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Yesterday β€” 25 June 2024Main stream

Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian

25 June 2024 at 17:56
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.

Β© Joel Angel Juarez/Reuters

The Volkswagen investment provides cash to Rivian, which has struggled to ramp up manufacturing of its electric pickups and sport utility vehicles.
Before yesterdayMain stream

Nvidia, with $3.34 Trillion Market Cap, Becomes Most Valuable Company

The chip maker’s stock price has jumped over the last year thanks to its stranglehold on the market for the chips needed to build A.I. systems.

Β© The New York Times

Elon Musk Got 72% in Tesla Shareholder Vote on Pay

About 72 percent of shares in the balloting affirmed the chief executive’s lucrative stock award. The company hopes to get a court to reinstate it.

Β© Gonzalo Fuentes/Reuters

Tesla’s decisive shareholder vote affirming Elon Musk’s stock award was a vote of confidence in his leadership of the electric car company.

X CEO Linda Yaccarino Touts Advertiser Return After Musk Takeover

13 June 2024 at 18:40
Still, Elon Musk, who owns the platform, and his chief executive Linda Yaccarino, have work to do to grow the business, leaders told employees.

Β© Jason Andrew for The New York Times

Linda Yaccarino told X employees that 65 percent of advertisers had returned to the platform since January, while admitting that the business continues to face advertising headwinds.

Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86

10 May 2024 at 14:46
Using advanced computers, he went from M.I.T. professor to multibillionaire. His Medallion fund had 66 percent average annual returns for decades.

Β© Mark Lennihan/Associated Press

Jim Simons 2007. After publishing breakthrough studies in advanced mathematics, he decided to apply his genius to a more prosaic subject β€” making as much money as he could.

Reddit Posts $575 Million Loss Tied to I.P.O. but Also Strong Growth

7 May 2024 at 17:04
Reddit’s first earnings report as a public company showed leaps in users and advertising revenue, along with expenses related to its initial public offering.

Β© Natalie Keyssar for The New York Times

The New York Stock Exchange on Reddit’s first day of trading in March. On Tuesday, the company reported a 48 percent increase in quarterly revenue.

How Pastor Chad Nedohin Helped Turn Trump Media Into a Meme Stock

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

Β© Amber Bracken for The New York Times

Chad Nedohin, a podcaster and part-time pastor in Canada, has urged people to invest in Trump Media & Technology Group and hold on to the stock.
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