(Reuters) -Tesla blocked shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for breach of duties, according to a filing with the U.S. Securities and Exchange Commission on Friday. Three percent of Tesla’s shares amounts to about 97 million shares worth about…
(Reuters) – Tesla will add Chipotle executive Jack Hartung to its board of directors and audit committee in June, the electric vehicle maker said on Friday. Hartung’s addition will expand Tesla’s board to nine members. Joe Gebbia, the co-founder of Airbnb was the last addition to the board in 2022. Tesla’s board has come under…
By Brijesh Patel (Reuters) – Gold prices have fallen almost 10% from a record high just above $3,500 per ounce in April as a de-escalation in U.S.-China trade tensions punctured momentum, but analysts are sticking with a bullish outlook due to strong underlying support for the metal. Spot gold was trading around $3,180 an ounce…
(Reuters) -OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be one of the largest in the world, Bloomberg News reported on Friday. The ChatGPT maker is expected to be one of the primary anchor tenants for a 5-gigawatt data center campus in Abu Dhabi, the…
By Anuja Bharat Mistry (Reuters) -Michael Burry’s Scion Asset Management has doubled its stake in Estee Lauder, at a time when the beauty giant’s new CEO is steering the company through a transformation to overcome weak demand in key markets such as North America and China. The U.S. investor, whose bets against the U.S. housing…
By Echo Wang NEW YORK (Reuters) -AI startup Cohere has doubled its annualized revenue since the beginning of the year, driven by growing demand for secure, customized AI tools among enterprise clients in regulated sectors, the company told Reuters. The company has crossed an annualized revenue of $100 million as of May 2025, according to…
(Reuters) -Chipmaking equipment maker Applied Materials missed Wall Street estimate for second-quarter revenue on Thursday, against the backdrop of heightened uncertainty around the ongoing trade war and export curbs. Shares of the Santa-Clara, California based company fell 2% in extended trading. For the quarter ended March 31, the company reported revenue of $7.10 billion, while…
(Reuters) -Warren Buffett’s Berkshire Hathaway said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while selling its holdings in Citigroup and Brazilian fintech lender Nu Holdings. Berkshire disclosed the trades in a regulatory filing detailing its U.S.-listed stock holdings as of March 31. It said its Constellation stake grew…
By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users…
(Reuters) -Cisco Systems said on Wednesday that its finance chief Scott Herren will retire from the company in July 26, and raised its annual results forecast, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom. Herren will be replaced by Mark Patterson, currently Cisco’s chief strategy officer,…
