By Niket Nishant and Tatiana Bautzer (Reuters) -Institutional Shareholder Services has urged investors to reject Morgan Stanley’s proposal to expand its equity incentive compensation plan, as the proxy adviser escalates its pushback against Wall Street. The investment bank had proposed adding 50 million common shares to its equity incentive plan and extending the program by…
By Niket Nishant (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform that lets users delegate their online shopping tasks to AI agents. While users will set spending limits, the AI agents will do the rest — searching for products, booking vacations or ordering groceries, the payments…
(Reuters) -Tesla is hiring more than a thousand new workers in Nevada as the electric vehicle maker looks to ramp up mass production of its much-delayed Semi trucks, Business Insider reported on Tuesday, citing people familiar with the matter. On Monday, Tesla released a video on YouTube announcing that the first units of its electric…
(Reuters) -Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet’s Google. The standalone app comes as Meta looks to boost the AI assistant’s usage, apart from being available within the company’s family of platforms – WhatsApp, Instagram, Facebook and Messenger….
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025,…
By Aditya Kalra, Aditi Shah and Abhijith Ganapavaram NEW DELHI (Reuters) -Air India is in talks with U.S. planemaker Boeing to acquire around 10 737 MAX jets after Chinese customers started rejecting deliveries amid a trade war with the United States, two people familiar with the discussions told Reuters. Boeing CEO Kelly Ortberg said on…
(Reuters) -Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday. The job cuts affect teams within Oculus Studios, Meta’s in-house game development arm for Quest virtual reality headsets. Employees working on titles such as Supernatural, a VR fitness…
(Reuters) -German sportswear and apparel maker Adidas on Wednesday reported first-quarter sales and profit above expectations, citing growth across all its markets and channels. First-quarter operating profit jumped 82% to 610 million euros ($692 million), the group said, resulting in a margin of 9.9%. Analysts, in a company-provided consensus, had expected a margin of 8.9%…
By Stephen Nellis and Max A. Cherney SANT CLARA, California (Reuters) -Taiwan Semiconductor Manufacturing Co on Wednesday unveiled technology for making faster chips and putting them together in dinner-plate sized packages that will boost performance needed for artificial intelligence applications. It said its A14 manufacturing technology will arrive in 2028 and will be able to…
(Reuters) -Elon Musk’s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The company has started preliminary discussions with potential investors, but terms of the funding round are not yet finalized, according to the…
