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Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.

The company is attempting to sell most of its remaining stock of Yeezy footwear at cost, instead of writing it off.

The billionaire justified the decision on the results of an unscientific poll run on his X account a day earlier.

GLP-1 injectable drugs like Ozempic and Wegovy made up a significant portion of the company’s annual sales.

Tesla shares dropped around 2% in after-hours trading following the ruling.

The China Evergrande Group has US$300-billion in liabilities and was put into liquidation by a Hong Kong judge yesterday. Once the largest property developer in China, the fate of Evergrande is expected to impact Australian exports.

A Hong Kong court on Monday ordered Evergrande to be wound up after more than two years since defaulting on its debts, marking another grim milestone for Hui Ka Yan, once Asia’s richest person.

Microsoft joined Apple in the highly exclusive $3 trillion club Wednesday.

As of January 1, the 10 richest people on the planet are worth nearly $1.47 trillion—$30 billion more than a month earlier. And Facebook founder Mark Zuckerberg has overtaken Bill Gates to become the world’s fifth richest person.

Finding out who owns Australia’s biggest companies isn’t easy. Data journalist Juliette O’Brien sleuthed dozens of sources to find the answer.