Business - Wednesday, April 22, 2026

Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Bloomberg's Dana Hull reports on how investors are reacting. (Source: Bloomberg)

Powell has accused the DOJ of targeting him for refusing to obey Trump's demand that the Fed sharply lower interest rates.

Figures fail to significantly buoy stock as firm admits ‘significant effort and hard work’ needed to achieve goals Tesla reported its first-quarter earnings on Wednesday, disclosing some better-than-expected results but faltering in some key areas. The report failed to significantly buoy Tesla’s stock, which has limped along this year while its CEO, Elon Musk, has tried to sell the company’s new vision of humanoid robots and self-driving robotaxis. Its core car business has struggled in the face of competition from Chinese counterparts and backlash against his close involvement with the Trump administration. “There remains significant effort and hard work to realize our mission of Amazing Abundance,” Tesla said in its report, while claiming that demand for its vehicles was rebounding. Continue reading...

The company is investing in robots and self-driving taxis that are not yet generating significant sales.

SK Hynix posted yet another quarter of record profit and revenue, as prices for its products continue to surge amid strong AI demand.

Ambition behind investing campaign is laudable, yet cutting stamp duty on share purchases, for example, would be much more savvy City firms bank on ‘savvy’ ad campaign to push Brits towards investing Red squirrel characters have a history in the public information game. Older UK readers may recall Tufty, who taught children about road safety in the 1970s . His chum, Willy Weasel, regularly got knocked down by passing cars but clever Tufty always remembered to look both ways. Now comes Savvy Squirrel, who, with backing from the chancellor and a multi-year lump of advertising spend from the financial services industry, will try “to drive a step-change in how investing is understood, discussed and adopted”, as the blurb puts it. In translation: don’t squirrel everything away in a boring cash Isa but try taking an investment risk or two if you value your long-term financial health. Continue reading...

Air miles are becoming a precious commodity as uncertainty grows about the outlook for ticket prices and the availability of flights.

Heidi O’Neill will join the maker of yoga pants and other athletic clothing in September.

Investors have been attuned to mainframe disruption threats from artificial intelligence, but IBM posted 51% growth in Z mainframe hardware revenue.

The campaign, fronted by a CGI squirrel, is part of government initiative to boost financial risk taking, amid fears UK growth is being stymied Nils Pratley: the ‘Savvy Squirrel looks a hit too tame’ City firms are pinning their hopes on a government-endorsed advertising blitz fronted by a finance “savvy” CGI squirrel to encourage cautious British savers to shift out of cash and start investing. The long-awaited retail investment campaign, which will cost up to £50m, is part of the chancellor Rachel Reeves’ nationwide push to encourage more financial risk taking, amid fears risk-averse consumers are losing out and ultimately stymying UK growth. Continue reading...