
Articles
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1 week ago |
cnbc.com | Ari Levy
Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion late-stage venture fund, according to a Friday filing with the Securities and Exchange Commission. The fund, Founders Fund Growth III, includes capital from 270 investors, the filing said. Thiel, Napoleon Ta and Trae Stephens are the three people named as directors. A substantial amount of the capital was provided by the firm's general partners, according to a person familiar with the matter.
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2 weeks ago |
cnbc.com | Ari Levy
Every bear market has days like this. The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle of the dot-com crash. During the financial crisis in October 2008, the Nasdaq enjoyed two of its best five days ever. The other two came as the tech bubble was bursting.
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2 weeks ago |
flipboard.com | Lora Kolodny |Ari Levy
5 hours agoAsked about the spat, White House press secretary Karoline Leavitt said, "Boys will be boys, and we will let their public sparring continue." WASHINGTON — Elon Musk on Tuesday blasted President Donald Trump's top trade adviser, Peter Navarro, as a "moron" and "dumber than a sack of bricks" in a spat …
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2 weeks ago |
cnbc.com | Lora Kolodny |Ari Levy
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump's top trade advisor Peter Navarro. Musk, the world's richest person, started going after Navarro over the weekend, posting on X that a "PhD in econ from Harvard is a bad thing, not a good thing," a reference to Navarro's degree. Whatever subtlety remained at the beginning of the week has since vanished.
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2 weeks ago |
nbcwashington.com | Lora Kolodny |Ari Levy
Patrick T. Fallon | Bloomberg | Getty Images Kimbal Musk, the younger brother of the world's wealthiest person, took to X to criticize President Donald Trump's tariffs, calling them a "permanent tax on the American consumer." The younger Musk, who co-owns a restaurant group, said the higher costs will result in less consumption and fewer jobs. Elon Musk is one of Trump's top advisors, focused on eliminating federal costs and slashing regulations.
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The art of the yield https://t.co/vOwUmmHM1r

Wall Street deserves a nap https://t.co/22l9PVoZpC

Things that weren’t a problem a week ago:

Must watch corporate credit very carefully. We need this market to stay liquid and functioning.