Elon Musk loses $15 billion in a day after Bitcoin warning
On the Bloomberg Billionaires Index, Musk slips to second among the world’s 500 richest people with a net worth of $183.4 billion—down from a peak of $210 billion in January. Even as his fortune plummeted by $3.7 billion to $186.3 billion on Monday, Amazon.com Inc. founder Jeff Bezos regained the top spot. Elon Musk is …. Read More
American life is shutting down due to coronavirus; markets slump again after dire China numbers
With daily life in the United States shutting down due to the coronavirus pandemic, global financial markets shuddered again Monday as dire economic numbers out of China offered a harbinger of what’s in store for American businesses. Across the world, countries are shutting their borders to travelers and enforcing quarantine requirements. Yet local transmission is …. Read More