Money

The geek – What drives Elon Musk

Published

3 years ago

February 13, 2023

ticker NEWS

An industrialist who set out to change the world, Elon Musk dreams so huge, even he thought he might fail

Elon Musk is known for his fast cars and rockets to the future.

But his story began far from the dreamers of Silicon Valley.

Elon was born in South Africa in 1971 and showed an early interest in computers and technology. In fact, he taught himself how to code and created his first computer game at the age of 12.

After studying economics and physics at the University of Pretoria, Musk moved to the United States to attend the University of Pennsylvania. He later dropped out of a PhD program at Stanford University to pursue his entrepreneurial interests.

Elon’s obsession with the future knows no earthly bounds. His big audacious hairy goal is to transform humanity into a planetary species.

Under his leadership, SpaceX has developed the Falcon 1, Falcon 9, and Falcon Heavy rockets, and has become the first privately-funded company to send a spacecraft to the International Space Station.

Today, Musk is widely regarded as a visionary and a pioneering entrepreneur.

But his power isn’t in his dream, it’s in his ability to convince investors, shareholders and thousands of his employees to dream as big as him.

For Musk, Tesla is about more than cars of the future—it’s about developing a pathway to Mars.

His move to America has proven to be a key turning point in his life and has allowed him to pursue his vision of creating a better future through technology and become a great business leader.

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

5 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

6 days ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

7 days ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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