Elon Musk claims Tesla Roadster will have 0-60mph time under 1s

The long-delayed second-generation Tesla Roadster could more outrageous than the concept shown way back in 2017. Overnight Elon Musk made some proclamations about the new car in a series of tweets on the site formerly known as Twitter. The Tesla CEO started off by saying, “Tonight, we radically increased the …

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Mitch McConnell to step down as Senate Republican leader in November

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mitch McConnell, the longest-serving Senate leader in US history who has played a pivotal role in Washington for decades, will step down from his post as the Republican minority leader …

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Robinhood rival Webull to go public in $7.3bn Spac deal

US GDP: Economists expect the second estimate for fourth-quarter economic growth to come in at 3.3 per cent, unchanged from the advance figure, and down from a 4.9 per cent increase in the third quarter. Salesforce: The cloud-based software company’s revenue is expected to jump nearly 10 per cent in …

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Cocoa markets up 150% YoY, Hershey stock pressured

© Reuters. Cocoa markets up 150% YoY, Hershey (HSY) stock pressured Analysts at Citi said in a note Wednesday that Cocoa markets are up 150% year-on-year and 60% year-to-date to a record price range of around $6,500/t. The rise has weighed on stocks such as Hershey Foods (HSY) and Nestle. …

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Mitch McConnell to step down as leader of Senate Republicans

US GDP: Economists expect the second estimate for fourth-quarter economic growth to come in at 3.3 per cent, unchanged from the advance figure, and down from a 4.9 per cent increase in the third quarter. Salesforce: The cloud-based software company’s revenue is expected to jump nearly 10 per cent in …

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Sberbank posts record profits on Russian mortgage rush

Stay informed with free updates Simply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox. Russia’s largest state-owned lender Sberbank recorded the highest profit in its history last year thanks to a surge in lending, underlining the recovery of the country’s financial sector …

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