Why Jim Chanos Thinks Tesla Stock Is ‘Ridiculously Overvalued:’ ‘They Basically Were.. Doing The Wrong Thing For 7 Years’
Jim Chanos confirmed he still has an active short bet against Tesla, Inc. (NASDAQ:TSLA) and said the stock is “ridiculously overvalued.” What Happened: The Tesla story keeps changing, Chanos, the founder and President of Chanos & Co., said in an interview with Bloomberg. “Every every few months the Tesla faithful trot out a new [theme] […]
UK Government Announces £1billion Has Been Lent to Startups: 12% Sent to North West Startups
The UK government has handed £1billion out to small firms via its start up loans scheme. The programme was created to help entrepreneurs start and scale up their businesses. It has now provided funding to over 100,000 businesses across the country. Delivered through the state-owned British Business Bank, the start up loan scheme was developed […]
Instacart Set to Raise IPO Price Target After Successful Arm Debut
At the high end of the new range, the grocery-delivery company would be valued at nearly $10 billion on a fully diluted basis.Read More
Ireland’s Latest Fiscal Headache: What to Do With 10 Billion Euros
The government in Dublin has a big budget surplus, thanks to its low tax rate for multinationals. Build more housing? Or a subway? Sock it away? Whatever the case, someone will be unhappy.Read More
LuLu Money Singapore and Endava Collaborate to Launch Cross-Border Payments Platform
LuLu Money Singapore, a subsidiary of LuLu Financial Holdings in Abu Dhabi, has joined forces with global digital transformation provider Endava to introduce Digit9, a cross-border payments platform designed to streamline transactions for a wide range of financial institutions. Digit9, designed as a remittance-as-a-service (RaaS) product, represents a tech-enabled platform with the aim of fostering […]
Rising Rates Make Big Companies Even Richer
The Fed raised interest rates to slow the economy—but at some big companies, the moves had the opposite effect, boosting profits and spending power.Read More
U.A.W. Set to Begin Walkouts as Deadline Nears With No Contract Deals
The union announced initial sites of a targeted strike meant to press Ford, General Motors and Stellantis in talks on pay, benefits and the workweek.Read More
Nagad Combats Female Customer Harassment with Virtual Card Number Service
Nagad, the mobile financial service based in Bangladesh, has introduced an in-built virtual card number that allows its users to enjoy all services even after hiding their mobile numbers. The aim of this feature is to tackle harassment faced by female customers over the phone. Additionally, it will safeguard their privacy. In Bangladesh, women have […]
Ukraine Intensifies Attacks on Russia in Crimea and Black Sea
Claims of damage to Russian air defenses and warships reflect Ukraine’s growing strategy of degrading the Kremlin’s ability to use the region as a staging area that is vital to its war effort.Read More
Studios Say Talks With Striking Writers May Resume Next Week
The Alliance of Motion Picture and Television Producers said the union had asked for a meeting, which would be the first in nearly a month.Read More
