{
}
Rivian Automotive, Inc. will have its Founder and CEO RJ Scaringe participate in a fireside chat at the UBS Auto & Auto Tech Conference on June 4, 2025, at 8:50 AM ET. A live webcast of the event will be available for viewers. Rivian focuses on developing electric vehicles and related software, aiming to facilitate the transition to zero-emission transportation while preserving the environment.
Indian family businesses exhibit a strong intent for succession, with 79% planning to pass their enterprises to family members, the highest in Asia. Trust levels between generations are also notable, with 95% of inheritors feeling trusted by their predecessors. However, 45% of entrepreneurs do not expect their children to take over, indicating a shift towards alternative aspirations.
In February, the valuation of MuskIt plummeted from $500 million to under $1.5 million, while Errol Musk is pursuing plans for a Musk Tower in Dubai, seeking $150-$200 million through his cryptocurrency. During a recent trip to the Gulf, Elon Musk secured deals for SpaceX and Neuralink, highlighting the intertwining of business interests and foreign policy. His family, including Kimbal and Maye Musk, is also involved in various ventures in the region, further solidifying their ties to Gulf monarchies.
Justine Musk, Elon Musk's first wife, shared insights on the complexities of becoming a billionaire, emphasizing that determination alone is insufficient. She highlighted the necessity of resilience, risk tolerance, and a focus on understanding the world's needs over personal desires. Money is earned through providing value that transforms culture, not merely through hard work or desire.
UBS has upgraded United Airlines' stock rating from Neutral to Buy, raising the price target to $105 from $67, driven by expectations of a rebound in corporate travel and strong international revenue. The airline, valued at $25.45 billion, reported $57.74 billion in revenue over the past year and has shown robust operational metrics, including an EBITDA of $8.5 billion. Additionally, United is investing in aerospace startup JetZero and exploring a partnership with JetBlue, while also facing challenges such as flight cancellations due to geopolitical tensions.
UBS has upgraded United Airlines' rating from Neutral to Buy, raising the price target from $67 to $105, reflecting optimism about a recovery in business travel and strong international revenue. The airline, valued at $25.45 billion, has shown robust profitability with $57.74 billion in revenue and $8.5 billion in EBITDA over the past year. Additionally, United is pursuing strategic investments, including a partnership with JetZero for new aircraft and discussions with JetBlue for improved customer connections, while also navigating challenges such as flight cancellations due to geopolitical tensions.
UBS analyst Thomas Wadewitz upgraded United Airlines shares from Neutral to Buy, raising the price target to €105 from €67, citing a positive outlook for business travel recovery and strong international revenue. The airline, valued at €25.45 billion, reported revenues of €57.74 billion and solid operating indicators, including an EBITDA of €8.5 billion. Recent developments include a significant investment in aerospace startup JetZero and discussions for a partnership with JetBlue Airways, alongside challenges such as flight cancellations due to geopolitical tensions.
Freshworks reported a revenue of $196.27 million for the quarter, exceeding analyst estimates, but posted a negative net margin of 13.24% and a negative return on equity of 6.63%. Insider transactions included sales by Mika Yamamoto and Zachary Nelson, with 19.15% of the stock owned by insiders. Analysts maintain a "Moderate Buy" rating, with target prices ranging from $19.00 to $25.00.
Justine Musk, Elon Musk's ex-wife, shared insights on the complexities of becoming a billionaire, asserting that sheer determination is insufficient. She emphasized the need for resilience, risk tolerance, and a focus on understanding the world's needs rather than personal desires. Money is earned through providing value that transforms culture, not merely through hard work or entitlement.
Startups & Entrepreneurship
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Rivian CEO to Speak at UBS Auto and Auto Tech Conference
22:06 20.05.2025
Indian family businesses lead Asia in succession planning and intergenerational trust
14:11 20.05.2025
elon musk and family secure deals in the gulf amid cryptocurrency struggles
11:01 20.05.2025
justine musk shares insights on the path to billionaire status
02:30 20.05.2025
ubs upgrades united airlines stock rating to buy with price target of 105
11:05 19.05.2025
ubs upgrades united airlines to buy with price target of 105 dollars
United States Dollar
Jetblue Airways Corporation
United Airlines Inc.
IND
PAK
USA
Thomas Wadewitz
Show more
10:57 19.05.2025
ubs upgrades united airlines shares to 105 euros amid positive outlook
10:57 19.05.2025
freshworks reports revenue growth despite negative margins and insider stock sales
10:12 19.05.2025
justine musk shares insights on the path to billionaire status
17:01 18.05.2025
voyager technologies files for ipo amid rising defense spending in space
Trending
Subcategory
Countries:
Companies:
Currencies:
People: