Hacking Wall Street: Are tech unicorns about to disrupt stock market flotations? January 21, 2019 Tech companies have changed the way we chat, bank, travel and date. Are they about to disrupt capital markets too? “In [Silicon] Valley there’s always been that mentality: how do we hack Wall Street?” says Rob Kniaz, a founder of tech-focused venture capital firm Hoxton Ventures. Two weeks ago reports broke that Slack, the workplace [...]
Tesla’s share price soars in double-digit increase on an apologetic Musk | City A.M. August 2, 2018 Buoyed by promises to be cashflow-positive by the end of the year, Tesla’s share price has risen more than 10 per cent on the open this afternoon. The electric carmaker, spearheaded by its charismatic chief executive Elon Musk, reported quarterly revenue above analyst expectations in a results reveal last night at $4bn (£3.05bn). Despite its [...]
SpaceX CEO Elon Musk unveils plans to send humans to the moon and Mars by 2024 at the International Astronautical Congress September 29, 2017 It’s official: not content with pioneering reusable rockets and re-stocking the International Space Agency, Elon Musk now wants to use SpaceX to let people travel to the moon and start colonising Mars. During a 40-minute presentation at the International Astronautical Congress in Adelaide this morning, it was revealed that SpaceX will start making smaller rockets [...]
Tesla shares rise as Musk takes a back seat and Morgan Stanley joins the rumoured Tesla adviser list August 21, 2018 Tesla's share price rose as much as five per cent in early trading today after Morgan Stanley hinted at its possible involvement in discussions surrounding a transaction to take the company private. The brokerage today removed its rating and suspended equity coverage on Tesla, signalling a potential move to join Goldman Sachs as an adviser [...]
Tesla shares fall as analysts cast doubt on Model 3 profitability August 17, 2018 Tesla's share price slumped as much as eight per cent in trading today, after a note was published this afternoon expressing concern over the fate of its Model 3 sedan. UBS analyst Colin Langan said Tesla's Model 3 will fail to produce better profit margins than a standard BMW sedan due to miscalculations on manufacturing costs. [...]
Venom review: A talented cast struggles its way through this jumbled anti-hero affair October 5, 2018 Spider-Man recently made a critically acclaimed Homecoming to Disney/Marvel after years tied to Sony, leaving the alien entity known as Venom in a strange hinterland. The character’s first stand alone film is produced by Sony “in association with Marvel” as part of their new sharing agreement, but the resulting conflagration of themes and tones bears [...]
Tesla shares take off as Musk mulls buyout August 7, 2018 Tesla shares were suspended this evening following a string of tweets by billionaire founder Elon Musk in which he said he was considering taking the company private, leading the stock to spike. Tesla shares were up 7.39 per cent at the time of the hiatus and took off again when trading resumed nearly two hours later [...]
US markets open higher amid optimism over new trade deal with Mexico August 27, 2018 The US markets have opened amid optimism as the White House and Mexico close in on agreeing a new trade deal. Reports that the US and Mexico are close to agreeing a new North American Free Trade Agreement (NAFTA) has seen US stocks rise to all-time highs today. The Dow Jones Industrial Average jumped 159 [...]
Get ready for the robot revolution – and fast September 17, 2018 The rise of the robots has generated a fierce debate – one in which the doomsayers shout the loudest. However, according to the World Economic Forum (WEF), the future is bright: for every job that machines are due to displace worldwide by 2022, they will create almost two more – a net positive of 58m. They [...]
Get ready for the robot revolution – and fast September 17, 2018 The rise of the robots has generated a fierce debate – one in which the doomsayers shout the loudest. However, according to the World Economic Forum (WEF), the future is bright: for every job that machines are due to displace worldwide by 2022, they will create almost two more – a net positive of 58m. They [...]