Elon Musk Loses $30 Billion As Tesla Sinks
Following the weak economic outlook Elon Musk presented in the company’s recent earnings call, and as Tesla shares have begun falling hard, the CEO’s net worth has endured a $30…
Iraqi Prime Minister Warns Of Threat To Global Oil Supplies If Israeli Conflict Spreads
Speaking at an international summit on Saturday, Iraqi Prime Minister Mohammed Shia al-Sudani warned there were serious risks which could emerge, were the conflict between Israel and Hamas to spread…
Roche To Acquire Televant And RVT-3101 Antibody Rights
On Monday, Roche announced it would be buying Televant, a biotechnology firm which has developed a new treatment for inflammatory bowel diseases. The firm will be sold for an initial…
Middle East Worries Drive Nikkei Below 31,000 Psychological Barrier
The Nikkei average fell below the psychologically important 31,000 level Monday, as Middle East events kept investors on edge, and a volatility gauge was driven to a one-year high. The…
Global Industry Must Invest $7 Trillion In Gas Infrastructure To Avoid Shortages
Bloomberg is reporting that global industry will need to invest $7 trillion in infrastructure to supply natural gas to the global market to avoid supply crises through 2050, according to…
US Government Could Soon Be Paying More In Interest Than On Defense
In a new research note, Capital Group finds that as the US national debt continues to grow, the US government is now approaching a point where it will be paying…
China Raids Foxconn Offices In Tax Probe
Chinese state media is reporting that Chinese tax authorities recently executed searches of the facilities of Foxconn, a supplier most well known for its manufacture of iPhones, and a member…
China Central Bank Head Pledges To Sustain Economic Recovery
In a report released on Saturday, People’s Bank of China Governor Pan Gongsheng said the Chinese government plans to promote a sustained economic recovery by investing in measures to increase…
Disney Releases Data On The Performance Of ESPN
Disney (DIS) has released the official data on the performance of its sports segment, including the revenue and operating income generated by its flagship sports network ESPN. In a new…
Russia Has Almost Completed De-Dollarization In Trade With China
On Friday, Russian Economic Development Minister Maksim Reshetnikov said the Russia has seen the share of ruble and yuan settlements in Russia’s foreign trade surge to almost 70% as Moscow…
