A nine-person jury sat Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk lied to investors by asserting in 2018 tweets that he had secured financing to take on a private electric car. The five-hour process…
A panel of nine jurors will hear opening arguments on Wednesday in a trial over Elon Musk’s tweets claiming he has “safe funds” to take Tesla private in 2018. The class action lawsuit was brought by investors who claimed Musk…
Investors have returned to tech stocks, with the tech-heavy Nasdaq leading all three major Wall Street indexes since the start of the year, rising more than 6%. But fund manager Trent Masters of Alphinity Investment Management isn’t convinced — and…
Do you want an espresso machine once used by a Twitter employee? Or the neon display of its logo? Fans of the social media company have a chance to get their hands on merchandise from the San Francisco headquarters starting…
Plunging profits in the two premier investment banks of Wall Street triggered a contrasting reaction from investors, who punished Goldman Sachs for a sharp fall in investment banking fees while rewarding Morgan Stanley’s push to a more stable business. The…
The FTX logo displayed on a phone screen is seen through broken glass in this illustrative photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki/NurPhoto via Getty Images Bankrupt crypto firm FTX said on Tuesday that $415 million…
Microsoft Corp. plans to cut jobs in some engineering divisions there, according to people familiar with the matter, joining the ranks of the technology giants that are scaling back as the industry prepares for a prolonged slump in demand. The…
US stocks traded in a tight range on Tuesday after disparate fourth-quarter results from investment banks Goldman Sachs and Morgan Stanley, while China released underwhelming annual gross domestic product data. Wall Street’s blue-chip S&P 500 oscillated between small gains and…
Qualcomm CEO Cristiano Amon said on Tuesday the chipmaker’s move beyond smartphones is working – but we’ll want to see the Club’s upcoming earnings report before rethinking its cautious approach. In a CNBC interview, Amon said that Qualcomm is positioned…
That’s the question posed by foundation CEO Mark Suzman in his annual letter released Tuesday outlining the organization’s priorities and announcing its budget for next year. With $8.3 billion to give by 2023, the Gates Foundation is the largest private…