BUSINESS LIVE: High Street preps for Black Friday; Musk dumps £750m in Tesla stock; JP Morgan’s Dimon sorry for CCP jibes
Desperate stores are hoping for a shot in the arm tomorrow as record numbers prepare to hunt for a Black Friday bargain.
Some 45 per cent of us intend to hit the high street or shop online for this year’s event, according to research – a big rise on the 38 per cent last year.
Elon Musk has sold another £750million of shares in Tesla after vowing to flog 10 per cent of his stake earlier this month.
The world’s richest man has sold more than half of the stock he said he would offload in the electric car maker since holding a Twitter poll.
JP Morgan boss Jamie Dimon was forced to apologise twice yesterday after the Wall Street kingpin joked about China’s Communist Party during a panel discussion at the Boston College Chief Executives Club.
He said: ‘I was just in Hong Kong and I made a joke that the Communist Party is celebrating its hundredth year. So is JP Morgan. I’d make a bet we last longer’
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Some 45% of us intend to hit the high street or shop online for this year’s Black Friday sales