Blackstone Inc, the world’s largest private equity firm, said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected 12% year-on-year owing to a decline in asset sales from its real estate business. Distributable earnings, which represents the cash available to pay dividends to shareholders, fell to $1.2 billion in the quarter, from $1.4… Continue reading PE giant Blackstone’s Q3 profit drops 12% on weak real estate asset sales
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You can add your driver’s license to Google Wallet in three more states now
SOPA Images/Contributor/Getty Images Google Wallet is creeping closer to replacing your physical wallet. After adding support for driver’s licenses in the state of Maryland last year, Google included transit passes, company IDs, and health insurance cards earlier this year. And now three more states are joining in. Starting today, users in Arizona, Colorado, and Georgia… Continue reading You can add your driver’s license to Google Wallet in three more states now
Toyota signs deal with Tesla for NACS and Supercharger access
Toyota announced that it signed a deal with Tesla to adopt the NACS connector and get Supercharger access for its future EV owners. NACS has already become the defacto standard for EV connectors in North America. It took a while, but too many automakers have announced that they will adopt it, on top of the… Continue reading Toyota signs deal with Tesla for NACS and Supercharger access
Tesla hints at making a new ‘Plaid’ top performance Model 3
Tesla hints at making a new “Plaid” top performance Model 3 in its updated owner’s manual for the Highland version of the electric sedan. The situation around the Model 3 is frustrating for North American buyers as Tesla updated the popular electric sedan with the new Highland version last month, but it is only available… Continue reading Tesla hints at making a new ‘Plaid’ top performance Model 3
Tesla pumps the brakes on Gigafactory Mexico
Tesla has now confirmed that the reason why we haven’t seen a groundbreaking at Gigafactory Mexico yet is because the automaker is pumping the brakes a bit on the project. After months of rumors, Tesla finally announced Gigafactory Mexico during its Investor Day in March. The automaker secured a piece of land just outside of Monterrey, Nuevo León, to… Continue reading Tesla pumps the brakes on Gigafactory Mexico
Toyota and Lexus join the Tesla charging connector bandwagon
/ The world’s top-selling automaker announced it’s adopting Tesla’s NACS plug for EV charging, following Ford, GM, Honda, and, most recently, BMW. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this… Continue reading Toyota and Lexus join the Tesla charging connector bandwagon
SoftBank’s VC fund to sell $123m stake in India’s Zomato: reportIn August, SoftBank’s Vision Fund sold a 1.17% stake in Zomato.
SoftBank’s venture capital fund SVF Growth, Singapore, will sell a 1.1% stake in Indian food delivery firm Zomato for 10.24 billion rupees ($123.24 million), CNBC TV-18 reported on Thursday, citing sources. SVF Growth will sell the stake at an offer price of 109.4 rupees to 111.65 rupees per share, a 2% discount to its current market price at the lower end,… Continue reading SoftBank’s VC fund to sell $123m stake in India’s Zomato: reportIn August, SoftBank’s Vision Fund sold a 1.17% stake in Zomato.
Singapore’s Keppel Corp appoints Kevin Chng as new CFO
Singapore’s Keppel Corp said on Thursday it has appointed Kevin Chng as its new chief financial officer (CFO), effective Jan. 1, 2024. Chng, who is currently the deputy CFO, will succeed Chan Hon Chew, who will retire by the end of the year, after having served as the company’s finance chief for about 10 years, according to… Continue reading Singapore’s Keppel Corp appoints Kevin Chng as new CFO
Amazon eliminated plastic packaging at one of its warehouses
/ Amazon’s promise to quit plastic packing has materialized at one facility in Ohio, but the company provides no timeline for a nationwide rollout. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge.… Continue reading Amazon eliminated plastic packaging at one of its warehouses
Sam Altman Warns That AI Is Gonna Destroy a Lot of People’s Jobs
“I’m not afraid of that at all. In fact, I think that’s good.” Rinse Cycle OpenAI CEO Sam Altman, whose company makes that one chatbot your boss has probably considered replacing you with, warns that the advancement of AI means that a lot of people are going to lose their jobs. Spoiler: he doesn’t sound like… Continue reading Sam Altman Warns That AI Is Gonna Destroy a Lot of People’s Jobs