Tesla’s market value tumbles below $1tn after Musk’s offloading November 15, 2021 Tesla’s market value has fallen below $1tn for the second time in four sessions, after investors reacted to chief executive Elon Musk’s offloading $6.9bn worth of shares. Following a $187bn loss in market value over the last week, the company dropped below $995.75, losing its $1tn status. Tesla’s shares bottomed to $983.25 this morning – [...]
JP Morgan: Hong Kong Covid measures create tough hiring climate, says Dimon November 15, 2021 Hong Kong’s strict Covid-19 pandemic restrictions have reportedly created a tough hiring environment for JP Morgan, boss Jamie Dimon said. The city state has some of the world’s most stringent emergency pandemic measures, with inbound travellers having to quarantine in hotels for as long as three weeks form some countries. Dimon said earlier today that [...]
Voters shifting away: Tory sleaze row starting to hurt Conservatives in the polls November 13, 2021 Two-thirds of voters now consider the governing party “very sleazy” amid a flurry of negative headlines, as voters are shifting away from the Tories, according to new polling. A poll by Savanta ComRes for the Daily Mail puts Labour six points ahead of the Conservatives in a sign that recent revelations about MPs’ second jobs [...]
Stop him now: Tesla shares go down as CEO offloads another $700m November 12, 2021 Tesla’s shares have gone down from $1,069 in premarket trading to a $1,047.50 opening price, after chief executive Elon Musk offloaded a further $700m worth of stocks. Early in the week, Musk had sold $5bn of his shares as a result of a poll held last week where the extravagant billionaire asked his 63.4 million [...]
Vice fashion editor suspended after sexual misconduct claims November 11, 2021 An editor at one of the UK’s biggest fashion magazines has been suspended after more than a dozen women accused him of sending sexually inappropriate messages.
Tesla shares go up after Musk’s Twitter-induced $5bn offload November 11, 2021 Tesla shares have gone up as chief executive Elon Musk sold $5bn of his stocks following a Twitter poll. The car maker’s shares have increased by 3.3 per cent to $1,103.40, recovering from a slump suffered earlier this week, when they closed 5 per cent lower on Monday compared to the previous Friday. Market shares [...]
Shares in Sorrell’s S4 Capital slump despite revenue growth November 10, 2021 Revenues boom for Sir Martin Sorrell’s digital advertising company, S4 Capital, which today said it plans to double in size by 2024.
London energy fund backs pay-per-mile EV taxi funding November 8, 2021 The Mayor of London’s energy efficiency fund (MEEF) has contracted FinTech company Zeti to deliver pay-per-mile funding of net-zero taxis across the capital. MEEF – a £500m investment fund – will make finance payments on a per-mile basis to boost the cash flow of fleet operators. The funding will have as its first beneficiary Colt [...]
Twitter has spoken: Tesla shares fall as Musk abides by poll November 8, 2021 Tesla’s Frankfurt-listed shares have gone down 9 per cent after Elon Musk decided to sell 10 per cent of his quota following a Twitter poll. On Saturday, the chief executive – who is in the race to become the world’s first trillionaire – launched a Twitter poll asking users whether he should sell a consistent [...]
From Patterson row to peerages for donors: Boris Johnson increasingly under pressure over Tory sleaze November 8, 2021 Calls for a public inquiry into allegations of Tory sleaze are growing this morning as MPs consider how to clean up Westminster following the Owen Paterson row. The Commons will spend three hours hearing an emergency debate on the situation, despite ministers seeking to dismiss the row as a “storm in a teacup”. The Liberal [...]
