News

Tesla chair Robyn Denholm sells $33 million in stock

Denholm, who has been Tesla's board chair since November 2018, sold 112,390 securities in the automaker, according to the filing. Earlier this year, Denholm, alongside other Tesla directors, received court approval for a settlement worth up to $919 million that requires they return compensation to resolve allegations they overpaid themselves. The suit challenged director compensation at the automaker as excessive from 2017 to 2020 over the period of which Tesla surged, leading stock options received by directors to become worth hundreds of millions.

Factbox-The five cryptocurrencies Trump wants the US to hold in reserve

In a post on Truth Social on Sunday, Trump announced that his January executive order on digital assets would create a stockpile of XRP, SOL and ADA currencies, surprising traders by choosing three lesser-known tokens and sending their prices soaring. Later on Sunday, Trump added that bitcoin and ether, the two biggest cryptocurrencies, would be included in the reserve.

Republicans in Congress Turn Up Scrutiny of Fed as Inflation Persists

(Bloomberg) -- Congressional Republicans are ramping up scrutiny of the Federal Reserve, just as the central bank confronts stubborn inflation and broader questions about its role as a bank regulator.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4

Japan Small-Cap Fund Tops Rivals With Stocks Few Analysts Cover

(Bloomberg) -- Japan’s ongoing boom in mergers and acquisitions is helping to generate superior returns this year for a small-cap fund that focuses on companies that few equity analysts cover.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion