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Musk becomes first person to hit $500 billion net worth, Forbes list shows

Editor October 1, 2025 6 minutes read
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Musk becomes first person to hit $500 billion net worth, Forbes list shows

His net worth stood at $500.1 billion as of 4:15 p.m. E.T., according to Forbes’ billionaires index.Musk’s fortunes are tied closely to Tesla, where he held a more than 12.4% stake as of September 15. The stock has risen more than 14% so far this year and closed 3.3% higher on Wednesday, adding more than $6 b …

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Apple, Google, Meta must face lawsuits over casino-style gambling apps

(Reuters) -A federal judge on Tuesday denied Apple, Google and Meta Platforms’ requests to dismiss lawsuits claiming they promoted illegal gambling by hosting and accepting commissions from casino-style apps that addict users.U.S. District Judge Edward Davila in San Jose, California, rejected the companies’ m …

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Exclusive-AI data analytics startup Dataiku picked banks for US IPO, sources say

(Reuters) -Dataiku, an artificial intelligence data analytics startup, has hired investment banks to push ahead with an initial public offering, according to people familiar with the matter. The New York-based company has hired Morgan Stanley, Citigroup and other banks to take it public, according to two p …

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Google has already transformed AI, self-driving cars, and streaming. But its latest move could be bigger than all of those combined. Whitney Tilson gave talks at Google HQ – even got a sneak preview of their Waymo robotaxis – but what he just discovered blew him away. You won’t believe what he found out.

States sue over US Justice Department’s new restrictions on grants for domestic violence victims

(Reuters) -A group of Democratic-led states filed a lawsuit on Wednesday challenging new U.S. restrictions barring them from using federal grant funding to provide legal services to victims of domestic violence and sexual assault if they are immigrants living in the United States illegally.The lawsuit marked …

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Experts are saying there is a 95% chance the Fed will trigger an adverse event for megacap tech stocks. Nvidia, Microsoft and Amazon could see their growth stunted for years to come. At the same time, an entirely new class of stocks is positioned to overtake “The Mag 7’s” spot at the top of the food chain. Get 7 stock trade ideas to help you prepare NOW for September upheaval.

After short-seller report, Cucinelli reaffirms that it operates in Russia in line with EU rules

MILAN (Reuters) -Italian luxury company Brunello Cucinelli reaffirmed on Wednesday that it operated in Russia in full compliance with European Union  regulations, as it posted a 12% increase in revenues in the third quarter, to 336 million euros ($394 million).Shares in the cashmere group have been under p …

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2x-3x a month, up to $100 billion goes up for grabs inside Wall Street’s most controversial stock… And one trillion-dollar government screw-up from 15 years ago may explain why. See the full story here…

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