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A U.S. appeals court on Wednesday upheld a jury's verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had "funding secured" to take the electric car company private. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected arguments by lawyers for Tesla investors that the instructions jurors received on the law from the judge presiding over the case before they delivered their verdict in February 2023 were flawed, warranting a new trial. Lawyers for Tesla shareholders argued the jury instructions were confusing and impermissibly heightened their burden of proof by requiring them to establish Musk knowingly made false statements when he wrote his posts on Twitter, the platform now known as X following Musk's $44 billion acquisition of it in 2022...
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Here are the stocks making the biggest market moves midday...
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Continue Reading(Bloomberg) -- Ireland will hold an early general election as Prime Minister Simon Harris takes advantage of favorable poll numbers and a slump in support for Sinn Fein, the main opposition party, which is mired in a series of scandals.Most Read from BloombergParis Restricts Through Traffic in City CenterFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowHarris said a vote will take place on Nov. 29, even though he’s not required to hold an election until March 2025. Th...
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Donald Trump has been elected as the 47th president of the United States, defeating his Democratic opponent Kamala Harris. Here’s a look at where Trump stands on issues surrounding the technology sector and some of the biggest companies on Wall .....
Continue ReadingShares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 15.1% in the morning session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election...
Continue ReadingJassy insists the move is about strengthening company culture...
Continue ReadingTesla (TSLA) stock is soaring after former President Donald Trump's victory in the 2024 U.S. presidential election. While CEO Elon Musk was a vocal supporter of Trump, the President-elect has not expressed the same enthusiasm for the electric vehicle industry. "It's interesting because there's a lot of government help or regulation or incentive all pushing the electric vehicle transition, and Tesla's absolutely benefited from that. But we also know that Donald Trump doesn't necessarily support that thinking," iSeeCars.com Executive Analyst Karl Brauer told Yahoo Finance. Brauer notes that a "government-led transition to EVs" is not a concept that Trump has embraced. He points to the broader EV market beyond Tesla, noting that other stocks in the sector are not experiencing the same rally as Tesla. "It's interesting to see that people feel like Elon's relationship with Donald Trump will overcome a potential shift in policy," he adds. Moving forward, Brauer believes that Trump's policy regarding EVs may hurt the sector, including Tesla. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith...
Continue ReadingGoogle stock climbed amid views Trump's presidential victory may bode well for Alphabet amid two ongoing antitrust cases...
Continue ReadingUS equity markets are up big today after President Trump's victory in last night's election...
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