Business

Tesla Short Sellers Mint $4 Billion Profit as Shares Nosedive

The deep plunge in Tesla Inc.’s stock on Thursday is turning into a major payday for its short sellers.

AT&T won’t need to worry about SpaceX for ‘years,’ analyst says

However, that doesn’t mean Starlink won’t be an overhang on wireless stocks.

Trump’s dubious nuclear deal with Saudi Arabia

An accord lacking ‘gold standard’ safeguards on enrichment would carry proliferation risks

US justice department to streamline company merger reviews

Change entails focusing on top competition concerns in a deal rather than expansive probes and fact-finding missions

Trump vows to punish Iran for Houthi attacks in Red Sea, as oil surges over US$100

US President Donald Trump promised on Thursday “major military punishment” for Iran and its Houthi allies, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping…

Still waiting for the free $1,000 to hit your ‘Trump account’? Here’s what to know.

Around $1.5 billion has been deposited into the accounts since their launch earlier this month, the Treasury Department said.

EU countries to restore interim measure on allowing Big Tech to fight online child pornography

JUST IN: Tinubu expands Army Divisions to 12, orders recruitment of 28,000 personnel

President Bola Ahmed Tinubu has approved the expansion of the Nigerian Army’s structure from eight to twelve divisions. Bayo Onanuga, Presidential spokesman, who announced this in a statement on Wednesday, described it as a landmark move…

US to Produce Ukraine’s Magura Sea Drones for the First Time

A US manufacturer is set to produce Ukraine-designed, battle-tested boat drones for the first time, as the White House bids to bolster America’s military production and expand its unmanned arsenal.

We're raising our Honeywell Technologies price target, reflecting post-spinoff optimism

Honeywell Technologies bucked a broader market selloff after the industrial automation company delivered a strong quarter and raised guidance.

The Guardian view on Britain’s uninhabitable homes: as temperatures rise, a new approach is needed | Editorial

Sadiq Khan’s heat-ready plan for London is a sensible strategy for adaptation that should provide a roadmap for other cities “Our ability to trust that our homes will keep us safe from the outside is under threat,” the geographer Sam…

Odds of Federal Reserve rate hike surge as oil prices rip higher

Investors are increasingly readying for the Federal Reserve to hike interest rates in September.