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  Bloomberg Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost $40 billion. The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he’d occupied since September of last year. Tesla’s ...

  Bloomberg US equity-index futures and European stocks declined after the Federal Reserve rebuffed expectations for a dovish tilt and said interest rates will go higher for longer. Contracts on the S&P 500 and Nasdaq 100 gauges fell at least 1.1% each. Demand for haven assets sent the dollar and Swiss franc higher amid a wave of rate hikes from ...

Bloomberg United Airlines Holdings Inc agreed to buy 100 Boeing Co 787 Dreamliners as part of a multibillion-dollar order for as many as 300 new aircraft, revamping the carrier’s fleet with one of the largest plane deals in recent years. The pact includes 100 firm orders for the widebody model along with options to add another 100, the companies said ...

  Bloomberg Hong Kong’s High Court approved Hong Kong Airlines Ltd’s HK$49 billion ($6.3 billion) debt restructuring plan, boosting the carrier’s chance of survival after years of financial turmoil. At a hearing, Justice Jonathan Harris said the court was sanctioning a so-called scheme of arrangements for Hong Kong Airlines. Counsel for the carrier, which is backed by bankrupt Chinese conglomerate ...

  Bloomberg TUI AG agreed on a plan to repay a chunk of its bailout package from the German government, the latest sign of the travel sector’s recovery from the coronavirus pandemic. The pickup in travel means the company can repay most of the remaining aid by the end of 2023, TUI said in a statement. The repayments will be ...

  Bloomberg A fresh wave of train strikes has hit Britain’s retailers even harder than the omicron variant of Covid-19 that threatened to ruin Christmas last year, according to fresh data showing a steep drop in the number of shoppers. Almost 10% fewer people visited high-street stores— the first day of a string of strikes across the rail network — ...

  Bloomberg Taco Bell’s Gen Z diners increasingly want to eat chicken instead of beef. The Yum! Brands Inc chain said this creates an opportunity for Taco Bell to introduce more chicken-based items, especially for those younger customers. There’s also room for the Mexican-themed restaurant to boost sales with its breakfast and lunch businesses, said Mark King, chief executive officer ...

  Bloomberg Honest Co, the personal-care company founded by actress Jessica Alba, appointed former Amazon.com Inc and General Mills Inc executive Carla Vernón as its new chief executive officer. Vernón assumes the role starting from January 9 and will replace Nick Vlahos, who has led the company since 2017 and took it public last year. Vlahos will remain on Honest’s ...

Bloomberg Danske Bank A/S admitted to fraud and will pay $2 billion to end a long-running US probe into money laundering at its Estonia branch, helping draw a line under the worst scandal in the bank’s recent history. The Danish lender pleaded guilty to conspiring to commit bank fraud and admitted providing banking services to suspicious customers — including in ...

Bloomberg The European Central Bank (ECB) will let staff work remotely for 110 days a year — roughly half their time. The rules, which take effect from January 1, permit as many as 10 days a month away from desks. That’s stricter than the current system, under which employees must show up at the office at least eight days a ...