Tesla shares have led a rebound in tech stocks, just one day after stock in the electric car maker suffered its biggest ever drop, wiping $16.3 billion from the net worth of CEO Elon Musk. Shares of Tesla jumped as much as 8.8 percent on Wednesday, after shedding about a fifth of their value in … Read more
Elon Musk lost a record $16.3 billion after Tesla shares plummeted by 21 per cent losing more than $100 billion off its market value yesterday – the company’s biggest ever drop. To add insult to injury, the electric car maker was snubbed for inclusion in the S&P 500 Index. Musk’s drop in net worth is the … Read more
In almost every part of our lives, priorities are shifting, with safety and prudence the new virtues. In future, more people may want to preserve their money, rather than maximise returns: the return of their capital is, in other words, more important than the return on their capital. Growth will be an added extra, rather … Read more
Tullow Oil slashes workforce as it reveals recent oil price rout could sink it By Daily Mail City & Finance Reporter Published: 23:17 GMT, 12 March 2020 | Updated: 00:31 GMT, 13 March 2020 Tullow Oil’s future was in doubt last night it revealed that the recent oil price rout could sink it. The energy … Read more
Older workers face delayed retirement: Pensions chief issues stark warning after stock market rout By Lucy White For The Daily Mail Published: 00:19 GMT, 18 March 2020 | Updated: 01:06 GMT, 18 March 2020 Hardworking Britons who had too much of their pension invested in shares may have to postpone their retirement, the boss of … Read more
Britain’s blue-chip FTSE 100 index slipped back from a surge earlier today to close up 2.5 per cent. At one point the leading London stock market index was trading up more than 7 per cent, but investors lost confidence after US markets failed to follow European ones with big gains. David Madden, of CMC Markets, … Read more
Coronavirus clobbers the British pub: Restaurants also hit in latest stock market rout By Tom Witherow For The Daily Mail Published: 22:17 GMT, 16 March 2020 | Updated: 22:20 GMT, 16 March 2020 Shares in the UK’s biggest pubs and restaurants tumbled on another day of panic selling on stock markets around the world. As … Read more