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WASHINGTON (Reuters) -A U.S. judge in Seattle on Tuesday rejected Amazon.com's request to dismiss a Federal Trade Commission lawsuit that accuses the company of enrolling millions of consumers into its paid Amazon Prime service without their consent. Attorneys for Amazon had urged U.S. District Judge John Chun to dismiss the FTC's claims. Amazon did not immediately respond to a request for comment...
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The Delaware judge who voided Elon Musk's record Tesla pay package told the parties in the case that she felt assured by the electric vehicle maker that it would not use an upcoming shareholder vote to attack her ruling. The shareholder legal team who sued over Musk's $56 billion pay package had asked Chancellor Kathaleen McCormick for orders to prevent their case from being undone in a Texas court. The company's shareholders vote next month to "ratify" the pay package that McCormick voided and to reincorporate Tesla in Texas...
Continue ReadingThe combination of a lower stock price and rising book value has made Berkshire Hathaway more appealing over the past two months. Berkshire Hathaway’s Class A shares, which fell 1.1% Tuesday to $609,000, now are barely beating the this year after being more than 10 percentage points ahead of the index when the stock peaked at $647,000 in late February, just after the company reported fourth-quarter 2023 earnings. Berkshire’s A shares now are up 12.2% so far this year, against an 11.8% total return including dividends for the S&P 500...
Continue ReadingNvidia (NVDA) continues to dominate the tech sector as the company's shares move past $1,100. The chip giant earned a boost from Elon Musk, who announced that xAI's supercomputer will run on Nvidia technology. Meanwhile, Tesla (TSLA) shareholders are awaiting an important vote on June 13, which will dictate the fate of Musk's proposed pay package of $56 billion. The American Society of Clinical Oncology (ASCO) will hold its annual meeting in Chicago this week, exploring the latest advancements in the cancer research sector. Tom Steyer, Galvanize Climate Solutions Co-Executive Chair, also joins the show to give insight into the state of climate change mitigation under a possible second Trump presidency. For more expert insight and the latest market action, click here...
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In the latest trading session, Tesla (TSLA) closed at $176.75, marking a -1.39% move from the previous day...
Continue ReadingSAN FRANCISCO (Reuters) -Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote, whose result will be announced at the company's annual meeting on June 13, is seen as a referendum on Musk's leadership as investors worry that he is distracted by his other ventures and that his often controversial comments are weighing on the reputation and sales of Tesla. The company is making an unusual and public effort to rally support for Musk's pay...
Continue ReadingThe benchmark S&P 500 is considered to be highly diversified, but its performance increasingly rests on a handful of technology companies...
Continue ReadingChase Coleman's Tiger Global Management 13F portfolio value grew to $18.3B, with top holdings in Meta Platforms, Microsoft, Alphabet and Apollo Global. See more...
Continue ReadingUncertainties concerning China sales have bogged down Apple shares, with some investors even beginning to question its status in the 'Mag 7' group. But following favorable news and recent positive price action, are shares worth a look?...
Continue ReadingApple faces increasing scrutiny over its App Store fees as a U.S. District Judge raises concerns about its practices. Carson Oliver, Senior Director for Business Management for the App Store, testified before U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, defending the company’s 27% commission on certain in-app purchases. However, Judge Rogers questioned the justification for this rate, citing a study commissioned by Apple that suggested a rate half of that would be more appr...
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