According to a report from the New York Post, Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private. Musk, Twitter’s second-biggest shareholder, has a 9.1% stake in the company…. Read More ›
Entrepreneurship
TSMC raises $3.5 billion for Arizona chip plant
A term sheet from TSMC shows that the chip giant has raised $3.5 billon in bonds for its new plant in Arizona. TSMC, the world’s largest contract chip-maker, has commenced constructing a chip plant at Arizona last year. It intends to… Read More ›
Netflix subscriber base weighed down by changes in consumers on-demand services behavior, Ukraine war
For the first time in more than a decade, Netflix Inc reported a loss citing the war in Ukraine, and fierce competition which led to a loss of subscribers; it has also forecast deeper losses ahead, marking an abrupt shift… Read More ›
US biggest pension fund plans to replace Warren Buffett at Berkshire Hathaway
In a significant development, CalPERS, the biggest U.S. public pension fund, said it will vote for a shareholder proposal to replace Warren Buffett as Berkshire Hathaway Inc’s chairman; he will however continue to remain as its CEO. In a regulatory… Read More ›
UK Growth To By Slowest Among G7 Countries Due To Ukraine War
The industry had long anticipated the $100 per kilowatt-hour battery cell cost threshold as a sign that electric vehicles had attained price parity with their fossil-fuel counterparts. Economists suggest, however, that with rising gasoline prices and evolving consumer preferences, this… Read More ›
Electric Vehicle Sales Continue To Surge Despite Surging Battery Costs
Buyers from all over the world are lining up to buy electric vehicles this year, despite rising sticker prices, reversing a decade and a half of conventional wisdom that EV sales would only take off if battery costs fell below… Read More ›
EU embargo on Russian oil being prepared: French Finance Minister
On Tuesday, French Finance Minister Bruno Le Maire said, an embargo on Russian oil at a European Union level was in the pipeline. “I hope that in the weeks to come we will convince our European partners to stop importing… Read More ›
New Zealand imposes new sanctions on Russia
On Tuesday, New Zealand imposed new sanctions on Russia’s largest banks and financial institutions, following its invasion of Ukraine. “We are deeply concerned at the reports of brutality from Russian forces,” said Foreign Minister Nanaia Mahuta in a statement. “New… Read More ›
InfoWars files for Chapter 11 bankruptcy
Following filing of multiple defamation suits, InfoWars has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. Chapter 11 bankruptcy procedures put a hold on all civil litigation matters and allow… Read More ›
Verizon Communications raises minimum wages to $20 per hour
In a statement, Verizon Communications Inc said, it would raise the minimum wages for its existing and new customer service, retail and inside sales employees to $20 an hour following a tightening of the labor market and rising inflation. In recent… Read More ›
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