Ken Griffin, CEO and founder of Citadel, has revealed himself as the winner of a $43.2 million auction for a rare copy of the US Constitution after outbidding crypto group ConstitutionDAO. ConstitutionDAO had managed to raise approximately $47 million in a week in a visionary attempt to win the rare document and put it on […]
Australian winemaker Penfolds has teamed up with BlockBar, a leading non-fungible token (NFT) marketplace for luxury beverages, to sell an NFT tied to a rare barrel of vintage wine. The digital token corresponds to a limited-edition barrel of wine made from vintage 2021, which is currently maturing. From the customers who sign up for the […]
Bertelli told an analyst presentation in Milan that he says three years because of his age, though insists he’s not anxious about it. He says he believes his son has “the right attitude” for the job, but “it will be up to him to decide” when to take over. Lorenzo, who currently stands as the […]
According to an announcement on Tuesday, which came just days after the end of the COP26 summit, a new Natrium nuclear power plant will be built in Kemmerer, Wyoming. It will replace a coal-fired plant that is set to shut its doors in 2025. “People across Wyoming welcomed us into their communities over the past […]
On Monday, investment firm Paradigm announced it was launching a $2.5 billion venture-capital fund. Paradigm was founded in 2018 by billionaire Coinbase co-founder Fred Ehrsam and Matt Huang who previously worked as a partner at Sequoia Capital. Paradigm’s new fund will be aimed at the “next generation of crypto companies and protocols” and will be […]
According to court filings on Monday, JPMorgan Chase filed a lawsuit against Tesla for $162.2 million, accusing Musk’s electric vehicle company of “flagrantly” breaching a contract related to stock warrants after its share price rocketed. JPMorgan claims that Tesla breached the terms of a contract that was signed between the companies about repricing the warrants. […]
The Trump International Hotel is a historic building near the White House. It is Washington’s second-tallest structure after the Washington Monument and is currently leased by the Trump Organization from the US government. According to The Wall Street Journal, CGI Merchant Group, which is in contract to acquire the lease, plans to rebrand the hotel, […]
Ford has teamed up with Purdue University to create a prototype of a cable that could fully charge an electric vehicle’s battery in just five minutes. While there is still work to be done, the cable could nonetheless help overcome the final major obstacles preventing the adoption of EVs from becoming mainstream. Currently, slow charging […]
The new sports utility vehicle is likely to be a successor to the manufacturer's current SUV, the G3 and the G3i. It's scheduled to be launched at the Guangzhou auto show on November 19. Following the news, Xpeng shares were up 10% in afternoon trade in Hong Kong. Xpeng currently sells two sedans, the P5 […]
Musk’s trust sold over 3.5 million shares worth over $3.88 billion in a flurry of trades on Tuesday and Wednesday. The transactions were not marked as 10b5, which means they were not scheduled sales. The financial filings show that Musk is also selling a separate block of shares in his company via a plan that […]
According to a report by Bloomberg Wealth, the $50 billion drop marks the largest ever two-day decline recorded in the history of the Bloomberg Billionaires Index. While Musk still maintains his spot as the world’s richest man, his loss has narrowed the gap between the Tesla CEO and Amazon founder Jeff Bezos, the second richest […]
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