Wall Street Today | Elon Musk is now worth as much as Gates and Buffett combined
Asia stocks to start week higher; bonds decline
Asia stocks are poised to start the week higher as investors weigh solid corporate earnings against concerns about inflation and the economic recovery.
Futures rose in Japan and Hong Kong. Australia ticked higher at the open, while U.S. contracts fluctuated. Wall Street stocks advanced on Friday, with the $S&P 500 Index (.SPX.US)$ chalking its best week since July as earnings buoyed sentiment.
El-Erian says investors should prepare for bigger market swings
"I worry a little bit that this wonderful world we've been living in of low volatility, everything going up, may come to a stop with higher volatility," El-Erian, the chief economic adviser at and president of Queens' College, Cambridge, said on "Fox News Sunday."
"If I were an investor, I would recognize that I'm riding a huge liquidity wave thanks to the Fed, but I would remember that waves tend to break at some point, so I would be very attentive," he said.
Apple shrugs off supply-chain woes as shares head for best week in six
Component shortages that have derailed revenue forecasts across the corporate universe came calling for $Apple (AAPL.US)$ this week. The response from shareholders? They bought more of the stock.
Apple shares rose 0.8% on Friday and wrapped up their best week in six, despite expectations that the tech giant will deliver millions fewer iPhone 13 devices this year than originally planned due to supplier constraints. The shortfall could total as many as 10 million units, people with knowledge of the matter said.
'Crazy' bets on $200 oil invade the options market
A roaring trade in bullish crude-oil options says the 2021 energy rally is far from over.
Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82. Wagers across the Atlantic are even more aggressive. Some traders are betting Brent crude, the global benchmark, will hit a record high of $200 a barrel by December 2022, according to data from provider QuikStrike.
Saks e-commerce unit begins IPO preparations
The fast-growing e-commerce business of luxury retailer Saks Fifth Avenue is aiming to go public soon at a valuation roughly triple what it was pegged at earlier this year, in a sign of the boom times for online department-store sales.
Saks is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022 and targets a valuation of around $6 billion, people familiar with the matter said. It was last valued at $2 billion in March.
Facebook plans to hire 10,000 people in the EU to build its vision for a 'metaverse'
$Meta Platforms (FB.US)$ said it plans to create 10,000 high-skilled jobs in the EU over the next five years. The recruitment drive is part of Facebook's ambition to create a digital world known as the "metaverse." A number of other companies, including Microsoft, Roblox and Epic are investing in their own versions of the metaverse.
Elon Musk is now worth $230 billion—as much as Bill Gates and Warren Buffett combined
Elon Musk has entered rarified air in the world billionaire rankings. The 50-year-old's net worth is $230 billion as of Friday morning, according to the Bloomberg Billionaires Index. Gates sits in fourth place with $130 billion and Buffett is No. 10 with $102 billion.
U.S. to lift travel ban Nov. 8, allowing vaccinated international visitors into the country
The White House previously said it planned to lift the travel restrictions, first set by the Trump administration early in the pandemic, in early November. The measure is a relief for large airlines like Delta, United and American, which have struggled to return to profitability with international travel curbed since winter 2020.
Source: Bloomberg, WSJ, CNBC
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102109868 : Thanks for the analysis and alert
xela888 : I would pick Buffet or Gates over Musk any day
艾伦哥-不明 : Needless to say,
YepYep1 xela888 : Gates funded with millions of dollars how to shoot mosquitoes wings off with a lazer!! What a Waste!! But at least Epstein is dead....
AndhyLee : ok
chris from queens : Elon is the
!
chris from queens xela888 : Buffett yeah but not Kill Gates...he shady AF!
Atomylove 艾伦哥-不明 : Good