Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid more than 6% during premarket trading on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the auto maker said it would raise up to $5 billion in a new stock offering. The stock
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People wait outside a Bank of China branch in Beijing on July 11, 2014. GREG BAKER | AFP | Getty Images Banks in China are likely to record greater declines in profits in the second half of this year as bad loans are set to rise further as a result of the coronavirus pandemic, according
Robert Pattinson dons the cowl in Matt Reeves’ “The Batman.” Warner Bros. Robert Pattinson, the latest actor to don the Batman cowl, has tested positive for Covid-19, according to multiple media reports. Warner Bros. confirmed earlier Thursday that production on Matt Reeves’ “The Batman” had been halted in the U.K. after a crew member tested
Carlos Ponce joins others at a July 16 demonstration in Miami Springs, Florida, asking senators to support the continuation of unemployment benefits. Joe Raedle | Getty Images The fight over state and local funding “Both sides have dug in on their philosophical grounds,” when it comes to supporting state and local governments, said Mark Mazur,
Thanks to Amazon’s success, CEO Jeff Bezos is the richest person in the world, worth $207 billion, according to the Bloomberg Billionaires Index. But when he started Amazon as an online bookseller in 1994, Bezos thought it was likely that his business would fail. “I thought there was a 30% chance that we might build a successful
SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images Many states pay unemployment benefits to workers at a level below the federal minimum wage. That may leave families with little income to pay
The Rocket Mortgage by Quicken Loans app is displayed on a smartphone Aug. 6, 2020. Gabby Jones | Bloomberg via Getty Images Rocket Companies, the parent of mortgage lender Quicken Loans, swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower
Dado Ruvic | Reuters Johnson & Johnson‘s potential coronavirus vaccine prevented severe illness in a small group of Syrian golden hamsters, the company announced Thursday. J&J researchers vaccinated hamsters with a single dose and then exposed the rodents to the virus four week later, the company said. J&J said the vaccine elicited neutralizing antibodies, which
Maskot/Getty Images Tough choices are ahead for employers as President Donald Trump’s payroll tax holiday goes into effect, but it’s never too early for employees to figure out what’s coming up. The payroll tax deferral went into effect on Sept. 1, following an executive order Trump had issued in August. It’s effective until the end of
Professional soccer player Amobi Okugo has spent years building up his side hustle, the smart money site A Frugal Athlete. Given the chance for a do-over, there’s one expense he’d save money on: Website design. Okugo started A Frugal Athlete in 2014 with money from his savings account, with initial start-up costs including hiring designers
Benjamin Kapelushnik, a.k.a. Benjamin “Kickz”, may only be 16 years old, but he has been serving the “sneakerhead” community for years by reselling rare sneakers to celebrities and the public on his website. His clients include hip-hop moguls such as Snapchat co-star DJ Khaled and pro athletes. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow
The FT travels to the Cardiff Diamond Foundry to see how a diamond is grown in a chemical vapour deposition system, and how lab-grown diamonds differ from natural ones. ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter
Hello World’s Ashlee Vance paid a recent visit to Iceland’s capital city of Reykjavik to see the next part of the green energy story. He found a start-up called Icewind that is building a new type of funky wind turbine designed to perform well in low-wind conditions but also to slow itself down in high-winds,
SpaceX CEO Elon Musk tells CNN Tech’s Rachel Crane that whether the launch of the Falcon Heavy “succeeds or fails, it’s going to be exciting.”
Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C. Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images This is a developing story. Check back for updates. Shares of DraftKings jumped 16% in premarket trading after the company said
PNC Financial’s Amanda Agati is positioning for a challenging fall. Agati, the firm’s chief investment strategist, questions whether the market can move meaningfully higher with uncertainty relating to the presidential election, the coronavirus’ path and effectiveness of vaccine trials churning in the background. “I don’t know if I want to say — or go as far
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies at the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Kevin Dietsch | Pool via Reuters White House coronavirus advisor Dr. Anthony Fauci said Wednesday that the number of daily coronavirus cases in the United
Most renters in the U.S. are now protected from eviction until the end of the year, according to an order announced on Tuesday by the Centers for Disease Control and Prevention. The ban is unprecedented and could prevent millions of Americans from being forced out of their homes during one of the worst public health crises in
If you want to tackle problems the same way as Bill Gates, you need to start with two simple questions: “Who has dealt with this problem well? And what can we learn from them?” “Ever since I was a teenager, I’ve tackled every big new problem the same way: by starting off with [those] two questions.