On a day that marked a significant milestone for Tesla, the company’s shares soared to an unprecedented high, eclipsing a previously set record from 2021. Observations reveal that the stock experienced an impressive intraday peak of $415, just surpassing the prior high by a narrow margin. This uptick is emblematic not only of Tesla’s current
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In a significant strategic pivot, General Motors (GM) announced on Tuesday its decision to cease financial backing for its Cruise division’s robotaxi ventures. This news reverberates through the automotive industry, reflecting not only GM’s internal reconsideration of priorities but also the intense competition characterizing the robotaxi landscape. CEO Mary Barra outlined critical factors behind this
In a strategic move aimed at revitalizing growth, Ant Group has announced that Cyril Han will step into the role of chief executive officer beginning March 1, 2025. This decision follows a tumultuous period for the company, particularly after stringent regulatory measures imposed by the Chinese government in recent years, which have stilted the expansion
The latest interview with Donald Trump as the newly elected president unveils a potential pivot in U.S. foreign policy, particularly concerning military support to Ukraine. This shift raises significant questions regarding America’s commitment to international alliances and the balance of power in key geopolitical arenas. Challenging European Responsibility During his discussion with NBC’s Kristen Welker,
In October 2021, Mark Zuckerberg initiated a significant transformation for Facebook, evolving the company’s identity to Meta. This rebranding was not merely cosmetic but aimed at reshaping the company’s mission to symbolize a broader vision that transcended a singular social media platform. As Leo Gebbie, a notable analyst from CCS Insight, articulated, this shift was
In a surprising move that underscores the deepening links between Silicon Valley and the political landscape, President-elect Donald Trump has appointed venture investor David Sacks as the “White House A.I. & Crypto Czar.” This position places Sacks at the forefront of developing U.S. policies on artificial intelligence and cryptocurrency, two areas that are becoming increasingly
In a major shake-up of the U.K. telecommunications landscape, the Competition and Markets Authority (CMA) has given the green light to the merger between Vodafone and Three. Valued at £15 billion ($19 billion), this merger has been under intense scrutiny since its announcement last year, culminating in a series of rigorous investigations by the CMA.
Shares of Okta, a pivotal player in identity management, surged over 18% in after-hours trading this Tuesday, following the release of its impressive third-quarter financial results. These results not only surpassed analyst expectations but also set an optimistic tone for future quarters, showcasing the company’s ability to rebound in a competitive market. Okta reported adjusted
In a significant legal decision, Tesla’s CEO Elon Musk faced a major setback when a Delaware judge upheld a previous ruling that deemed his 2018 pay package—valued at approximately $56 billion—as improperly granted. This ruling, which has reverberated through financial and legal circles, marks a critical chapter in the ongoing scrutiny over executive compensation practices,
The dynamics of the semiconductor market are continually evolving, and recent developments have shed light on the resilience of Asian chip stocks, particularly those outside of China. On a seemingly tumultuous Tuesday, stocks from major manufacturers demonstrated unexpected buoyancy despite the unveiling of fresh U.S. export restrictions aimed at curtailing China’s progress in high-end chip