Elon Musk cashed in on his Tesla stock holdings earlier this week, selling 7.9 million shares worth approximately $6.9 billion. This is the second time this year that the CEO of the electric car maker offloaded Tesla stock. He previously sold 9.6 million shares back in April and got...
Chinese restaurant chain and Italian coffee maker Lavazza are looking to open 1,000 Lavazza cafés in China by 2025, the companies revealed on Thursday. The two groups, which entered into a strategic partnership in 2020, will sink approximately $200 million into this effort as a means of fueling future...
Kathy Matsui, the former vice-chair of Goldman Sachs Japan, has launched MPower Partners Fund, a venture capital fund aimed at assisting startups with upholding and promoting their environmental, social, and governance (ESG) values. the primary focus of the new venture capital fund will be on investing in growth for late-stage...
In what was a highly unexpected move, the Warren Buffett-led company Berkshire Hathaway Inc decided to shed its investment in Wells Fargo, selling the vast majority of its stocks in the bank. Berkshire first invested in Wells Fargo, the 4th largest U.S. bank, in 1989. This decision was largely...
90-year-old business tycoon Warren Buffet has become the latest billionaire to reach a net worth of $100 billion according to the Bloomberg Billionaires Index. There, he joins Amazon founder Jeff Bezos, Tesla and SpaceX CEO Elon Musk, and close friend and Microsoft co-founder Bill Gates.
This came as Berkshire Hathaway...
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person this week, unseating Tesla and SpaceX pioneer Elon Musk. This comes after Tesla Inc. stocks slipped by 2.4% during Tuesday's trading.
Having help at the top spot for six weeks, Elon Musk lost approximately $4.5 billion as...
Extend, a startup aimed at helping businesses offer product warranties, revealed on Tuesday that it had raised as much as $260 million in its latest round of fundraising efforts, which were led by SoftBank Group Corp's Vision Fund 2. In response to the company's overwhelming success, Nagraj Kashyap, managing...
The desire to save money has been more popular than ever amongst Americans lately. What with the coronavirus pandemic, lockdowns, and unemployment skyrocketing in 2020, last year caused a panic that led citizens to (smartly) save their hard-earned cash as much as possible.
Although we didn't necessarily need anyone to...