Thursday, June 13, 2024
By Tom HalsWILMINGTON, Delaware (Reuters) - Tesla appears to have convinced an army of small investors and major funds to ratify Elon Musk's $56 billion pay package. Now comes the harder part: persuading an already skeptical Delaware judge to...
Even in a world where interest rates are higher than they were a few years ago, a yield of over 20% still stands out no matter what type of environment we are in, and that’s exactly what the REX...
(Bloomberg) -- Elon Musk said late Wednesday in the US that two key proposals to re-ratify his pay package and move Tesla Inc.’s legal home to Texas from Delaware are currently passing by “wide margins.”Most Read from BloombergHunter Biden...
US stocks rose to fresh records Wednesday as traders took in cool inflation and Fed comments.Inflation was cooler than expected and the Fed nodded to "modest" progress that' been made.The S&P 500 closed above 5,400 for the first time,US stocks...
(Bloomberg) -- Calm returned to European markets after a day of tumult when heightened political risks reverberated across assets, with focus turning toward US inflation data and the Federal Reserve’s interest rate decision.Most Read from BloombergRussia Is Sending Young...
HONG KONG (AP) — Asian stocks were mixed on Tuesday in a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve.U.S. futures and oil prices fell.In Tokyo, the Nikkei...
(Bloomberg) — Chinese stocks dropped after traders returned from a long weekend as a slew of negative developments weighed on sentiment.Most Read from BloombergRussia Is Sending Young Africans to Die in Its War Against UkraineMusk to Ban Apple Devices...
Some analysts are eyeing zero rate cuts from the Fed this year.RBC's Lori Calvasina forecasts that a no-rate-cut scenario would pull the S&P 500 down 8.5%.Others argue there's no need for cuts right now, with the economy strong and...
Artificial Intelligence (AI) is one of the most promising technological advancements of our time, and with it, there are a lot of companies set to greatly benefit from the technology.AI has already helped the stock of chipmaker Nvidia go...