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Nikola Founder Trevor Milton Is Convicted of Fraud

Business NY Times - October 15, 2022

Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks. » mehr lesen

Elon Musk Foments More Geopolitical Controversy With Ukraine Internet Dispute

Business NY Times - October 15, 2022

The world’s richest man, whose Starlink internet service is critical to the Ukrainian Army, said he could not “indefinitely” fund the system’s use in Ukraine. » mehr lesen

Morgan Stanley’s 30% Profit Drop Sends Stock Price Down

Business NY Times - October 15, 2022

The Wall Street firm reported lower fees and weaker revenue from trading stocks in the third quarter. » mehr lesen

Citigroup Quarterly Profit Falls 25%

Business NY Times - October 15, 2022

The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.” » mehr lesen

Kroger and Albertsons Announce Plan to Merge in $25 Billion Deal

Business NY Times - October 14, 2022

The deal, an effort to bulk up against deep-pocketed rivals Walmart and Amazon, is likely to invite antitrust scrutiny from regulators. » mehr lesen

Citigroup’s Profit Falls as Consumer Strength Is Offset by Market Weakness

Business NY Times - October 14, 2022

The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.” » mehr lesen

JPMorgan’s Profit Shrinks, but Chief Says U.S. Customers Are ‘Healthy’

Business NY Times - October 14, 2022

The bank earned $9.7 billion in the third quarter, down from last year. It also added to reserves against loan losses and took a hit on some investments. » mehr lesen

U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster

Business NY Times - October 14, 2022

Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil. » mehr lesen