By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk is offering factory tours to 15 Tesla shareholders who vote on his $56 billion pay package at the upcoming meeting, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote is seen as…
By makailah gause NEW YORK (Reuters) – Women in the U.S. have saved just a third of the amount that men have set aside for retirement, setting up a potential crisis among female retirees, according to a Prudential Financial survey released on Monday. On average, men had saved $157,000 for retirement, while women had only…
(Reuters) – JPMorgan Chase has created a new role that will oversee its junior bankers and analysts amid a focus to tackle the persistent problem of overworking on Wall Street. Ryland McClendon, a near 14-year JPMorgan veteran, has been named as the global investment banking associate and analyst leader, according to an internal memo sent…
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court sided on Wednesday with a former mayor of an Indiana city who was convicted in a case in which he was accused of taking a bribe, in a ruling that could make it harder for federal prosecutors to bring corruption cases against state and local…
(Reuters) -Costco Wholesale beat third-quarter revenue expectations on Thursday, as cash-strapped consumers flocked to its warehouses to grab low-priced groceries and discretionary items. The membership-only retailer saw resilient demand for its groceries and bakery items as consumers grappling with still-high cost of living preferred cooking more meals at home. With consumers trading down to shop…
(Reuters) – Robinhood Markets said on Monday it had bought artificial intelligence-powered investment platform Pluto Capital, adding the trading app to a growing list of companies looking to offer AI tools to customers. Top technology companies are racing to build AI into their products and services. Generative AI, which aims to create human-like interactions by…
(Reuters) – Southwest Airlines’ shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier. According to the Journal’s report on Sunday, Elliott is one of Southwest’s largest investors and plans to push for…
By Stephen Nellis and Arsheeya Bajwa (Reuters) – For chip designer Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech’s rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice…
By Dan Peleschuk KYIV (Reuters) -President Volodymyr Zelenskiy appealed to U.S. President Joe Biden and Chinese leader Xi Jinping on Sunday to attend his peace summit as Ukraine struggles to stave off unrelenting attacks by Russia in its 27-month-old invasion. Ukraine hopes to host as many countries as possible at Kyiv-led talks in Switzerland next…
