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Even the perma-bull crowd of analysts covering Tesla warned of sorely disappointing results in Q1, a view signaled by the poor deliveries for the quarter reported in early April. But the numbers released after the market close on April 22 were much, much worse than expected. Automotive sales tumbled 20% over the same period last … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US has launched national security probes that could lead to tariffs on chips and pharmaceutical goods, paving the way for a potential sharp escalation of the trade war. President Donald Trump has … Read more
China’s government said the US decision to exempt certain consumer electronics from its so-called reciprocal tariffs is a small step toward rectifying its wrongdoings and urged Washington to do more to revoke the levies. President Donald Trump’s administration excluded smartphones, computers and other electronics from the increased import duties on Friday, narrowing the scope of … Read more
Dropbox’s chief customer officer, Eric Cox, plans to step down, according to a document filed with the SEC on Friday. Cox will remain in his current role for “a period of time” to help with the transition, per the filing, and then will continue as a “non-executive” employee through mid-August. Dropbox didn’t immediately respond to … Read more
World Economic Forum founder Klaus Schwab is reportedly preparing to step down from his role as chairman. Here’s a look at how Schwab’s outlook on crypto influenced the wider global economy. According to a recent Financial Times report, Schwab has begun the process of stepping down from his role as chairman of the WEF board … Read more
SpaceX is having trouble with Starship’s upper stage after back-to-back failures, but engineers are making remarkable progress with the rocket’s enormous booster. The most visible sign of SpaceX making headway with Starship’s first stage—called Super Heavy—came at 9:40 am local time (10:40 am EDT; 14:40 UTC) Thursday at the company’s Starbase launch site in South … Read more
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. “Having fundamentally … Read more
We’ve seen boomerang CEOs and bosses shift to board roles. But in Jerome Lambert’s case, moving on looked more like a return to his roots as he went from leading sprawling watch major Richemont to overseeing a single brand under the Swiss company. Lambert spent nearly six years as group CEO at the watchmaking giant … Read more
One of Tesla’ biggest champions has doubled down on his wake-up call to Elon Musk, calling on the CEO to return to the helm of the limping EV-maker. Dan Ives, managing director at Wedbush Securities and a longtime Tesla mega-bull, continued his warnings to Musk from last week, saying in a Wednesday note that the … Read more
Key Takeaways After securing a DTCC listing in February, Volatility Shares’ Solana futures ETFs start trading tomorrow. Bloomberg analysts estimate a 75% chance of spot Solana ETFs approval this year. Share this article Volatility Shares is launching the first-ever ETFs tracking Solana futures tomorrow, marking a key milestone that could pave the way for a … Read more
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