(Reuters) -Tesla Inc Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion, U.S. securities filings showed on Tuesday. The latest sale brings the total value of Tesla stocks sold by Musk to nearly $20 bln since he disclosed his stake in twitter in April. Musk sold…
By Sheila Dang and Fanny Potkin (Reuters) -Billionaire Elon Musk’s social media platform Twitter will introduce an “Official” label for select verified accounts including major media outlets and governments when it launches its new $8 premium subscription product, its early stage products executive Esther Crawford said on Tuesday. Crawford also confirmed that the revamped Twitter…
By Saqib Iqbal Ahmed, Carolina Mandl and Laura Matthews NEW YORK (Reuters) -Investors are expecting Republican gains in U.S. midterm elections, a result that will likely scale back Democratic spending and regulation but set up a bruising fight over raising the U.S. debt ceiling next year. Republicans are favored to win control of the House…
By Akash Sriram (Reuters) -Shares of Lucid Group Inc fell over 11% on Tuesday after the luxury electric vehicle maker said it had 3,000 fewer reservations in the third quarter amid an uncertain macroeconomic environment and as borrowing costs rise. The company said it had over 34,000 reservations in the quarter, down from 37,000 in…
By Hannah Lang and Tom Wilson WASHINGTON/LONDON (Reuters) -Crypto giant Binance signed a nonbinding agreement on Tuesday to buy FTX’s non-U.S. unit to help cover a “liquidity crunch” at the rival exchange, marking an abrupt change in fortune for the digital currency billionaire and FTX CEO Sam Bankman-Fried. The surprising deal between high-profile rivals Bankman-Fried…
(Reuters) – New Zealand’s Fonterra said on Wednesday it has appointed Neil Beaumont as its chief financial officer, replacing Marc Rivers who resigned earlier this year. The appointment will take effect from early February 2023, the Auckland-based dairy firm added. (Reporting by Roushni Nair in Bengaluru; Editing by Shailesh Kuber)
By Hannah Lang and Tom Wilson WASHINGTON/LONDON (Reuters) -Binance, the world’s largest cryptocurrency exchange, has signed a nonbinding agreement to buy FTX.com, a unit of major rival FTX, to help cover a “liquidity crunch” at the cryptocurrency exchange, Binance CEO Changpeng Zhao said on Tuesday. FTX has come under pressure after Zhao said on Sunday…
(Reuters) – More consumers opted for credit cards and unsecured loans in the third-quarter from a year earlier amid decades-high inflation, according to a report on Tuesday from global credit rating firm TransUnion. While delinquencies for most credit products are treading in line with pre-pandemic levels, they have risen in comparison to levels seen in…
By Liz Hampton (Reuters) – Oil producer Diamondback Energy said the U.S. shale industry will struggle to continue to expand production at the current pace, with costs of new shale wells likely rising. The aging of oil and gas wells, supply chain bottlenecks and investor focus on shareholder returns have led to slowing U.S. oil…
BEIJING (Reuters) -A scaled-down version of China’s biggest air show opened on Tuesday, with some delegates unable to attend because of the country’s zero-COVID policy as virus case numbers there reached their highest level in six months. The organisers of Airshow China in the southern city of Zhuhai last week told attendees they must arrive…
