Serial entrepreneur and tech billionaire Elon Musk recently shared how much bitcoin he has to his name and it’s a surprisingly little amount — 0.25 BTC or about $2,531 as of publishing time. Musk tweeted on Thursday morning that aside from the 0.25 bitcoin a friend had given to him …

Want to know where stocks are going next? Jeffrey Gundlach says take a look at bitcoin. “Strangely, bitcoin seems to be the poster child for social mood and market mood,” Gundlach, the founder of DoubleLine Capital, told CNBC’s “Halftime Report” on Friday. “We had a vertical rise from Sept. 7 …

A secretive Chinese start-up called Bitmain that dominates the bitcoin “mining” industry likely made as much as chipmaker Nvidia did last year, Bernstein analysts estimate. Based on conservative estimates of gross margin of 75 percent and operating margin of 65 percent, the analysts calculate that Bitmain made $3 billion to …

Krisztian Bocsi | Bloomberg | Getty Images An employee holds a Mercedes-Benz badge on the assembly line at the automaker’s factory in Bremen, Germany. The parent company of Geely, a large Chinese automaker, has bought a nearly 10 percent stake in German car and truck maker Daimler, Bloomberg reported on …

Jonathan Ernst | Reuters President Donald Trump arrives via Air Force One at Bismarck Municipal Airport in Bismarck, North Dakota, September 6, 2017. Boeing and President Donald Trump are nearing a multibillion-dollar deal for two new Air Force One planes, potentially ending the drawn out and highly publicized negotiations between …

Andrew Harrer | Bloomberg | Getty Images Marriner S. Eccles Federal Reserve building in Washington, D.C. A new report punches holes in the theory that Federal Reserve crisis-era asset purchases kept down long term interest rates and says the use of interest rate policy is more effective. This was the …

Andrew Harrer | Bloomberg | Getty Images In this 2017 file photo, President Donald Trump stands next to Jamie Dimon, chief executive officer of JPMorgan Chase & Co., left, in the State Dining Room of the White House in Washington. J. P. Morgan Chase CEO Jamie Dimon attended a private …

Getty Images Apple CEO Tim Cook (R) and Apple chief design officer Jonathan Ive (L) look at the new Apple iPhone X during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple is the only “big five” …

Goldman Sachs says the stocks most owned by hedge funds are outperforming the market. The bank’s hedge fund VIP (very important positions) list consists of the 50 stocks that “appear most often among the top 10 holdings of fundamentally driven hedge fund portfolios” for the December quarter. Goldman analyzed the …

Reuters President Donald Trump speaking at the State of the Union address at the US Capitol in Washington, DC, on January 30, 2018. President Donald Trump will announce new sanctions Friday in the U.S. effort to stop North Korea’s weapons development. “Today I am announcing that we are launching the …