Elon Musk’s SpaceX has begun lining up senior roles at four major Wall Street banks as it races toward a potentially record-breaking initial public offering. As per a Financial Times report, Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are being positioned for lead underwriting roles in what would rank as one of
The World Economic Forum’s 56th annual meeting concluded Friday evening in Davos with a sobering realization that the international order that governed global finance and politics since World War II seems dead. What emerged over those five days is a world fragmenting into competing power blocs, with technological disruption arriving faster than anyone expected. The
The European Union has opened a formal investigation into Elon Musk’s social media platform X over concerns that its Grok artificial intelligence chatbot may have generated deepfake images that “may amount to child sexual abuse material.” The European Commission said the probe will assess whether X complied with its obligations under the bloc’s Digital Services
Tesla stock (NASDAQ: TSLA) eased lower on Monday as investors braced for a make‑or‑break earnings week that will test whether Elon Musk’s big autonomy promises really deliver. The stock traded down roughly 3%, well below its mid‑December peak near $490, even as the S&P 500 and Nasdaq inched higher ahead of a key Federal Reserve
Europe opened the week in a wary holding pattern, with the FTSE 100 flat as industrial and travel names slid on fresh tariff threats and Iran sanctions, even as metal miners rallied to record highs. Trade geopolitics stayed front and centre after India and the EU sealed a long-awaited free trade pact to counter protectionist
Tesla (NASDAQ: TSLA) reports Q4 2025 earnings on January 28, and Wall Street has already bracing for tough numbers. The consensus estimates expect the revenue to fall 3.6% to $24.5 billion, while profit per share could tumble 40% to $0.44, reflecting a 15.6% drop in vehicle deliveries. The numbers look brutal as Tesla’s auto business
Tesla’s brand value fell sharply in 2025, extending a decline that has now run for three consecutive years, according to a new report from Brand Finance. The electric vehicle maker lost an estimated $15.4 billion in brand value last year, a drop of about 36%, reflecting weakening consumer sentiment despite the company’s continued prominence in
Shell and BP are actively pursuing US licenses to begin extracting natural gas from shared fields in Trinidad and Tobago and Venezuela, the Caribbean country’s energy minister Roodal Moonilal announced on Wednesday, according to a Reuters report. As Latin America’s top exporter of liquefied natural gas and a major global supplier of ammonia and methanol,
Amazon.com Inc. said on Wednesday it plans to cut about 16,000 corporate jobs, marking a second major round of layoffs in three months as the company moves to streamline management layers and accelerate the adoption of artificial intelligence across its operations. The latest reductions deepen a restructuring effort that began last year and underscore how
“I was doing Dry January for the trend and health benefits, but now that I have been laid off, I think this is more of a financial necessity,” joked London-based Callum Hill, recently cut by one of the UK’s fintech majors. The line lands lightly, but it captures a deeper shift rippling through labour markets: