Tag: FUNDS

  • Broadcom in talks to buy VMware

    May 22 (Reuters) – Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud services provider VMware Inc (VMW.N), people familiar with the matter have told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The terms of the deal being discussed could not be learned. The […]

  • Wall St week ahead

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, May 20 (Reuters) – The Federal Reserve’s determination to raise interest rates to crush the highest inflation in decades is clouding the outlook […]

  • Elon Musk Called ESG a Scam – Did Tesla Chief Do Investors a Favour?

    Investing typically uses a combination of head, heart, and gut, even though it’s not supposed to. And perhaps no market theme evokes “all the emotions” like ESG. This week, a major decision to remove Tesla from a closely tracked environmental, social and governance (ESG) index drew anger and relief in almost equal measure. Defiance was […]

  • Elon Musk Called ESG a Scam – Did Tesla Chief Do Investors a Favour?

    Investing typically uses a combination of head, heart, and gut, even though it’s not supposed to. And perhaps no market theme evokes “all the emotions” like ESG. This week, a major decision to remove Tesla from a closely tracked environmental, social and governance (ESG) index drew anger and relief in almost equal measure. Defiance was […]

  • Musk says ‘Tesla is on my mind 24/7’ amid concerns over Twitter distraction

    SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7” trying to assuage public concerns. investors about being distracted by a Twitter (TWTR.N) deal that depressed stocks of the electric car company. Posting a photo showing a woman (Tesla) upset by her boyfriend (Elon) […]

  • Cathie Wood has a simple answer to Tesla’s exclusion from an S&P 500 ESG index: ‘Ridiculous’

    Cathie Wood isn’t thrilled that one of her most popular investments, Tesla Inc., is being left out of a leading index that tracks environmentally and socially responsible companies. “Ridiculous,” was essentially Wood’s terse response to the news that the S&P 500 ESG Index dropped Elon Musk’s electric vehicle maker Tesla TSLA. -6.80% of its range, […]

  • Tesla removed from S&P 500 ESG index, angering Musk

    May 18 (Reuters) – S&P Dow Jones Indices has removed electric car maker Tesla Inc (TSLA.O) from its widely followed S&P 500 ESG Index (.SPXESUP), citing issues including allegations of racial discrimination and crashes linked to its Autopilot vehicles, a move that prompted harsh tweets from Tesla CEO Elon Musk on Wednesday. The back and […]

  • Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

    General view of the Microsoft Corporation headquarters in Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles Platiau Join now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – British startup Wayve said on Wednesday it would use supercomputer infrastructure designed for the company by its investor Microsoft (MSFT.O) to process large amounts […]

  • Allianz to pay $6 billion in US fraud case, fund manager charged

    NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) has agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud following to the collapse of its Structured Alpha funds earlier this year. Covid19 pandemic. Allianz’s settlements with the US Department of Justice and the […]

  • Nasdaq drops more than 3% as US inflation data provides little relief to investors

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on first quarter revenue slump, net loss Indices: Dow down 1%, S&P 500 down […]