Tesla shareholders vote to reinstate Musk’s $56B pay package, relocate to Texas
Emil Michael, CEO of DPCM Capital and former Chief Operating Officer of Uber, discusses Tesla’s business strategy and its potential impact on the stock price. Tesla shareholders voted to reinstate the company on Thursday. CEO Elon Musk The $56 billion compensation package was voided by a Delaware judge and the company’s state of incorporation was […]
Disney To Withdraw Federal Lawsuit Against DeSantis, Officials Following Deal: REPORT
Disney plans to withdraw its federal lawsuit against Republican Florida Gov. Ron DeSantis, following an agreement made Wednesday on the future development of the Walt Disney World theme park, according to The Associated Press (AP). Disney’s lawsuit was dismissed in January, but was appealed and subsequently put on hold as part of a March settlement […]
Tyson Foods CFO arrested, receives suspension from company
See what’s clicking on FoxBusiness.com John R. Tyson has been suspended from his job as chief financial officer of Tyson Foods Inc. due to new legal troubles following his arrest Thursday morning. The 34-year-old “We are aware that Tyson Foods Chief Financial Officer John Randall Tyson has been arrested on suspicion of drunk driving,” the […]
Elon Musk’s $56B Tesla pay package in the balance as shareholders hold meeting
Constellation Research founder R. “Lei” Wang talks about Elon Musk’s threat to ban his company from using Apple products over its partnership with OpenAI. Tesla Shareholders The company is set to decide whether to reinstate CEO Elon Musk’s $56 billion compensation package at the electric car maker’s annual shareholder meeting on Thursday. Musk’s compensation packageTesla’s […]
Musk says shareholders are backing his $56 billion pay package
“Varney & Co.” host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla CEO Elon Musk said shareholders have approved his $56 billion compensation package and are voting to relocate the electric car company from Delaware to Texas. “Both Tesla shareholder resolutions have now passed by large margins! Thank […]
Runaway Inflation Under Biden Just Reached A New Milestone
Sky-high inflation since President Joe Biden took office in January 2021 reached a new milestone as Americans continue to have their finances strained due to the uptick in prices. Inflation has resulted in a 20.1% non-seasonally adjusted price hike since Biden took office as of May, up from 19.9% in April and 16.3% the year […]
John Kennedy Tells Chief Biden Regulator Point Blank That His Agency Is ‘Operating Illegally’
Republican Louisiana Sen. John Kennedy accused the Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra on Wednesday of operating his agency in an illegal manner. The Dodd–Frank Wall Street Reform and Consumer Protection Act mandates that the CFPB operate using funds from the “combined earnings of the Federal Reserve System.” However, Kennedy alleged during a […]
Apple regains title of world’s most valuable company after passing Microsoft
Mark Tepper, CEO of Strategic Wealth Partners, said during an appearance on “Varney & Co.” that Zoetis is a “great opportunity” for investors and revealed his top picks. iPhone maker Apple reclaimed the title of the world’s most valuable company from tech rival Microsoft during Wednesday’s trading session after unveiling new artificial intelligence (AI) initiatives […]
Fed Holds Rates Steady As Americans Continue To Be Crushed By High Interest Rates
The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate despite recent changes in inflation and slow economic growth. The Fed’s decision not to change interest rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the seventh meeting in a row where the […]
Southwest Airlines CEO says no plans to step down despite pressure from activist Elliott
See what’s clicking on FoxBusiness.com Southwest Airlines CEO Bob Jordan said Wednesday he has no plans to resign, despite pressure from activist Elliott Investment Management. Jordan, who has been the company’s CEO since February 2022, made the comments on Wednesday while speaking to reporters following an industry event. Jordan has faced sharp criticism from Elliott, […]