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Tesla rallies after Ark Invest predicts US$3,000 stock price

Shares of Tesla jumped over 6per cent on Monday, getting a lift from a bullish report from Ark Invest, an influential shareholder in the electric car maker.

Markets

Top Democrat speaks to Biden staff about key internet law

U.S. Senator Mark Warner said on Monday he has been talking to President Joe Biden's staff about Section 230 - a law protecting tech companies - and expects his recent legislation to reform the law to find a Republican co-sponsor.

Markets

Leon Black leaves Apollo executive roles after Epstein investigation

Apollo Global Management Inc co-founder Leon Black has left his executive positions at the private equity firm, a move that caps a series of corporate governance changes triggered by a review of his ties to late financier and convicted sex offender Jeffrey Epstein.

Markets

US home sales tumble amid cold weather, tight supply

WASHINGTON :U.S. home sales dropped to a six-month low in February amid cold weather in many parts of the country and record low supply, and a rebound could be muted by rising mortgage rates as well as higher house prices.

Markets

SkyBridge’s Scaramucci files to launch bitcoin ETF with First Trust Advisors

Former White House communications director Anthony Scaramucci has jumped into the fray for a bitcoin exchange-traded fund with his SkyBridge Capital joining forces with First Trust Advisors, according to a filing with the Securities and Exchange Commission.

Markets

Oil climbs on demand recovery expectation despite European lockdowns

Oil prices edged higher on Monday after a broad sell-off last week, as market players were hopeful demand will rebound later this year even as new European coronavirus lockdowns made a quick recovery look less likely.

Markets

Reckitt Benckiser considers over US$2 billion sale of Mead Johnson Greater China: sources

British consumer goods company Reckitt Benckiser Group is considering selling its infant formula business in Greater China, in a deal that could value the business at more than US$2 billion, two people with knowledge of the matter said.

Markets

US Supreme Court rebuffs Facebook appeal in user tracking lawsuit

The U.S. Supreme Court on Monday turned away Facebook Inc's bid to pare back a US$15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when they are logged out of the social media platform.

Markets

India to launch supercharged push for global electric vehicle players

India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it expects to attract US$14 billion of investment over five years, according to industry sources and a document seen by Reuters.

Markets

Goldman CEO to junior bankers: we are sending you more resources

NEW YORK :Goldman Sachs Group Inc's CEO on Monday responded to complaints from junior bankers by saying management is going to work harder to give them Saturdays off and to shift bankers from other divisions to the busiest teams in the investment bank, according to a transcript of a...

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