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☆ Here's why Tim Seymour is not bullish on Micron
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Tim Seymour is not bullish on MicronTim Seymour, Seymour Asset Management founder and CIO, joins 'The Exchange' to discuss how to trade Micron Technology, Levi's, and McCormick.

Persons: Tim Seymour, Micron Tim Seymour, McCormick Organizations: Micron, Seymour Asset Management, Micron Technology

☆ Here are 3 key things we're watching in the stock market Wednesday afternoon
▼ + stars: | 2024-06-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA.

Persons: Jim Cramer, Jim Cramer's, Jim, Andy Jassy, CNBC's Jim Cramer, Mad Organizations: CNBC, Apple, Netflix, Federal Reserve, Web Services, Micron, Jefferies, Walgreens, McCormick, Jim Cramer's Charitable, Amazon Locations: Seattle , WA

☆ Cramer's week ahead: Earnings from Micron, Walgreens and General Mills
▼ + stars: | 2024-06-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer guided investors through this week's most important Wall Street action, highlighting earnings reports from Micron , Walgreens and General Mills . Wednesday brings a slew of earnings reports, including Micron , General Mills , Levi Strauss , AeroVironment and Jefferies Financial . Cramer noted some segments that drive General Mills' business — including snacks, cereal and dough — could be vulnerable because of the rising popularity of weight loss drugs. Walgreens will report on Thursday, and Cramer said Wall Street doesn't have great expectations for the company. McCormick also reports that day, and Cramer said analysts are taking down price targets due to sluggish growth.

Persons: CNBC's Jim Cramer, Mills, Cramer, else's, it's, General Mills, Levi Strauss, AeroVironment, Jefferies, Tim Wentworth, McCormick Organizations: Micron, Walgreens, Big Tech, Carnival, FedEx, Royal, General, Jefferies Locations: Royal Caribbean

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Consumer spending, inflation, and housing are 3 things to watch in the market next week
▼ + stars: | 2024-06-22 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Nvidia had some strong moves in the days after its 10-for-1 stock split traded in the market on June 10. Tuesday brought weaker-than-expected May retail sales , which the stock market took in stride, perhaps on the view that softness helps the view that the Federal Reserve will indeed cut interest rates later this year. Ultimately, the economic readings this past week signal that while U.S. growth remains resilient, things are slowing, which is an ideal setup for stock market bulls. The Fed's favorite inflation gauge and the tail end of earning season will be drivers of the market in the week ahead. ET: New Home Sales Before the bell: General Mills (GIS), Paychex (PAYX), UniFirst (UNF) After the bell: Micron (MU), BlackBerry (BB), Levi Strauss (LEVI) Thursday, June 27 8:30 a.m.

Persons: we're, Levi Strauss, Mills, LEVI, McCormick, Jim Cramer's, Jim Cramer, Jim, Emily Elconin Organizations: Nasdaq, Dow, Nvidia, Microsoft, Apple, Broadcom, Energy, West Texas, Utilities, Federal, Juneteenth, FedEx, Nike, Micron, UniFirst, UNF, BlackBerry, Walgreens Boots Alliance, Outdoor Brands, Jim Cramer's Charitable, CNBC, Shoppers, Getty Locations: U.S, Oaks, Novi , Michigan

☆ Trump thinks he can peel voters away from Biden in Democratic-heavy Philadelphia. Here's how he plans to do it.
▼ + stars: | 2024-06-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

AdvertisementBut similar to most national polls, Trump leads Biden on the question of which candidate would better handle the economy. In 2020, Biden won Pennsylvania by roughly 80,000 votes out of more than 6.9 million ballots cast. And over 604,000 of those ballots cast for Biden came from Philadelphia voters. He can easily find himself among receptive audiences in the city's numerous Black churches, where a loyal base of older Black voters are overwhelmingly supporting his bid for a second term. Biden has stumbled with younger Black voters over issues like the conflict in Gaza and student-loan debt relief.

Persons: —, Donald Trump, Hillary Clinton, Biden, He'll, David McCormick, who'll, Democratic Sen, Bob Casey Jr, Trump, Casey Organizations: Service, Keystone State, Biden, Trump, Business, White House, Temple University, Saturday, Pennsylvania GOP, Democratic, Pennsylvania Department of Labor & Industry, New York Times, Philadelphia Inquirer, Siena, Pennsylvania, Black, GOP Locations: Pennsylvania, Philadelphia, Philadelphia —, Delaware, Wilmington, Pennsylvania's, Gaza

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ Forget Elon Musk’s record pay package from Tesla. More could be on the way.
▼ + stars: | 2024-06-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. “The chancellor found a number of defects in the process.”But Tesla shareholders also approved moving Tesla’s state of incorporation to Texas, partly in reaction to the Delaware decision. “What we recognized in 2018 and continue to recognize today is that one thing Elon most certainly does not have is unlimited time,” Tesla board chair Robyn Denholm wrote to Tesla shareholders ahead of the most recent vote. Ark Invest has a five-year target price for Tesla shares at $2,600 a share. Not everyone on that list got there through packages of stock options.

Persons: Elon Musk, Tesla, Chancellor Kathaleen McCormick, Musk, It’s, “ It’s, Samantha Crispin, Baker Botts, “, ” Musk, McCormick’s, Elon, ” Tesla, Robyn Denholm, ”, Tasha Keeney, ” Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Larry Page, Bill Gates —, Zuckerberg, McCormick Organizations: New, New York CNN, CNN, Tesla, ARK Invest, Elon, Invest, Microsoft, Apple, SpaceX, Amazon, Facebook Locations: New York, Delaware, Texas, “, Tesla

☆ CNBC Daily Open: Mega money Musk
▼ + stars: | 2024-06-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 12, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury slipped after the producer price index unexpectedly fell. Reasonable debtJanet Yellen, U.S. Treasury Secretary, said the ballooning national debt that's currently at $34.7 trillion is manageable.

Persons: Elon, Judge Kathaleen McCormick, Janet Yellen, that's, Yellen, CNBC's Andrew Ross Sorkin, That's, Dow Jones, Donald Trump, Tim Cook, Jamie Dimon, BofA Organizations: New York Stock Exchange, CNBC, Dow, Nasdaq, Broadcom, Dow Jones, Musk, Treasury, Trump, Business, Capitol, Apple, JPMorgan Chase, Chipmaker Broadcom, Bank of America Locations: New York City, U.S, Delaware, Washington

☆ Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package
▼ + stars: | 2024-06-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. Watch Elon Musk speak at the Tesla shareholder meeting nowThe compensation package was previously worth as much as $56 billion in Tesla stock. However, during last year's meeting, Musk promised shareholders he would spend less time on the app going forward, calling the business a "short-term distraction." Regarding the Cybertruck, which hit the market in late 2023, Musk said deliveries are picking up. Musk promised Tesla would move into "limited production" of Optimus in 2025 and test out humanoid robots in its own factories next year.

Persons: Elon, Musk, Judge Kathaleen McCormick, didn't, Tesla, He's, Pony.ai, Didi, Waymo, Optimus, Cathie Wood Organizations: ., Shareholders, SpaceX, Tesla, ARK Locations: Delaware, Austin , Texas, China, Texas

☆ Elon Musk says Tesla shareholders have re-approved his pay package worth billions that a judge struck down
▼ + stars: | 2024-06-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

New York CNN —Elon Musk said late on Wednesday that Tesla shareholders have re-approved a pay package worth billions that was already thrown out by a Delaware judge earlier this year in a vote that also approved moving Tesla to Texas. “Both Tesla shareholder resolutions are currently passing by wide margins! He famously bought social media platform Twitter for $44 billion in 2022, selling $22.9 billion of his Tesla shares to help fund that purchase. But perhaps a more serious concern among Tesla shareholders is the pioneering electric car company itself. Even with Musk’s pay package again endorsed by shareholders, the Delaware court could still have the final say.

