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Elon Musk Sells More Tesla Stock—Bringing Total Sales To More Than $8 Billion This Week

Elon Musk Sells More Tesla Stock—Bringing Total Sales To More Than $8 Billion This Week

Topline As he looks to finance his massive acquisition of social media company Twitter, Elon Musk sold another 5.2 million shares of Tesla for roughly $4.5 billion, bringing his total share sales this week to nearly 10 million, according to new filings with the Securities and Exchange Commission released on Friday. Musk offloaded another 5.2 …

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After expanding in 2021, fast fashion may be squeezed again

After expanding in 2021, fast fashion may be squeezed again

H&M and Inditex had a good year but face familiar challenges AMERICAN CONSUMERS are feeling flush. On February 15th the Commerce Department reported that the country’s shoppers spent 3.8% more in January than they had in December, unfazed by spiking inflation and covid-related uncertainty. That was the fastest monthly rise in nearly a year. Some …

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Publisher Correction: Bio-leather gears up to wow fashion industry

Publisher Correction: Bio-leather gears up to wow fashion industry

In the version of this article initially published, there was a misstatement regarding the production of Modern Meadow’s leather alternatives. The company uses plant-based proteins for these products, and not fermentation. Descriptions have been amended in the first, fourteenth and fifteenth paragraphs, and in Table 1. The changes have been made to the HTML and …

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Modular specialist wins £100m London hotel and office scheme

Modular specialist wins £100m London hotel and office scheme

Offsite modular specialist Elements Europe has landed a £100m deal to build a hotel and office scheme in Hackney, London. The development is located on East Road and will feature a 17-storey modular hotel build, constructed in a volumetric fashion, which means that large chunks of factory-produced elements will be assembled on site. The property …

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Lakshmi Mittal transformed steelmaking. Can his son do it again?

Lakshmi Mittal transformed steelmaking. Can his son do it again?

LAKSHMI MITTAL has two passions: the steel industry and his family. His embrace of the first turned a poor boy from Rajasthan into the “Carnegie from Calcutta”, a man who built the world’s second-biggest steel empire from scratch, culminating in a takeover in 2006 of Arcelor, a European champion. The second sometimes sounds like tabloid …

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Neil Parish resigns after admitting watching porn in parliament

Neil Parish resigns after admitting watching porn in parliament

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access …

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The Rock Compared His Wax Figure’s ‘Assets’ to Sculpted Neighbor Khloe Kardashian

The Rock Compared His Wax Figure’s ‘Assets’ to Sculpted Neighbor Khloe Kardashian

Gabe GinsbergGetty Images Dwayne “The Rock” Johnson recently visited his Madame Tussauds wax figure in Las Vegas for the first time, checking out his twinning wax statue. While the resemblance was predictably uncanny, the buff actor had just one critique after viewing his waxy neighbor Khloe Kardashian: “Gimme some glutes!” After making an appearance at …

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