Musk Says Gates’ Tesla Short Equals ~1% of Shares, With Losses Topping $10 Billion
Elon Musk says Bill Gates shorted about 1% of Tesla’s shares - a bet that may have cost more than $10 billion as the stock rallied.
Stay informed with concise, high-impact updates on the most important business, tech, and market stories of the day. Our Briefs deliver quick yet comprehensive coverage of breaking developments, corporate moves, regulatory changes, and major innovations shaping global industries. Each piece distills complex events into clear, actionable insights - perfect for readers who want to stay ahead without scrolling through endless newsfeeds. Designed for professionals and investors alike, this section keeps you connected to the pulse of global markets and the business world in minutes.
Elon Musk says Bill Gates shorted about 1% of Tesla’s shares - a bet that may have cost more than $10 billion as the stock rallied.
A $10,000 investment in silver made near its 1980 peak would be worth only about $13,000 today, underscoring weak long-term returns.
Strategy purchased more than 10,600 Bitcoin worth $980 million in just one week, strengthening its position as a leading corporate BTC holder.
Nasdaq has asked the SEC to approve 24-hour stock trading, a move that could transform U.S. equity markets and expand access for global investors.
Kiyosaki says an AI bubble could burst within three to four months and trigger what he calls the biggest market crash in history.
Michael Burry warns that growing Fed intervention and rising bank reserves could push the U.S. toward effective nationalization of its $40 trillion bond market.
Cisco shares climbed above their dot-com bubble high for the first time in 25 years, allowing investors who bought at the 2000 peak to finally break even.
Oracle shares fell 6.5% after reports claimed some OpenAI data centers were delayed, despite the company denying any changes to project timelines.
JPMorgan arranged a $50 million Galaxy Digital bond issued on Solana, with institutional investors settling the transaction in USDC.
Revolut and Trust Wallet have partnered to offer instant Bitcoin and crypto purchases to users across the EU, simplifying access to digital assets through seamless fiat-to-crypto transactions.
YouTube now enables eligible U.S. content creators to receive earnings in cryptocurrency stablecoins, offering new payout flexibility amid rising crypto adoption.
Oracle’s credit risk measure climbed after its latest earnings report, driven by increased debt issuance and investor concern over capital intensity tied to cloud and AI expansion.