This week Elon Musk sold $3.6 billion worth of Tesla shares, totaling $23 billion he sold this year. NBC News’ Jake Ward reports on how Musk’s decision comes as the company sees a significant drop in its stock prices.
Category Archives: business
FTX insider turned on Sam Bankman-Fried days before bankruptcy
Days before FTX’s bankruptcy filing last month, co-CEO Ryan Salame told Bahamian authorities that founder Sam Bankman-Fried may have committed fraud by sending
Federal Reserve announces 7th interest rate hike of the year
The Federal Reserve raised interest rates for the seventh time this year on Wednesday, making it more expensive to borrow money in the U.S. yet again. What does it mean for your money and your purchases? NBC’s Tom Costello reports for TODAY.
Elon Musk sells chunk of Tesla shares worth $3.6B
Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business worth around $3.6 billion, according to a financial filing out Wednesday
Federal Reserve announces slower pace of interest rate hikes as inflation cools
Amid signs that price growth in the U.S. economy is rapidly cooling, the Federal Reserve announced Wednesday it was slowing the pace of its rate-hiking program
Twitter suspends account that tracked Elon Musk's private jet
Twitter has suspended an account that tracked CEO Elon Musk’s private jet — just one month after Musk himself said he’d allow the account to stay put.
About 1.4 million Ram trucks recalled over malfunctioning tailgate parts
Stellantis is recalling about 1.4 million pickup trucks worldwide because the tailgates may not close completely and cargo could spill onto the road.
SEC says social media influencers used Twitter and Discord to manipulate stocks
The Securities and Exchange Commission has charged seven social media influencers with securities fraud, saying Wednesday that they were part of a $100 million
Waffle-maker Eggo fined $85K over toxic gas release at California factory
Waffle-maker company Eggo has been fined $85,000 after being convicted of negligently releasing toxic ammonia from a factory in San Jose, California,
Sam Bankman-Fried charged with fraud and money laundering
Sam Bankman-Fried, the disgraced co-founder of cryptocurrency giant FTX, is now behind bars in the Bahamas facing eight criminal counts, including conspiracy to defraud investors, lenders and the U.S. government. NBC’s Stephanie Gosk reports for TODAY.