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Average mortgage rate lowest for nearly seven months
Guy Gittins, chief executive of Foxton’s, London’s biggest estate agent, told the BBC’s Today programme there had been a “huge movement in confidence” late last year with the more new buyers registering compared to the same period in 2023. “I think the prices that we’re achieving at the moment in the UK are relatively steady,…
Tesla on two wheels? India’s Ola Electric feels the strains of success | Reuters News Agency
AutomotiveBusiness & Finance 28 November 2023, 4:40 am 1 minute Reuters reported that Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in the…
Elon Musk’s SpaceX reportedly valued at $175 billion or more in tender offer
Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion or more, according to people familiar with the matter. The most valuable U.S. startup is discussing a tender offer that could range from $500 million to $750 million, said some of the people,…
WeWork Seeks Bankruptcy Protection
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. In a late Monday announcement, WeWork said it entered into a restructuring support agreement…
New York’s Attorney General Is Ordering The Black Lives Matter Foundation To Stop Operating Until It’s Transparent With Donations
Employees at hundreds of companies also raised money for the Black Lives Matter Foundation. Some 200 companies, including Apple, Google, and Nordstrom, raised $4 million for the Black Lives Matter Foundation between May 31 and June 5 using Benevity, a popular corporate fundraising platform. Benevity founder Bryan de Lottinville told BuzzFeed News that over the…
Union President Blasts Ford Chairman: ‘He Knows Exactly How To Settle This Strike’
The executive chairman of Ford Motor Company broke his silence on the monthlong auto workers strike on Monday and said the work stoppage could “devastate local communities” if it continues. Bill Ford, the great-grandson of Henry Ford and the company’s chairman since 1999, also criticized the United Auto Workers union for recently shutting down the…
