In a significant development, Norway’s sovereign wealth fund, the world’s largest, said it would oppose ratifying Tesla Chief Executive Elon Musk’s proposed $1 trillion compensation plan, citing concerns about excessive size, shareholder dilution, and the risks tied to Musk’s dominant role at the company.The announcement comes ahead of Tesla’s annual…
Ship tracking data revealed on Tuesday that a vessel sanctioned by the European Union is currently offloading Russian naphtha at a port in western India. This port is operated by the Adani group, according to a Reuters report. This discharge marks the first occurrence of its kind since the conglomerate implemented…
The FTSE 100 Index crashed by over 1.25% today, Nov. 4, reaching a low of £9,580, its lowest level since October 24. It has plunged from the year-to-date high of £9.780 as global stocks retreated. Why the FTSE 100 Index crashedThe Footsie Index retreated as global equities plunged after major warnings…
Dow futures plunged over 450 points or 0.76% on Tuesday as traders weighed mixed earnings and questioned whether AI stocks can offset ongoing market concerns.While technology stocks, particularly in the AI sector, have driven gains recently, the Dow’s futures movement suggests profit-taking and some risk aversion ahead of a key…
The US job market is showing clear signs of turbulence. A recent wave of high-profile layoffs has broken the “no-hire, no-fire” stasis of early 2025, raising immediate concerns about economic stability.At the same time, a less visible but equally significant trend is taking hold: the steady erosion of entry-level job…
Palantir Technologies Inc. raised its annual revenue forecast after reporting a stronger-than-expected third quarter, but shares of the data analytics firm fell in extended trading as investors questioned whether the company’s rich valuation can be justified.The company said late Monday that revenue climbed 63% from a year earlier to $1.18…
European stock markets fell sharply at Tuesday’s open, reversing the positive sentiment from the start of the month as investor focus shifted squarely to a heavy slate of corporate earnings reports.The pan-European Stoxx 600 index dropped more than 1.1% shortly after the opening bell. The sell-off was broad-based, with Germany’s…
In a significant development, Norway’s sovereign wealth fund, the world’s largest, said it would oppose ratifying Tesla Chief Executive Elon Musk’s proposed $1 trillion compensation plan, citing concerns about excessive size, shareholder dilution, and the risks tied to Musk’s dominant role at the company.The announcement comes ahead of Tesla’s annual…
Tesla’s China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% rise in September, according to data from the China Passenger Car Association released Tuesday.Sales of the company’s Model 3 and Model Y vehicles produced at its Shanghai gigafactory — including exports…
Nintendo has revised its expectations for the Switch 2, projecting sales of 19 million units for the fiscal year ending March 2026, up from the earlier forecast of 15 million. The Japanese gaming company’s confidence stems from stronger-than-expected demand for its latest console, which sold 10.36 million units by September…