The first point covered by board chair Robyn Denholm was that they want to move the corporate home of the electric vehicle maker to Texas, where the physical headquarters are based. The other point raised by Denholm is that they want to reinstate the giant $56bn pay package awarded to CEO Elon Musk in 2018…
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The share price dropped by more than 2%, while the overall S&P 500 declined by just 0.2% on the same day. JNJ reported sales of $21.38bn in the first quarter of 2024, which represents a 2% increase on a year-on-year basis. The firm’s net income rose by close to 4%, giving a total of $6.58bn,…
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According to an Austrian Broadcasting Corporation (ORF) radio report, Benko allegedly deceived a local bank about the financial standing of Signa in renewing a €25m loan. Reuters reported that the property tycoon’s lawyer, Norbert Wess, confirmed this investigation and said that Benko was notified “some time ago”, but maintains that the accusations are “unfounded”. The…
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This move risks the continued support of the International Monetary Fund (IMF) and hampers the resolution of the country's ongoing debt issues. In the wake of this news, Sri Lanka's bonds dropped by 2.5 cents. According to Reuters, Udeeshan Jonas, a chief strategist at CAL Group, said: "Completing the IMF review by June becomes difficult…
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The move allows traders and investors at FP Markets to capitalise on new opportunities in the commodities sector and increase the options available for portfolio diversification. Complementing its existing range of Commodity CFDs, clients trading with FP Markets can now trade and invest in Brent Oil, Cotton and Sugar Futures CFDs: Symbol: BRENT Description: Brent…
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The tech company will receive as much as $6.4bn from the US Department of Commerce to realise this development. Based on CNBC information, this funding is part of the capital dedicated to the overall cluster, and the scheme might exceed $40bn. The CHIPS and Science Act, which aims to revive the local manufacture of computer…
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Nagasaki will steer the ChatGPT maker’s commercial and marketing efforts and grow the company’s Global Affairs, Go-to-Market, Communications and Operations in Japan. OpenAI published the statement on Sunday, 14 April 2024 and wrote: As we grow our operations internationally, we’re expanding into Asia with a new office in Tokyo, Japan. The organisation indicated that this…
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This followed a turbulent week of trading when the parent company of the Truth Social platform lost over 20% in a single day. While each DJT share was valued at over $66.22 in late March, they have now fallen to nearly $27. Analysts have suggested that the dropping price may be linked to the filing…
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Siju brings a wealth of experience and expertise in the financial services industry, having spent over 20 years in executive leadership positions worldwide. In his previous role as the Chief Commercial Officer of FXCM, Siju was instrumental in driving revenue globally. His deep understanding of the financial and regulatory landscape has positioned him as a…
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Everyone – from investors and consumers to authorities and analysts – anticipated inflation relief. Instead, price stresses continued, and, following the confirmed information, the Dow Jones Industrial Average lost almost 500 points when it dropped by 2.4%. CNBC quoted Jason Furman, a Harvard economist, who commented: Fool me once, shame on you. Fool me twice,…
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