Monday 25 October 2021

Reuters Business: Tesla's $1 trillion value a double bonanza for Musk

Tesla's $1 trillion value a double bonanza for Musk

The surge in Tesla Inc's stock market value beyond $1 trillion on Monday is a double bonanza for Chief Executive Elon Musk, the electric car maker's largest shareholder.

S&P 500, Dow close at new highs as Facebook starts heavy earnings week

The Dow Industrials and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.

Fed to hold conferences in November focused on diversity and inclusion

The Federal Reserve will host a series of diversity and inclusion conferences in November focusing on underrepresented groups and their experiences in the economics profession, central banking, finance and the economy overall, the U.S. central bank announced on Monday.

AIG names Shane Fitzsimons as new CFO

American International Group said on Monday it has appointed Shane Fitzsimons as chief financial officer, replacing Mark Lyons who will step into another role from January.

U.S. agency asks Tesla about changes to driver assistance system

The National Highway Traffic Safety Administration said Monday it was aware of reported changes to Tesla's Full Self-Driving (FSD) beta advanced driver assistance system and had contacted the automaker for more information.

Facebook invests billions in metaverse efforts as ad business suffers

Facebook Inc said on Monday it will break out its division focused on hardware, virtual and augmented reality into a new reporting segment, as its main advertising businesses face "significant uncertainty."

S&P 500, Dow close at new highs as Facebook set to start heavy earnings week

The Dow Industrials and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results.

Tesla zooms past $1 trillion market cap on bet that the EV future is now

Tesla Inc surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade.

Dollar steadies after bounce off of one-month low

The dollar steadied on Monday afternoon after bouncing off a one-month low as traders weighed the prospects of higher interest rates for different currencies and considered how coming economic data and central bank comments could impact their positions.

U.S. FTC to restrict future deals for firms that pursue 'anticompetitive mergers'

The U.S. Federal Trade Commission said on Monday it is restoring its practice of routinely restricting future acquisitions for companies that pursue "anticompetitive mergers."

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