Money

Musk enters Guinness World Records for wrong reason

Published

1 year ago

January 16, 2023

ticker NEWS

Elon Musk has broken a world record – but maybe not one he’ll be particularly pleased about.

Musk has seen his personal fortune drop by the largest amount in history.

According to Guinness World Records, Musk has seen his personal wealth drop by a staggering $182 billion since November 2021.

That’s a bigger drop than the previous holder of the record, Soft Bank, who lost $85 billion during the Dot Com crash of 2000.

Most of Musk’s loss in personal wealth is put down to Tesla’s stock price crashing from $400 a share to around $120, and his $44 billion purchase of Twitter.

Related Topics:Business elonmusk Featured Tech trending

Up Next

SpaceX rocket Falcon Heavy completes another mission

Don't Miss

Climate change on agenda at World Economic Forum

ticker NEWS

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending