By Tom Hals WILMINGTON, Delaware (Reuters) – The legal team that voided Elon Musk’s record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday. Tesla said the legal team for…
(Reuters) – The U.S. International Trade Commission (ITC) voted on Friday to proceed with an investigation into whether solar panels from Southeast Asia are stifling domestic manufacturing, a step that could result in tariffs on the majority of panel imports. The four-member panel voted unanimously to pursue the probe into imports from Malaysia, Thailand, Cambodia…
By Dani Morera and Andre Romani SAO PAULO (Reuters) -Meta launched its first AI-driven ad targeting program for businesses on WhatsApp, according to a press release Thursday, as it tries to wring revenue out of the popular chat service, the company announced at a conference in Brazil. CEO Mark Zuckerberg announced the new tools in…
By Marc Jones and Koh Gui Qing NEW YORK/LONDON (Reuters) -World stocks hit an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, but also signalled that further moves could take a while. ECB policymakers duly delivered their widely-flagged quarter-point…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James sued two cryptocurrency companies and their promoters, saying they defrauded hundreds of thousands of victims out of more than $1 billion by preying on the religious faith of people from Haitian and other immigrant communities. In a lawsuit filed on Thursday in…
(Reuters) – Shares of GameStop surged over 30% on Thursday after the online stock influencer known as “Roaring Kitty” posted on YouTube that he would hold a livestream on Friday. Thursday’s surge was the latest in a bout of volatile trading in the struggling videogame seller’s shares that kicked off last month after the influencer,…
(Reuters) -The National Basketball Association is closing in on media rights deals with Comcast-owned NBC, Disney’s ESPN, and Amazon.com that would generate about $76 billion in media revenue over 11 years, the Wall Street Journal reported on Wednesday. Rights to the widely watched professional basketball league are a prized possession for media companies. Sports content…
By Andre Romani and Kylie Madry SAO PAULO (Reuters) – SoftBank-backed Brazilian online lender Inter & Co is hoping to replicate its home market success in the United States, where it is targeting visitors from Latin America’s largest country in two of Florida’s biggest cities, the firm’s chief executive said. Inter has quickly become one…
(Reuters) – Nvidia’s stock market value hit $3 trillion for the first time on Wednesday as the chipmaker benefited from a race between Wall Street’s heavyweights to dominate AI technology. Shares of the maker of specialized AI chips were last up 4.75%. Nvidia shares touched an intra-day record high of $1,219.93, giving it a market…
By Joey Roulette CAPE CANAVERAL, Florida (Reuters) -Boeing’s new Starliner capsule flew its first crew of astronauts to space on Wednesday from Florida in a much-delayed test mission to the International Space Station, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX. The CST-100 Starliner, with astronauts Barry…
