World’s Largest Wealth Fund Throws Weight Against $1T Musk Compensation
The world's largest sovereign wealth fund, Norway's Norges Bank, is using its significant influence to oppose Elon Musk's $1 trillion pay package.
As Tesla's seventh-largest shareholder, with a $17 billion...
The Great Chinese Retreat: Why Refiners are Dropping Russian Oil
A great retreat from Russian oil is happening in China. State-owned firms Sinopec and PetroChina are canceling shipments, and private "teapot" refiners are shunning the trade.
The cause is a...
Amazon Cloud Growth Accelerates to Three-Year Peak Following Hours-Long Global Outage
Amazon has reported exceptional growth in its cloud computing division, with third-quarter revenue reaching $33 billion and representing a 20% year-over-year increase that marks the fastest expansion rate the...
Nvidia’s $5T Gamble: Is the World Betting on an AI Boom or a Speculative Bust?
The world has placed a $5.05 trillion bet on Nvidia. As the chipmaker crossed this historic valuation, it sparked a global debate: is this a savvy investment in the...
Trade Truce Over: Trump and Xi to Meet as Hostilities Resume
A recent truce in the US-China trade war appears to be over, as President Donald Trump and President Xi Jinping prepare to meet amidst resumed hostilities.
The two leaders will...
Elon Musk Defends $1 Trillion Pay, Fears Ouster Over ‘Robot Army’
In a fiery conclusion to a Tesla earnings call, CEO Elon Musk made a personal appeal for his $1 trillion pay package, claiming he needs it to protect his...