Elon Musk, the CEO of Tesla, has sold another 7.92 million shares in the electric vehicle manufacturer, valued at approximately $6.88 billion. According to regulatory documents, the sales occurred during the firm’s annual shareholder meeting last week. Musk claims he… Read More ›
The United States Senate has adopted a $700 billion (£577 billion) economic package that includes big legislation on healthcare, taxes, and climate change. The measure aims to reduce the cost of certain medications, raise corporate taxes, and limit carbon emissions…. Read More ›
SoftBank has confirmed that it has sold its remaining share in Uber, the ride-hailing behemoth based in the United States, as the Japanese conglomerate seeks to raise funds amid rising losses at its investment subsidiary. SoftBank’s Vision Fund, its technological… Read More ›
Russia has barred investors from so-called hostile nations from selling shares in important energy projects and banks until the end of the year, increasing pressure on the West in the sanctions standoff. Since Russia’s incursion into Ukraine in late February,… Read More ›
Beyond Meat Inc reported a lower revenue prediction for the year and job losses as growing inflation hampered the company’s efforts to make its more expensive plant-based meat more affordable to consumers. Higher plant-based meat prices have hampered the category’s… Read More ›
Data reveal that Eurozone retail sales fell more than predicted in June as factory gate prices continued to climb, indicating a deterioration in consumer demand that could presage a recession in the second half of the year. Eurostat, the European… Read More ›
A key unit of Toyota Motor Corp faked emissions data on some engines dating back to at least 2003, more than a decade earlier than previously reported, according to a company-commissioned investigation released on Tuesday. In a rare criticism of… Read More ›
Bitcoin briefly surpassed $24,000 on Friday, recording its highest monthly performance in nine months as risk assets continued to rise. According to CoinDesk data, the world’s largest digital currency touched a six-week high of $24,412 early Friday, its highest level… Read More ›
The US economy shrank for the second quarter in a row, a milestone that would be called an economic recession in many other countries. That is not the case in the United States, where the decision is made using additional… Read More ›
On Wednesday, gas flows via Nord Stream 1 plummeted to one-fifth of the pipeline’s capacity, causing Germany’s network authority to issue yet another plea to families and industry to conserve energy and prevent rationing. The drop in flows comes only… Read More ›
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