Tesla shareholders condemned Elon Musk’s antisemitic behavior, on his own social media platform, X, and other media outlets Thursday. Some investors are publicly saying he should be suspended, according to a Bloomberg report Friday. Apple also took action over Musk’s tweets by pausing ads on X, Axios reported Friday. Did Elon Musk Regret Buying Twitter? … Read more
U.S. Treasury yields fell on Tuesday as key inflation figures showed a surprisingly soft change in prices last month. The 10-year Treasury yield fell nearly 18 basis points to about 4.45%. The 2-year Treasury yield fell more than 19 basis points to under 4.9%. Yields and prices move in opposite directions and one basis point … Read more
Since attaining the premiership in August, Thai Prime Minister Srettha Thavisin has branded himself the nation’s chief “salesman,” traveling around the world to court foreign investments to boost Thailand’s stagnant economy. This week, as global leaders descend on San Francisco for the Asia-Pacific Economic Cooperation (APEC) summit, he’s bringing perhaps his biggest pitch yet to … Read more
An F-15E fighter aircraft can carry seven groups of four StormBreaker bombs. Source: Raytheon As the war between Israel and the Hamas militant group ramped up last month, Kenneth Suna took to his investing-focused TikTok account. Suna began a video asking his more than 200,000 followers “if you’re cool with profiting off war,” before adding … Read more
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023. Joseph Nair | Bloomberg | Getty Images The CEO of blockchain company Ripple has some strong words for the U.S. Securities and Exchange Commission. Brad Garlinghouse told CNBC’s Dan Murphy at the company’s Ripple … Read more
Snaptrude — a startup aiming to compete against traditional platforms in the architecture, engineering and construction (AEC) design sector, including Autodesk, Trimble and Nemetschek — with its modern approach and cloud-based offering, has raised $14 million in a Series A round, just 10 months after announcing its seed funding. With Foundamental and Accel leading the … Read more
There are rankings of the best hotels in the world. But a new list, released by the members-only group LTI – Luxury Travel Intelligence, ranks hotel brands rather than individual properties. The ranking analyzes many hotels within a brand in “granular detail,” using more than 100 “touch points” to evaluate “a brand’s ability to deliver,” … Read more
A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in recent years, raising worries about the tiny nation’s obligation to its biggest creditor — China. China became the largest foreign investor in Laos in late … Read more
It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for Gen Zs, for fraud. Earlier … Read more
California passed a bill earlier this month that requires venture firms operating in the state to report the diversity breakdown of their investments. The news of its passing spread quickly through the startup world, and immediate reactions to it have been split. There are those in favor of the bill, those who support it but … Read more