Top proxy advisor ISS recommends against Elon Musk’s $56 billion Tesla pay package
Top proxy advisor Institutional Shareholder Services on Friday recommended that Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package
Chevron could outperform Exxon if battle over Guyana assets is resolved this year, fund manager says
So far, Exxon has significantly outpaced Chevron this year with the oil majors’ stocks gaining about 15% and 6%, respectively.
It’s OK not to be the smartest person in the room, says this tech CEO
You don’t have to be the smartest person in the room – you just have to surround yourself with really smart people, says this tech CEO. Here’s why.
Philippine president says killing of a Filipino in South China Sea clash would be ‘very close’ to act of war
Marcos was asked if a “red line” would be crossed if Chinese Coast Guard water cannons killed a Filipino sailor.
Trump campaign raises record $34.8 million in donations after guilty verdict
The Republican’s campaign said it raised $34.8 million from small-dollar donors in less than seven hours following the historic verdict Thursday afternoon.
India’s economy grows faster-than-expected in Jan-March on strong manufacturing
India’s economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter.
Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day
Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.
China fines Evergrande’s Hengda $577 million for fraudulent bond issuance
China has fined China Evergrande’s onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure.
EU approves Italian aid for $5.4 billion STMicro chip plant
The move is part of Europe’s battle to reduce reliance on Asian imports for vital manufacturing components.
Japan confirms first currency intervention since 2022 with $62 billion in spending
Data from Japan’s Ministry of Finance confirmed the country’s first currency intervention since 2022, after the yen plunged to a 34-year-low in April.
