Daily Management Review
Business & Finance

Carl Icahn's investment fund unexpectedly ends Q4 with a loss

The investment vehicle owned by billionaire Carl Icahn, Icahn Enterprises LP, surprised analysts by reporting a net loss for the fourth quarter of 2023. In contrast to $255 million, or 74 cents per unit, a year earlier, the corporation reported a net loss of $139 million, or 33 cents each...

Tesla to start delivering Roadster sports car in 2025

Tesla CEO Elon Musk said on social media platform X that the company will begin shipping its Roadster electric sports car in 2025. "Today we have fundamentally changed the design goals for the new Tesla Roadster," Musk stated. "If this vehicle qualifies as an automobile at all, it will have no...

CEO Of Google Deems Certain Results "Unacceptable" And Is Striving To Repair Gemini AI

In a memo to staff on Tuesday, Google CEO Sundar Pichai stated that the company is trying to address issues with its Gemini AI tool. He claimed that certain text and image replies produced by the model were "biassed" and "wholly unacceptable."     The corporation had stopped using its...

Beyond Meat Surges As Cost-Cutting Measures And Pricing Increases Compress Heavily Shorted Shares

In premarket trading on Wednesday, shares of Beyond Meat shot up 56% as the company, which makes plant-based meat, gambled on price increases and drastic cost reductions to boost its battered margins and put pressure on its heavily shorted shares.   The data and analytics company Ortex...

Chip Companies From Taiwan Are Moving To Japan As China's Decoupling Quickens

As more and more Taiwanese chip businesses develop here, not only to support a new TSMC facility but also because they are thrilled about the Japanese sector's prospects, Japan's efforts to restore its semiconductor industry are receiving a boost.   The surge coincides with the global chip...

S&P Global may buy analytics platform Visible Alpha for $500M

According to the Financial Times, which cites unnamed sources, the US-based S&P Global Inc. is close to paying more than $500 million to acquire the analytics platform Visible Alpha from a group of investment banks that includes Goldman Sachs Group Inc., Jefferies Financial Group, and UBS Group....

Zee Entertainment Of India Wants To Resurrect A $10 Billion Merger With Sony: Reports

The $10 billion merger deal between India's Zee Entertainment and Japan's Sony Group was cancelled on January 22. The Indian business daily Economic Times reported on Tuesday, citing persons with knowledge of the situation, that Zee Entertainment is making a last-ditch effort to resume talks....

FT: Evergrande’s liquidators may sue PwC

The Financial Times, citing its own sources, stated that the liquidators of China’s Evergrande, one of the country's biggest real estate developers, are getting ready for a potential court battle with auditor PricewaterhouseCoopers (PwC). The sources clarified that this does not imply that a...

The Potential Impact Of A Second Trump Term On US Energy Policy

According to Republican policy experts and Trump's campaign website, if former US President Donald Trump were to return to power following the November election, he would attempt to erase much of the Biden administration's work to combat climate change and begin fresh initiatives to expand the...

Uber announces the first in its history buyback for $ 7 billion

Uber Technologies, an American company that offers food delivery and taxi services, has launched its first-ever share buyback program. It will come to $7 billion, the business said in a news release. "The endorsement of our initial share repurchase initiative is an indication of trust in the...
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