Elon Musk sold nearly $4 billion in Tesla Inc. TSLA -2.93% stock after buying Twitter Inc. for 44 billion Mr. Musk sold 19.5 million shares in Tesla 4.-8. Nov., according to regulatory disclosures released Tuesday. Tesla’s CEO, who has become the world’s richest person thanks in large part to his stake in the car company, … Read more
LOS ANGELES—Lucid Group Inc. said it may raise up to $1.5 billion through the sale of stock to fund future operations as the electric car maker ramps up factory spending to push out more cars. The EV startup disclosed the fundraising plans in regulatory filings after it said third-quarter losses widened from the same period … Read more
Cryptocurrency exchange FTX, just months removed from looking like a shining survivor in a struggling industry, succumbed to its own sudden liquidity crisis on Tuesday and was taken over by rival Binance. The deal signals a shift in power in the crypto world, which has been decimated by rising interest rates and investors retreating from … Read more
A billboard for the Activision video game ‘Call of Duty: Modern Warfare II.’ Photo: Richard B. Levine/Levine-Roberts/Sipa USA/Reuters Fantasy video games can still inflict wounds in the real world, but a 19-year-old franchise is also proving to be very hard to kill. Activision ATVI 1.57% Blizzard’s latest “Call of Duty” iteration is selling strongly, marking … Read more
A federal judge rejected Elizabeth Holmes’ bid for a new trial, the latest setback for the Theranos Inc. founder, who was convicted of fraud in January. U.S. District Judge Edward Davila, who supervised Ms. Holmes’ trial, which began last year, said in a ruling late Monday that the arguments in her three motions for a … Read more
PARIS — Renault on RNO -2.12% said it would split itself into several divisions, put its core business that makes conventionally powered cars into a joint venture with a Chinese partner and detailed plans for a separate IPO of its electric car division. The restructuring, one of the most radical in the French carmaker’s 124-year … Read more
The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred stock, giving Lordstown Motors a fresh injection of capital as it works to ramp up production of its debut model, the Endurance. In addition, Foxconn and Lordstown Motors said they would jointly develop their … Read more
A unit of Walgreens Boots Alliance Inc. WBA 3.72% is nearing a deal to combine with a major owner of medical practices and urgent care centers in a transaction valued at about $9 billion including debt, according to people familiar with the matter, the latest in a series of acquisitions by large consumer-focused companies that … Read more
Liberals have tried to draw parallels between Elon Musk and Donald Trump, perhaps to justify their acquired distaste for the Tesla and the new Twitter boss. But the most important thing the two provocateurs have in common is that they both drive the left wing into hysterical fits. When President Biden warned in a dark … Read more
The dollar’s recent surge has added to the complexity of buying overseas stocks for investors accustomed to focusing on metrics such as company earnings and share price valuations. When US-based investors hold international stocks, their performance is driven by fluctuations in exchange rates as well as the performance of the underlying company stocks. In periods … Read more