Tag : Bloomberg

Technology

Apple surpasses $3 trillion market cap, a historic milestone

omandailynews.com
Apple Inc. made history yet again, achieving a market capitalization of $3 trillion on Friday, marking another significant milestone in the company’s growth. This is a testament to the robust investor confidence in Apple’s diverse portfolio of products and services, despite recent warnings from the company of potential revenue declines.......
Business

Credit Suisse and UBS are in talks to merge – FT

omandailynews.com
UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland’s two biggest lenders meeting separately this weekend, the Financial Times reported. The Swiss National Bank and regulator FINMA are organizing the talks to build confidence in the country’s banking sector, Reuters reported, citing sources. Swiss......
Business

Musk loses $12 billion in a day after slamming S&P ESG rankings

omandailynews.com
Tesla’s share price collapsed erasing a large chunk of the wealth of the world’s richest man Elon Musk. Musk’s net worth has dropped to $218 billion as Tesla’s shares are down 6.8%, according to Forbes. Musk’s wealth has been diminishing due to recent comments about politics and the removal of......