Tag Archives: business news

Tesla CEO Elon Musk Starts First Semi Truck Deliveries

Tesla CEO Elon Musk begins deliveries of the company’s heavy truck, the Semi, to the Gigafactory in Sparks, Nevada. Tesla Inc. tesla CEO Elon Musk kicked off deliveries of the company’s first production semi trucks on Thursday, speaking onstage at the company’s Sparks, Nevada, plant with Dan Priestly, senior manager of semi truck engineering. As… Read More »

Owner of large Las Vegas property to take full ownership of two casinos

The biggest real estate owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grande Las Vegas and Mandalay Bay, which the deal values ​​at $5.5 billion. VICI Properties, a New York-based real estate investment trust, has agreed to buy Blackstone’s 49.9% stake in the two Las Vegas casino… Read More »

South African President Ramaphosa faces threat of impeachment over ‘Farmgate’ scandal

President Cyril Ramaphosa during a pre-World Economic Forum breakfast briefing on January 18, 2018 in Johannesburg, South Africa. Moeletsi Mabe| Sunday Times | Rooster Pictures | Getty Images South African President Cyril Ramaphosa could face impeachment after an independent panel found he may have violated anti-corruption law while investigating a theft on his farm. In… Read More »

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell comment on smaller increases Loss of $245m FTX from Temasek ‘done reputational damage’ to Singapore, says Deputy Prime Minister Singapore’s Deputy Prime Minister Lawrence Wong said the state’s sovereign wealth fund’s loss of $275 million in failed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state.… Read More »

Wall Street Bullish on 3 Club Stocks on Wednesday

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were the subject of Wall Street’s survey on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our opinion. Apple Analyst Commentary: Baird lowered his estimate for Apple’s fiscal first-quarter iPhone manufacturing by 8 million units, citing persistent challenges at an assembly plant… Read More »

Vikram S Kirloskar, vice president of Toyota Kirloskar, dies of heart attack

Vikram S Kirloskar, vice president of Toyota Kirloskar, dies Last respects can be paid to him at the Hebbal Crematorium in Bengaluru at 1pm on Wednesday. PTI, November 30, 2022, 7:55 am Updated: November 30, 2022, 9:03 am Toyota Kirloskar Motor Vice President Vikram S Kirloskar has died of a heart attack, the automaker said… Read More »

Euro zone inflation rate drops to 10% in November as energy prices slow

Markets are tracking the latest eurozone inflation data ahead of a new ECB meeting. Julien De Rosa | Afp | Getty Images Euro zone inflation eased slightly in November, according to preliminary data released on Wednesday, with prices coming off record highs and below analysts’ expectations. Consumer prices have been skyrocketing across the 19-member region… Read More »

China factory activity data does not meet expectations; Asia-Pacific markets on the rise

China’s factory activity falls below expectations and contracts for second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who had forecast a reading of 49. The PMI for October was… Read More »