Sen. Bernie Sanders, a champion for working people, took to the streets of Detroit to show his unwavering support for the striking autoworkers. In his passionate speech, Sanders called out General Motors CEO Mary Barra, Stellantis CEO Carlos Tavares, and Ford CEO Jim Farley for their exorbitant paychecks, each surpassing $20 million last year. Sanders
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The recent Nasdaq debut of Arm, the UK-based chip design company, has left Wall Street scratching its head. While SoftBank, the company that spun out Arm after acquiring it in 2016, seems to be pleased with the outcome as the stock soared 25% to $63.59 after its initial public offering (IPO), investors are left puzzled
In a groundbreaking move, European satellite operator SES has joined forces with SpaceX’s Starlink to offer an innovative combined service to cruise operators. The joint offering, dubbed “SES Cruise mPOWERED + Starlink,” aims to provide high-speed and reliable internet connectivity to cruise ships, whether they are docked in port or sailing far out at sea.
Tesla, the renowned electric car maker, experienced a significant increase in its shares by 10% during the first half of trading on Monday. This surge came after an upgrade from Morgan Stanley, which included an optimistic note envisioning Tesla’s potential in selling AI technology to other automakers. Additionally, the note highlighted the company’s cost-saving strategy
Apple is gearing up for its most important launch event of the year, set to take place at its headquarters in Cupertino, California at 10:00 on September 12, 2023. This event is highly anticipated, as Apple is expected to unveil its latest hardware, including the highly anticipated iPhone 15. The company will be presenting a
In a stunning turn of events, former FTX executive Ryan Salame pleaded guilty on Thursday in a New York federal court to charges related to campaign finance and money-transmitting crimes. This admission comes as a shock, as Salame had been a trusted member of the FTX team. As part of his guilty plea, Salame has
Bloom Energy, a fuel cell maker, has received positive evaluations from Morgan Stanley. The bank designated the stock as a top pick, reaffirming its overweight rating on the shares. Morgan Stanley also maintained a price target of $29, suggesting that the stock could potentially surge by 92% from its Tuesday closing price. Analyst Andrew Percoco
Facebook has announced that it will no longer offer a dedicated section for news articles to its users in the U.K., France, and Germany starting in December. This move is part of the company’s efforts to prioritize investments in its most valued products and services. While Facebook will continue to honor its obligations to publishers,
Jimmy Buffett, the beloved singer-songwriter who enchanted millions with his soulful tunes and tales of sun-soaked beaches and margaritas, passed away on Friday night at the age of 76. His official website released a statement, announcing that Buffett “lived his life like a song till the very last breath and will be missed beyond measure
As the holiday-shortened week begins, stocks are expected to continue their momentum despite facing a historically weak period for markets. Last week, the Dow Jones Industrial Average and Nasdaq Composite had their best week since July, while the S&P 500 posted its best weekly performance since June. This return of risk-on sentiment to Wall Street