All articles tagged with #technology investments
Originally Published 3 months ago — by The Mirror US
Elon Musk has become the first person to amass a personal fortune exceeding $500 billion, driven by surges in Tesla and his other ventures, solidifying his position as the world's richest person amid rising valuations and strategic business moves.
Originally Published 2 years ago — by Yahoo Finance
General Motors (GM) plans to increase its dividend by 33% and repurchase $10 billion of shares, its largest-ever buyback plan, in an effort to boost investor interest in a stock that has slumped this year due to faltering technology investments. Despite high interest rates and capital burdens from its electric-vehicle efforts, GM aims to demonstrate its ability to generate significant cash while investing in technology. The company also reinstated its 2023 earnings guidance, which is slightly below its previous range, and plans to offset added labor expenses through greater efficiencies and cost cuts. GM's stock surged 9.5% following the announcement.
Originally Published 2 years ago — by The Information
President Biden's recent executive order restricting American investments in China could impact Chinese investment firms whose leaders are U.S. citizens or green-card holders. The order prohibits U.S. citizens and permanent residents from investing in sensitive technology areas crucial to China's military and intelligence sectors, including semiconductors, quantum computing, and artificial intelligence.