Wall Street: US stocks plunge on fears that interest rates will stay high September 22, 2023 Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year. The S&P 500 lost 1.6 per cent for its worst day since March. That followed a drop of 0.9 per cent from Wednesday after the Federal Reserve indicated it may cut [...]
Sunak’s hands off approach won’t make electric vehicles more affordable in 2035 September 22, 2023 The auto industry want to make the prohibitively expensive Tesla the outlier, they’re now doing it without the backing of government.
Musk says paywall could rid X of bots but will it work? September 19, 2023 Elon Musk has hinted at the possibility of building a paywall for all users of X, formerly known as Twitter, in order to combat “vast armies of bots” clogging up the social media platform. During a live stream on X with Israel’s Prime Minister Benjamin Netanyahu, billionaire Musk said the only way to stop the [...]
Elon Musk’s ambition for the future of digital payments September 16, 2023 Jonny Fry takes a look through what he believes are Elon Musk's plans for 'X' and digital assets - game-changer, or a new game altogether?
Elon Musk: Taiwan slams Tesla owner after another geopolitical gaffe September 14, 2023 Elon Musk, who has significant operations in China, had said that Taiwan was seen as "an integral part of China"
BMW boss warns EU combustion engine ban will fuel China price war September 4, 2023 The chief executive of BMW has warned EU plans to ban combustion engine vehicles are forcing European carmakers into a price war with Chinese competitors.
Elon Musk’s Tesla under investigation over ‘rosy’ vehicle distance claims August 31, 2023 Federal prosecutors are looking into Tesla performance claims after suggestions the electric carmaker exaggerated the potential driving distance of its vehicles, the Wall Street Journal reported on Wednesday. Reuters reported in July that Tesla cars often fail to achieve their advertised range estimates and projections reported by the cars’ own equipment, citing experts who tested or studied [...]
The Notebook: Rupak Ghose on the FTSE’s struggles, Goldman Sachs morale and the ludicrousness of LinkedIn ‘extreme CEO’ routines August 30, 2023 The fintech advisor on reinvigorating the stock market, fintech's payments problem and why nobody actually gets up at 4am to meditate
Twitter owner Elon Musk to be invited to government investment summit August 22, 2023 Twitter owner Elon Musk is among top business leaders expected to be invited to Rishi Sunak’s global investment summit this autumn. Tesla boss Musk – who recently bought and renamed Twitter as X – is among figures including Amazon founder Jeff Bezos who officials are keen to see attend the summit, according to Sky News. [...]
Another Musk mess: X goes down after ‘delay’ trial on loading news and Insta links August 16, 2023 Elon Musk’s X, previously known as Twitter, caused a brief disruption in the loading of links leading to some news outlets and social media rivals. Users attempting to access content from an affected source through X experienced a delay of five seconds, according to tests run by The Washington Post and, later, Reuters. Links to [...]