Tesla stock sinks, Bitcoin's creator, and the next Nvidia: Markets news roundup
Plus, 10 cities where low mortgage rates have homeowners locked in ‘golden handcuffs’
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Who created Bitcoin? Is it finally known? Perhaps not.
“Money Electric: The Bitcoin Mystery,” a new HBO (WBD) documentary that premiered on Tuesday, claims that former Bitcoin developer Peter Todd is Satoshi Nakamoto, who created Bitcoin. Hours before the documentary’s release, the 39-year-old Canadian software designer involved in the early years of developing Bitcoin denied the claim, saying that he was not the creator of Bitcoin.
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Tesla (TSLA) stock fell during morning trading on Friday, after its highly-anticipated robotaxi reveal failed to impress investors.
The electric vehicle maker’s shares were down around 7.5% on Friday morning after being down about 6% during pre-market trading. Its shares closed down almost 1% Thursday before the event. Read More
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Ryan Salame, the former co-CEO of FTX Digital Markets, has been seeking a two-month delay for the start of his prison sentence due to alleged injuries from a dog. However, it appears he has come to terms with his situation. In a recent LinkedIn post, he announced his new role as an inmate at FCI Cumberland.
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Tejas Dessai, director of research at Global X, breaks down what companies to invest in for the next phase of AI expansion
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Despite signs that the “lock-in” effect is beginning to fade, many homeowners that snagged rock-bottom mortgage rates during the pandemic are still waiting on rates to fall again before making a move.