Pros on CNBC discuss Tesla’s stock after its CEO, Elon Musk, names a new Twitter executive to replace him.
Baupost’s Seth Klarman ups his stakes in Alphabet, Coinbase to ride the tech rebound
The value manager added to his technology holdings in the first quarter to take advantage of the sector’s big rebound.
Good news for markets next week. Everyone agrees the debt ceiling ‘X date’ is not here yet
The bad news is that complacency is nigh in stock land. The CBOE Market Volatility Index traded below 18 on Friday, having fallen almost 22% in 2023.
Dan Snyder agrees to sell NFL’s Washington Commanders to Sixers owner Josh Harris
Dan Snyder has agreed to sell the Washington Commanders to a consortium led by Sixers owner and private-equity investor Josh Harris.
Interest rates rise to 5.5% on new federal student loans—why they’re still better than private ones
Congress sets the interest rates for federal student loans each year. The new rates go into effect for loans disbursed on or after July 1.
Former Trump probe prosecutor refuses to answer House Judiciary Committee questions
Mark Pomerantz once played a key role in the Manhattan DA’s criminal probe of Donald Trump. The former president is charged with falsifying business records.
DeSantis allies could shift $86 million to help him run for president as watchdogs cry foul
Ron DeSantis, widely considered former President Donald Trump’s top potential GOP primary rival, is expected to launch his White House bid in the coming weeks.
Wall Street downgrades Club names Disney and Estee Lauder. Here’s our view
Two firms issued bearish calls on Club holdings Walt Disney (DIS) and Estee Lauder (EL) late this week.
Bitcoin dips below $27,000 and PitchBook releases Q1 crypto report on VC investments: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Robert Le, crypto analyst at PitchBook, breaks down the research firm’s Q1 report on venture capital investments in the space and emerging opportunities as well as his analyst note on Consensus 2023 released this week.
Alzheimer’s treatment Leqembi could cost Medicare up to $5 billion per year, study estimates
The authors said the estimated costs of Leqembi to Medicare are conservative and spending on the Alzheimer’s treatment may increase more than anticipated.