Update: Microsoft Increases CEO Satya Nadella's 2024 Pay by 63%...

Constellation Energy is making its case to restore the operating license for its Three Mile Island nuclear power plant in the first public meeting before the U.S. Nuclear Regulatory Commission on Friday on the unprecedented project to restart a retired reactor. Constellation, which announced last month that it had signed a 20-year power purchase agreement with Microsoft that would enable the reopening Unit 1 reactor at Three Mile Island, is also seeking to extend the life of the plant and change its name to the Crane Clean Energy Center...

Baron Funds, an investment management company, released its “Baron Opportunity Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund rose 4.04% (Institutional Shares), outperformed the Russell 3000 Growth Index, which gained 3.42%, and lagged the S&P 500 Index, which advanced 5.89%. In the first […]...

Microsoft (MSFT) will soon determine whether to invest in Bitcoin, although the board has recommended voting against the proposal, citing that the company already considers a wide range of investable assets, including Bitcoin...

Catalysts Hosts Seana Smith and Madison Mills check in on some of Yahoo Finance's trending tickers. Shares of Colgate-Palmolive (CL) are sliding despite beating third quarter earnings expectations and raising its guidance. The company reported volume and pricing weakness in North America, which makes up about 20% of its sales. On the other hand, shares of Centene (CNC) are rallying after the health insurer's third quarter profits exceeded expectations, driven by rate increases in Medicaid programs and higher membership in its health insurance exchange business. Shares of Microsoft (MSFT) are also rising as CEO Satya Nadella was given a pay package worth over $79 million for fiscal year 2024, a 63% increase from last year. The package would have been about $5 million higher if Nadella hadn't taken a pay cut to reflect his "personal accountability" for the cybersecurity risks that have occurred at the company. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl...

Microsoft (MSFT) chief executive Satya Nadella got a 63% pay bump in the last fiscal year thanks to the company’s blowout financial performance. He could have netted millions more had it not been for a number of cybersecurity breaches at the tech giant...

Grid operators are seeing increased energy demand as the AI race heats up among hyperscalers. The Morning Brief's Madison Mills breaks down a chart from Apollo Global Management chief economist Torsten Sløk showing how much energy some of the "Magnificent Seven" members — like Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META) — need to run their data centers. Note: Apollo Global Management is Yahoo Finance's parent company To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl...