Musk’s $trillion pay package is impossible to justify Opinion The Notebook, where the City’s movers and shakers have their say. Today it’s investment analyst Susannah Streeter with the pen Radio phone-ins, social media feeds and TV news programmes have all been taken over by talk of Elon Musk’s trillion-dollar deal. I was woken super early by one producer and the phone barely stopped ringing, [...]
Tech stocks fall again as AI bubble fears mount Tech Tech stocks fell again on Friday, extending a difficult week for the sector as investors fretted over soaring valuations and a possible AI bubble. Leading names including Nvidia, Palantir, Meta, AMD, and Tesla all suffered losses, erasing gains from earlier in the year and intensifying concerns about whether AI-driven growth can justify current market prices. [...]
FTSE 100 Live: Next sales jump; GSK profit upgrade Markets Good morning from the City AM liveblog team. If there are fears about an AI bubble, no one’s telling the folk over on Wall Street. Yesterday both Apple and Microsoft saw their stocks jump, making them both $4tn companies, joining an exclusive club of which chipmaker Nvidia is the only other member. This was the [...]
Apple and Microsoft to join Nvidia in $4tn club amid AI market boom October 28, 2025 Apple and Microsoft are each within touching distance of a $4tn (£3.01tn) market valuation, setting the stage for a big week of earnings on Wall Street as investor confidence in AI continues to propel Big Tech stocks to new heights. Both tech heavyweights’ shares rose on Monday, leaving them less than two per cent away [...]
Waymo founder: ‘I never envisioned a London rollout’ October 22, 2025 As Waymo prepares for its UK launch, founder Sebastian Thrun admitted he “never envisioned” London being home to autonomous cars. The driverless taxis have taken the US by storm, and the company will soon enter Europe, hitting the streets of the capital before the end of the year. The company, owned by Google parent Alphabet, [...]
Tories slam Bank of England for ‘outrageous’ internship scheme October 22, 2025 The Bank of England is facing criticism over an internship scheme open only to candidates of “black or mixed black heritage”, with Tory frontbenchers labelling the approach “outrageous.” The Bank has drawn the attention of senior MPs as well as Tesla owner Elon Musk for advertising a position that pays £96.15 per day over eight [...]
Rolls-Royce Corniche Shooting Brake review: Estate of the art October 21, 2025 Niels van Roij looks every inch the English gentleman. The Dutch-born designer is wearing an immaculately cut tweed suit with leather-lined pockets, topped off with a green woolen tie. Only later do I realise that identical fabrics were used to trim the Rolls-Royce waiting outside. “I have a suit created to celebrate each car, using [...]
Rolls-Royce Corniche Shooting Brake review: Estate of the art October 9, 2025 Niels van Roij looks every inch the English gentleman. The Dutch-born designer is wearing an immaculately cut tweed suit with leather-lined pockets, topped off with a green woolen tie. Only later do I realise that identical fabrics were used to trim the Rolls-Royce waiting outside. “I have a suit created to celebrate each car, using [...]
Musk’s ‘affordable’ Tesla model still packs a punchy price October 8, 2025 Tesla has unveiled cheaper versions of its Model 3 and Model Y electric vehicles, but with starting prices still hovering near $40,000 (£29,820) investors and analysts say the cars fall short of chief executive Elon Musk’s promise of a truly mass-market EV. The new Model 3 Standard starts at $36,990, while the Model Y Standard [...]
Tesla to unveil lower-cost Model Y to revive sales momentum October 6, 2025 Tesla is expected to unveil a long-awaited, lower-cost version of its Model Y SUV this week, as the American electric car giant looks to reignite demand amid slowing global sales and rising competition from Chinese rivals. The new variant, widely referred to as the Model Y Standard, has been spotted testing near Tesla’s gigafactory in Texas and [...]