Investing.com -- Shares in Tesla (NASDAQ: TSLA) were marginally lower in premarket trading on Monday, as the electric vehicle maker prepares to hold a key shareholder vote on Chief Executive Elon Musk's pay package later this week.
Over the weekend, Norway's sovereign wealth fund revealed that it will vote against Musk's massive $56 billion pay package at a stakeholder meeting slated for June 13.
Norges Bank Investment Management, a fund worth $1.7 trillion and Tesla's... (continue reading...)
By Supantha Mukherjee
STOCKHOLM (Reuters) - Nokia CEO Pekka Lundmark made a phone call using a new technology called "immersive audio and video" that improves the quality of a call with three-dimensional sound, making interactions more lifelike, the company said on Monday.
"We have demonstrated the future of voice calls," said Lundmark, who was also present in the room when the first 2G call was made in 1991.
Current... (continue reading...)
By Ross Kerber
(Reuters) - With major Tesla shareholders appearing divided over whether to endorse Elon Musk's $56 billion pay package, the company also is looking for support from retail investors who make up an unusually high percentage of the electric carmaker's ownership base.
Small investors tend to favor management, but they often don't bother to vote, experts said.
The company's June 13 annual meeting is shaping up as... (continue reading...)
Investing.com -- U.S. stock futures tick lower ahead of week that is set to be highlighted by a Federal Reserve interest rate decision and crucial inflation data. Elsewhere, Elliott Investment Management reportedly takes a stake in Southwest Airlines (NYSE: LUV) as the activist investor looks to spur on a turnaround in performance at the low-cost carrier.
1. Futures lower
U.S. stock futures pointed lower on Monday, as investors looked ahead to a major Federal Reserve... (continue reading...)
Nvidia (NASDAQ: NVDA) is a “generational opportunity” that could grow to become 10-15% of the S&P 500 index, Evercore ISI analysts said in a Sunday note.
According to the investment banking firm, Nvidia is not just a semiconductor company but an “ecosystem play” set to lead the age of parallel processing. “driven by an every 15-20 year Tectonic Shift in Computing."
Analysts posit that Nvidia's current breakout above $1,000 per share has "unlocked the door" for the stock... (continue reading...)
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