The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had an accumulated an active stake in Twitter, a secrecy that allowed him to buy shares at “artificially low prices.” Musk, who is also CEO of Tesla and SpaceX, purchased Twitter for…
A slump in Chinese consumer confidence is holding Sanlam investments’ Hannah Gooch-Peters back from buying luxury stocks like LVMH. Speaking to CNBC’s Silvia Amaro, the portfolio manager said she would need a “larger margin of safety” before investing in the world’s largest luxury group. “A lot of these European companies were really deriving their growth…
Watch: Watch key moments from Pete Hegseth’s confirmation hearing Pete Hegseth, Donald Trump’s pick for defence secretary, cleared his first hurdle on the way to confirmation: a long – and at times tense – hearing before the Senate’s Armed Services Committee. For more than four hours on Tuesday, Hegseth faced questions about his ability to…
President Joe Biden is to remove the US designation of Cuba as a state sponsor of terrorism as part of a prisoner release deal, the White House has said. President-elect Donald Trump reinstated the designation in the final days of his first presidency in 2021, banning US economic aid and arms exports to the country….
Bayo Ogunlesi, Chairman, Global Infrastructure Partners listens as US President Donald Trump speaks during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building on April 11, 2017 in Washington, DC. Pool | Getty Images OpenAI said Tuesday that Adebayo Ogunlesi, a senior managing director at BlackRock,…
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images Tesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos will attend President-elect Donald Trump’s inauguration, NBC News reported Tuesday. They will be seated on the platform near Cabinet…
Jonathan Raa | Nurphoto | Getty Images Bitcoin bounced on Tuesday, rising with other risk assets as traders digested a light inflation reading. On Tuesday the price of the flagship cryptocurrency rose 4% to $96,781.15, according to Coin Metrics, after sliding below the $90,000 support level to start the week. The broader crypto market, as…
Reuters Almost all Gaza’s population has been displaced by the war Israel and Hamas are thought to be close to agreeing a deal which could halt the war in Gaza and see the release of Israeli hostages and Palestinian prisoners. It would be the most dramatic breakthrough in 15 months of war, which began when…
At least 100,000 scores by the pioneering 20th century Austrian-American composer Arnold Schoenberg have been destroyed in the Los Angeles wildfires. The sheet music was kept at his family’s music production company – which burnt down in the Pacific Palisades neighbourhood last week. While no original manuscripts were lost, the music owned by Belmont Music…
At least 120 people are reported to have been killed in random shelling on Monday in the Dar-Salam area of the Sudanese city of Omdurman, across the Nile from the capital, Khartoum, according to a local volunteer network. The Ombada Emergency Response Room said the death toll was provisional, suggesting that the number of victims…
