Analysis: Musk’s Tesla stock sale poll raises taxing questions
When Elon Musk asked his Twitter followers last weekend if he should sell 10% of his Tesla Inc (TSLA.O) stock, he said he was posing the question because “much is made lately of unrealized gains being a means of tax avoidance.”
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp (9984.T) reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
StanChart flags flat annual income despite strong Q3 profit; shares drop
Standard Chartered (STAN.L) forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday.
Stocks slip, short-term yields leap with inflation
Tech shares slipped and short-term Treasury yields jumped on Wednesday as investors expect inflation to prompt interest rate hikes, with a hotter-than-forecast reading in Australia the latest sign of prices pressuring central bankers to act.
Asia stocks catch Wall St cheer but China caps gains
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.
Another Chinese property developer defaults, shares drop
Modern Land (1107.HK) reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group (3333.HK) and dragging on shares in the sector.
Oracle revenue falls short of expectations as cloud competition rises
Enterprise software firm Oracle Corp (ORCL.N) fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space.
EXCLUSIVE Buyout firm Apollo makes $4.3 billion offer to buy Tronox -sources
Private equity firm Apollo Global Management Inc (APO.N) has approached Tronox Holdings Plc (TROX.N), one of the world’s largest pigment manufacturers, with a $4.3 billion all-cash offer, people familiar with the matter said on Monday.
Shares lifted by prospect of lower rates for longer
Global shares posted their longest winning streak in three months on Monday, aided by the chance of low interest rates for longer in the United States and talk of more stimulus in Japan and China, while oil slid as the Saudis cut prices for Asian customers.
Robinhood shares tumble after PayPal news, SEC scrutiny of key revenue stream
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc (PYPL.O) may start an online brokerage and a report saying regulators were looking at a possible ban on a practice that accounts for the bulk of the company’s revenue.
