The S&P 500 and Nasdaq hit fresh 2023 highs on Friday earlier than paring some profits, as a soar in Tesla and technology stocks outweighed jitters across the Federal Reserve’s policy final results and inflation records subsequent week. Tesla Inc shares (TSLA.O) climbed 4.Nine% and were set for their longest triumphing streak on account that […]
Stephanie Cohen, the pinnacle of Goldman Sachs Group Inc’s (GS.N) fintech unit referred to as Platform Solutions, is taking a depart of absence for own family motives, she said in a memo to workforce seen with the aid of Reuters. “The beyond year has introduced a few challenges for my circle of relatives,” Cohen stated […]
Tesla (TSLA.O) jumped nearly 7% on Friday after General Motors (GM.N) joined Ford (F.N) in agreeing to use its electric powered-car charging network, a huge win that analysts said ought to make Tesla Superchargers an enterprise standard within the United States. The rare partnership among three of the biggest U.S. Automakers ensures that more than […]
JPMorgan ( JPM.N ) and Morgan Stanley ( MS.N ) are reviewing their prime brokerage relationships with Odey Asset Management after the Financial Times and Tortoise Media reported on Thursday that Crispin Odey was sexually harassed, sources familiar with the matter said. The FT reported that 13 women claimed Odey sexually assaulted or harassed them […]
Taiwanese computer maker Acer ( 2353.TW ) shipped at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to Reuters customs records, after it said it will suspend business there.While not illegal, Acer’s actions contrast with those of major Western rivals such as Dell ( DELL.N […]
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 […]
