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Tesla's board asked shareholders to vote again in favor of Chief Executive Musk's multibillion-dollar pay package after a court struck down an earlier approval, calling the endorsement process "deeply flawed."
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The Tesla Cybertruck Embodies All of Elon Musk’s Flaws
The Cybertruck looks edgy, that’s for sure, but it has serious problems.The New York Times - Top stories - Tesla -
HSBC’s Noel Quinn to step down after 5 years as chief executive
Bank lifer says he needs ‘rest’ but insiders say the timing was partly dictated by chair Mark TuckerFinancial Times - Business -
Argentina president’s scaled-down economic package wins approval in lower house
Argentina President Javier Milei’s scaled-back package of reform measures designed to turn around an economy with the highest rate of inflation in the world won approval from in the lower-house of congress.MarketWatch - Business -
ISS endorses most of activist Ancora's nominees for Norfolk Southern board
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.CNBC - Business -
Smith & Nephew grants CEO 30% pay rise despite shareholder revolt
AGM vote sees 43% come out against a hike of $2.6mn for Deepak Nath if he hits targetsFinancial Times - Business -
Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
Tesla is continuing a sweeping reorganization and laying off some 500 employees from its Supercharger team.CNBC - Business - Tesla -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk
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Standard Chartered's Strong Performance Renews Investor Confidence
Standard Chartered shares jump and Interactive Investor said the bank remains in good shape as reflected in its key metrics—such as CET1 ratio stable at 13.6%, or return on tangible equity of 15.2% boosted by improved overall profitability.The Wall Street Journal - World -
Maersk Sees Overcapacity Issues Persisting
Maersk raised the lower end of its full-year guidance despite expecting the overcapacity challenges that have plagued the industry to continue, potentially for the rest of the year.The Wall Street Journal - World -
Universal Music, TikTok in New Tie Up
Universal Music’s artists and song catalogs will return to TikTok after the world’s largest music company and the social-media platform agreed on a new licensing contract.The Wall Street Journal - World - Tiktok -
Eurozone Government Bond Yields Edge Lower After Fed Meeting
Eurozone government bond yields declined, trading by 3-4 basis points lower, as they tracked a fall in Treasury yields on Wednesday in the wake of the Fed meeting.The Wall Street Journal - World - Federal Reserve -
Dollar Falls After Fed Decision, Focus Now Turns to Jobs Data
The dollar fell after the Federal Reserve appeared to rule out the possibility of raising interest rates, instead reiterating that it would take longer to gain confidence that inflation has fallen sufficiently to be able to cut rates.The Wall Street Journal - World - Federal Reserve