Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker’s legal home to Texas, the CEO said on social media on Wednesday, adding that passage was by wide margins.
Chinese automaker Geely (GEELY.UL) on Thursday expressed “great disappointment” in the European Union’s decision to increase tariffs on Chinese-made electric vehicles, vowing “all necessary measures” to safeguard its legitimate rights.
Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as part of efforts to control double-digit inflation, four public sector and finance sources said.
3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropolitan Tower Life Insurance.
Goldman Sachs aims to double its lending over the next five years to ultra-wealthy private bank clients with account sizes exceeding $10 million, as it gathers more deposits to supercharge lending, the bank’s private banking chief told Reuters.
Nasdaq futures advanced on Thursday as chip stocks gained ahead of crucial inflation and labor market data that could sway expectations of interest rate cuts from the Federal Reserve.
Tesla expects to increase the price of its Model 3 because of European Union import duties on electric vehicles (EVs) made in China, the carmaker said on its website on Thursday.
The U.S. Federal Reserve may have just ducked out of the presidential campaign spotlight with a fresh set of forecasts showing no interest rate cuts are likely until after Election Day.
