‘Magnificent Seven’ sell-off ahead of big week for big tech April 22, 2024 Big tech share prices have been dented by a sector-wide sell-off of risky assets ahead of four "Big six" firms reporting Q1 results.
Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.
Musk to cut 14,000 jobs at Tesla, saying ‘it must be done’ April 15, 2024 Tesla boss Elon Musk said: “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry."
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Tesla misses delivery targets by over 60,000 cars as growth grinds to a halt April 2, 2024 Tesla missed the consensus Wall Street estimate of 449,080 deliveries by more than 62,000, its largest margin to date.
Tesla shares: How Musk made history with the biggest loss of personal wealth ever recorded January 12, 2023 The ongoing woes at social media microblogging site Twitter have impacted hugely on the wealth of its owner, the world’s richest person Elon Musk. Musk lost an estimated £135bn between November 2021 and December 2022, according to Guinness World Records. This means he holds the record for the largest ever loss of a personal fortune. [...]
What Elon Musk did next: Tech entrepreneur promises 2023 won’t be ‘boring’ January 2, 2023 Elon Musk tweeted that 2023 would not be boring. He followed this up by hinting at a release of the “Fauci Files” later this week. Musk has been critical of Dr. Anthony Fauci, who stepped down as the White House chief medical advisor at the end of 2022. In December, he had made a tweet [...]
Elon Musk’s year in Tweets: Ukraine, buying Twitter, Trump, Bitcoin and blue ticks December 21, 2022 Elon Musk’s time as Twitter CEO has been controversial. Even before his purchase of the social media platform, the business magnate and investor was an avid Twitter user. After a turbulent year online – and off – we have done the painstaking task of trawling through the Tesla billionaire’s feed, for high (and low) points [...]
Tesla stock swings as Musk misbehaves December 20, 2022 Stock prices for Tesla have been unstable as CEO Elon Musk continues his streak of chaos on Twitter. Investors in Tesla have been critical of Musk’s new role in Twitter. His policies on the social media platform will backfire on the car brand, they claim. ““Customers don’t want their cars to be controversial. They want [...]