Page 689 - Bloomberg/workspace/business Standard Web/video

If you've less money than Musk, watch out: Bill Gates on bitcoin

For Gates, it's not something Main Street should buy into - plus it's bad for the environment as mining the coins requires a lot of energy.

World's biggest wealth fund dumps 15 stocks on ethical grounds

The Oslo-based fund generated $123 billion in returns in 2020, marking its second-best performance ever thanks in large part to tech stocks

GameStop Corp reignites meme stock frenzy with $7.6-billion surge

Video game retailer rose as much as 83% to $168 in New York trading

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Aston Martin surges as demand for $223,000 SUV brightens outlook

The company plans to produce 6,000 vehicles this year, up from just 3,394 in 2020, with the £158,000 ($223,000) DBX model accounting for much of that output

Hyundai's $900 million recall is a cautionary tale for all EV makers

There's too great a rush to get electric cars to the market. Development must be tempered by care for consumer safety and thought for the consequences to a company's bottom line

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Apple has bought more than 100 companies in the last six years: Tim Cook

Apple's largest acquisition in the last decade was its $3-bn purchase of Beats Electronics, the headphone maker founded by rapper and producer Dr Dre.

Global retail banking: A particular breed heading for extinction

When HSBC and Citigroup were expanding, they were offering best-in-class consumer banking. As technology improved, local rivals have overtaken them

Reserve Bank of India concerned crypto may impact financial stability

Prime Minister Narendra Modi's administration is proposing to prohibit all private cryptocurrencies in the country and create a framework for an official digital currency

With vaccine rollout, fortunes of these covid billionaires are fading away

Almost $2.2 billion has evaporated from the net worth of Top Glove founder Lim Wee Chai and his family since October

Apollo Global Management, GIP bid for $10-billion Aramco pipeline stake

Pension funds in Abu Dhabi and Saudi Arabia have separately submitted initial bids, the people said

Tesla shares sink below the price at which it entered S&P 500 index

The stock dropped as much as 12% to $627.10 in New York on Tuesday

Jerome Powell signals Fed to keep buying bonds even as outlook improves

The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said

Nasdaq erases this year's gains in 3% rout, hits lowest level since Jan 29

Tesla Inc. dropped as much as 13% as investors continued to punish stocks that have led the rally from the depths of the pandemic a year ago

Wells Fargo sells asset management biz for $2.1 billion to reshape bank

The company agreed to sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners

EasyJet ticket sales surge as UK PM unveils plan for air travel return

EasyJet ticket sales more than quadrupled in the hours after Johnson said Monday that international trips may restart as soon as May 17

Bezos regains title of world's wealthiest person as Musk loses $15 bn

Tesla's biggest decline since September was fueled in part by Musk's comments over the weekend that the prices of Bitcoin and smaller rival Ether 'do seem high'

Texans will pay for decades as crisis tacks billions onto electricity bills

The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning

Trump's tax returns, long guarded, will soon be in prosecutor's hands

Trump's refusal to release his taxes during the 2016 campaign marked a break with every presidential candidate of the last four decades