Tesla Lawyers: Shareholder Vote Led to Elon Musk's $56 Billion Payout
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The New York Times - Business
Wildlife Protections Take a Back Seat to Elon Musk’s Ambitions
A New York Times investigation found that Elon Musk exploited federal agencies’ competing missions to achieve his goals for space travel. -
The Hill - Politics
Musk asks judge to dismiss shareholder lawsuit, argues delayed Twitter disclosure a 'mistake'
Elon Musk has asked a federal judge in New York to dismiss a lawsuit brought by shareholders of Twitter, the platform now known as X, arguing the delayed disclosure of his stake in the social media company was a “mistake.” The billionaire was sued ...Elon Musk -
CNBC - Business
Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears
Cryptocurrencies plunged on Friday as investors get anxious about the planned payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox.Crypto -
CNBC - Business
Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
With Tesla's stock close to wiping out its losses for the years, investors betting for a decline have had a rough week.Tesla -
The New York Times - World
Tokyo Governors Race Has 56 Candidates
A ridiculous number of candidates contended to be governor of Tokyo and its surrounding prefecture. Many were not even trying to win. -
Inc. - Business
Musk Calls Twitter Stake Delay a Mistake
Seeking to dismiss a shareholder lawsuit alleging he defrauded investors, Musk says he did not seek to buy more shares at cheaper prices after amazing more than 5 percent of the company.Elon Musk -
MarketWatch - Business
How to trade Tesla’s stock
Also: An expensive stock market, improving home affordability in some areas, and a different way to think about Nvidia’s success. -
ESPN - Sports
Marsch: 'Lack of discipline' led to U.S. Copa exit
Canada coach Jesse Marsch has spoken of his disappointment at the United States' poor performance at the Copa America as his side prepare to take on Venezuela in the quarterfinals at the AT&T Stadium in Arlington, Texas, on Friday. -
The Guardian - World
How Labour did it: inside the campaign that led to ‘Starmergeddon’
Each decision made in ‘the cell’ was framed by three key messages and pushed along by a well disciplined operation. UK general election results live trackerAs the election campaign entered its final week, staff at Labour headquarters were treated ... -
ESPN - Sports
Turkey fans make hand gesture that led to ban
Turkish supporters making their way to the European Championship quarterfinal against the Netherlands have been making the same nationalistic hand gesture that saw a Turkey player banned from the match.Turkey -
ABC News - World
Imprisoned Kremlin critic Kara-Murza transferred to a prison hospital, his wife and lawyers say
The wife and lawyer of imprisoned Russian opposition politician Vladimir Kara-Murza say he has been transferred to a prison hospital, where his attorneys have been unable to visit him since Thursday -
ABC News - World
Iran detains outspoken lawyer who criticized 2022 crackdown following Mahsa Amini's death
An outspoken Iranian lawyer who has publicly criticized how the government handled the 2022 protests has been arrested, state media reportedIran -
The Wall Street Journal - World
Tesla's Stock Rallies, Erasing Losses for the Year
Tesla shares have jumped about 25% this week on better-than-expected sales results, pushing the stock around the break-even point for 2024. -
The New York Times - Business
Teslas and Teens: Two Young Drivers Take the Wheel
Can my son learn from the example of the robot controlling the steering wheel? Or should it be the other way around? -
MarketWatch - Business
Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake
Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year. -
CNBC - Business
Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
Elliott Management's $1.9 billion stake in Southwest Airlines has raised concern among investors who value the company's steadfast culture. -
The Wall Street Journal - World
Your Old Clothes Are Worth Billions
Secondhand apparel retail is a booming business, but turning a profit is harder than it sounds. -
CNBC - Business
Ford sales edge 1% higher in the second quarter, led by trucks
Ford truck sales of 308,920 vehicles marked the company's best second-quarter performance for the vehicle category since 2019. -
The Wall Street Journal - World
Hurricane Beryl Shouldn't Pose Threat to Specialty Insurers' Full-Year Targets
Potential Hurricane Beryl losses shouldn’t threaten European specialty insurers’ and reinsurers’ full-year targets, though it is still too soon to tell, RBC Capital Markets said. -
