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A Delaware court has voided Tesla CEO Elon Musk’s pay package, which awarded him some 300 million options that vested based on hitting performance milestones, according to multiple media reports. Tesla stock was down in after-hours trading while investors digested the news, which poses a challenge for Tesla’s board and leadership. Tesla stock rose 0.4% in regular trading while the and fell 0.1% and 0.8%, respectively...
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Microsoft CEO Satya Nadella declined Tuesday to give hard numbers about the company's progress with the recently launched AI Copilot software for its 365 suite of Office applications. But in remarks late Tuesday on Microsoft's earnings call with investors, Nadella rattled off a list of how customers so far are using the software...
Continue Reading(Bloomberg) -- Microsoft Corp. posted its strongest revenue growth since 2022, spurred by interest in new artificial intelligence products that in turn are driving renewed spending on cloud computing.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainTech Giants Slide in Late Trading After Earnings: Markets WrapMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeUPS CEO Kicks Off Pro...
Continue ReadingGoogle’s advertising sales fell short of Wall Street’s expectations, sending shares tumbling despite strong growth in other areas of the search giant’s business. Google recorded $65.5 billion of total advertising sales in the fourth quarter, an increase of 11% from the same period last year. Alphabet parent company of Google, reported fourth-quarter revenue of $86.3 billion, up more than 13% from the same period last year...
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Predictions of GM's demise have been greatly exaggerated...
Continue ReadingMicrosoft shares have pared their earlier after-hours losses and are now trading essentially flat after the company provided upbeat guidance during its earnings conference call with investors. Microsoft expects Azure growth in the quarter on a constant currency basis to be in line with the 28% growth in the December quarter, about a percentage point ahead of Wall Street estimates. For More Personal Computing, which includes gaming, Windows and Surface hardware, Microsoft sees revenue of between $14.7 billion and $15.1 billion, up between 11% and 14%, but shy of the consensus at $15.4 billion, due in part to continued soft PC demand...
Continue ReadingA Delaware judge ruled the Tesla board acted improperly. Elon Musk had already called for increased voting power above and beyond the now-voided compensation plan...
Continue ReadingMicrosoft beat Wall Street's targets for its fiscal second quarter thanks to strong cloud computing business...
Continue ReadingMicrosoft, Google-parent Alphabet, Mondelez and Skyworks all topped earnings expectations...
Continue ReadingA Delaware judge ruled in favor of Tesla investors who contested CEO Elon Musk's pay package as not having been approved with the full knowledge of minority shareholders...
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