(Reuters) -NYSE Equities said on Monday it was currently investigating a reported technical issue regarding Limit Up-Limit Down bands, sending dozens of stocks listed on the exchange into volatility pauses.
The LULD mechanism is meant to prevent trades in securities from occurring outside of price bands. The bands are set at a percentage level above and below the average reference price of the security over the immediately preceding five-minute period.
... (continue reading...)(Reuters) - Tesla on Monday defended a proposal to ratify CEO Elon Musk's $56 billion pay package and said a new compensation would be costlier, days after a top proxy advisory firm recommended shareholders to vote against the proposal.
The electric-vehicle maker argued that his pay package - one of the biggest in corporate America - motivated Musk to create "tremendous value" for shareholders.
This was in response to Institutional... (continue reading...)
Investing.com -- Shares in Spotify (NYSE: SPOT) jumped in premarket U.S. trading on Monday after the music-streaming service announced that it had raised the prices of its premium offering in the U.S.
On a monthly basis, an individual subscription to Spotify's premium plan in the U.S. will now cost $11.99, up from $10.99. Its duo plan is now set at $16.99 a month from $14.99, while its family plan will run consumers $19.99 instead of its prior price of $16.99.
The... (continue reading...)
Investing.com -- Here are some stocks making moves in U.S. premarket trading on Monday, June 3. Please check back later for updates:
Shares in Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) rose after the semiconductor groups both made announcements around their development of new artificial intelligence-optimized chips.
GameStop (NYSE: GME) shares skyrocketed by over 80% after Keith Gill, known as DeepF— Value on Reddit, posted a screenshot... (continue reading...)
By Max A. Cherney
TAIPEI -Arm Holdings aims to gain more than 50% of the Windows PC market in five years, the chip designer's CEO said, as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British firm's technology.
Arm's U.S.-listed shares climbed 2.6% in pre-market trade on Monday.
Demand for use of Arm's technology in personal computers got a boost after Microsoft unveiled ambitious... (continue reading...)
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