(CNBC) Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s $56 billion pay package, […]

(CNBC) The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond shares too quickly as the home goods retailer was hurtling toward bankruptcy. To […]

(CNBC)Stock futures oscillated near the flatline Tuesday night as investors awaited the Federal Reserve’s interest rate decision and May’s consumer inflation data. Futures tied to the Dow Jones Industrial Average slipped 9 points, or 0.02%. S&P 500 futures ticked up by 0.04%, while Nasdaq 100 […]

(CNBC) Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that […]

(CNBC) Broadly speaking, market observers expect that investors have already priced in how the Fed may proceed with interest rates. While the central bank in March last projected three rate cuts over the course of 2024, the latest batch of […]

(CNBC) The price of bitcoin was last lower by 3% at $67,582.34, according to Coin Metrics, extending a decline that began last week when bitcoin retreated from the $70,000 level. Earlier in the day, it fell as low as $66,140.67. Ether fell 4.8% […]

(CNBC) Stock futures inched lower Monday night as investors await the start of June’s Federal Reserve policy meeting. Dow Jones Industrial Average futures lost 60 points, or 0.15%. S&P 500 futures and Nasdaq 100 futures both lost roughly 0.1%. Those moves follow a muted but notable […]

(CNBC) OpenAI on Monday hired two top executives and announced a partnership with Apple that includes a ChatGPT-Siri integration, the company announced in two blog posts. The company said Sarah Friar, previously CEO of Nextdoor and finance chief at Square, is joining […]

(CNBC) Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott is seeking to replace Southwest CEO Bob Jordan and Chairman Gary Kelly with outside candidates, […]

(CNBC) CrowdStrike shares jumped 7% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm Comerica. S&P Dow Jones Indices said in a statement late Friday that CrowdStrike was being added to the benchmark index, along […]

(CNBC) Trump Media on Monday submitted an updated inspection of the company’s finances by a newly hired public accounting firm, after its last auditor was charged with fraud by the U.S. Securities and Exchange Commission. Shares of Trump Media ended the trading day down […]

(CNBC) Crypto’s culture encourages investors to “HODL,” or hold on for dear life, in the rollercoaster ride of bitcoin’s extreme fluctuations. But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional investors who are accustomed to rebalancing their portfolios […]