In a show of support for his successor, James Gorman said he would step down as board chair from Morgan Stanley at the end of this year. Gorman led the company for 14 years and retained his chairman role when he retired as CEO. Ted Pick took over.
The small business laid bare just how much customers were paying in card surcharges.
The woman from Brisbane is urging others to look out for the red flags she missed. Read more here.
Clawback After firing a number of Twitter staff in Australia, the platform's new owner Elon Musk is threatening to take them to court, demanding to claw back payments after claiming the company had overpaid them. Twitter, which Musk has since renamed to X, fired much of its remaining staff stationed in Australia in January 2023. […]
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
Money saving expert Joel Gibson shares the easy ways you can claw back cash.
SAN FRANCISCO (Reuters) -Tesla will use Thursday's strong support for Elon Musk's $56 billion pay package to try to win over a Delaware judge that invalidated his 2018 agreement, the company's board president said Friday. The long process to reaffirm the largest-ever corporate pay package ended Thursday, when nearly three-quarters of shareholders - excluding Musk and his brother - voted in favor of the deal, overcoming opposition from a number of institutional investors and proxy advisory firms. The support was roughly in line with 2018's vote that was invalidated in January by Delaware judge Kathaleen McCormick.
It's easy to look at self-made millionaires and think -- simply by viewing their surface-level achievements alone -- that they must have always been good with money to get where they are today. In...
Apple (AAPL) closed Thursday with a market capitalization that surpassed Microsoft's (MSFT) for the first time since January, making it the most valuable US company. Yahoo Finance's Seana Smith and Brad Smith report more on the story and some of the tailwinds for the tech giant. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Hong Kong's stock exchange plans to take the hatchet to directorships to whittle down the concentration of board seats among the city's corporate elites to improve governance, a challenge that its chief executive called a "perpetual work in progress." Hong Kong Exchanges and Clearing Limited (HKEX) is seeking public feedback on its plan to limit independent directorships to a maximum of six per person, each tenure capped at nine years, according to a statement. The consultation is open until Aug
"The bottom line is that the extreme concentration of returns in the S&P 500 makes investors more vulnerable to single headlines impacting the one stock driving index returns."
An expert has shared the five best - and five worst - things you can do this tax time to get the best possible return.
There is one fear plaguing the vast majority of working Australians, and experts say it’s not going away.
After launching a nonprofit that’s eliminated more than $10 billion of medical debt in the U.S., a Navy veteran is seeking to relieve the burden of debt for his fellow former service members. Jerry Ashton leveraged his experience in the debt collection industry to launch Undue Medical Debt, formerly known as RIP Medical Debt, in…
Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.
Shanghai Technology Exchange (STEX), China's first permanent market for trading intellectual property rights to technologies, plans to open a Hong Kong branch, as the nation searches for ways to help domestic companies access global knowledge. The outpost is expected to open next year, enabling Chinese firms to buy technologies from overseas entities and raise funds, STEX chairman Xie Jihua told the South China Morning Post during a media briefing in Shanghai on Thursday. It marks the latest eff
How to pick the freshest corn and the best way to store it so that it stays sweet.
(Bloomberg) -- Elon Musk responded in kind to Tesla Inc. investors reapproving his massive compensation plan, offering outlandish predictions that he can enrich shareholders all over again.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Southwest Plane Plunged Within 400 Feet of Ocean Near HawaiiBump Stock Ban Tossed Out by Supreme Court in Gun-Rights WinTesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealApple to ‘Pay’ OpenAI for ChatGPT T
Proper planning is crucial if you want to retire wealthy. Here are some common mistakes you’ll want to avoid, as they can seriously deter your plans.
One real estate expert says, “this is just the beginning.”
Annuities are often recommended by advisors as good options for retirees, and in some cases, they can be appropriate. The positive features of annuities include the potential for lifelong income,...
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