Business

Musk: I'll sell 10% of Tesla stock based on Twitter poll

Tesla shares closed Monday down nearly 5% after CEO Elon Musk said he would sell 10% of his holdings in the electric car maker—more than $20 billion worth by most calculations—based on the results of a poll he conducted ...

Automotive

Volvo Cars shares soar after IPO

Shares of the Swedish car brand Volvo debuted Friday on the Stockholm stock exchange, with the price rising sharply in early trading.

Business

Amazon stumbles on slower sales growth, higher labor costs

Amazon isn't just grappling with the easing of pandemic-induced shopping splurges. The online retail behemoth is also contending with surging costs as it navigates a snarled supply chain and labor shortages.

Business

PayPal quashes Pinterest acquisition rumors

Online payments giant PayPal has said it is not seeking to buy Pinterest, ending days of speculation that had prompted shares in the image-sharing site to soar.

Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

Business

'Unintentional gift': US steps into China's bitcoin breach

The long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type of machines that have helped the United States to become the new global hub for the digital currency.

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