Author: News Room

By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla (NASDAQ:) shareholders will vote on June 13 to ratify Elon Musk’s $56 billion pay package, which a Delaware judge voided in January because she found he improperly controlled the process. They will also be asked to approve moving the company’s legal home to Texas from Delaware. Below is a look at the potential legal fight standing in the way of Musk’s pay day. WHAT IMPACT WILL THE SHAREHOLDER VOTE HAVE? If shareholders reject the move to Texas and Musk’s pay, it will vindicate the court’s ruling that described Musk’s pay as “unfathomable,”…

By Leah Douglas and Jarrett Renshaw (Reuters) – Little to no ethanol will qualify for U.S. sustainable aviation fuel (SAF) subsidies under a new pilot program by President Joe Biden’s administration, which toughened climate requirements at the last minute, according to a Reuters review of government data and people familiar with the matter. The issue could hurt the biofuel industry, which sees SAF as ethanol’s best chance at growth since electric cars have cut into its market as a gasoline additive. It could also hinder Biden’s goal of producing 30 billion gallons of SAF by 2030. He once promised 95%…

Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing. In a letter to Attorney General Merrick Garland, Schumer and his colleagues expressed “serious concern” about “alarming” allegations from federal regulators that a Texas oil tycoon tried to conspire with OPEC to inflate oil and gasoline prices. “The federal government must use every tool to prevent and prosecute collusion and price fixing that may have increased gasoline, diesel fuel, heating oil and jet fuel costs in a way that has materially harmed…

The Pound Sterling exhibits choppiness around 1.2700 as the US core PCE Inflation comes under the spotlight. UK’s high service inflation remains a barrier to the sustainable return of price pressures toward the 2% target. Traders pare Fed rate-cut bets for September due to the stubborn inflation outlook. The Pound Sterling (GBP) trades in a tight range near the round-level figure of 1.2700 against the US Dollar (USD) in Thursday’s European session. The GBP/USD pair is broadly under pressure due to uncertain market sentiment ahead of the United States (US) core Personal Consumption Expenditures Price Index (PCE) data for April,…

Key Points: KuCoin Convert delists Polyhedra’s ZK token. Polyhedra and zkSync conflict over the same ticker code. Polyhedra brands zkSync a “robber” for using their ticker code. KuCoin delists Polyhedra’s ZK token amid a scandal over the token ticker ‘ZK’ being claimed by both Polyhedra and zkSync. Bybit has adjusted the ticker symbol. KuCoin Delists Polyhedra’s Token Amid Battle For ‘ZK’ Token Symbol In a recent announcement, KuCoin Convert will be delisting Polyhedra’s ZK token at 8:00 on May 31, 2024 (UTC). After the delisting, users will no longer be able to trade this token on KuCoin Convert. However, on…

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The Biden campaign is trotting out big names to deliver their message to voters, but leading up to the 2024 election, many in Hollywood are wary of jumping into the fray amid a hyper-divisive political landscape, multiple sources told CNN. CNN spoke with a dozen publicists, agents and political strategists who are advising celebrities this upcoming election cycle. All of these individuals described the high risk involved for public figures to make an endorsement in today’s polarized world, explaining that many celebrities might instead align themselves with specific issues rather than a candidate this year. More endorsements are expected in the months to come and will kick…

As the US solar supply chain industry faces multiple challenges, the jury is still out Authored by Michelle Davis, Head of Global Solar, Wood Mackenzie These days, it feels like the US solar industry is constantly in the news. Whether it’s new solar generation records in Texas, or shrinking residential solar demand, the dynamic industry continues to garner national attention. And this is especially the case when it comes to the development of the US’s solar supply chain. When the Inflation Reduction Act (IRA) was passed in August of 2022, it included numerous incentives to build factories to produce solar…

This as-told-to essay is based on a conversation with Andrea Mac, a growth strategist at Prequal from the Greater Chicago area. It’s been edited for length and clarity.For the last seven years I’ve built a business that made just under $550,000 in 2023. I’m projecting that I’ll make seven figures in 2024.Despite this income, my husband and I have not agreed to — nor do we plan to — pay for the college tuition of our oldest daughter, a sophomore at the University of Iowa.Stating that feels vulnerable and unpopular because, within our network, this is an uncommon or less commonly talked-about…

The couple, who are both English-as-a-second-language (ESL) teachers, met while working in Vietnam in 2014. Bustling Ho Chi Minh City was a far cry from the suburbs of Chicago, where Knighten, 38, grew up.But the move made sense for Knighten.”I need to see new things, and my wanderlust needs to be satiated,” she told Business Insider.After a few years in Asia, Knighten and Cordier, who is 46, got teaching jobs in the UAE with annual salaries just shy of $70,000.”Making $1,500 a month was not going to cut it for the rest of our lives,” she said.They decided to save…