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Tesla Reports $170 Million Impairment Loss on Bitcoin Investment By Investing.com

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© Reuters. By Senad Karaahmetovic In a 10-Q filing released today, Tesla (NASDAQ:) announced it recorded $170 million of impairment losses on its investment. This loss relates to the first nine months of this year. Tesla also reported gains of $64 million “on certain conversions of bitcoin into fiat currency by us.” In February last …

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Amid coal imports, government says production to touch 900 million tonnes this fiscal

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All efforts are being made by Coal India (NS:) Ltd (CIL) and its subsidiaries to achieve this goal, he said at a function here. The target is ambitious, considering the fact that CIL’s production in 2021-22 was 622 million tonnes. However what is more significant is the fact that owing to a huge spike in …

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Shale Mogul Daniel Rice, 41, to Reap $975 Million From BP Deal

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(Bloomberg) — A young US mogul may be taking home nearly $1 billion after a deal with oil giant BP (NYSE:) Plc.  Daniel Rice stands to receive about $975 million in cash from the sale of Archaea Energy Inc., a renewable gas giant he helped create from a blank check company, according to Bloomberg calculations …

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Carl Icahn Amassed a Stake in Twitter, Profit Could Exceed $250 Million

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© Reuters. By Senad Karaahmetovic Billionaire investor Carl Icahn amassed a stake worth well over $500 million in Twitter Inc (NYSE:) before Elon Musk’s u-turn yesterday sent shares soaring higher. The Wall Street Journal reports that Icahn was building a stake in Twitter in the past few months, therefore betting that Musk will acquire the …

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OPEC+ Considers Cut to Output Limit of as Much as 2 Million B/D

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(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. OPEC+ is considering a reduction in its production limit of as much as 2 million barrels a day, although the impact on global supply could be smaller.  The group may discuss a cut of that size, plus smaller reductions ranging from …

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OPEC+ Will Consider Output Cut of More Than 1 Million Barrels

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(Bloomberg) — The OPEC+ group of producers will consider cutting output by more than 1 million barrels a day when it meets in Vienna on Wednesday, according to delegates. A larger-than-expected reduction would reflect the scale of concern that the global economy is slowing fast in the face of rapidly tightening monetary policy. A stronger …

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XPeng CEO Buys Back 2.2 Million Shares By Investing.com

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© Reuters. By Michael Elkins  According to Chinese media, He Xiaopeng, founder and CEO of Chinese electric vehicle maker XPeng (NYSE:), purchased 2.2 million shares of the company’s American shares from the market. He paid almost US$30 million for the shares on the open market, on September 23rd, based on the average price of $13.58 …

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XPeng CEO Buys Back 2.2 Million Shares By Investing.com

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© Reuters. By Michael Elkins  According to Chinese media, He Xiaopeng, founder and CEO of Chinese electric vehicle maker XPeng (NYSE:), purchased 2.2 million shares of the company’s American shares from the market. He paid almost US$30 million for the shares on the open market, on September 23rd, based on the average price of $13.58 …

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​Boeing and Former CEO to Pay $200 Million and $1 Million to Settle SEC Charges By Investing.com

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© Reuters. By Davit Kirakosyan Today, The Securities and Exchange Commission charged The Boeing Company (NYSE:) and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements following crashes of Boeing airplanes in 2018 and 2019. According to the SEC’s orders, after the first crash, Boeing and Muilenburg knew that the Maneuvering Characteristics …

​Boeing and Former CEO to Pay $200 Million and $1 Million to Settle SEC Charges By Investing.com Read More »

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