Musk’s Wealth Grows on Tesla Shares Rise
Tesla shares have soared by over 17% since the start of the week following news that the company will join the S&P 500 before the opening bell on December 21. The rally pushed Elon Musk’s wealth to the world’s richest surpassing Facebook CEO Mark Zuckerberg.
Google announces mobile-first bank accounts
According to Techcrunch, Google LLC will launch “Plex Accounts,” a service that will enable the users to manage their money with no monthly fees, overdraft charges or minimum balances.
Google has partnered with Citibank NA, Stanford Federal Credit Union and nine other banks in the US on the project, set to be officially introduced in 2021. Google said that all users’ Plex Accounts transactions and savings can be managed, organized automatically and searchable via the Google Pay app.
Nvidia Earnings
Nvidia Corp. released its Q3 financials with revenue for the period surging 57% to $4.73 billion. Net income was up 49% to $1.3 billion while earnings per share in the three months ended October 30, rose 114% to $2.12.
“NVIDIA paid $99 million in quarterly cash dividends in the third quarter. It will pay its next quarterly cash dividend of $0.16 per share on December 29, 2020, to all shareholders of record on December 4, 2020.” it said in a statement.
