Tesla faces federal probes over secret Musk house project -WSJ

Federal prosecutors are investigating Tesla's use of company funds on a secret project described internally as a house for Chief Executive Elon Musk, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

newspaper

30-08-2023

Analysis-Grayscale victory big boost for decade-long spot bitcoin ETF push

A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products.

newspaper

30-08-2023

Meta pins pro-China influence campaign on Chinese law enforcement

NEW YORK (Reuters) -Facebook parent company Meta said on Tuesday it had uncovered links between people associated with Chinese law enforcement and a long-running but largely ineffectual operation to positively influence people on social media about China.

newspaper

30-08-2023

Chinese steel demand declining less than data suggests, says Vale executive

Brazilian miner Vale SA sees declining steel demand in China, the world's largest producer, but the situation is not as dire as some indicators suggest, the miner's vice president of iron ore solutions told Reuters.

newspaper

30-08-2023

Piedmont Lithium receives first payment for NAL shipment

Piedmont Lithium said on Tuesday it has received a partial prepayment of $31.6 million for the sale of 15,000 dry metric tonnes (dmt) of lithium concentrate under its offtake deal with North American Lithium (NAL).

newspaper

29-08-2023

Meta pins 'Spamouflage' influence campaign on Chinese law enforcement

Facebook parent company Meta said on Tuesday it had uncovered links between people associated with Chinese law enforcement and the long-running but largely ineffectual pro-China "Spamouflage" influence operation.

newspaper

29-08-2023

Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs

Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderating costs of packaging and raw materials.

newspaper

29-08-2023

BMO, Scotiabank miss profit estimates as bad loan provisions, costs rise

(Reuters) -Bank of Montreal and Bank of Nova Scotia, Canada's third and fourth largest banks, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.

newspaper

29-08-2023

Bank of Montreal profit falls on higher bad loan provisions

(Reuters) -Bank of Montreal on Tuesday reported a decline in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover potential losses from loan defaults.

newspaper

29-08-2023