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Tesla's stock surge is being driven by 'animal spirits,' according to UBS

found 25 Nov Quartz

qz.com › tesla-stock-surge-elon-musk-trump-ubs-animal-spirits-1851707333

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Tesla shares have surged on investor optimism that President-elect Donald Trump will bring forward policies that benefit his ally, CEO Elon Musk. But those gains are entirely based on momentum, not any changes to the company’s fundamentals, UBS analysts warned on Monday.

Trump's Commerce secretary pick is getting closer to a crypto firm being investigated by the feds

found 25 Nov Quartz

qz.com › trump-tether-lutnick-cantor-fitzgerald-crypto-cartel-1851707251

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President-elect Donald Trump’s pick to lead the Commerce Department is moving to deepen the ties between his company and the firm behind the world’s largest stablecoin, Tether.

Dow futures jump 300 points and the dollar falls after Trump picks Scott Bessent as Treasury Secretary

found 25 Nov Quartz

qz.com › djia-sp-500-nasdaq-markets-trump-bessent-treasury-1851707120

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The Dow climbed and the dollar weakened early Monday following the news that President-elect Donald Trump has tapped Wall Street’s Scott Bessent to be his next Treasury Secretary.

They gave Donald Trump millions. Here's what they want

found 25 Nov Quartz

qz.com › donald-trump-campaign-donors-elon-musk-timothy-mellon-1851706388

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A version of this article originally appeared in Quartz’s members-only Weekend Brief newsletter. Quartz members get access to exclusive newsletters and more. Sign up here.