business

The Top Questions Tesla Shareholders Want Musk To Address At Thursday’s Annual Meeting

Tesla, Inc.’s TSLA annual shareholder meeting is scheduled to be held on Thursday at 5:30 pm ET. This will be a hybrid event, allowing limited in-person attendance at the company’s Giga Austin facility, while any shareholder as of June 6 could join the meeting virtually. A live video webcast of the event is available for …

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AMTD Digital market cap shoots from $1 billion to $400 billion: What is it and who is behind it?

What in the world is AMTD Digital, and who is behind it? That’s the question many investors are asking themselves after an unknown company out of Hong Kong managed to join the ranks of the global megacaps worth around a half-trillion dollars on Tuesday. It started when the American Depository Share (ADS) with the ticker …

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Zomato Share Price Crashes And Recovers On Potential Uber Investment Exit

Shares of Indian food delivery app Zomato Ltd crashed up to 9.6% in opening trade on the BSE following reports Uber Technologies Inc UBER is looking to sell its entire stake in the firm for up to $373 million. The offer price range for the deal stood between INR48-54 per share, the report stated citing …

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Twitter Seeks Evidence On Elon Musk Attempts To Torpedo $44 Billion Deal

Twitter is looking into Musk’s motivation for backing out of the deal, legal experts said.(File) Wilmington: Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal …

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30-year fixed mortgage rate saw biggest weekly decline since 2020

Check out what’s clicking on FoxBusiness.com. A decline in the rate on a 30-year mortgage had a positive effect on several areas of the real estate market in the past week. “The 30-year fixed rate saw the largest weekly decline since 2020, falling 31 basis points to 5.43%,” said Joel Kan, MBA’s associate vice president …

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Starbucks Reports Record Revenue, Driven Mostly by Gen Z’s Love of Iced Drinks

Customers flocking to Starbucks and ordering Pineapple Passionfruit refreshers and Iced Shaken Espressos helped propel the coffee giant’s revenue to a record $8.2 billion in the latest quarter, the company said on Tuesday. And while McDonald’s and other restaurants and food companies that have reported earnings over the last couple of weeks have noted that …

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Equipment derailment damaged third rail on Red Line

Early morning riders on a part of the MBTA Red Line were diverted to shuttle buses Tuesday while crews worked to repair damage caused by an overnight derailment of construction equipment. The construction equipment derailed on the Red Line near Quincy Center at approximately 1:20 am, MBTA spokesperson Joe Pesaturo confirmed. He said the derailment …

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