Elon Musk could become world’s first trillionaire

Elon Musk could become world’s first trillionaire

Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires … Read more

Buy these stocks ahead of earnings, Goldman Sachs says

Buy these stocks ahead of earnings, Goldman Sachs says

Analysts at Goldman Sachs named a slate of stocks to snap up as earnings season gets underway. There are plenty of buy-rated companies heading into quarterly reports, according to the firm. Those names include LivaNova , Spotify Technology, TKO Group and ServiceNow. Spotify Technology “SPOT is the clear global audio platform leader,” wrote analyst Eric … Read more

Malcolm and John David Washington launch film

Malcolm and John David Washington launch film

Getty Images Actors Danielle Deadwyler and John David Washington attended the movie’s UK premiere at the London Film Festival The Piano Lesson has become the latest August Wilson play to be adapted for the screen by Denzel Washington and his family. But while the Hollywood star has directed, starred in or produced film adaptations such … Read more

How the Fed’s rate cutting cycle could hit crypto’s ‘systemically important’ stablecoin sector

How the Fed’s rate cutting cycle could hit crypto’s ‘systemically important’ stablecoin sector

Fed rate cuts are likely to help push bitcoin and other risk assets higher, but some stablecoin issuers could suffer a hit to their revenue. Stablecoins are now collectively the 18th largest holder of U.S. Treasurys, with more than $120 billion of them backing different coins, and Bernstein recently called them an increasingly “systemically important” … Read more

This niche AI play is seeing business growth rates that are triple the pace of the data centers

This niche AI play is seeing business growth rates that are triple the pace of the data centers

As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. nVent Electric , Vertiv and Modine Manufacturing have seen their stocks soar in 2024, buoyed by partnerships with tech giants investing billions in AI infrastructure. Despite the gains, Wall Street believes these … Read more