Finance

Musk buys Tesla stock – could he become the first global trillionaire?

Musk buys Tesla stock – could he become the first global trillionaire?

Tesla’s stock rose on Monday as Elon Musk bought more than 2.5 million shares, worth about $1 billion (€850 million), in his own company. Shares of the electric vehicle maker jumped nearly 3...

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World Must Spend $540 Billion a Year Looking for Oil and Gas, IEA Says

World Must Spend $540 Billion a Year Looking for Oil and Gas, IEA Says

(Bloomberg) — The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050, according to the International Energy Agency. While global s...

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Smartphone Maker Nothing Raises $200 Million to Build AI Devices

Smartphone Maker Nothing Raises $200 Million to Build AI Devices

The Nothing R smartphone. (Bloomberg) — Nothing Technologies Ltd., a smartphone maker founded just five years ago, has raised $200 million to try and develop the next generation of AI-...

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EU Delays Russia Sanctions Proposal to Align With G-7 Priorities

EU Delays Russia Sanctions Proposal to Align With G-7 Priorities

Ursula Von Der Leyen at a news conference on the 18th package of sanctions against Russia in Brussels, on June 10. (Bloomberg) — The European Union will delay formally tabling its la...

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Senate approves White House’s Stephen Miran to serve on Fed board

Senate approves White House’s Stephen Miran to serve on Fed board

The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank j...

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China Fires Water Cannons After Collision With Philippine Ship

China Fires Water Cannons After Collision With Philippine Ship

A Philippine cost guard ship. Photographer: Richard A. Brooks/AFP/Getty Images (Bloomberg) — Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where...

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