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Tesla shares fell nearly 8% in morning trading.Musk tweeted on Saturday that he would offload 10% of his stock if users of the social media network approved the proposal.The Twitter poll asking Musk's followers if he should sell stock garnered more than 3.5 million votes, and 57.9% of people voted "Yes".

(Bloomberg) -- Kimbal Musk sold Tesla Inc. shares a day before his brother, Chief Executive Officer

Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut.Rivian shares closed at $100.73 on last day, marking a nearly 30% jump from its offering price.That made Rivian the second most valuable U.S. automaker after Tesla Inc, which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.

U.S. consumer spending rises in June, inflation increases . NEW YORK, July 30 - U.S. stocks fell on Friday with Amazon.com shares declining after the company forecast lower sales growth, but the S&P 500 still posted a sixth straight month of gains.Amazon.com Inc shares sank after it reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.Shares of oth

A $1.2 trillion infrastructure package is inching closer to the finish line now that the Senate has

As the Federal Open Market Committee begins its two-day policy meeting Tuesday, it confronts dual si