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Finance News

Elon Musk expected to prevail in Tesla shareholder vote over CEO’s trillion pay plan

Elon Musk expected to prevail in Tesla shareholder vote over CEO’s $1 trillion pay plan

Finance News

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla is expected to announce on Thursday the results of a shareholder vote determining whether CEO Elon Musk should receive a pay package of nearly $1 […]

Elon Musk expected to prevail in Tesla shareholder vote over CEO’s $1 trillion pay plan Read More »

Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut

Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut

Finance News

A Pony.ai autonomous car. Pony.ai China’s Pony.ai on Thursday saw its shares drop over 12%, while rival WeRide fell nearly 8% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed in the U.S., raised 6.71 billion Hong Kong Dollars (about $860 million) and HK$2.39 billion, respectively in

Chinese autonomous driving firm Pony.ai sees shares drop 12% in Hong Kong debut Read More »

Robinhood doubles revenue as it beats third-quarter earnings expectations

Robinhood doubles revenue as it beats third-quarter earnings expectations

Finance News

Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year. Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 61cents vs. 53 cents expected Revenue: $1.27

Robinhood doubles revenue as it beats third-quarter earnings expectations Read More »

Snap shares rocket 25% on strong forecast, 0 million Perplexity deal

Snap shares rocket 25% on strong forecast, $400 million Perplexity deal

Finance News

Snap shares climbed as much as 25% on Wednesday after the company issued its third-quarter earnings, reporting revenue that beat analysts expectations and a $500 million stock repurchase program. Here is how the company did compared with Wall Street’s expectations: Earnings per share: Loss of 6 cents. That figure is not comparable to analysts’ estimates. Revenue: $1.51

Snap shares rocket 25% on strong forecast, $400 million Perplexity deal Read More »

Pinterest plunges 20% after weak results as tariffs drag on ad revenue

Pinterest plunges 20% after weak results as tariffs drag on ad revenue

Finance News

Silas Stein | Picture Alliance | Getty Images Pinterest shares plummeted 20% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. The company posted a profit of 38 cents per share adj., while analysts polled by LSEG expected earnings of 42 cents per share. However, the platform’s

Pinterest plunges 20% after weak results as tariffs drag on ad revenue Read More »

Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs

Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs

Finance News

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who’d traveled from around the world to the company’s

Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs Read More »

Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips

Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips

Finance News

Chinese EV company Xpeng showed off its newest humanoid robot in Guangzhou on Nov. 5, 2025. CNBC | Evelyn Cheng Guangzhou, CHINA — Chinese electric car company Xpeng plans to launch robotaxis next year after previously claiming it wouldn’t be a real business in the near future and took the wraps off of its latest

Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips Read More »

Toyota profits fall for a second consecutive quarter, missing estimates, as U.S. tariffs hit exports

Toyota profits fall for a second consecutive quarter, missing estimates, as U.S. tariffs hit exports

Finance News

A sign with the Toyota logo in Surrey, England on August, 2023 Peter Dazeley | Getty Images News | Getty Images Toyota Motor on Wednesday missed operating profit estimates for the quarter ended September as the Japanese auto giant bears the brunt of U.S. tariffs.  Here are Toyota’s September quarter results compared with mean estimates

Toyota profits fall for a second consecutive quarter, missing estimates, as U.S. tariffs hit exports Read More »

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