Tesla shareholders are voting to approve a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, the CEO said on social media on Wednesday, adding that passage was by wide margins.
Tesla CEO Elon Musk and his security detail depart the company's local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan Ernst//File Photo - ANALYSIS
Tesla appears to have convinced an army of small investors and major funds to ratify Elon Musk's $56 billion pay package. Now comes the harder part: persuading an already skeptical Delaware judge to recognize it.
- Business
Tesla shareholders on Thursday will vote on CEO Elon Musk's $56 billion pay package which a Delaware judge voided in January, when she called the sum unfathomable." Musk said late on Wednesday that shareholders were voting by wide margins to approve the pay package.
U.S. Secretary of State Antony Blinken said on Wednesday that Hamas had proposed numerous changes, some unworkable, to a U.S.-backed proposal for a ceasefire with Israel in Gaza, but that mediators were determined to close the gaps.
- World
Hezbollah fired the most rockets it has launched at Israel in a single day since cross-border hostilities broke out eight months ago, as part of its retaliation on Wednesday for an Israeli strike which killed a senior Hezbollah field commander.
- World
The changes that Hamas have requested to a ceasefire proposal presented by the United States are "not significant" and include the complete withdrawal of Israeli troops from the Gaza Strip, a senior leader in the group told Reuters on Thursday.
Markets
As the civil war grinds on, rebels increasingly find familiar weapons - Chinese-made commercial drones modified to carry arms - in the unfamiliar hands of the ruling junta.
The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come.
- Macro Matters
Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices.
- Markets
Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive signal for large swathes of the stock market that have languished in a rally led by Big Tech.
The United States on Wednesday dramatically broadened sanctions on Russia, including by targeting China-based companies selling semiconductors to Moscow, as part of its effort to undercut the Russian military machine waging war on Ukraine.
Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo - World
Russia's invasion of Ukraine has directly caused or paved the way to the emission of 175 million tonnes of carbon dioxide (CO2) into the atmosphere, a joint report said on Thursday.
- World
In a rare reference to the Western nuclear arsenal, NATO chief Jens Stoltenberg on Wednesday highlighted the alliance's efforts to adapt its capabilities to current security threats, taking note of Russia latest nuclear rhetoric and drills.
For stunt women, Hollywood does not have a good track record, particularly when it comes to driving.
Talking Points
Oklahoma's highest court on Wednesday dismissed a lawsuit by the last two known living survivors of the Tulsa race massacre in 1921 seeking reparations for the violence and destruction that resulted in the deaths of hundreds of Black people.
Survivors and siblings Viola Fletcher and Hughes Van Ellis listen as U.S. President Joe Biden delivers remarks on the centennial anniversary of the Tulsa race massacre during a visit to the Greenwood Cultural Center in Tulsa, Oklahoma, U.S., June 1, 2021. REUTERS/Carlos Barria/File Photo - Legal
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women.
- Legal
President Joe Biden on Wednesday nominated three women to join the federal bench, including a prosecutor who helped put a Republican donor dubbed "Minnesota's Jeffrey Epstein" behind bars for sex trafficking and a California state court judge.
The Republican-controlled U.S. House of Representatives voted on Wednesday to hold Attorney General Merrick Garland in contempt for refusing to turn over audio recordings of a special counsel interview with Democratic President Joe Biden.
Rep. Thomas Massie (R-KY) questions U.S. Attorney General Merrick Garland during a House Judiciary Committee hearing entitled “Oversight of the U.S. Department of Justice” in Washington, D.C., U.S., June 4, 2024. REUTERS/Anna Rose Layden/File Photo - World
Most U.S. voters followed the criminal trial of President Joe Biden's son Hunter Biden and the vast majority say his conviction won't affect their vote in the Nov. 5 election, according to a Reuters/Ipsos poll that closed on Tuesday.
- World
Democrat Sarah McBride could be elected the first transgender member of the U.S. House of Representatives in the Nov. 5 election, after her primary rival in deeply Democratic Delaware dropped out of the race on Wednesday.
Jerry West, widely regarded as one of the greatest basketball players of all-time whose silhouette was the inspiration for the National Basketball Association's logo, has died at the age of 86.
Kirby Lee-USA TODAY Sports - Sports
DALLAS - The Boston Celtics, one win away from sweeping the NBA Finals, insist they won't get overconfident.
- Sports
Twice world championship 100 metres bronze medallist Trayvon Bromell will not compete in the upcoming U.S. Olympic trials due to an injury, the sprinter said on Wednesday.
Russian navy ships churned into Havana harbor on Wednesday, a stopover the U.S. and Cuba said posed no threat but which was widely seen as a Russian show of force as tensions rise over the Ukraine war.
