Abrdn boss Stephen Bird plots digital assets push: ‘Expect to hear more from me on this’

Abrdn boss Stephen Bird plots digital assets push: ‘Expect to hear more from me on this’

Abrdn is on the cusp of making its first foray into digital assets — a segment of the non-traditional finance market that is fast becoming an attractive target for the global fund management sector. “You can expect more from me very shortly on this,” Abrdn CEO Stephen Bird told Financial News when asked about plans … Read more

Tesla, Ford attract new investments from George Soros’s fund

Tesla, Ford attract new investments from George Soros’s fund

Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ended in June, the filing … Read more

SoftBank to Reduce Alibaba Stake, Expects $34 Billion in Gains

SoftBank to Reduce Alibaba Stake, Expects  Billion in Gains

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/softbank-to-reduce-alibaba-stake-expects-34-billion-in-gains-11660127787

Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty

Elon Musk Sells Nearly  Billion Worth of Tesla Stock Amid Twitter Uncertainty

Elon Musk sold nearly $7 billion worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his $44 billion deal to buy Twitter Inc. Mr. Musk, Tesla’s chief executive and largest shareholder, sold around 7.9 million shares between Friday and Tuesday, the disclosures show, leaving him with a 15% … Read more

Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official … Read more