Author: Press Room

Could Wall Street’s love affair with Elon Musk be over? Six months ago Tesla (TSLA) shares were flying high. The company was valued at $1.1 trillion — more than a dozen other top automakers combined — and announcing plans for a proposed stock split. Then Musk disclosed he had become the largest investor in Twitter (TWTR), followed shortly by an announcement of his plans to buy control of the social media company. Things haven’t been the same for Tesla shares since. And although Musk’s efforts to buy — then avoid buying — Twitter, have raised investor concerns about a loss…

Hungarian premier Viktor Orbán has warned that Germany’s planned €200bn energy support package amounted to “cannibalism”, threatening European Union unity at a time when member states were under severe economic stress because of Russia’s invasion of Ukraine.Orbán on Monday echoed surprise and criticism from other EU member states complaining the uncoordinated borrowing package unveiled by Berlin on Thursday risked distorting fair competition within the bloc.“It came as a bombshell when Germany announced it was in a position to help its own companies with hundreds of billions of euros,” Orbán said at a press conference, complaining that there was no EU…

US stocks rallied on the first day of the fourth quarter, notching their largest daily increase since August after the UK government on Monday reneged on its plans for an unfunded tax cut that had spooked investors and roiled bond markets.Wall Street’s benchmark S&P 500 share index closed up 2.6 per cent, while the technology-heavy Nasdaq Composite added 2.3 per cent. Both indices recorded their biggest daily increases since August.US stock indices have had a bruising year to date, with declines over each of the three quarters to September in the longest quarterly losing streak since 2008. “What we’re seeing…

Brussels and London will this week resume talks over the contentious Northern Ireland Protocol after an eight-month break, the European Commission has confirmed.”There will be technical-level talks, discussions, exchanges already this week, the details of which, of course, need to be worked out,” Commission spokesman Daniel Ferrie told reporters on Monday.”The EU is committed to joint efforts, committed to finding joint solutions. We need to find the solutions to bring predictability, certainty to people in Northern Ireland,” he added. The last technical talks between the two sides were held in mid-February and both the EU and UK have since launched legal…

Spain is the only European country that still has COVID restrictions in place for non-EU travellers this month.The popular destination dropped all entry rules for anyone arriving from the EU or Schengen area.But UK, US and other tourists need to show proof of full vaccination, recovery from COVID-19, a negative antigen test result (taken in the 24 hours before departure) or a negative PCR test (taken in the 72 hours before departure).Health screening is in place at all Spanish airports and ports to ensure passengers comply with these rules, which are set to stay until at least 15 November. With…

Another day, another model-approved ugly shoe. Over this past fashion month, Bella Hadid has been relying on her Hoka Hoparas, which retail for a sweet $135. The style is a piece of Franken-footwear: a cross between a sandal–thanks to its plentiful cut-outs!–and a sneaker. I like to think of it as a “holey shoe,” or even a “shoe skeleton.” Either way, it is chic in, you know, that ugly way. The upper, with a rubberized toe cap, has little ridges that are reminiscent of the texture on a Louis Vuitton Epi bag. It opens at the back to reveal the…

Jamie Carragher called Rio Ferdinand a Cristiano Ronaldo “fan boy” as the former England duo exchanged their views on the forward being left out of Sunday’s Manchester derby.Ronaldo watched Manchester United’s 6-3 defeat to City from the bench, with the five-time Ballon d’Or winner an unused substitute as head coach Erik ten Hag opted to give Anthony Martial game-time instead.With United trailing 4-0 at half-time, Ten Had said he did not bring Ronaldo on “out of respect” for his career, to which Sky Sports pundit and former United captain Gary Neville agreed, saying it “would have been an insult”. Premier…

Allowing Vogue in on her getting-ready process for the Vivier event, the star shared her favorite moments from Vivier’s presentation. “It was so cool to see all the amazing shoemakers actually making these luxurious shoes in your face, as well as the beautiful purses,” says Bailey. She also loved how chill it was compared to a paparazzi-filled show. “I loved the relaxed vibe—it felt like we were walking into a museum, with people just appreciating the art,” says Bailey.Bailey, of course, needed a statement fit for both of her Fashion Week events. At the Vivier presentation, she wore a teal,…

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Source: YouTube