Persons: New York CNN — Elon Musk, Musk, ”, Tesla, Chancellor Kathaleen McCormick, Antonio Gracias, Musk’s, Todd Maron, “, McCormick, ” Tesla, Robyn Denholm, Elon, ” Denholm, Cathie Wood, Ark, Ron Baron, Baron Capital, “ Elon, ’ ”, he’s, X, retweeted Organizations: New, New York CNN, Securities and Exchange Commission, SpaceX, Neuralink, Boring Company, Elon, Ark Invest, Baron, California, Fund, Twitter, Tesla Locations: New York, Delaware, Texas, Norwegian, Tesla

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Skechers, Tesla, GameStop, Birkenstock, Valvoline & more
▼ + stars: | 2024-06-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley upgrades Ciena to overweight from equal weight Morgan Stanley sees "upside potential" for the networking company. Morgan Stanley downgrades Pure Storage to equal weight from overweight Morgan Stanley downgraded the stock mainly on valuation. Goldman Sachs downgrades Birkenstock to neutral from buy Goldman downgraded Birkenstock mainly on valuation. Wells Fargo initiates Skechers at overweight Wells said it's bullish on shares of the footwear company. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's possible that Tesla could make a phone.

Persons: Piper Sandler, Piper, it's, Edward Jones, Morgan Stanley, Goldman Sachs, Birkenstock, Goldman, Wells, Wedbush, Needham, HAE, TD Cowen, Cowen, Tesla, Oppenheimer, Salesforce Organizations: Products, Devices, AMD, Paramount, Citi, DAR, Barclays, FI, GameStop, McCormick, Procore Technologies, UBS, Nvidia, hyperscalers, Bank of America, Apple, Fortinet Inc Locations: VVV

☆ Tesla shareholders to vote whether Elon Musk deserves billions judge struck down
▼ + stars: | 2024-06-09 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. Despite the widespread support among shareholders back in 2018 for Musk’s pay package, the Tesla board seems to be scrambling to shore-up support for this month’s vote. But perhaps a more serious concern among Tesla shareholders is problems faced by the electric car pioneer itself. “When Tesla achieved targeted earnings, revenues, and market cap metrics, Tesla’s shareholders benefitted greatly.

Persons: New York CNN —, Elon Musk, Tesla, Chancellor Kathaleen McCormick, ” McCormick, “ Musk, McCormick, ” Tesla, Robyn Denholm, Elon, ” Rather, ”, ” Denholm, “, he’s, Dan Ives, it’s, they’re, Ives, Neuralink, Musk, ” Ives, Ron Baron, Baron Capital, ” Baron, Glass Lewis Organizations: New, New York CNN, SEC, Musk, Elon, Twitter, Wedbush Securities, SpaceX, The Boring Company, Baron, Institutional, Services Locations: New York, Delaware, Texas, Tesla’s Texas, “

☆ Democratic convention: Secret Service and Chicago police ramp up preparations as protests loom
▼ + stars: | 2024-06-08 | by ( John Miller | Eric Bradner | ) edition.cnn.com time to read: +4 min

CNN —Secret Service and Chicago police officials are ramping up preparations for the Democratic National Convention in August, with officers receiving training ranging from First Amendment rights to handling violent protests and mass arrests. Democrats are poised to nominate President Joe Biden for reelection at their Chicago convention. The Chicago Police Department’s Crime Prevention and Information Center will serve as its command center to monitor all convention-related events citywide, including protests. We are planning for real-world possibilities,” said Jeff Burnside, the Secret Service coordinator for the Democratic convention. Meanwhile, Chicago police officers have been holding drills on a wide range of potential scenarios — including violent protests, extracting individuals from hostile crowds, medical emergencies and more.

