Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company over the weekend. The shares would be worth about $29 billion.Tesla stock climbed about 2% Monday.The company said in a filing Sunday that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position.The new award would be forfeited if the legal battle over his 2018 compensation ends with Musk being able to exercise the larger pay package, which was valued at $56 billion.In January, Chancellor Kathaleen McCormick upheld a prior ruling in…
Author: usaeverydaylife
The housing market will hamper economic growth in the second half of the year, according to Goldman Sachs. Residential investment should fall 8% in the back-half of the year compared with the same period a year ago, Jan Hatzius, Goldman’s chief economist, told clients in a Sunday note. Declines in affordability and immigration are among the key causes of weakness in the housing market, he said. “Residential investment is likely to remain the largest drag on growth,” Hatzius wrote. Hatzius said multifamily homebuilding is likely to continue to operate at depressed levels through December. At the same time, the number…
A Nike (L) and Decker’s Hoka store.Reuters | Getty ImagesDeckers’ rally after its recent quarterly earnings release was short-lived. As of this writing, Deckers is only about 5% above its 52-week lows. This is not a particularly compelling price action unless the stock manages to begin to rebound from these lows – a so-called bearish-to-bullish reversal. This situation is compounded by the relative weakness we’ve seen in consumer discretionary stocks generally, something we highlighted only a week ago when we wrote about XLY.Nevertheless, we can sometimes identify trade ideas that look to mitigate sector or industry-specific risks by using a…
You’re experienced. You’re sharp. You know what you’re talking about. So why is it that people sometimes talk over you, miss your emails, or overlook your ideas? Often, it comes down to the words you use.As a keynote speaker, LinkedIn Learning Instructor, and author of “Unforgettable Presence,” I’ve taught dozens of Fortune 500 teams how to communicate with authority and confidence. What I’ve found is that the most impactful perception changes come from transforming the small interactions you have every day, whether you’re writing an email, speaking up in a meeting, or even messaging in Slack. How you choose to communicate…
Harvey co-founders Winston Weinberg and Gabe PereyraCourtesy of HarveyArtificial intelligence startup Harvey on Monday announced it has reached $100 million in annual recurring revenue, or ARR, just three years after its launch. Harvey runs an AI-powered legal platform for lawyers at law firms and large corporations. Its technology can help with legal research, drafting and diligence projects, and the company is also building industry-specific use cases. Winston Weinberg, co-founder and CEO of Harvey, said the startup’s ARR milestone has largely been driven by usage. Harvey has surpassed 500 customers, including CNBC’s parent company, Comcast, and its weekly average users have quadrupled over…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCBerkshire Hathaway shares dipped after Warren Buffett’s conglomerate reported a small decline in operating earnings, while continuing a stock-selling spree and a buyback halt.The Omaha-based giant saw operating earnings including those from its insurance and railroad businesses decline dip 4% year over year to $11.16 billion in the second quarter. While railroad, energy, manufacturing, service and retailing all reported higher profits from a year ago, a drop in insurance underwriting dragged down overall results.Class A and B shares of Berkshire both declined about 1% in…
Here are Monday’s biggest calls on Wall Street: Bank of America reiterates Nvidia as buy The firm said it sees a robust “beat/raise” when Nvidia reports earnings in late August. “Solid capex trends with n-t China boost.” Compass Point downgrades Coinbase to sell from neutral Compass said in its downgrade of the stock that it sees an “extended valuation into crypto sell-off.” “We are downgrading COIN to Sell from Neutral and reducing our PT to $248 (-$82). While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in…
Joby Aviation will acquire helicopter ride-share company Blade Air Mobility’s passenger business for up to $125 million, Joby said Monday, as it works to speed the deployment of electric air taxis for commercial passenger services.Blade’s medical organ transplant division is not part of the deal and will remain a separate public company rebranded as Strata Critical Medical, but will partner with Joby on medical transportation.Joby is working to win Federal Aviation Administration certification of its electric vertical takeoff and landing aircraft or eVTOLs.Joby CEO JoeBen Bevirt said the company is on track to begin FAA Type Inspection flight testing early next year,…
Persistently high gold prices could be a catalyst for shares of Kinross Gold Corp , according to UBS. UBS initiated research coverage of the gold and silver mining stock with a buy rating and a $20 per share price target. The bank’s stock evaluation implies about 23% upside over the next year from Friday’s $16.21 close. Analyst Daniel Major attributed his optimism on Kinross to a bullish view on gold prices, which he said should remain “elevated” at around $3,500 an ounce into 2026. Bullion is traditionally viewed as a safe haven asset and hedge against inflation and political risk.…
Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have “thousands” of vehicles across Europe in the “following years,” the two companies said.Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company FreeNow, which is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France.Deployment of the…
