Daily Management Review
Business & Finance

Rival Stock Suffers Less Damage Than Tesla As Both Miss EV Targets

Rivian Automotive narrowly missed its full-year production target of 25,000 vehicles in 2022, the firm said in a regulatory filing.   Rivian's shares fell nearly 6% to $17.34 prior to the Securities and Exchange Commission releasing the details of the filing, but there...

Tesla Makes Record Quarterly Deliveries But Falls Short Of Expectations

Tesla Inc reported record fourth-quarter production and deliveries, but it fell short of Wall Street expectations due to logistics issues, slowing demand, rising interest rates, and recession fears.   According to Refinitiv data, the world's most valuable automaker delivered 405,278 vehicles...

Regulator Of Bahamas Is Holding FTX Assets Until They Are Delivered To Customers And Creditors

The Bahamas Securities Commission announced on Thursday that it is temporarily holding FTX assets worth $3.5 billion based on market pricing at the time of transfer in order to deliver them to customers and creditors who own them.   The digital assets of FTX's Bahamas unit were transferred...

BP criticized for plans to increase oil and gas investment

The British BP’s plans to invest twice as much in oil and gas projects as in renewable energy have drawn criticism from the Green Party of England and Wales and Friends of the Earth, according to the Guardian newspaper. The publication notes that BP will set aside $7.5 billion per year for...

Dealmakers Struggle With An Unparalleled US Resistance To Mergers

Under US President Joe Biden, investment bankers and deal lawyers accustomed to regulatory obstacles to their mergers face an unprecedented challenge from antitrust watchdogs who are unfazed when they lose such legal battles.   According to a Reuters analysis of announcements from the...

Profit of China's large industrial enterprises falls by 3.6 percent in January-November

According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first 11 months of 2022 was 7.717 trillion yuan ($1.107 trillion), a decrease of 3.6 percent from the same period in 2021. Chinese companies in the extractive industry saw a...

Investors Granted Permission By Israeli Regulator To Launch A New Digital Bank

An entrepreneurial group was granted a conditional license and control permit by Israel's banking regulator on Sunday to launch a new online bank, the country's second in three years and the second to enter the highly consolidated banking market.   The new institution known as Esh Bank...

Gamers File A Lawsuit To Block The Microsoft-Activision Merger

Ten gamers are suing Microsoft to prevent the company from merging with Activision Blizzard, the company that makes Call of Duty. The Xbox console maker's acquisition of its rival for $69 billion (£56 billion), according to the lawsuit filed in a US federal court, will "create a monopoly in the...

TikTok Intensifies Efforts To Reach A U.S. Security Agreement

As it tries to persuade the U.S. government to permit it to continue being owned by Chinese technology company ByteDance, well-known short-video app TikTok is offering to run more of its business at arm's length and subject it to outside scrutiny, according to people familiar with the matter....

Elon Musk Pledges Not To Increase Sales Investors Are Not Calmed By Tesla Equities

In choppy trading on Friday, shares of Tesla Inc. hit a new two-year low as top executive Elon Musk's pledge to hold onto his Tesla stock for at least two more years failed to assuage investors.   Since the end of last year, Musk has sold shares in the most valuable automaker in the world...
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