Stanley Druckenmiller made big bets on semiconductor stocks during the first quarter, according to a regulatory filing released Tuesday. Duquesne Capital initiated positions in Intel, Micron Technology and Qualcomm. The fund bought 2.46 million shares of Intel, 2.19 million shares of Micron and 411,000 of Qualcomm. In total, Duquesne invested $273.8 million in those stocks, […]

SoFi CEO Anthony Noto, who left Twitter earlier this year to take over the online lender, has just sent his first quarterly letter to shareholders. While he didn’t address the sexual harassment allegations that led to the ouster last year of co-founder Mike Cagney, Noto did broadly discuss the establishment of “our mission and our […]

Tesla’s move to shut down production of its Model 3 for six days is a “big deal” but it’s not necessarily a bad thing, tech analyst-turned-venture capitalist Gene Munster told CNBC on Tuesday. The electric car maker plans to pause production at its California factory at the end of May to work on fixes to […]

Earlier this month Warren Buffett said at the Berkshire Hathaway shareholder meeting he made a mistake by underestimating Jeff Bezos and not investing in Amazon. But this wasn’t the first time the billionaire investor shared his positive view on the founder of Amazon. In a 2017 interview video clip found using CNBC’s Warren Buffett Archive, […]

Fintech company Circle is looking make a better, faster, digital version of the U.S. dollar. The Goldman Sachs-backed start-up announced a new cryptocurrency pegged to the dollar, and a $110 million investment round led by profitable crypto mining company Bitmain, which brings Circle’s value near $3 billion, the company announced Tuesday. “It unlocks an incredible […]

Tesla will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters. The Silicon Valley luxury electric car maker previously warned of 10 days of temporary shutdowns this quarter as […]

With a valuation of $69.6 billion, San Francisco-based Uber is the most valuable venture-backed company in the world. That’s according to recently released data from private financial market database PitchBook. Just behind Uber is the ride-hailing giant’s Chinese rival, Beijing-based Didi Chuxing, the world’s second most valuable venture-backed company at $56 billion. In fact, of […]

Amazon Web Services is loading up on engineers at a semiconductor unit in Portland, Oregon, where the cloud business is focused on improving video processing speeds. Chips are becoming more important to AWS as the company aims to control more of the hardware in its giant data centers and strengthen itself against growing competition from […]

Everybody on Wall Street knows Tom Wolfe’s 1987 novel, “Bonfire of the Vanities,” which is a remarkable description of the culture and temper of the New York financial world in the 1980s — especially relevant now in Trumpworld as figures from that era take greater and greater national prominence. But Wolfe, who died on Monday […]

Basketball may be the most profitable sport in FanDuel’s fantasy sports game now, but CEO Matt King bets tennis could benefit most from legalized sports betting. “The beauty of tennis is that you could literally bet on every single hit in the match — every single point — and so it creates a lot of […]