Persons: Kimberly Cheatle, Joe Biden, Cheatle, ” Cheatle, “ You’ve, you’ve, al, ”, Jeff Burnside, Larry Snelling Organizations: CNN, Chicago, Democratic National Convention, United Center, Democratic, The Chicago Police, Service, Illinois State Police, FBI, Alcohol, Tobacco, Firearms, Explosives, Federal, National Counterterrorism Center, Department of Homeland Security, ISIS, al, Republicans, Chicago Police Locations: Chicago, Gaza, Vietnam, Milwaukee

☆ How a Depression-era law could be used to make your booze cheaper
▼ + stars: | 2024-06-07 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Southern Glazer’s, based in Miami and operating in 44 US states, is the largest wine and spirits distributor in the United States. Abandoned antitrust law from 1936The FTC lawsuit, previously reported by Politico, could come in the next few weeks and would rely on the Robinson-Patman Act of 1936, the source said. That Depression-era law prohibits suppliers from providing deeper discounts to large chains than to smaller stores. At the time, the antitrust law was aimed at helping smaller grocers survive when A&P and other chains dominated with lower prices. However, a person familiar with the matter said Southern Glazer’s discounts are available to all retailers where permitted by state law.

Persons: Lina Khan, Beam, Robinson, it’s, McCormick, “ It’s, It’s, hasn’t, Alden Abbott, Trump, ’, ”, Abbott, George Mason University’s, “, Patman, Ed Schwartz, Reed Smith, Lee Hepner, Hepner, Chris Jones, Jones, Schwartz, Khan Organizations: CNN, Federal Trade Commission, Southern, Biden, FTC, Politico, Walmart, Patman, RPA, Congress, American Economic Liberties, National Grocers Association, Street Competition Coalition, Southern Glazer’s Locations: Miami, United States, Southern

☆ Ron Baron, big Tesla shareholder, supports Elon Musk's $56 billion pay package
▼ + stars: | 2024-06-05 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk's controversial $56 billion pay package. The pay package, proposed by Tesla's board of directors, has repeatedly come under fire for its close ties with Musk. If passed, it would be the largest pay package for a CEO in corporate America. "I'm voting for the pay package," Baron said on CNBC's "Squawk Box" Wednesday. In January, Judge Kathaleen McCormick of Delaware's Court of Chancery voided the original pay package.

Persons: Elon, Baron, Ron Baron, Tesla, Judge Kathaleen McCormick, Musk Organizations: Baron Capital, Delaware's, Baron Partners Fund, Elon Locations: Tesla's Fremont, America, Texas, Delaware, Tesla, Baron's, Elon

☆ Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
▼ + stars: | 2024-06-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewA Tesla investor accused Elon Musk of using insider information on his company to sell $7.5 billion worth of Tesla stock in 2022, according to a lawsuit filed Thursday in Delaware Chancery Court. "Musk's insider profits for his November and December sales were approximately $3 billion based on the January 3, 2023 closing price of $108.10 per share," the lawsuit alleged. AdvertisementPerry also accused Musk of misleading shareholders about what to expect in the fourth quarter of that year in an October 2022 earnings call. "So, Q4 is looking extremely good," Musk said in the call, according to a transcript published by The Motley Fool. AdvertisementMcCormick's ruling has caused Musk to sour on Delaware and has been pitching a move for Tesla to be incorporated in Texas.

Persons: —, Elon Musk, Michael Perry, Tesla, Perry, Musk, Larry Ellison, Ellison, James Park, Kathaleen McCormick, McCormick Organizations: Service, Business, Oracle, New York Times, University of California, Investors Locations: Delaware Chancery, Los Angeles, Delaware, Texas

☆ Pro-McCormick Super PAC Plans $30 Million Ad Blitz in Pennsylvania
▼ + stars: | 2024-05-30 | by ( Michael C. Bender | More About Michael C. Bender | ) www.nytimes.com time to read: +1 min

“Keystone Renewal is all in to elect David McCormick to the U.S. Senate,” Mr. Dorr said. So far, Mr. Casey’s campaign and the Democratic Senatorial Campaign Committee, the main campaign arm of Senate Democrats, have spent the most on ads in the race. The committee has spent about $9 million on broadcast, cable and digital ads, while Mr. Casey’s campaign has spent $8.5 million. “Pennsylvanians already know that McCormick can’t be trusted.”The Pennsylvania race is one of only a handful this year expected to determine control of the closely divided Senate. Mr. McCormick, a former hedge fund executive, is making his second bid for a Pennsylvania Senate seat in as many years.

