2 min read
Business

CalPERS Joins Forces with Peltz and Rasulo in Disney Board Fight

The California Public Employees’ Retirement System, also known as CalPERS, has officially cast its votes in support of activist investor Nelson Peltz and former Disney executive Jay Rasulo for the upcoming election of the Board of Directors at The Walt Disney Company, according to a recent report.

2 min read
Business

CEO Frank Slootman to retire from Snowflake, remain as board chair

Transition Announcement
In an official statement, Snowflake confirmed that Slootman’s retirement is part of a planned succession process. The company’s board of directors has already initiated a search for a new CEO to fill Slootman’s shoes.

1 min read
Business

Nvidia’s robust forecast outperforms expectations despite challenges in Chinese market

Nvidia has reported strong results for the third quarter, exceeding analysts’ expectations across the board. The company’s revenue totaled $4.73 billion, surpassing the consensus estimate of $4.41 billion.

2 min read
Business

U.S. recession off the table, says Conference Board analysts

Positive Economic Outlook
In a statement released yesterday, the Conference Board acknowledged that while there are still some risks to the economy, such as trade tensions and slowing global growth, the overall outlook is positive. The organization pointed to strong consumer spending, low unemployment rates, and solid job growth as indicators of a healthy economy.

2 min read
Business

Carl Icahn to strategize with JetBlue board in bid to increase shareholder value

Carl Icahn, the billionaire investor, has recently secured two seats on the board of JetBlue Airways Corporation. This move comes as Icahn looks to leverage his extensive experience in the airline industry to help steer the company towards increased profitability and value creation.

2 min read
Business

Trio of big companies, including Amazon and SpaceX, join forces in legal battle against labor board

Amazon has joined SpaceX and Trader Joe’s in a fight to declare the government labor board unconstitutional. The e-commerce giant has taken a bold stance against what it sees as government overreach, joining forces with other companies to challenge the authority of the National Labor Relations Board.

3 min read
Business

SpaceX and Amazon Unite to Take Legal Action Against U.S. Labor Board’s Constitutionality

In a surprising move, retail giant Amazon has joined forces with aerospace company SpaceX in their battle against the U.S. National Labor Relations Board (NLRB), seeking to declare the labor board unconstitutional. This unexpected alliance showcases the growing concerns among corporations regarding the regulatory power of the NLRB.

3 min read
Business

Investors in Limbo as Tesla Board Remains Silent on What’s Next After Elon Musk’s $56 Billion Pay Package is Stripped

Investors are eagerly anticipating Tesla’s next move after a court ruling revoked CEO Elon Musk’s colossal $56 billion pay package. The Tesla board’s silence on the matter has left shareholders speculating about the company’s strategy moving forward.