By Brijesh Patel and Ashitha Shivaprasad SINGAPORE (Reuters) – Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for…
Factbox-Tesla shareholder meeting: How investors are voting on Musk’s $56-billion pay package
(Reuters) – Investors will vote on Tesla CEO Elon Musk’s $56-billion compensation package and the company’s reincorporation in Texas, from Delaware, at a consequential shareholder meeting this week. Analysts have flagged risk…
Citron Research closes GameStop short position
By Pranav Kashyap and Medha Singh (Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days after taking…
Apple overtakes Microsoft to return as world’s most valuable company
(Reuters) -Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology….
Paramount special committee meets to vote on Skydance deal, Bloomberg News reports
(Reuters) -A special committee of the board of Paramount Global is meeting on Tuesday to vote on whether to accept a proposal to merge with David Ellison’s Skydance Media, Bloomberg News reported,…
KKR to buy $850-million stake in Quick Quack Car Wash
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – KKR & Co has agreed to buy a “significant” minority stake in Quick Quack Car Wash, the investment firm told Reuters on…
Boeing plane deliveries drop by half in May year-on-year
By Allison Lampert (Reuters) – Boeing said on Tuesday it delivered 24 commercial planes in May, about half of the 50 jets it handed over to customers during the same month a…
General Motors approves new $6 billion share buyback plan
(Reuters) -General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker raised its dividend on upbeat annual forecast, citing stable prices and demand…
Global stock index up slightly while euro falls, yields up
By Sinéad Carew and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – MSCI’S global equities index edged higher on Monday ahead of key inflation data and central bank policy meetings, while the euro fell…
Nvidia sparks chatter over possible Dow inclusion after stock split
(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed…