Latest Elon Musk News

Stock market today: World stocks mixed after Wall Street momentum slows with cooling Trump trade

Nov. 13, 2024 03:48 AM EST

HONG KONG (AP) — European markets opened higher on Wednesday while Asian stocks followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory. Germany’s DAX edged 0.2% to 19,067.59. In...

Senate Republicans are gathering behind closed doors to pick a new majority leader

Nov. 13, 2024 00:19 AM EST

WASHINGTON (AP) — Republican senators will gather behind closed doors Wednesday to decide who will replace longtime Senate leader Mitch McConnell and lead their new majority next year — a decision that could shape the future of the Senate, and the party, as Donald Trump reclaims the presidency....

Trump says Musk, Ramaswamy will form outside group to advise White House on government efficiency

Nov. 12, 2024 21:04 PM EST

WASHINGTON (AP) — President-elect Donald Trump on Tuesday said Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk's...

Trump spends first week as president-elect behind closed doors at Mar-a-Lago

Nov. 12, 2024 20:17 PM EST

WASHINGTON (AP) — For a man who loves the spotlight, Donald Trump has been conspicuously out of view since his triumph in last week's presidential election. There have been no rallies, no press conferences, no speeches. Instead, Trump has spent most of his first week as...

FACT FOCUS: Election officials knock down Starlink vote rigging conspiracy theories

Nov. 12, 2024 18:05 PM EST

As President-elect Donald Trump begins filling key posts in his second administration, social media users are pushing false claims that the 2024 election was rigged in his favor. One such narrative claims that billionaire Elon Musk facilitated the alleged fraud with his internet...

Stock market today: Wall Street drifts lower as the Trump trade cools

Nov. 12, 2024 17:08 PM EST

NEW YORK (AP) — U.S. stocks drifted lower Tuesday as momentum cooled for the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 slipped 0.3% a day after setting its latest all-time high. The Dow Jones Industrial Average...

How major US stock indexes fared Tuesday, 11/12/2024

Nov. 12, 2024 16:33 PM EST

U.S. stocks edged lower as momentum came out of the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 slipped 0.3% Tuesday, coming off its latest record. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq...

Elon Musk's PAC spent an estimated $200 million to help elect Trump, AP source says

Nov. 11, 2024 18:02 PM EST

WASHINGTON (AP) — Elon Musk's super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group's spending, funding an effort that set a new standard for how billionaires can influence elections. The billionaire Tesla and SpaceX CEO...

Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000

Nov. 11, 2024 17:18 PM EST

NEW YORK (AP) — U.S. stocks rose Monday, led by those seen as benefiting the most from Donald Trump’s reelection as president, but drops for some high-profile Big Tech stocks kept indexes in check. The S&P 500 edged up by 0.1%, coming off its best week of the year following...

How major US stock indexes fared Monday, 11/11/2024

Nov. 11, 2024 16:37 PM EST

Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to...