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☆ Meet Peter Tuchman, the most photographed stock trader on Wall Street
▼ + stars: | 2023-03-25 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +5 min

Peter Tuchman, one of the most recognizable stock brokers on Wall Street, has been at the NYSE for over 37 years. Tuchman, who has been at the New York Stock Exchange for nearly 38 years, is the most-photographed broker on the trading floor. Tuchman describes the New York Stock Exchange as "the delta of all information" and the "last standing human entity market in the world." He landed a summer job as a teletypist at the New York Stock Exchange days after getting back. In the midst of the craziness, the wildness, and the chaos of the stock market.

☆ Fauci hits back at critics like Elon Musk, who have called for his prosecution, saying 'I wish I could figure out what the heck they're talking about'
▼ + stars: | 2023-03-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Dr. Anthony Fauci has responded to critics such as Elon Musk over his pandemic response. What are they talking about," Fauci said. Acosta had read Fauci a tweet from Elon Musk suggesting Fauci should be prosecuted. I wish I could figure out what the heck they're talking about. Representatives for Musk and Fauci did not immediately respond to Insider's request for comment, made outside normal working hours.

☆ Billionaire tech CEO says Meta and Google over-hired so much they didn't have enough work for employees: 'They really were doing nothing'
▼ + stars: | 2023-03-13 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

C3.ai's CEO said Google and Meta over-hired employees and didn't have enough work for them to do. Thomas Siebel joked that if you want to work remote "in your pajamas," you should work at Facebook. "If you want to work from home, like four days of work in your pajamas, go to work for Facebook." Siebel is far from the first executive to express concern that tech workers aren't doing enough work. Last year, Microsoft CEO Satya Nadella warned that remote work has spurred "productivity paranoia" among managers.

☆ Venture Capital Investors Are Trying to Take Over Pandemic Response
▼ + stars: | 2023-03-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

Private capital has been eyeing public health for years. Several founders and investors told me that the failure of Kleiner's fund made Silicon Valley wary of investing in pandemic preparedness. Venture investors love that kind of thing. Public health and private industryWhen COVID hit, Charity Dean was the assistant director of the California Department of Public Health. In the end, almost every pandemic-related product created by Silicon Valley will ultimately require the government as a primary customer.

☆ This Binance-backed Web3 gaming startup just raised $5 million. Check out the 13-slide pitch deck Unagi used to raise the seed round.
▼ + stars: | 2023-02-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French blockchain gaming company Unagi has raised $5 million in seed funding. French blockchain gaming startup Unagi has raised $5 million in seed funding as it looks to expand its offering. "It's been an interesting time with a lot of struggles for us as we arrived after the peak of the market," Guillemot, Unagi cofounder, told Insider. The $5 million fundraise was led by early-stage VC and game developer, Sisu Game Ventures. This latest fundraise, which follows a recent $4.3 million fundraise with Binance Labs, doubles the company's valuation to $37.2 million, Unagi said.

☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
▼ + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

During the pandemic, mortgage rates plummeted below 3%, flooding the real estate market with homebuyers trying to snag a good rate. "Mortgage rates have trended down in the past couple of months," he says. So... [for] someone waiting for a 3% or 4% mortgage rate, it's not going to happen." For example, Rocket Mortgage is currently offering a mortgage rate buydown program called Inflation Buster. Evaluate whether you're buying for the right reasons and determine if you and your budget are ready for this important milestone.

☆ Why do people buy crackpot conspiracy theories?
▼ + stars: | 2023-01-26 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

When it comes to the spread of cockamamie conspiracy theories, Twitter was a maximum viable product long before Elon Musk paid $44 billion for the keys. The more you think you're right all the time, a new study suggests, the more likely you are to buy conspiracy theories, regardless of the evidence. It'd be better, or at least more reassuring, if conspiracy theories were fueled by dumb yahoos rather than self-centered monsters. Still, most scientists thought conspiracy theories weren't worth their time, the province of weirdos connecting JFK's death to lizard aliens. Pennycook's findings also suggest an explanation for why conspiracy theories have become so widely accepted.

☆ Drag artist says George Santos was a left-wing Lula supporter in Brazil before going to the US and turning into 'this crazy thing'
▼ + stars: | 2023-01-23 | by ( Nicole Gaudiano | Virginia Alves | ) www.businessinsider.com time to read: +4 min

A drag artist who knew him in the mid-2000s told Insider Santos supported Brazil's left-wing president then. Rochard said Santos supported Lula and then "goes to the US and turns into this crazy thing there. They were all Lulistas and Anthony was too because he hung out with us," Rochard told Insider, using the name Rochard says Santos used in Brazil, "Anthony." Brazilian drag artist Eula Rochard holds a newspaper from 2008 that she says shows GOP Rep. George Santos in drag attire. Rochard met Santos when he was about 17 years old and said she used to catch Santos in "little white lies."