Persons: David McCormick, ” Mr, Dorr, Ken Griffin, Paul Singer, Jeff Yass, “ David, ” Maddy McDaniel, Casey’s, McCormick can’t, McCormick, Casey Organizations: U.S . Senate, PAC, Wall Street, Citadel, Elliott Management, Susquehanna International Group, Democratic Senatorial, Committee, Democrats, Pennsylvania Senate Locations: Pennsylvania

☆ Election Updates: A pro-McCormick super PAC plans a $30 million ad blitz in Pennsylvania.
▼ + stars: | 2024-05-30 | by ( Michael C. Bender | ) www.nytimes.com time to read: +7 min

Polls consistently show that his support from Black voters has declined to alarming levels for a Democrat. Four years ago, nearly nine in 10 Black voters nationwide cast their ballots for Mr. Biden, according to exit polls. Image Recently, Mr. Biden and Ms. Harris have been speaking directly to Black audiences at multiple events per week. “The Biden campaign is panicking because they see that Black voters aren’t buying what Biden is selling,” Ms. Thomas added. Recently, Mr. Biden and Ms. Harris have been speaking directly to Black audiences at multiple events per week.

Persons: Biden, Donald J, Kamala Harris, Trump, George Floyd’s, ” Mr, Harris, Trump’s, Black, Wes Moore, Austin Davis of, Yuri Gripas, Mr, ”, Sherry Gay, surrogates, Sheff, Hallow, “ Trump’s MAGA, Janiyah Thomas, “, Ms, Thomas, Brown, ” Ms, Michael Nutter, ’, Michael Gold Organizations: Republican, Black, Democratic, Mr, Gov, Girard College, The New York Times, New York Times, Siena College, Philadelphia Inquirer, Black Democrat, Biden, Bronx, Voters, Supreme, of Education, Morehouse College, Detroit, Democrats, Black voters Locations: Philadelphia, African, Maryland, Detroit, Milwaukee, Atlanta, New York

☆ This global fund’s stock could rally by 35% if buyback limits are removed, fund manager says
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Caledonia Investments could see its stock price soar by more than 35% if restrictions on share buybacks are lifted, according to fund manager Brian McCormick. McCormick, who runs the Jupiter Global Value fund at Jupiter Asset Management, said Caledonia's share buybacks are limited due to restrictions in share ownership as set out in the U.K.'s Takeover Code. In addition, when the fund performs a share buyback while its stock trades below its NAV, it is buying its own assets at a 37% discount. Caledonia's buyback limits When a company buys back shares, those shares are canceled, which can increase the percentage ownership of remaining shareholders. Analysts also agree that Caledonia's limits on share buybacks right now are holding back the share price.

Persons: Brian McCormick, Philip Morris, McCormick, Robert Memmott, Iain Scouller Organizations: Microsoft, Oracle, British American Tobacco, London Stock Exchange, Jupiter Asset, CNBC Pro, London Value Investor Conference Locations: Caledonia, United States

☆ Should Elon Musk be paid $56 billion? Tesla shareholders get to vote
▼ + stars: | 2024-05-27 | by ( David Ingram | ) www.cnbc.com time to read: +10 min

Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.

Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, —, Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, —, Los Angeles, Texas, New York City

☆ Scientists a step closer to unraveling mystery of sun’s magnetic field
▼ + stars: | 2024-05-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

In contrast to previous research that assumed the sun’s magnetic field originates from deep within the celestial body, they suspect the the source is much closer to the surface. This view of the sun's magnetic field was generated by NASA's Solar Dynamics Observatory. NASA/GSFC/Solar Dynamics ObservaModeling the sun’s magnetic fieldIt’s difficult to see the sun’s magnetic field lines, which loop through the solar atmosphere to form a complicated web of magnetic structures far more complex than Earth’s magnetic field. To better grasp how the sun’s magnetic field works, scientists turn to mathematical models. Like the 11-year solar magnetic cycle, torsional oscillations also experience an 11-year cycle.

Persons: Galileo, ”, Daniel Lecoanet, ” Lecoanet, “, Lecoanet, Geoff Vasil, Ellen Zweibel, Zweibel Organizations: CNN, Northwestern University’s McCormick School of Engineering, Center for Interdisciplinary Exploration, Research, Astrophysics, NASA's Solar Dynamics, NASA, Dynamics, University of Edinburgh, University of Wisconsin Locations: United Kingdom, Madison

☆ Why I Quit Goldman Sachs' Rigid, Male-Dominated Culture
▼ + stars: | 2024-05-21 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +11 min

The lack of female leadership in the financial industry is nothing new, but many companies have been making strides. But as I watch senior women continue their exodus from Goldman, I'm not sure the company actually wants to change. While many companies have modernized to embrace hybrid and remote work, Goldman has not. Rather than changing its "be in the office every day and grind it out" culture to better suit women, Goldman puts the onus on us to change ourselves to fit the model. But Goldman leadership seems to want the benefits of gender diversity without the hard work of supporting diverse leadership styles.

Persons: Goldman Sachs, —, Dina Powell McCormick, Beth Hammack, Stephanie Cohen, Goldman, I'd, It's, it's, Morgan Stanley, Jamie Dimon, David Solomon, I'm, hadn't, Julia Boorstin, — Goldman, I've, she's, Asahi Pompey, Yassaman Salas, Rebecca Anderton, Davies, Lindsay MacMillan Organizations: Street Journal, Goldman, Citi, JPMorgan, International Workplace, McKinsey, LinkedIn, CNBC, Deloitte, Asahi Locations: Canada, London, New York

☆ Two House Republicans are dating. Here are four other couples who have dated — or married — while in Congress.
▼ + stars: | 2024-05-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Two sitting House Republicans are dating each other — and one of them is getting a divorce. It's not the first time two lawmakers have dated while serving in Congress together. On Friday, Rep. Beth Van Duyne of Texas confirmed to the Daily Mail that she's "happily engaged in a relationship" with Rep. Rich McCormick of Georgia. That's appeared to cause some trouble back home for McCormick: according to the Daily Mail, his wife filed for divorce earlier this month. Van Duyne — who's been divorced for over a decade — told the outlet that the congressman's marriage has "been over for quite some time as I understand it."

Persons: It's, —, Beth Van Duyne, Rich McCormick, That's, Van Duyne, who's Organizations: Republicans, Service, House Republican, Daily Mail, McCormick, Business Locations: Texas, Rich McCormick of Georgia

☆ Tesla is going all out to push Elon Musk's $55 billion pay package through — even spending money on ads
▼ + stars: | 2024-05-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewTesla is going all in on its efforts to push through approval of Elon Musk's $55 billion pay package. A screenshot of some of the paid ads Tesla ran in support of Musk's pay package proposal. SECThe company aims to pass two separate proposals, one moving its state of incorporation from Delaware to Texas and another reapproving Musk's pay, which was struck down by a Delaware judge earlier this year. Musk does not receive a salary from Tesla and his pay package centered on a series of goalposts around the carmaker's financial growth. AdvertisementEarlier in May, Denholm even sat down for a video promoting the pay plan.

Persons: —, Elon, Tesla, Kathleen St, J, McCormick, Musk, Robyn Denholm, Denholm Organizations: Service, Elon Musk's, Securities and Exchange Commission, Google, Business, SEC, Street Journal, Bloomberg Locations: Tesla, Delaware, Texas

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