Known mostly for semi-autonomous and vehicle innovation such as their newly released Cybertruck, it's surprising to think that Tesla is in fact a data company. Founder of EMJ Capital Eric Jackson joined Yahoo Finance Executive Editor Brian Sozzi on Opening Bid and explained that collections of big data sets paves the way for a company's AI model. Jackson pointed out that despite all the flack Elon received for buying Twitter, "Twitter brings a lot of data... He clearly sees the importance of that as a co-founder of Open AI." More: https://lnkd.in/esecKFaE #yahoofinance #finance #business #AI #tech
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Gold hit a record high as hopes for Federal Reserve rate cuts grow. High rates tend to be negative for gold, which bears no interest. Even so, the metal has still soared nearly 20% this year, supported by large purchases from central banks, strong consumer appetite in China and demand for haven assets amid geopolitical tensions. https://yhoo.it/3xZHtxQ
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Billionaire Elon Musk says he's moving the headquarters of SpaceX and social media company X to Texas from California. https://yhoo.it/3Wn2Fr1
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BlackRock CEO Larry Fink has had a change of opinion when it comes to bitcoin, it seems. Once a 'proud skeptic,' Fink now calls the cryptocurrency 'digital gold.' https://yhoo.it/3S5mh0o
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Costco Wholesale announced it will be hiking its membership fees for the first time since 2017. (Don't worry — the hot dogs will still cost $1.50. 😅) Yahoo Finance's Wealth! Host Brad Smith breaks down the price increases and how your membership may be impacted. More: https://lnkd.in/eaQc6XHg #yahoofinance #finance #money #business
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If the fact that Tesla bulls have a religious-like commitment to the stock isn’t clear from social media, it sure is from its financials. Though Nvidia has gotten most of the valuation attention during this year’s bull run, Tesla’s valuation has investors paying almost double. https://yhoo.it/4cWRsCS
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Portfolio Wealth Advisors chief investment officer Lee Munson has been working on Wall Street for 27 years — and he says the game has 'totally changed' when it comes to investing. There are some new rules these days, Munson says. More: https://lnkd.in/eQCsrumg #yahoofinance #finance #money #markets #investing
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Trump Media & Technology Group skyrocketed Monday after former President Donald Trump survived an assassination attempt at a Pennsylvania rally on Saturday. Shares of the parent company of Trump's social media platform, Truth Social, surged as much as 41% to close around $41. https://yhoo.it/3Wl4dSn
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Tesla CEO Elon Musk signaled the automaker would take more time to unveil its robotaxi so it can incorporate an important design change to the front of the vehicle and "show off" some other things. "Requested what I think is an important design change to the front, and extra time allows us to show off a few other things," Musk said on his X social media platform in a reply to a user post discussing the event. https://yhoo.it/4d2GCLC
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Macy's has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading. https://yhoo.it/3LqvYTo