☆ China's BYD takes cautious approach to U.S. in global EV push
▼ + stars: | 2023-01-18 | by ( Norihiko Shirouzu | ) www.reuters.com time to read: +7 min

[1/2] The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. While BYD has not fully articulated its global ambitions in public, a concerted worldwide push has become the single most important strategic focus for China's biggest EV maker, four sources familiar with BYD management's thinking said. "BYD is taking a cautious approach to the U.S.," the person said. "I would say BYD at this point is already better positioned than Tesla in the EV era." "America is going to be a key, key part of this global push strategy," one said.

☆ 18 movies with valuable entrepreneurial lessons: From 'Startup.com' to 'Becoming Warren Buffett'
▼ + stars: | 2023-01-17 | by ( Vikas Jha | ) www.businessinsider.com time to read: +21 min

Takeaway: This movie shows the effect money, greed and power can have on relationships. "The Social Network" (2010)"The Social Network" shows us that business success requires more than just a great idea. "Becoming Warren Buffett" (2017)In this documentary, Warren Buffett reveals his day-to-day, and his two most important investing rules. Takeaway: This movie shows how two young men were pitted against each other, striving to grow in a cut-throat business. I've found myself feeling motivated after watching a great film with lessons I can transpose to my entrepreneurial journey.

☆ Tesla shares tumble following deliveries report
▼ + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.nbcnews.com time to read: +3 min

Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Those more recent estimates were in line with a company-compiled consensus distributed by Tesla investor relations Vice President Martin Viecha. Some Wall Street analysts think Tesla’s deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023.

☆ Tesla shares tumble 10% following deliveries report
▼ + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Shares of Tesla dropped 10% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts' estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Some Wall Street analysts think Tesla's deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023. "We believe key debates from here will be on whether vehicle deliveries can reaccelerate, margins and Tesla's brand," the analysts said.

☆ Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
▼ + stars: | 2023-01-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 millionDeliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. In its third-quarter shareholder presentation, Tesla wrote: "Over a multi-year horizon we expect to achieve 50% average annual growth in vehicle deliveries. Shares of Tesla started to rise again in the final days of December 2022, in anticipation of record fourth-quarter and full-year deliveries.

☆ Tesla stock to close out worst year ever with a 65% loss in 2022, wiping out more than $700 billion in market cap
▼ + stars: | 2022-12-30 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Tesla stock is on pace for its worst year on record as trading in 2022 comes to a close. Shares sank about 65% from the start of the year, amounting to a loss of more than $700 billion in market value. Investors have sounded the alarm on slowing demand and vehicle production, a sluggish market share in China, Fed rate hikes, and CEO Elon Musk's takeover of Twitter. The Tesla stock sell-off far outpaced the losses of major indices including the S&P 500 and the tech-heavy Nasdaq, which plunged 20% and 33%, respectively, for the year. "Don't be too bothered by stock market craziness.

☆ Wall St ends firmer, growth stocks lead in thin trading
▼ + stars: | 2022-12-29 | by ( Echo Wang | ) www.reuters.com time to read: +3 min

All 11 S&P 500 sector indexes rose, with communication service (.SPLRCL) and technology (.SPLRCT) as the biggest winner with gains of nearly 3%. The Fed's aggressive interest rate hikes have hammered equities this year, with the benchmark S&P 500 (.SPX) shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%. Tesla Inc (TSLA.O) shares rose after Chief Executive Elon Musk told staff they should not be "bothered by stock market craziness." For 2022, Tesla's 66% slump and Amazon.com's 50% drop played a big part in the S&P 500 consumer discretionary sector's 38% loss. The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 new lows.

All the major S&P 500 sector indexes rose, with consumer discretionary (.SPLRCD) and technology (.SPLRCT) leading the pack with a near 3% rise. The Fed's aggressive rate hikes have hammered equities this year, with the benchmark S&P 500 (.SPX) shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%. The CBOE Volatility index (.VIX), known as Wall Street's "fear gauge", slipped, signaling an easing in investor anxiety. Tesla shares (TSLA.O) rose 8.3% after Chief Executive Elon Musk told staff they should not be "bothered by stock market craziness". The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 40 new highs and 117 new lows.

