India doesn’t expect Tesla to move forward with an investment in the country any time soon. Why? Executives at Elon Musk’s electric carmaker have stopped contacting them, according to people familiar with the matter. Musk’s team hasn’t made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April, the people said, asking not to be identified because they’re not authorized to speak publicly. The government is given to understand that Tesla has capital issues and doesn’t plan on pledging fresh investment into India in the near future, they said. Read more: https://lnkd.in/ed2Fuxpb
About us
FORTUNE is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. We drive the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders—and gives them the tools to make business better.
- Website
-
http://www.fortune.com
External link for Fortune
- Industry
- Book and Periodical Publishing
- Company size
- 201-500 employees
- Headquarters
- New York, NY
- Type
- Privately Held
Locations
-
Primary
40 Fulton Street
New York, NY 10038, US
Employees at Fortune
Updates
-
Fortune reposted this
Jeff Bezos doesn't like the phrase "work-life balance." In a 2018 interview with Mathias Döpfner, the CEO of Axel Springer, Bezos said he views work and life as a circle rather than something to be balanced. "I get asked about work-life balance all the time. And my view is: That's a debilitating phrase because it implies there's a strict trade-off." Here are five tips for ensuring work burnout doesn’t squash the romance in your life: bit.ly/3W63pAA
-
The Enhanced Games, a planned Olympics-style event that welcomes doping and is backed by billionaire Peter Thiel, is in talks to raise around $300 million. The London-based company held initial talks with several potential investors, including sovereign wealth funds, for a mixture of debt and equity financing ahead of its first competition next year, co-founder Christian Angermayer said in an interview. He declined to share further details on the terms. The concept has been slammed by the International Olympic Committee and anti-doping authorities as a violation of fair play and dangerous for athletes’ health. Most sports leagues and federations globally ban performance-enhancing drugs. Read more: https://lnkd.in/e6X89duV
Peter Thiel’s doping-friendly Olympics alternative—the Enhanced Games—is in talks to raise $300 million
fortune.com
-
#BrainstormTech is excited to welcome Aloe Blacc, cofounder and CEO of Major Inc, to our conference on July 15–17. See our full list of speakers here 👉 bit.ly/4bHBxYQ
-
“Soccer is a community.” Making it to the Olympics is “a non-stop grind,” according to soccer star Lindsey Horan. The 30-year-old co-captain of the U.S. Women’s National Team is gearing up for her third Olympics this summer after helping her team earn a bronze medal at the 2020 Tokyo Games. Now in her third Olympics, Horan will lead the 18-player roster, announced just last week, in Paris as the team aims to recapture a gold medal, one the U.S. has not seen since 2012. As Horan sets her sights on this month’s Olympic Games, she’s leading the youngest U.S. women’s team since the 2008 Beijing Games. bit.ly/3W8SSET
-
Mark O’Hare, the founder of Preqin, is bringing his staff along for this ride after cashing in his 21-year bet. O’Hare and his wife Lindy will become billionaires after selling their financial data company to BlackRock for £2.55 billion ($3.2 billion). O’Hare, 65, founded Preqin in 2002 to source and sell data on the performance of private equity investments. Preqin is one of several private data companies that have enjoyed bumper valuations in recent years. The company’s path to an acquisition tracked rivals like PitchBook, which Morningstar acquired for $225 million. Read more: https://lnkd.in/eakVHZXB
U.K.’s latest billionaire shares $650 million with employees after selling data company
fortune.com
-
It’s official. Rishi Sunak is no longer prime minister of the U.K. But Sunak, who is technically richer than the King of England and has a past as a high-flying London banker, can prepare for a few more lucrative perks as he steps away from a life of service. Read more: https://lnkd.in/eqm42gc6
Rishi Sunak awaits a multimillion-dollar payday after losing his $177,000 PM gig
fortune.com
-
Fortune reposted this
It may feel like the lazy days of summer, but not for investors. We’re actually smack dab in the middle of what is historically the best-performing stretch of the year for the S&P 500. Check out Fortune's latest investing intel here: https://lnkd.in/eQKhwY7g
-
Fortune reposted this
On today's 30th anniversary of Amazon's founding, I wrote about Jeff Bezos, Andy Jassy, and Amazon's continued pursuit over the next 30 years of magic... or, as the company was originally called when it was first incorporated: Cadabra. I hope you'll take a read at Fortune:
Jeff Bezos, Andy Jassy, and the next 30 years of cadabra
fortune.com
-
Chase Bank customers may have to start paying for their bank accounts. The Wall Street Journal reports the country’s biggest retail bank is warning that it might begin charging customers for their accounts. That would impact some 86 million customers. The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit. Read more: https://lnkd.in/eFP6DRBg
'Free' checking might come with a charge soon, warns Chase
fortune.com