Shareholders of Tesla recently approved CEO Elon Musk’s $56 billion pay package, demonstrating their confidence in his leadership and vision for the company. Despite facing opposition from some large institutional investors, Musk garnered strong support from retail investors, solidifying his position at the helm of Tesla. Following the approval of Musk’s pay package, Tesla’s stock
As the financial technology industry faces a slump in investment, one startup has managed to defy the odds and secure 8 million euros in funding. CleverCards, a Dublin-based firm, is leveraging technology to address the issue of employees abusing corporate expenses. With a digital platform linked to configurable expense cards, CleverCards is offering a solution
When looking at the NZDUSD pair, it is evident that it has faced resistance around the 0.6220 level. Despite attempts to break through, the pair settled at 0.6170. The Relative Strength Index (RSI) showed a slight drop in buying pressure, while the Moving Average Convergence Divergence (MACD) displayed flat red bars, indicating a consolidation pattern.
The financial technology industry has undergone a significant shift in recent years, moving away from the unsustainable highs of 2020-2021 towards a more grounded and realistic approach. According to industry executives and investors at the Money20/20 event in Amsterdam, the sector has reached a “bottom” with valuations finally correcting themselves after a period of exuberance.
The recent imposition of extra duties by the European Union on imported Chinese electric cars has stirred strong reactions from the Chinese government and impacted various stakeholders in the automotive industry. Beijing has expressed hope that the EU will reconsider these tariffs and avoid further escalation, emphasizing the importance of cooperation between two major economic
The recent days have brought a glimmer of hope for crude oil prices as they embarked on a strong recovery journey, breaching the $75.00 resistance zone. The upward momentum was further solidified by the breaking of a key bearish trend line with resistance at $74.90 on the 4-hour chart. This surge in prices saw the
The USD/CAD pair has shown signs of recovery, reaching around 1.3730 during the early Asian trading hours on Thursday. This recovery comes after a three-day losing streak, with the US Dollar gaining strength following the hawkish stance from the US Federal Reserve. During the recent Federal Open Market Committee (FOMC) meeting, the benchmark lending rate
The ASX 200 experienced a modest increase of 0.53% during the Thursday morning session. This was driven by positive movements in iron ore and gold spot prices, along with WTI crude oil maintaining its position above $78. However, the overall momentum was mixed as some commodity prices fluctuated throughout the morning. Bank stocks showed a
Foundation Robotics Labs, a humanoid robotics startup, has recently come under fire for seeking funds under false pretenses. Co-founded by individuals with ties to bankrupt fintech firm Synapse, the startup claimed to have close ties and an imminent investment from General Motors, among others. In their investor pitch, they painted a rosy picture of GM’s
As economists predict a slight increase in US producer prices by 0.1% in May, following a 0.5% rise in April, investors are closely monitoring these numbers. A potential rise in core producer prices by 0.3% after a 0.5% increase in April could have significant implications. If the numbers come in softer than expected, investor bets
Asian currencies have shown strength against a weakening U.S. dollar in recent trading sessions. The euro, Australian dollar, and New Zealand dollar all experienced gains, with the euro even surpassing its 200-day moving average. Despite these positive movements, the Japanese yen remained under pressure ahead of a Bank of Japan meeting. Following the release of
The sell-off in GameStop shares gained momentum during afternoon trading on Wednesday, leading to a significant drop in stock prices. This downward trend coincided with a surge in trading volume in call options owned by meme stock leader Roaring Kitty, also known as Keith Gill. Despite disclosing his portfolio on Monday night, indicating his ownership