

Target’s stock has dropped more than 10 percentage points since the company drew controversy for unveiling its latest line of LGBT products. Since the backlash hit Target, the Minneapolis-based retailer’s stock has dropped some 12 percent, according to data published by the Dow Jones Market Data Group.  That amounts to a loss of more than $9 […]

Intel has recorded its biggest quarterly loss in the entire history of the company—it lost a whopping $2.8 billion. But, at the same time, Intel’s stock skyrocketed after the news, and it’s remained high.

The Biden administration on Friday petitioned the U.S. Supreme Court to hear an appeal of a lower court ruling that halted a federal ban on “bump stocks,” with the Justice Department requesting the high court reimpose a ban on the devices until it hears the case. Bump stocks, which are accessories that let semi-automatic firearms […]

Mark Zuckerberg’s recent earnings call seemed to spark a nearly 20 percent jump in Meta shares. NTD takes a look into some reasons for the share price increase and what Meta is working on.

A trial on Tesla shareholders’ claims against the company continues from 10:00 a.m. ET on Jan. 20. Some shareholders accused Elon Musk and Tesla directors over allegations of fraudulently inflating Tesla stock in 2018 by posting on Twitter that he was considering taking the electric vehicle company private. NTD will livestream the event.

Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell Tesla stock next year “under any circumstances.” Speaking in a Twitter Spaces audio forum, Musk also assured investors Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an […]

The Securities and Exchange Commission alleges that a group of social media influencers misled their followers in a stock price manipulation scheme.

Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Thursday, as House Democrats released a legislative framework that seeks to close loopholes, cut conflicts of interest, and make penalties for non-compliance more painful. Rep. Zoe Lofgren (D-Calif.), chair of the Committee on House Administration tasked with […]

The executive vice president and CFO of Bed Bath & Beyond (BBBY), who took his own life by jumping from a Tribeca skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value. A group of shareholders claiming a loss of around $1.2 billion sued […]

Tesla Inc. Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some […]

Investors have slashed their stock allocation to the lowest level since the collapse of Lehman Brothers during the financial crisis of 2008–09, a new poll found. According to Bank of America’s latest monthly survey of global fund managers, investors’ expectations of international growth and corporate profits cratered to levels not seen since the economic collapse […]

America’s banks are resilient enough to withstand even a “severe” recession with unemployment soaring to 10 percent, the real estate market melting 40 percent, and stocks sinking 55 percent, the Federal Reserve said. The Fed put dozens of America’s biggest banks under a “stress test” exercise to evaluate their resilience and ability to support a […]