Business

Musk’s political baggage clouds prospects for SpaceX-Tesla deal

Musk’s political baggage clouds prospects for SpaceX-Tesla deal

A possible merger between Elon Musk's rocket company SpaceX and carmaker Tesla may face bigger obstacles from politics than from regulation, drawing scrutiny in Beijing and potentially igniting a battle between US President Donald Trump and the Democrats. Musk revived...

Why would Musk merge SpaceX and Tesla?

Why would Musk merge SpaceX and Tesla?

Elon Musk believes a merger between Tesla and SpaceX is a good idea, he said on Tuesday, publicly backing an idea that would create one of the most valuable companies in the world, worth about $3.5 trillion. While electric-vehicle maker...

Brutal session for chip stocks shows AI trade is turning

Brutal session for chip stocks shows AI trade is turning

A selloff in AI supplier shares on Tuesday is the strongest sign to date that the mood on the trade of the decade is shifting, with growing worries that rising interest rates could scupper a spending spree bigger than the...

How European stocks can weather higher energy prices

How European stocks can weather higher energy prices

The latest rise in oil and gas prices has renewed concerns about Europe's reliance on imported fuel and its potential impact on companies as winter approaches. Portfolio managers, however, say European listed companies overall are in a markedly different position...