Elon Musk’s Tesla beats expectations on record deliveries April 26, 2021 Tesla has reported a record quarterly profit, beating Wall Street estimates after a huge rise in deliveries in the three months to March. Total revenue soared 74 per cent year-on-year to $10.39bn in the first quarter, generating a $438m net profit. Tesla said this was primarily achieved through “substantial growth” in vehicle deliveries. The auto [...]
FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]
John McAfee on life in prison… and the price of Dogecoin April 26, 2021 Speaking from behind bars in a Spanish jail, computer legend John McAfee says he’s stunned by the price of Dogecoin.
EV: Honda pledges to have a 100 per cent electric fleet by 2040 April 23, 2021 The new CEO of Honda has confirmed today its goal to make electric vehicles (EVs) and fuel cell vehicles (FCVs) count for 100 per cent of all sales by 2040. Chief executive Toshihiro Mibe, who joined the carmaker at the beginning of April, said the company will invest $46.3bn, or five trillion yen, in supporting [...]
Why the going is about to get tougher for investing in climate change April 23, 2021 2020 was an extraordinary year for climate change action. Public opinion, governments, businesses and financial markets all had major shifts in their appreciation of the urgent need to address the climate crisis. More investment, research and development, and international collaboration will now come together to enable a faster transition to a net zero economy. While [...]
FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
Bitcoin gets seal of approval as Baillie Gifford ploughs $100m into London crypto firm April 21, 2021 One of the UK’s most well-know asset management firms has invested a hundred million dollars into UK-based cryptocurrency company Blockchain.com.
Coinbase’s Nasdaq debut powers retail crypto trading frenzy April 20, 2021 A look back over the crypto week suggests Coinbase's Nasdaq bow created plenty of waves.
Markets: Wall Street slips from record levels April 19, 2021 Major U.S. stock indexes fell from record levels on Monday as investors sought cues from first-quarter earnings reports to justify the rich valuation of equities. Tesla was the biggest drag on the S&P 500 and the Nasdaq, with the electric-car maker down three per cent after a Tesla vehicle, which was believed to be operating [...]
Tesla share price slides following fatal car crash April 19, 2021 Two people have died after a crash involving a Tesla in Texas, with authorities saying there was no-one in the driver’s seat. A Harris County constable told television stations in Houston that there was a person in the front passenger seat and another in a rear passenger seat after the crash in the Houston suburb [...]