Musk will need to lean on these deputies as Tesla brings two new factories to full production, and tries to fulfill elusive goals in service and self-driving.Story Published at: September 23, 2022 at 08:04PM
Elon Musk has more than 20 direct reports at Tesla — here’s who they are
Inside the $250 million penthouse on ‘Billionaires’ Row’
The penthouse in the world’s tallest residential building is listed for $250 million, marking a major test of the ultra-luxury real estate market.Story Published at: September 23, 2022 at 06:51PM
Hedge funds ramp up market bets as volatility brings the asset class back into favor
Hedge funds’ total gross trading flow had the largest notional increase since 2017 last week heading into the Fed’s rate decision, according to Goldman’s data.Story Published at: September 23, 2022 at 06:13PM
Celsius has a Hail Mary bankruptcy plan: Turn its debt into a new cryptocurrency
In the leaked audio, Celsius’ leadership says that employees’ funds will be subject to the same rules and timeline as customer assets.Story Published at: September 23, 2022 at 06:12PM
From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets
Stocks fell sharply and bond yields rose around the world in volatile trading Friday, as global markets braced for higher interest rates and recession.Story Published at: September 23, 2022 at 05:14PM
Debt-loaded cruise lines’ shares fall as Fed hikes rate and recession fears grow
Holding billions in debt, cruise companies like Carnival and Royal Caribbean felt the pain of the Federal Reserve’s rate hikes Wednesday. Story Published at: September 23, 2022 at 05:21PM
Citi says sterling-dollar parity is possible as UK risks currency crisis
The U.K. risks a currency crisis that could see sterling reach parity with the dollar, according to analysts at Citi.Story Published at: September 23, 2022 at 04:22PM
Google CEO Pichai tells employees not to ‘equate fun with money’ in heated all-hands meeting
Google CEO Sundar Pichai expressed some annoyance at this week’s all-hands meeting as he sought to clarify and defend cost cuts and address employee concerns.Story Published at: September 23, 2022 at 02:14PM
British pound plunges below $1.11 after new government announces economic reforms
The embattled British pound fell 1.6% Friday against the dollar, after the new U.K. government announced a radical economic plan in a bid to boost growth.Story Published at: September 23, 2022 at 11:49AM
UK government dishes out extensive tax cuts as country braces for recession
The new U.K. government announced a sweeping program of tax cuts and investment incentives Friday.Story Published at: September 23, 2022 at 10:01AM