All the major S&P 500 sectoral indexes rose, with consumer discretionary (.SPLRCD) and information technology (.SPLRCT) up 1.8% and 1.9%, respectively. The U.S. Labor Department's report showed initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24. The report hinted at some softening in an otherwise tight labor market, bolstering hopes that the U.S. central bank would dial down its aggressive monetary policy stance. "Signs of the job market beginning to weaken is certainly apparent," said Peter Cardillo, chief market economist, Spartan Capital Securities LLC. A strong labor market and resilient American economy have fueled worries that interest rates could stay higher for longer even though easing inflationary pressures keep alive hopes of smaller increases.

Initial claims for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said. The report suggested that the rapid interest rate hikes were starting to take a toll on the labor market, bolstering hopes that the U.S. central bank would dial down its aggressive stance. "Signs of the job market beginning to weaken is certainly apparent," said Peter Cardillo, chief market economist, Spartan Capital Securities LLC. ET, Dow e-minis were up 172 points, or 0.52%, S&P 500 e-minis were up 29 points, or 0.76%, and Nasdaq 100 e-minis were up 116.25 points, or 1.08%. Reporting by Ankika Biswas and Amruta Khandekar in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk tells Tesla employees don’t be 'bothered by stock market craziness'
▼ + stars: | 2022-12-29 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +2 min

After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be “too bothered by stock market craziness.”Musk circulated the comments on Wednesday in a companywide email, which CNBC obtained. Tesla shares have declined about 68% for the year, though they rose 3.3% on Wednesday to $112.71. The stock is down 42% in December, and is poised to close out its worst month, quarter and year on record. In the email, Musk thanked Tesla employees for their work in 2022, encouraged them to push hard for a strong fourth-quarter finish, and asked them to “volunteer to help deliver” cars to customers before midnight on Dec. 31, if at all possible. The Tesla and SpaceX CEO sold tens of billions of dollars worth of shares in his electric vehicle company in 2022 to finance the $44 billion buyout of the social media company.

☆ Elon Musk to Tesla employees: Don't be bothered by 'stock market craziness'
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk to Tesla employees: Don't be bothered by 'stock market craziness'Tesla CEO Elon Musk told Tesla employees in an email that they should not be "too bothered by stock market craziness" as shares of the company are on pace for their worst year ever. CNBC's 'Squawk on the Street' team discuss.

☆ Musk to Tesla staff: Don't be too bothered by stock market craziness
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMusk to Tesla staff: Don't be too bothered by stock market crazinessCNBC's Lora Kolodny reports on Elon Musk's recent note to staff at Tesla.

☆ Musk tells Tesla workers not to be 'bothered by stock market craziness'
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +2 min

Dec 28 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk told employees that they should not be "bothered by stock market craziness" after the company's shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk's distraction with running Twitter. In an email sent to staff on Wednesday and reviewed by Reuters, Musk said he believes that long term, Tesla will be the most valuable company on earth. Analysts expect Tesla to deliver 442,452 vehicles in the fourth quarter, according to Refinitiv data. Tesla has offered stock compensation for most employees including factory workers. "Btw, don't be too bothered by stock market craziness.

☆ Elon Musk assures Tesla workers they should not be 'bothered by stock market craziness'
▼ + stars: | 2022-12-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Still, Elon Musk told Tesla employees Wednesday not to be "bothered by stock market craziness." In an email to staff on Wednesday, Musk said he believes Tesla will be the most valuable company on Earth long-term, Reuters reported. Insider's Phil Rosen noted that Tesla was one of the worst-performing stocks on the S&P 500. Still, Tesla's chief executive Elon Musk told his employees not to be "bothered by stock market craziness" on Wednesday, according to a report from Reuters. The drop in Tesla's stock has been linked to concerns over softening demand for electric vehicles and Musk's distraction with Twitter.

☆ '2023 is going to be one of the greatest years to invest': A millennial who achieved financial independence at age 30 shares his top investing advice as we head into the new year
▼ + stars: | 2022-12-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Millennial Money founder Grant Sabatier thinks 2023 is going to be a great year to invest. A lot has changed since then, most notably the Covid-19 pandemic, which sent the stock market into freefall in March 2020. This year, however, stocks have been slipping again, recession fears continue to grow, and investors are increasingly scared of putting their money in the stock market. You can get really good deals on multi-family properties and on commercial warehouse space." His main takeaway is that, across the board, "there are going to be a lot of good deals and a lot of good value in 2023."

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