Volkswagen’s planned $5 billion investment in Rivian is a lifeline for the troubled carmaker—but not necessarily the one you may think. The cash injection plugs a hole in Rivian’s spending plans, providing much-needed investor confidence in founder R.J. Scaringe at a critical juncture when other EV startups like Fisker are declaring bankruptcy. But the world’s second-largest carmaker isn’t […]
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. The central bank on Wednesday will release the results of its annual bank “stress tests” which assess how […]
GameStop stock (GME) fell as much as 15% during the struggling video game retailer’s annual shareholder meeting on Monday as the company gave few details on its strategy going forward. Chairman and CEO Ryan Cohen spoke briefly during the highly anticipated gathering, emphasizing the company’s focus on achieving profitability. “With respect to retail operations we […]
NEW YORK (AP) — Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. Cohen added this would involve a “smaller network of stores” — suggesting that more store closures could be in sight. No further details of reductions were immediately […]
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales went to the volatile cryptocurrency industry. The justices took up Nvidia’s appeal made after a lower […]
By Suzanne McGee (Reuters) – GameStop’s annual meeting, scheduled for Monday, is creating a growing buzz on social media among the company’s host of avid retail investor fans. Shares of the video game retailer have gyrated wildly over the last month after Keith Gill, the stock influencer known as Roaring Kitty who helped kick off […]
By Suzanne McGee (Reuters) – GameStop’s annual meeting, scheduled for Monday, is creating a growing buzz on social media among the company’s host of avid retail investor fans. Shares of the video game retailer have gyrated wildly over the last month after Keith Gill, the stock influencer known as Roaring Kitty who helped kick off […]
Tesla’s (TSLA) shareholders have voted in favor of the whopping $56 billion pay package for CEO Elon Musk. In addition to this groundbreaking compensation plan, shareholders have also greenlit Tesla’s redomestication from Delaware to Texas, a strategic relocation that Musk had previously sought after his pay was initially denied by a Delaware judge. Yahoo Finance […]
Tesla (TSLA) shareholders re-approved Elon Musk’s record-breaking pay pact and signed off on a new Texas incorporation, a show of support for the CEO as he fights legal battles on multiple fronts. “Hot damn I love you guys,” Musk said after the votes were tabulated, while speaking at the company’s annual shareholder meeting in Austin, […]
NEW YORK (AP) — Gamestop’s highly-anticipated shareholder meeting ran into a technical problem Thursday — resulting in many eager investors being unable to log on to the livestream. A spokesperson for Computershare, the company hosting the webcast, confirmed that “unprecedented demand” from shareholders looking to access the meeting led to a “technical issue” that prevented […]
WILMINGTON, Delaware (Reuters) –Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s […]
WILMINGTON, Delaware (Reuters) -Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s […]