Elon Musk’s vow to not sell more Tesla stock fails to calm investors

Elon Musk’s vow to not sell more Tesla stock fails to calm investors

Dec 23 (Reuters) – Tesla Inc shares (TSLA.O) hit a fresh two-year low in volatile trading on Friday as top boss Elon Musk’s promise to not sell his shares in the electric-car company for at least two years did little to reassure investors. Musk has offloaded shares worth $40 billion in the world’s most valuable … Read more

Elon Musk says he will not sell more Tesla stock for about two years

Elon Musk says he will not sell more Tesla stock for about two years

Dec 22 (Reuters) – Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a “serious recession” in 2023 and demand for big-ticket items will be … Read more

Rouble tumbles to near eight-month low vs dollar

Rouble tumbles to near eight-month low vs dollar

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 22 (Reuters) – The rouble slumped to its weakest since late April past 72 against the dollar on Thursday as fears over the impact of sanctions on Russian oil and gas took the currency’s losses this … Read more

Foxconn unit to sell stake in Chinese chip firm Unigroup

Foxconn unit to sell stake in Chinese chip firm Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to … Read more

Musk cashes out another $3.6 bln in Tesla stock

Musk cashes out another $3.6 bln in Tesla stock

Sale brings Musk’s total selling to almost $40 bln Tesla stock marks lowest close in two years Investors frustrated at Musk’s selling and focus on Twitter Dec 15 (Reuters) – Tesla (TLSA.O) boss Elon Musk disclosed another $3.6 billion in stock sales on Wednesday, taking his total near $40 billion this year and frustrating investors … Read more

Microsoft to buy 4% stake in London Stock Exchange

Microsoft to buy 4% stake in London Stock Exchange

Dec 12 (Reuters) – Microsoft (MSFT.O) is to take a 4% equity stake in London Stock Exchange Group (LSEG.L) as part of a 10-year commercial deal to migrate the exchange operator’s data platform into the cloud, the British company said on Monday. It is the latest sign of deepening ties between financial services providers and … Read more

STK launches third London steakhouse in Stratford

STK launches third London steakhouse in Stratford

Located on the 18th floor of The Gantry, it will mark STK’s second London opening in partnership with Hilton’s Curio Collection in as many years, the group having launched STK Westminster within The Westminster London hotel in the summer of 2021. “We’re excited to partner with The Gantry London, Curio Collection by Hilton to bring our elevated American … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Japan’s SoftBank books first-half net loss on sliding tech valuations

Japan’s SoftBank books first-half net loss on sliding tech valuations

TOKYO, Nov 11 (Reuters) – SoftBank Group Corp (9984.T) on Friday booked a first-half net loss, hurt by a slide in its tech portfolio. The Japanese tech group booked a net loss of 129.1 billion yen ($912.69 million) in the six months to end-September, compared to a net profit of 363.57 billion yen a year … Read more

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Musk sells Tesla shares worth $3.95 bln days after Twitter takeover

Nov 8 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to U.S. securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk, the world’s richest man, had about $20 billion in cash after … Read more