Amazon hits a trillion-dollar valuation September 4, 2018 Amazon has become the second ever US publicly-listed company to hit a $1 trillion market valuation. Amazon shares briefly passed over the $2,050.27 mark needed to break the milestone earlier this afternoon, before dropping back down to $2,035.56. It crossed the $2,000 per share threshold last Thursday, amid doubts from Wall Street that placed it [...]
Mercedes-Benz to unveil its first Tesla-challenger electric SUV September 3, 2018 Mercedes-Benz is set to lift the hood on its first electric vehicle tomorrow, debuting its EQC electric SUV to challenge Tesla's hold on the luxury battery-powered market. Early publicity efforts from Mercedes have largely echoed a Tesla-style approach in order to appeal to its young and trendy demographic, releasing a series of teasers for the new [...]
Blackrock and Metro Bank on shortlist for new responsible business award September 3, 2018 The City of London Corporation has revealed the businesses shortlisted for the Lord Mayor’s Business of Trust Champion Award, a prize aimed at celebrating companies with are championing responsible business practices. Asset manager Blackrock and high-street bank Metro Bank are among the six companies on the shortlist, which includes SMEs and large corporate firms across [...]
The media’s greatest enemy isn’t Trump, it’s the tech titans September 3, 2018 What is the biggest threat to the future of the media: President Donald Trump, or Silicon Valley? In the presidential corner, Trump’s regular attacks on the “fake news media” have provoked a robust response. This summer, newspapers coordinated a string of editorials defending the essential role of the press as a lens on power and [...]
Amazon poised for trillion-dollar valuation despite stock shorts September 2, 2018 Amazon is set to become the second US publicly-listed company to reach a $1 trillion (£771.2bn) market capitalisation this week, despite it overtaking Tesla as the most shorted stock on Wall Street. The e-commerce giant broke past the $2,000 per share milestone on Thursday evening, holding investors in suspense. Fellow tech giant Apple became the first [...]
Apple reaches a new self-driving car milestone in its first road accident September 2, 2018 A test vehicle from Apple's self-driving car programme was involved in a road accident near its Silicon Valley headquarters last month, making Apple the latest tech giant to join a recent spate of autonomous driving incidents. One of Apple's Lexus RX 450h self-driving vehicles was preparing to join a motorway in Sunnyvale on 24 August when it [...]
Blackrock voted to remove Elon Musk as Tesla chairman August 31, 2018 Blackrock-managed funds voted in favour of replacing Tesla's billionaire founder Elon Musk with an independent chairman, it revealed yesterday. Funds run by the New-York based firm backed a shareholder proposal to oust Musk as chairman, its filing with the US Securities and Exchange Commission showed. More than 86m shares voted against the failed motion, which would not [...]
Amazon strides past $2,000 a share in trillion-dollar race August 30, 2018 E-commerce behemoth Amazon has broken past the $2,000 (£1,538) per share mark, putting the online retailer well on its way to hitting a $1 trillion market valuation. Shares in Amazon reached an all-time high of $2,010 just an hour after markets opened in the US, powering the firm past the $980bn market capitalisation milestone. Amazon made [...]
The British diver accused of being a paedophile by Elon Musk is preparing to sue him for libel August 29, 2018 Vernon Unsworth, the British diver accused of being a paedophile by Tesla boss Elon Musk, is said to be "preparing a civil complaint for libel" through his legal counsel. A letter from Unsworth's lawyer L. Lin Wood, dated to 6 August and seen by Buzzfeed News, provided grounds for a possible lawsuit against Musk for [...]
Elon Musk launches fresh attack on British diver over ‘pedo’ comment August 29, 2018 Tesla chief executive Elon Musk has revisited his earlier controversial comments in which he called a British diver helping out in a rescue effort for a group of young Thai footballers a paedophile. In the midst of a Twitter spat last night regarding his interview with the New York Times at the beginning of this month, [...]