The Wall Street Journal - World
Canada Approves Glencore-Led Deal for Teck Coal Assets
Canada approved a Glencore-led $9 billion deal to acquire coal assets from Teck Resources, after officials secured commitments from both companies about additional investment in the country. -
The New York Times - World
Jeremy Corbyn Wins Election Against Labour, Party He Once Led
The victory was vindication for Mr. Corbyn, who was running for the first time against the Labour party. -
The Wall Street Journal - Business
Canada Approves Glencore-Led Deal for Teck Coal Assets
Canada approved a Glencore-led $9 billion deal to acquire coal assets from Teck Resources, after officials secured commitments from both companies about additional investment in the country. -
NBC News - Top stories
Residents allowed to return home after Wisconsin dam breach led to evacuation
Intense flooding breached a dam in eastern Wisconsin on Friday and eroded the land around it, prompting officials to temporarily evacuate residents who live downstream. -
The New York Times - Top stories
In Ukraine, Killings of Unarmed Russians Divide a U.S.-Led Unit
A German medic said he was so troubled that he confronted his commander. Others boasted about killings in a group chat.Ukraine -
ABC News - World
Who's who in Britain's new Labour government led by Keir Starmer
Britain’s new Prime Minister Keir Starmer has appointed a Cabinet of Labour Party lawmakers and a few outside experts as he tries to tackle priorities including boosting a sluggish economy, building more homes and fixing the creaking state-funded ... -
MarketWatch - Business
Cathie Wood’s ETFs sell Tesla’s stock for the first time in 9 months
The sale comes after Tesla’s stock closed Tuesday at a six-month high after strong second-quarter deliveries data. -
CNBC - Business
Tesla stock rises again after better-than-expected deliveries report
Tesla shares saw more gains Wednesday, after jumping 10% in the previous session.Tesla -
Financial Times - Business
Tesla cars put on local Chinese government’s purchase list for first time
Announcement comes as Elon Musk’s group faces increasing competition in world’s largest car marketTesla -
CNBC - Business
Tesla shares wipe out loss for the year with 27% rally this week
After a dismal start to 2024, Tesla's stock has rallied sharply of late, including a 27% gain this week, to wipe out its loss for the year. -
The Wall Street Journal - World
The Score: Tesla, Chewy, Paramount and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week’s news. -
MarketWatch - Business
Tesla’s stock extends winning streak, turns green for first time in 2024
Tesla’s stock battled through a seesaw start to close higher Friday, extending their longest winning streak in more than a year and turning positive for 2024. -
The Wall Street Journal - World
Ericsson Intends to Book $1.1 Billion Charge for Latest Quarter
The Swedish telecom-equipment company said lower-than-expected growth at its Vonage cloud subsidiary prompted the impairment charge. -
The Wall Street Journal - World
Shell to Take Impairment Hit of Up to $2 Billion
Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a major biofuels plant as European energy majors grapple with weak market conditions, while trading in its core gas division is set to fall on quarter. -
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CBS News - Top stories
Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
Canada's Hudson's Bay Company, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus. -
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The Hill - Politics
Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion
Saks Fifth Avenue parent company HBC announced Thursday a $2.65 billion deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman. HBC said that after the deal goes through it will launch Saks Global, which will ... -
The Wall Street Journal - Business
Ericsson Intends to Book $1.1 Billion Charge for Latest Quarter
The Swedish telecom-equipment company said lower-than-expected growth at its Vonage cloud subsidiary prompted the impairment charge. -
The Wall Street Journal - World
China's Central Bank Borrows 'Hundreds of Billions' of Yuan in Government Bonds
China’s central bank has signed agreements with major brokers to borrow “hundreds of billions” of yuan worth of government bonds, a move analysts say is likely aimed at stabilizing plummeting long-term bond yields.China -
MarketWatch - Business
Tesla’s stock is on a huge run. Here’s why one bear isn’t buying the ‘euphoria.’
Guggenheim is concerned that Tesla price cuts “pulled forward” demand, which could create challenges for the future.