GameStop ( GME.N ) fell about 19% on Thursday, its worst performance in two years, after the surprise departure of its chief executive to expand online fueled concerns that the video game retailer was in trouble.Matt Furlong, the former head of Amazon.com, is ousted as major shareholder Ryan Cohen is named CEO of the company […]
According to a source close to the discussions, U.S. electric car manufacturer Tesla is reportedly in talks with the leaders of the regional government of Valencia in Spain for a potential automotive investment. While a spokesperson for Valencia’s regional government confirmed holding meetings and conversations with an unidentified company regarding a “large automotive investment,” they […]
To Ensure a Sustainable Future, We Must Reevaluate the Approach to Cost-Benefit Analysis Traditional cost-benefit analysis tends to undervalue long-term investments, particularly in natural capital, as it often prioritizes short-term gains and overlooks impacts beyond a 20-year timeframe. In order to rectify this, we need to implement policies that prioritize long-term sustainability and consider the […]
Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels “perfectly safe” about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday. Some companies have expressed concerns about potential risks to business given heightened military threats by China against the democratic island of Taiwan, […]
Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is […]
Rising rents, less venture capital and a shortage of talent are taking the shine off Berlin as a hub for startups. “The one single thing more difficult to find in Berlin than an apartment is a programmer,” said Avitosh Sawhney, 36, who moved his tech startup Ynertia to the German capital from Paris in 2020 […]
Tesla Inc has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory to entice buyers amid economic uncertainty, rising competition and the upcoming redesign of its mainstay model. In California, a Model 3 variant in inventory was priced at $42,060, a […]
JPMorgan Chase & Co will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said on Thursday. The locations account for about a quarter of First Republic’s 84 branches across eight states. The lender, which was the largest to collapse […]
Billionaire Elon Musk was showered with praise during a trip to China this week, with people on social media calling him “a pioneer”, “Brother Ma” and “a global idol” while the CEO of Tesla, Twitter, SpaceX and other companies also met in person with three government ministers. Since landing in Beijing on Tuesday, Musk has […]
Credit Suisse has scrapped plans to set up a locally incorporated bank in China to sidestep a potential regulatory conflict arising from its merger with UBS, said two sources with direct knowledge of the matter. Embattled Credit Suisse had been preparing for years to set up a wholly owned local bank in China. A locally incorporated […]
