business news
Malaysia’s former prime minister begins final bid to toss out 1MDB graft conviction
Malaysia’s former prime minister Najib Razak waves as he arrives at the federal court in Putrajaya on August 15, 2022. Malaysia’s top court Monday began hearing a final appeal by former Prime Minister Najib Razak to toss out his graft conviction linked to the massive looting of the 1MDB state fund. Mohd Rasfan | Afp […]
Read More
Elon Musk says Tesla has made over 3 million cars
17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat. Picture Alliance | Picture Alliance | Getty Images Tesla has made over three million cars, CEO Elon Musk tweeted on Sunday. Of that total, Tesla’s Shanghai factory has made one million […]
Read More
Tesla hedging: New ETF gears up to attract hesitant investors
Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives investors exposure to the stock while largely steering clear of volatility and valuation risks by […]
Read More
U.S. lawmakers arrive in Taiwan with China tensions simmering
In this photo released by the Taiwan Ministry of Foreign Affairs, from left, U.S. Democratic House member Alan Lowenthal from California, Democratic House members John Garamendi, Donald Yu-Tien Hsu, Director-General, dept. of North American Affairs, Taiwan’s Ministry of Foreign Affairs, Democratic House member Don Beyer from Virginia and Republican Rep. Aumua Amata Coleman Radewagen, a […]
Read More
Former Deutsche Bank co-CEO Anshu Jain dies at 59
Jain Anshu, President of Cantor Fitzgerald appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd. 2020. Gerry Miller | CNBC Anshu Jain, an Indian-born investment banker who rose to the role of co-CEO at Deutsche Bank, died last night after a long battle with cancer, […]
Read More
Blumhouse’s ‘The Black Phone’ shows that horror, and original storytelling, has a place at the box office
Any apprehension Jason Blum had about the future of the box office has been quelled now that “The Black Phone” has surpassed $150 million at the global box office. Blum was one of many that worried lower budget films might not have a place at cinemas in the wake of pandemic theater closures. However, the […]
Read More
Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The […]
Read More
Trump search warrant cites statutes that carry possible multiyear prison sentences
The FBI’s search warrant targeting former President Donald Trump’s private club listed three statutes that were used to justify the seizure of boxes and documents from the property, some of them marked as top secret. Under a heading that reads “Property to be seized,” the warrant refers to: “All physical documents and records constituting evidence, […]
Read More
Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Confluent Co-Founder and CEO Jay Kreps appears at the company’s sales kickoff in Las Vegas on Feb. 8, 2022. Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their […]
Read More
Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel’s Magic 8 Ball movie
Magic 8 Ball by Mattel Source: Amazon Blumhouse is no longer a producing partner of Mattel’s planned Magic 8 Ball film. On Friday, co-founder and producer Jason Blum told CNBC that the horror production power house was no longer attached to the toymaker’s project. “We developed it for a while, but we are no longer […]
Read More