Tesla shareholders will vote this November on a proposal urging the company to invest in Elon Musk’s AI startup, xAI, as part of ongoing discussions about the automaker’s long-term strategy. The proposal, submitted by Stephen Hawk, a 56-year-old psychiatrist and long-time Tesla investor, highlights growing shareholder interest in aligning Tesla’s…
UniCredit Chief Executive Andrea Orcel signalled that the Italian lender might contemplate unloading its large holding in Germany’s Commerzbank to a non-EU buyer if the price is right and shareholders are on board. The comments underline both the ambitions and the limits of UniCredit’s ambition to reshape its European role,…
British supermarket group J Sainsbury is in discussions with Chinese e-commerce giant JD.com about a potential sale of its Argos general merchandise business. The talks, confirmed by Sainsbury’s on Saturday, come almost a decade after the retailer acquired Argos for £1.4 billion in 2016. While no agreement has been reached,…
Despite record highs in major US indexes, signs of economic deceleration are surfacing.Yet, optimism is building around a potential rate cut from the Federal Reserve, which could inject fresh momentum into the US economy.Morgan Stanley believes this environment favours select small- and mid-cap names that remain overlooked but are primed…
The past week delivered a mix of market gains, corporate surprises, and political upheavals across the globe. US equities posted their strongest performance in weeks, while Oracle’s cloud backlog announcement sent its stock soaring. In politics, the assassination of Charlie Kirk shocked Washington, Apple unveiled its latest iPhone lineup, and…
Canadian stocks are firing on all cylinders this year, despite the headwinds brought by Donald Trump’s tariffs. The TSX Composite Index jumped to a record high of $29,283, up by 31% from its lowest level this year. This article highlights some of the top catalysts to watch this week.Canada inflation…
UniCredit Chief Executive Andrea Orcel signalled that the Italian lender might contemplate unloading its large holding in Germany’s Commerzbank to a non-EU buyer if the price is right and shareholders are on board. The comments underline both the ambitions and the limits of UniCredit’s ambition to reshape its European role,…
US President Donald Trump said on Saturday that he is prepared to move forward with “major” sanctions on Russian oil, but only if all NATO member states commit to similar measures. The statement, posted on his Truth Social platform, comes as tensions escalate over Russia’s ongoing war in Ukraine and…
The past week delivered a mix of market gains, corporate surprises, and political upheavals across the globe. US equities posted their strongest performance in weeks, while Oracle’s cloud backlog announcement sent its stock soaring. In politics, the assassination of Charlie Kirk shocked Washington, Apple unveiled its latest iPhone lineup, and…
The world’s largest asset manager is set to use President Donald Trump’s state visit to the United Kingdom next week as the backdrop for a significant announcement, reported Sky News. BlackRock will unveil a £500m plan to invest in UK data centres, a move that highlights the rapid growth of…