Tesla Investor Group Says Overcommitted Musk Is Hurting EV Maker
A group of Tesla Inc. investors has accused the company of mismanagement and is seeking a meeting with its board to discuss the performance of Chief Executive Officer Elon Musk.
Bloomberg Business
Morgan Stanley’s Seth Carpenter Makes Case for a Soft Landing
With Fed hikes likely to end in May, policymakers realize the US economy is slowing down but hasn’t “fallen off a cliff,” he says.
Hungary Grain Lobby Urges Cabinet to Scrap Ukraine Import Ban
Hungary’s grain lobby criticized a government ban on agricultural imports from Ukraine, saying it would lead to shortages and undermine efforts to curb the European Union’s highest inflation rate.
ECB’s Makhlouf Warns It’s Too Early to Plan Pause in Rate Hikes
It’s too early for the European Central Bank to start planning for a pause in its rapid rate-tightening cycle given the significant challenges to price stability Europe’s economy is facing, according to Central Bank of Ireland Governor Gabriel Makhlouf.
Russian Arms Sales to India Stall on Fears Over US Sanctions
Russian deliveries of military supplies to India have ground to a halt as the countries struggle to find a payment mechanism that doesn’t violate US sanctions, according to Indian officials with knowledge of the matter.
Billion-Dollar Hedge Fund Startups Rise to Pre-Pandemic Levels
The biggest new hedge funds are raising more money, at levels not seen since before the pandemic, and the 2024 crop could include one of the largest startups in years.
Funds to Make Returns of As Much As 1,000% From Dead Bank
The Netherlands’s top court ordered the Dutch government to pay more than €805 million ($882 million) to holders of the bonds of a long-dead bank, paving the way for returns of about 1,000% for some funds.
Aviva Quits the CBI as Lobby Group Faces Second Rape Allegation
Insurer Aviva Plc has canceled its membership of the Confederation of British Industry, amid a widening scandal at the business lobby group.
Stocks, US Futures Struggle Amid Mixed Earnings: Markets Wrap
European stocks and US futures struggled for direction amid mixed corporate earnings and as traders parsed the latest data for clues on the outlook for inflation and economic growth.
Oil Hovers Just Above Level Where OPEC+ Announced Cuts
Oil’s slump slowed on Friday, hovering just above the level at which key producers in the OPEC+ alliance surprised traders with shock production cuts.