Media Archives - Page 11 of 806

2 minute read

Tesla’s Elon Musk Accused Of Insider Trading In New Lawsuit

June 12, 7:56 AM

Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), is accused in a new lawsuit of using insider information to profit from selling Tesla shares. The Employees' Retirement System of Rhode Island claims these sales were timed before negative news that would lower Tesla's stock value.

FDIS

2 minute read

Southwest Airlines’ Free Bag Policy Under Pressure After Elliott’s $1.9B Stake

By Shivani Kumaresan

June 12, 7:54 AM

Southwest Airlines is at a crossroads with its "bags fly free" policy as Elliott Investment Management reportedly pushes for changes after acquiring a $1.9 billion stake. The airline is considering introducing fees for checked bags, aligning more with industry trends that saw $33.3 billion in baggage fees last year.

AAL

2 minute read

Taiwan Semiconductor’s European Subsidiary To Hire 2K Employees In Semiconductor Push

By Anusuya Lahiri

June 12, 7:46 AM

TSMC plans to hire 2,000 employees from Europe for its subsidiary ESMC. Joint venture with Bosch, Infineon, and NXP to build wafer fab in Dresden.

AMZN

2 minute read

Why Pest Control Giant Rentokil’s Shares Are Shooting Higher Today

By Shivani Kumaresan

June 12, 7:24 AM

Shares of Rentokil Initial jumped following news that Nelson Peltz's Trian Fund Management has boosted its stake, becoming one of the top shareholders. This strategic investment now values the company at approximately £11.8 billion.

FERG

2 minute read

Apple Co-Founder Steve Wozniak Warns Not To Get Swept Up With WWDC AI Demos: ‘Try It Yourself, See How It Works For You’

By Ananya Gairola

June 12, 5:33 AM

Apple co-founder Steve Wozniak expressed cautious optimism about Apple's new AI-powered features, emphasizing the importance of real-world usage over impressive demos.

AAPL

2 minute read

Robotaxi-Focused Elon Musk Says GM ‘Not Making The Right Moves’ With $850M Investment In Self-Driving Cruise Unit

By Shanthi Rexaline

June 12, 5:23 AM

Reports said Cruise has posted a loss of $8.2 billion since 2017, including the $3.48 billion loss it incurred in 2023 alone.

2 minute read

Tim Cook Admits He Has Doubts About Apple’s Ability To Prevent AI Hallucinations: ‘I Would Never Claim That It’s 100%’

By Ananya Gairola

June 12, 4:45 AM

Despite Apple's efforts to ensure the quality of the technology, Cook acknowledged that there is still a possibility of errors.

AAPL

3 minute read

All The Tesla CEO’s Men (And Women): Elon Musk’s Inner Circle Lobbies Hard For His Pay Plan Ahead Of Crucial Board Meet

By Shanthi Rexaline

June 12, 3:21 AM

Musk has hinted that a rejection could lead to him scaling back his involvement with the company, potentially spooking investors.

TSLA

2 minute read

Ex-Apple Siri Guru To Lead Samsung’s North American AI Division

By Ananya Gairola

June 12, 1:19 AM

Samsung Electronics Co. has combined its two North American AI research centers and appointed former Apple executive Murat Akbacak to lead the new division, signaling its increased focus on AI innovation.

AAPL