Monthly Archives: June 2024
Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package
(CNBC) 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. To read this article:
Adobe shares soar 17% on better-than-expected results
(CNBC) The company called for adjusted earnings per share of $4.50 to $4.55 for the fiscal third quarter, with $5.33 billion to $5.38 billion in revenue. Analysts polled by LSEG were looking for $4.48 in adjusted earnings per share and […]
Roaring Kitty’s GameStop stake grows to 9 million shares after selling his big options position
(CNBC) Meme stock champion Keith Gill, known as “Roaring Kitty” online, seemed to increase his ownership in GameStop’s common stock and appears to be holding more than 9 million shares. Gill posted a new screenshot of his E-Trade portfolio on Reddit’s Superstonk […]
Bezos’ Blue Origin joins SpaceX, ULA in winning bids for $5.6 billion Pentagon rocket program
(CNBC) The Pentagon announced the first winning bidders in its rocket launch contract sweepstakes on Thursday, with Jeff Bezos’ Blue Origin grabbing a spot for the first time. Blue Origin’s winning bid came as part of contracts awarded under the Pentagon’s […]
This fintech configures expense cards to block misuse — and investors just backed it with millions
(CNBC) A startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry. CleverCards, a Dublin-based firm, uses a […]
JAG Capital Advisors and its Founder Joshua Goltry Charged with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Joshua Goltry and his investment management firm, JAG Capital Advisors LLC (JAG Advisors), in connection with a three-year scheme to defraud investors of at least $3 million. According to the SEC’s complaint, […]
S&P 500 futures inch higher after index’s first-ever close above 5,400: Live updates
(CNBC) S&P 500 futures rose slightly Wednesday night after the broad market index closed above 5,400 for the first time, following the Federal Reserve’s latest interest rate decision and a May consumer inflation print that came in cooler than expected. […]
Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
(CNBC) Databricks, the data analytics software vendor that’s among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year. Annualized sales through July, or the […]
Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates
(CNBC) The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been “modest further progress” toward […]
GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’
(CNBC) A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike in trading volume in the call options that meme stock leader “Roaring Kitty” owns. The last time Roaring Kitty, whose legal name is Keith Gill, […]
Broadcom beats earnings estimates, announces 10-for-1 stock split
(CNBC) Broadcom posted earnings for the second fiscal quarter on Wednesday that beat analysts’ estimates. It also announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on July 15. The stock rose about 10% in extended trading. To read […]
Tesla shareholder sues Musk to return billions in alleged unlawful profits
(CNBC) Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s $56 billion pay package, […]
