Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund.The announcement Tuesday followed the signing of a memorandum of understanding between BlackRock’s Saudi division and the PIF with the…

Just 15 years into its existence, Bitcoin (BTC-USD) has catapulted from a niche cypherpunk computer project to a global powerhouse, valued by the market at $1.2 trillion. With the increase in valuation and market interest comes an increase in the amount of proxies and derivatives available to speculators. One such…

Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO’s email to senior managers.Rebecca Tinucci, senior director of the electric vehicle maker’s Supercharger business, and…

Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation.The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter, the Labor Department reported Tuesday. That was higher than 0.9% in the fourth quarter of 2023 and…

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Check out the companies making headlines in premarket trading: Tesla — Shares rocketed more than 10% during premarket trading after the electric vehicle company said on Sunday that local Chinese authorities removed restrictions on its cars , raising expectations that Tesla’s driver-assistance software Full Self-Driving would soon be available in…

Amazon says it is getting even more packages to customers in one day or sooner, a metric the e-retailer is promoting to customers as it faces heightened competition in online shopping.The company said on Monday that nearly 60% of orders placed through Prime in the top 60 U.S. metro areas…

Hertz Global Holdings (NASDAQ:HTZ) (HTZWW) is in financial trouble because of two very irrational decisions by management – massive stock repurchases and electric vehicle purchases. When you add in much higher interest rates over the last two years and lower used vehicle prices, you get a plunging HTZ stock price.…

After three decades researching human hope and happiness, I discovered a method you can use to measure your happiness. It’s based on this simple equation: Hope ÷ Hunger = HappinessThis math formula — hope divided by hunger equals happiness — says that the more hopeful and less hungry you are, the…

Meredith Tabbone first decided to buy and renovate a cheap home in Italy to reconnect with her family history. More than four years and nearly half a million dollars later, her 1-euro home journey has given her a new perspective on work, life, friendships and happiness.Tabbone, 44, is a financial…