Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows
  • June 3, 2025

Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows

The automaker, which has been losing market share in part because of CEO Elon Musk's embrace of far-right politics in Europe, sold 1,758 units in Britain last month, down from 3,244 a year earlier, the data showed. Yet, Tesla remained the best-selling battery electric vehicle in Britain so far this year. Overall new car registrations in the UK increased 4.3% to 144,098 units in May, according to New AutoMotive, with BEV sales rising 28% year-on-year.

Buffett Inspires Retail Investors to Bet on Japan Trading Houses
  • June 3, 2025

Buffett Inspires Retail Investors to Bet on Japan Trading Houses

(Bloomberg) -- Japan’s retail investors have started to place their bets on trading house stocks, heavily backed by Berkshire Hathaway Inc.’s legendary investor Warren Buffett, eyeing strong business models and stellar shareholder returns.Most Read from BloombergWhere the Wild Children’s Museums AreBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryThe Global Struggle to Build Safer CarsAt London’s New Design Museum, Visitors Get Hands-On AccessLA City Council Passes Budget That Tri

NYSE Arca submits filing for listing of Truth Social Bitcoin ETF
  • June 3, 2025

NYSE Arca submits filing for listing of Truth Social Bitcoin ETF

In February, the Trump Media and Technology Group applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors. U.S. President Donald Trump is the majority owner of TMTG, which runs the social media platform Truth Social. The filing, known as a Form 19b-4, is a requirement that organizations such as stock exchanges submit to the U.S. Securities and Exchange Commission to propose a rule change or to list a new product.

Trading Day: Market inflection points abound
  • June 3, 2025

Trading Day: Market inflection points abound

In my column today I look at why foreign investors' exposure to U.S. assetsmay not be as high as feared. It is widely believed that investors around the world have a disproportionately high exposure to U.S. assets, particularly stocks, an imbalance that could roil U.S. markets if corrected.

BlackRock removed from Texas boycott list after quitting climate groups
  • June 3, 2025

BlackRock removed from Texas boycott list after quitting climate groups

(Reuters) -Texas on Tuesday removed BlackRock from a list of companies seen as boycotting the energy industry, a step the New York asset manager won only with steep cuts to its climate ambitions. Texas Comptroller Glenn Hegar said the decision reflected BlackRock's retreats from industry climate groups like the Net Zero Asset Managers initiative.