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☆ Tesla stock could soar 90% now that Elon Musk's pay package 'soap opera' is over, Wedbush says
▼ + stars: | 2024-06-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Elon Musk's pay package approval removes a burden on Tesla's stock, Wedbush Securities said. AdvertisementTesla shares are on track to race higher with the firm's pay package dispute finally out of the way, Wedbush Securities wrote. With CEO Elon Musk approved to receive his $46 billion compensation package, the stock is at last unshackled from the uncertainty surrounding the compensation sage. "Tesla is Musk and Musk is Tesla....shareholders spoke loudly today." Tesla's robotaxi day in early August is the next potential catalyst for the stock, Ives.

Persons: Elon, Tesla, Dan Ives, —, Elon Musk, Musk, Ives, he's, Tesla's Organizations: Wedbush Securities, Service, didn't, Tesla Locations: Delaware

☆ Tougher Security Measures Are Causing Upset at Guantánamo Prison
▼ + stars: | 2024-04-02 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

In a protest over tougher security measures at the Guantánamo Bay prison, a lawyer for the man accused of plotting the U.S.S. Cole bombing asked a judge on Tuesday to have the prisoner unshackled during legal meetings, invoking his torture by the C.I.A. Guards let the man, Abd al-Rahim al-Nashiri, meet his lawyers more than 150 times while he was unshackled from 2019 until late last year, said Lt. Cmdr. Now the change has re-traumatized the prisoner and impeded his lawyers’ ability to communicate and work with him. “We are asking to be in the room with him unshackled as we were for four and a half years,” Commander Piette said.

Persons: Cole, Abd al, Rahim, Cmdr, Alaric Piette, “, unshackled, Piette, Nashiri Organizations: Guards, ” Locations: Guantánamo

☆ Balyasny built these 4 cloud-based tools that are critical in the $19.5 billion hedge fund's push into new trading strategies
▼ + stars: | 2023-04-19 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Balyasny Asset Management is a multi-strategy hedge fund that has used the cloud since 2017. The firm's chief information officer and chief data officer detail 4 tools it built on the cloud. Balyasny Asset Management is deploying an arsenal of secret weapons that the $19.5 billion hedge fund has been building on the public cloud. The firm's data, applications, and investment teams all operate on cloud-based technologies, added Grimaldi, who is a former managing director at both JPMorgan and Goldman Sachs. In turn, the firm's tech and data teams have doubled in size since 2021 to more than 450 people.

☆ Booking Trump: No cuffs, no mugshot, no DNA swab, and perhaps the shortest perp walk in history
▼ + stars: | 2023-04-05 | by ( Laura Italiano | Oma Seddiq | ) www.businessinsider.com time to read: +5 min

Trump's arrest and perp walk on Tuesday was not the spectacle of victimization he reportedly wanted. Trump's perp walk was the shortest and quickest that veteran New York lawyers have ever heard of. It was the shortest "perp walk" that New York City lawyers can remember. Richman also said that in her more than 30 years of experience, she's never seen a perp walk where the defendant was uncuffed. But another seasoned defense attorney, Arthur Aidala, thinks that Trump's speedy bare-bones booking, and his minimalist perp walk, just made good sense.

☆ Nike envisions a wild future with Olympics in outer space, clothing made of spider silk, and footballs make of stardust
▼ + stars: | 2023-04-03 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Nike recently published a fun and thought-provoking book about the company's next 50 years. The company playfully envisions athletic competitions in space and footballs made from stardust. The small 192-page book is mostly a fun, futuristic read about what Nike might be doing in 2073. Sam Grawe, who wrote the 2021 book Nike: Better is Temporary, is an editor and contributed essays. On a more terrestrial level, Nike foresees clothing made from spider silk and the emergence of volcanic glass compounds.

☆ Netanyahu fires defense minister for urging halt to overhaul
▼ + stars: | 2023-03-26 | by ( ) www.cnbc.com time to read: +8 min

Israeli Prime Minister Benjamin Netanyahu is seen during the the 2016 Genesis Prize award-ceremony in Jerusalem, June 23, 2016. Prime Minister Benjamin Netanyahu abruptly fired his defense minister on Sunday, a day after he called on the Israeli leader to halt a planned judicial overhaul that has fiercely divided the country and prompted growing discontent within the ranks of the military. "The prime minister of Israel is a threat to the security of the state of Israel," Lapid wrote on Twitter. "The prime minister will be forced to bow his head before the law and comply with the provisions of the law." The prime minister responded saying the appeal should be dismissed and said that the Supreme Court didn't have grounds to intervene.

Starbucks (SBUX.O) warned of a "cautious" recovery in its China sales. "Consumers have become more meticulous in their spending," its chief executive, Xu Lei, said in an earnings call on Thursday. "Now the Chinese tourists are either super rich or very poor," said the owner, who spoke on condition of anonymity. "This suggests that once the initial reopening rebound has happened, we shouldn't expect a further surge in consumer spending," he wrote in a note to clients. ($1 = 6.8780 Chinese yuan renminbi)Editing by Marius Zaharia and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

[1/7] Farmer Wang Zhanling sits next to his wife in their house in Quansheng village, Heilongjiang Province, China, February 8, 2023. The state-run Chinese Academy of Sciences sees the pension system running out of money by 2035. "If the pension system does not change, this is unsustainable," said Xiujian Peng, senior research fellow in the Centre of Policy Studies at Victoria University in Australia. The province has the lowest birth rate in China, with just over 100,000 births in 2021 and 460,000 deaths. Many experts, including Macquarie's chief China economist Larry Hu, suggest implementing a unified national pension system, backstopped by the more resourceful central government rather than cash-strapped local administrations.

☆ A proposed H-1B visa fee increase threatens to kneecap Silicon Valley's ability to hire the foreign talent it needs to compete
▼ + stars: | 2023-01-12 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

The tech industry relies on skilled-work visas for foreign hires in a system critics say is broken. Now the USCIS is proposing fee hikes for visa applications, at a time when it's already challenging. It would be another hurdle on top of recent tech layoffs and scarce visa availability, experts say. While the proposed fee hikes are presented as a solution to end backlogs and address bureaucratic headaches, experts say they would make it more difficult to hire foreign talent. Are you an H-1B visa holder and have a story to share?

☆ World Cup quarterfinals: Morocco on the verge of history against Portugal as Kylian Mbappé’s France face England
▼ + stars: | 2022-12-09 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +7 min

The Moroccans have become the darlings of the World Cup. At the first “Arab” World Cup, they became the first Arab nation to qualify for the quarterfinals of the World Cup and, as the first African side to qualify for the quarterfinals in over a decade, they represent so much more than just their own nation. Born in Madrid, Achraf Hakimi scored the goal to knock Spain out of the World Cup. No team has scored more than Portugal’s 12 at the World Cup, but will the unstoppable Portugal be able to beat the immovable Morocco? Mbappé has already surpassed Cristiano Ronalo's World Cup goal scoring record and is level with Lionel Messi on nine.

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