13 h. ago Elon Musk buys nearly $1bn in Tesla stock in push for more control

Tesla shares rose by more than 8% after news of CEO’s transactions, a week after he was offered $1tn pay packageElon Musk, the Tesla CEO, has purchased nearly $1bn worth of the electric-vehicle maker’s stock, a regulatory filing showed, reinforcing Musk’s push for greater control over Tesla.Tesla shares jumped more than 8% in premarket trading on Monday following the news. Continue reading...

Economics

13 h. ago Elon Musk buys $1B in Tesla stock in show of commitment for flagging EV maker

Musk is looking to show his commitment to Tesla ahead of a shareholder vote on a new $1 trillion pay package

Economics

15 h. ago Musk buys $1bn in Tesla shares as EV maker peps bumper pay package

Tesla boss Elon Musk has bought around $1billion (£740million) of shares in the electric car maker.

Economics

15 h. ago ‘We’re in big trouble’: pope concerned at Elon Musk’s trillion

Pope Leo criticises executive pay packages and talks about gap between rich and poor, in his first media interviewPope Leo said “we’re in big trouble” when it comes to the ever-widening pay gap between the rich and poor, citing Elon Musk, who may be on course to become the world’s first trillionaire.Leo made the remarks while criticising executive pay packages during his first interview with the media. Continue reading...

Events

33 h. ago Pope Leo criticises pay packages of Musk and other corporate chiefs

Pontiff expresses concern about the widening gap between corporate bosses and workers

Culture

6 d. ago Ed Sheeran quits UK to move to US with family after backlash over cultural identity comments

The Galway Girl hit-maker has shared his hopes of making a shift towards country music

Politics

1 week ago Elon Musk could become world’s first trillionaire under new Tesla pay deal

The EV maker’s CEO has to hit some huge targets to get the full award - including making Tesla the world’s biggest company

Economics

1 week ago Tesla proposes $1tn pay package for Elon Musk; markets brace for US jobs report – business live

Musk would need to hit a series of market value, profit and operational milestones to earn mega-payoutFull story: Retail sales rise but ONS apologises as statistics crisis deepensFull story: Average UK house price reaches record £299,331, says HalifaxBarbara Teixeira Araujo, economist at Moody’s Analytics, says today’s retail sales report shows that the first quarter of the year was not as strong as previously thought:“That U.K. retail sales rose by a strong 0.6% month over month in July—building on a 0.3% increase in June—was definitely good news, especially given the bad vibes coming from the labour market. But we caution against reading too much into the headline.Not only did the underlying pace of growth remain lacklustre, with growth still falling by 0.6% q/q in the three months to July, but there are now significant questions around the reliability of those figures. Issues found with seasonal adjustment led to a thorough overhaul of the methodology this month, resulting in a c...

Economics

3 w. ago OpenAI eyes world’s largest valuation for private company in stock sale talks

Maker of ChatGPT reported to be considering $6bn share sale that would boost valuation to $500bn – above SpaceXThe maker of ChatGPT is on the cusp of becoming the world’s most valuable private company. OpenAI is in talks to sell $6bn in shares, which would boost its valuation to $500bn, according to multiple reports. The artificial intelligence startup’s stock would be sold to investors by current and former employees.OpenAI has seen exponential growth over the past year. Investors, including Microsoft and SoftBank, have poured at least $40bn into the startup, giving it a valuation of $300bn as of March. Last October, it was valued at $157bn. Continue reading...

Economics

3 w. ago CEO pay at top US companies accelerates at fastest pace in four years

Median package for S&P 500 bosses was $19mn in 2024, pay advisory calculates

Economics

4 w. ago Trump administration considers 10% stake in Intel to rescue embattled chip maker: reports

Talk of a potential U.S. share in the chip maker comes after Trump called on the CEO of Intel to resign earlier this month over his China ties

Events