Inflation in the U.S. rose 8.5% in March, compared with the prior 12 months, marking the highest increase since 1981, according to the Labor Department’s Consumer Price Index. Between February and March, inflation rose 1.2%, making for the biggest month-to-month jump since 2005. According to several economists and other financial experts, high consumer demand in […]
SINGAPORE — Asia markets largely slipped in Monday trade, with investors reacting to the release of Chinese economic data, including first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.5% as shares of Fast Retailing declined nearly 2%. The Topix index shed 1.22%. Mainland Chinese stocks were also lower, with the Shanghai composite […]
Scale and Tesla’s Master Plan Part 3 came up during Tesla CEO Elon Musk’s recent TED Talks interview. Head of TED, Chris Anderson interviewed Elon Musk, and shortly after a random musical interruption, Tesla’s Master Plan Part 3 came up. I’d previously written a short article about what we might expect Elon to share in the next chapter […]
Tesla has stopped including a complimentary Mobile Connector Bundle with new vehicle orders. The change was first spotted by Twitter user Tesla_Adri, and later confirmed by CEO Elon Musk. The accessory, currently priced at $275 on its own, allows you to connect your Tesla to a wall outlet and get about two to three miles […]
The expert view on how Digital ecosystems and how Big Tech is redefining the financial services space by expanding the digital ecosystem Big Tech first pioneered the concept of business ecosystems to monetise its technology platforms and customer relationships. Ecosystem-based strategies are primarily collaborative models, set up with the knowledge that no business by itself […]
James Phillips joins Stripe as President of Financial Services after decade at Microsoft as the payments giant continues impressive growth trajectory Payments platform Stripe has added another heavyweight executive to its ranks with the announcement of James Phillips joining as President of Financial Services after a decade at Microsoft driving its Digital Transformation Platform Group. […]
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes in the prices of already precious raw materials. Some factories in Ukraine have tried to keep going amid the invasion. Workers have reportedly had […]
In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 that he was considering taking his electric vehicle company […]
Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for supervision. In a Friday announcement, the White House said Barr was Biden’s pick to supervise the […]
Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth. In an email notification to users on Wednesday, Bitstamp informed its customers about the ongoing policy upgrades on the platform, with the exchange seeking additional info about its clients, one Bitstamp user told […]
IRVINE, Calif. (KABC) — For the first time in more than a decade, 30-year home mortgage loan rates hit 5%. Roger Williamson, the CEO and founder of Kent Mortgage Corporation, Roger Williamson, said in a Zoom interview with Eyewitness News that he expects this trend to continue. “If we don’t see an end to this […]
Twitter on Friday said it adopted a “poison pill” plan that could block billionaire Elon Musk from significantly increasing his stake in the social media company. The counter-measure comes a day after Tesla CEO Musk unveiled a $43 billion hostile offer for Twitter. In a statement, Twitter said that the new plan will reduce the […]
