Spotify CEO backs Tesla rival after pledging to invest over $1 billion in European ‘moonshots’

Drew Angerer / Getty Images LONDON — Daniel Ek, the founder and chief executive of Spotify, has invested in Swedish battery firm Northvolt, which is building a Gigafactory in Sweden’s Lapland region.Stockholm-headquartered Northvolt announced Tuesday that it has raised $600 million in equity funding from Ek, Swedish businesswoman Cristina Stenbeck, and institutional investors like Baillie Gifford,…

Read more

Billionaire Jeffrey Gundlach slams California over taxes, may leave state

Billionaire bond fund manager Jeffrey Gundlach is considering packing his bags to escape the “incompetent governance” of California.“Elon Musk, Joe Rogan and Ben Shapiro, to name just a few, are leaving California to escape incompetent governance,” Gundlach tweeted on Saturday evening. “The ‘response’ from Sacramento?  Wealth and massive income tax increases on job creators (AKA ‘the…

Read more