Tesla Marks the Latest High-Profile Bet for Saudi Wealth Fund
August 21, 2018

Saudi Arabia’s purchase of a stake of about $2 billion in Tesla Inc. is only the latest high-profile investment by its sovereign wealth fund since 2016.

The Public Investment Fund built up a less-than 5 percent stake in the electric Continue reading

Deutsche Bank Cuts Costs Again. Not Even Fruit Bowls Are Safe
August 20, 2018

The list of perks at Deutsche Bank AG is shrinking fast.

Investment bankers at Germany’s largest lender have been told to travel coach class on trains; fewer are able to attend conferences and some former employees said severance pay was Continue reading

Tesla shares soar after Elon Musk floats plan to take company private
August 16, 2018

Musk tweets plan as it emerges Saudi Arabia has built up $2.9bn stake in tech giant

Elon Musk has launched a campaign to take Tesla private on a day that included several provocative tweets, a suspension (and resumption) of trading Continue reading

Amazon Removes Nazi-Themed Items After Complaints
August 15, 2018

(AP) — Amazon says it has removed items with Nazi or white supremacist symbols from its website after criticism from advocacy groups.

An Amazon executive said the company blocked the accounts of some retailers and might suspend them.

Democratic U.S. Continue reading

Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake
August 12, 2018

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth.

Separately, Saudi billionaire Prince Alwaleed Bin Talal said he invested Continue reading

Godfather of GMOs Wants Consumers to Be Less Afraid of His Food
August 5, 2018

Three decades ago, Robert T. Fraley helped invent the genetically modified seeds that have become a $17 billion global industry and ushered in a new era of agricultural productivity. So it’s little surprise that this longtime Monsanto Co. executive doesn’t Continue reading