Cheaper cars are selling faster than at the start of the year
Consumers are concerned about rising fuel prices and affordability – and that could be reflected in how quickly the cheapest cars are leaving dealerships. From the first to the third quarter, the number of days it took a dealer to sell a vehicle priced…
Weil’s Ramona Nee in talks to join Kirkland & Ellis
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Ramona Nee, the lawyer who was poised to lead Weil Gotshal before the legal powerhouse’s collapse, is in talks to…
Alphabet’s stock market crash leaves this business metric at a level not seen in over a decade
Investing in the future of Internet search and YouTube has rarely been so cheap. Shares of Alphabet (GOOGL) are trading at a price-to-earnings (P/E) ratio not seen since 2012, according to data from Yahoo Finance AlphaSpace (chart below). The move…
Cash: Series I bond rate is 5.51% through April 2027
Jetcityimage | Istock | Getty Images The U.S. Department of the Treasury announced new rates for Series I bonds. The newly purchased I Bonds will pay 5.51% annual interest from November 1 to April 30, which is up from the 4.26% yield offered for…
Internal documents reveal cash rush before ‘forever cruise’ around world is blocked
When the voyage of the luxury cruise ship MV Odyssey ended suddenly earlier this week in Cambodia, giving the ship’s residents just hours to disembark, it marked the culmination of several attempts over a period of about three months to salvage the…
Binance Co-Founder Asks Elon Musk to Stop Trolling After $6.3 Billion Hack
Binance’s co-founder and former CEO asked Elon Musk on Friday not to “troll” the company and instead “show some support” following the decision. EspaceX The CEO appeared to mock the struggling cryptocurrency exchange in a…
Stock market today: Nasdaq plunges, S&P 500 and Dow fall as Amazon, Intel profits fuel tech rout
Intel (INTC) stock was torched in pre-market trading Friday, falling 26%, after the company warned of weak PC sales in the current quarter. At the heart of this warning is consumer resistance to rising PC prices resulting from the memory chip shortage.…
Intel stock plunges nearly 30%, marking worst day since 1974
Intel’s data center business has just grown by nearly 80% in one year. Its fourth-quarter outlook sends the stock toward one of its worst days in half a century, wiping out more than $100 billion in market value Friday. Intel (INTC) stock fell 30%…
China denies spying allegations targeting Nvidia CEO – BBC News Africa
China denies spying allegations targeting Nvidia CEO BBC Chinese executive close to Nvidia CEO suspected of giving information to China WSJ Nvidia CEO says ties to company under spy investigation were ‘normal’ Bloomberg Chip hawks seize on…
“It’s only when you see 49-ton trucks in China running on batteries that you realize how serious electrification is”: Octopus Energy CEO Greg Jackson on Europe’s incumbent problem
The brutal business of selling mirrors is not for the faint of heart. The challenge lies in differentiating categories, given that a mirror has a simple task: reflection. One of Greg Jackson’s first jobs was working for a mirror manufacturer that,…