Category: Business

Twitter Inc (TWTR.N)needs to give Elon Musk documents from a former Twitter executive who Musk said was a key figure in calculating the amount of fake accounts on the platform, according to a Monday court order. Bot and spam accounts on Twitter have become a central issue in the legal fight over whether Musk, who […]

Faraday Future Intelligent Electric Inc (FFIE.O) said on Monday that the electric-vehicle startup will raise up to $600 million in funding as it looks to deliver its FF 91 luxury car later this year. The company will get an initial $52 million of funds as part of a new financing facility. Its cash balance was […]

U.S. stocks rose on Monday with megacap growth shares, extending the market’s recent rally amid investor optimism the Federal Reserve can achieve a soft landing for the economy. Shares of Apple Inc (AAPL.O) climbed 0.6%, while Microsoft Corp (MSFT.O) rose 0.5% and Tesla Inc (TSLA.O) jumped 3.1%. Those stocks gave the S&P 500 and Nasdaq […]

Venezuela’s inflation slowed to 7.5% month-over-month in July, from 11.4% recorded in June, according to data released on Monday by the country’s central bank. Inflation in June caused worry when it topped double digits after nine months under that threshold, prompting President Nicolas Maduro’s administration to implement policies to curb rising prices. The government’s strategy […]

A recovery in global business travel spending to pre-pandemic levels is likely to be delayed by 18 months to 2026 because of factors like persistent inflation, high energy prices, labour shortages and lockdowns in China, a new industry forecast shows. The Global Business Travel Association (GBTA) said business travel spending rebounded by 5.5% to $697 […]

When Hwang Kwang-jo’s factory in Seoul faced a staffing crunch earlier this year after the departure of Nepalese workers and younger locals, he hired a 61-year-old to pick up some of the work. While the job, which involves handling heavy alloy bars, is less than ideal for workers close to retirement, the pandemic has diminished […]

Berkshire Hathaway Inc (BRKa.N), run by billionaire Warren Buffett, has tripled its stake in online banking company Ally Financial Inc (ALLY.N) and increased its bet that “Call of Duty” video game maker Activision Blizzard Inc (ATVI.O) will be acquired by Microsoft Corp (MSFT.O). In a Monday regulatory filing describing its U.S.-listed equity investments as of […]