Asian stocks took a breather on Wednesday, with markets in Japan and Australia trading narrowly mixed as investors digested trade-related developments and the mixed close on Wall Street. The Nikkei 225 hovered around the flat line in Tokyo. The index last traded lower by 0.07 percent as steelmakers and utilities slipped, while oil stocks recovered […]
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Jeff Bezos is the richest person in the world, but his massive fortune extends well beyond being the founder and CEO of Amazon. Bezos has invested in tech companies like Twitter, Uber and Airbnb, and in 2013 Bezos purchased The Washington Post. He’s also personally investing nearly a billion dollars a year to send humans […]
Read moreFacebook has data-sharing partnerships with at least four Chinese electronics companies, including a manufacturing giant that has a close relationship with China’s government, the social media company said on Tuesday. The agreements, which date to at least 2010, gave private access to some user data to Huawei, a telecommunications equipment company that has been flagged […]
Read moreThe major averages may paint an ideal picture for the stock market, but CNBC’s Jim Cramer warned on Tuesday that some strong sectors aren’t enough to sustain a long-term rally. “The truth is that while a couple of groups are leading the way here, namely tech and retail, very few stocks away from those groups […]
Read moreDriving Palo Alto Networks into the future was one of outgoing Chairman and CEO Mark McLaughlin’s primary concerns when he was choosing his successor, he told CNBC on Tuesday. The cybersecurity company announced on Friday that former SoftBank and Google executive Nikesh Arora would take over as CEO effective Wednesday, June 6. Palo Alto’s stock […]
Read moreAt a shareholder meeting on Tuesday, Tesla‘s head of worldwide sales, Robin Ren, revealed that the company plans to build its first factory outside of the U.S. in Shanghai. The Chinese government recently announced that it will allow foreign electric vehicle makers to fully own auto-factories there. Tesla’s move into China is hotly anticipated, as […]
Read moreTesla CEO Elon Musk said Tuesday it is “extremely likely” Tesla will hit a weekly Model 3 production rate of 5,000 cars. He also said the electric car maker will soon produce more batteries at its Nevada Gigafactory than all other electric vehicle companies combined, including those in China. Musk made the comments after Tesla […]
Read moreTwo new reports suggest that all is not yet well in Tesla’s major U.S. factories. The fresh investigative reports describe: a high level of waste of raw materials and rework required on parts made at the Tesla Gigafactory in Sparks, Nevada; serious paint shop fires and a bloated workforce, allegedly twice the size of what’s […]
Read moreTesla shareholders have apparently rejected two proposals that supporters had said would bring transparency and better governance to the electric car maker’s board. At its annual meeting Tuesday, Tesla shareholders re-elected three directors and struck down a proposal that would have forced Tesla to split up its chairman and chief executive roles, both of which […]
Read more[The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Tesla shareholders are voting on four proposals on Tuesday, and CEO Elon Musk is expected to deliver a presentation. Shareholders are widely expected to strike down a proposal that would […]
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