Q&A: What is behind Fiat Chrysler’s proposed mega-merger with Peugeot? October 30, 2019 After Fiat Chrysler’s (FCA) deal with Renault fell apart over the summer, chairman John Elkann has wasted no time in finding a new suitor – Peugeot-owner PSA. The two European automakers are in talks over a potential tie-up that could create a £36bn giant, in a move which highlights how urgently car makers are looking [...]
Tesla holds share gains after surprise third quarter profit October 24, 2019 Shares in electric car firm Tesla were up more than 16 per cent today after chief executive Elon Musk delivered his promise that the company would return to profitability in the third quarter. The company’s shares surged 18 per cent in after hours trading last night after the car maker beat analyst expectations and posted [...]
Investors pile into Tesla after topping profit expectations October 23, 2019 Shares in Tesla surged more than 11 per cent in after-hours trading tonight, following a set of buoyant third-quarter results. The car maker posted a profit of $1.86 per share, swinging back to profitability. Analysts had expected a loss of 42 cents per share, according to Refinitiv. Revenue for the three months to the end [...]
What can AI and big data do for finance? October 23, 2019 Larry Cao, CFA, is the author of AI Pioneers in Investment Management from CFA Institute. AlphaGo brought artificial intelligence (AI) out of computer labs and into the living room. From October 2015, when the AlphaGo AI first beat a professional human competitor, to January 2018, several months after it defeated Ke Jie, the top-ranked player in the [...]
Dyson pulls plug on electric car project October 10, 2019 Sir James Dyson has abandoned his £1bn electric vehicle project after deciding the scheme is not commercially viable. Patents for the electric car, which the company hoped would compete with the likes of Tesla, were unveiled earlier this year. Read more: First details of Dyson electric car released At the time Dyson said the car would [...]
Elon Musk offered investigator $10,000 bonus for dirt on diver he had labelled a ‘pedo guy’ October 8, 2019 Tesla chief executive Elon Musk offered a $10,000 (£8,154) bonus for dirt on a British diver he labelled a “pedo guy” after a spat about whether a submarine he offered to rescue a Thai football team stuck in a cave was a publicity stunt. According to a document filed by diver Vern Unsworth’s legal team [...]
Tesla share price falls after it misses deliveries target October 2, 2019 Shares in Tesla fell as much as six per cent in post-close trading after it delivered fewer vehicles than expected in the third quarter. Elon Musk’s firm delivered a record 97,000 vehicles in the quarter, up 1.9 per cent on the previous three months. However, this was below estimates of 97,477. The total consisted of [...]
From sunken sculptures to rusting Soviet planes, Grenada is an island brimming with mystery October 2, 2019 There’s a human silhouette looming out of the depths. The waves above have churned up the sand below, and now the sediment coils above the seabed like a strange mist, like something out of a Stephen King novel. I pop my head above the surface to fill my lungs with as much air as they [...]
Silversands Grenada review: The longest pool in the Caribbean, the most luxurious hotel in Grenada September 30, 2019 The one hundred metre long infinity pool that joins Silversands Grenada’s atrium style lobby to the pristine sands of Grand Anse Beach is the longest in the Caribbean. But that’s not the first clue that this modern hotel is a unique proposition on this historic island. That would be the moment you’re collected from the [...]
Elon Musk claims ‘pedo guy’ insult was not accusation September 17, 2019 Tech billionaire Elon Musk said he did not intend to accuse a British diver of paedophilia by calling him a “pedo guy” on Twitter. The Tesla founder last night sought to dismiss a defamation lawsuit filed by diver Vernon Unsworth, saying the phrase was a “common insult used in South Africa when I was growing [...]