Tesla Inc. shareholders are facing a high stakes vote on CEO Elon Musk’s proposed $1 trillion compensation package, as the company’s board chair warns that failing to approve the plan could jeopardize Musk’s leadership and the electric vehicle maker’s future ambitions. Robyn Denholm, Tesla’s board chair, issued a letter to investors Monday, urging support for … Read more
OpenAI’s recent surge in infrastructure spending is shifting attention to how major technology companies manage and report their capital expenditures, or capex. Microsoft, Alphabet, Meta and Amazon are all expected to release quarterly earnings this week, and investors are paying close attention to one key question how much are these companies investing in AI driven … Read more
WASHINGTON — Huntington Bancshares announced Monday that it will acquire smaller rival Cadence Bank in an all stock transaction valued at $7.4 billion, marking one of the year’s most significant regional bank mergers. The move reflects a growing trend among mid sized US lenders to build scale, diversify geographically, and strengthen financial resilience amid rising … Read more
US stock futures advanced Monday morning as investors positioned themselves for a pivotal week filled with market moving events including a Federal Reserve policy meeting, quarterly results from Big Tech giants, and an anticipated summit between former President Donald Trump and Chinese President Xi Jinping. Futures tied to the Dow Jones Industrial Average gained roughly … Read more
WASHINGTON — Air travel across the United States came under severe strain on Sunday as more than 8,000 flights were delayed, according to flight tracking data, marking one of the worst days for travelers since the government shutdown began nearly a month ago. Federal Aviation Administration officials cited widespread air traffic controller absences and mounting … Read more
BEIJING — China industrial profit growth accelerated sharply in September, rising 21.6 percent from a year earlier the biggest increase in nearly two years, according to data released Monday by the National Bureau of Statistics (NBS). The surge follows a 20.4 percent gain in August and signals that Beijing’s campaign to stabilize factory margins is … Read more
US stock futures rose Sunday, while major Asian markets climbed Monday morning after officials from the United States and China reached a framework for a long awaited trade deal, easing fears of new tariffs and offering a rare moment of optimism for global investors. As of 6:29 pm ET Sunday, Dow futures were up 0.65%, … Read more
LAGOS, Nigeria — Nigeria’s Dangote oil refinery, already the largest in Africa, is planning an ambitious expansion that could make it the biggest oil refinery in the world within three years, according to its owner, billionaire industrialist Aliko Dangote. “We are more than doubling the barrels per day from 650,000 to 1.4 million,” Dangote said … Read more
PayPal users have been warned of a new phishing campaign in which cybercriminals send fake invoices from genuine PayPal email addresses, prompting recipients to call fraudulent phone numbers or provide personal information. PayPal itself has issued a “do not pay, do not phone” warning, advising customers to remain vigilant against the evolving threat. Gmail users … Read more
KUALA LUMPUR — The United States and China reached a framework for a trade agreement on Sunday, a move both sides described as a step toward easing long standing tensions before an anticipated meeting between US President Donald Trump and Chinese President Xi Jinping later this week. US Treasury Secretary Scott Bessent and Trade Representative … Read more
