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“Nvidia, CEO Jensen Huang hid affair to suspected Chinese spy: shareholder lawsuit” Nvidia and Chief Executive Jensen Huang were sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang’s ties with a suspected Chinese spy. According to a complaint filed in federal court in San Jose, Calif., the defendants…
In the financial world, businesses continually seek avenues for strategic growth and wealth accumulation. One compelling avenue that goes beyond traditional business operations is stock investing. Beyond the potential for capital appreciation and dividend income, businesses can make significant gains by navigating the intricacies of the stock market. In this exploration, we’ll delve into the…
“AMC Entertainment shares tank after unveiling $110M plan” Meme-stock darling AMC Entertainment saw its share price nosedive Thursday after the world’s largest movie theater chain announced plans to raise $110 million in new capital and proposed a reverse stock split. AMC shares plunged nearly 15% in midmorning trading as the stock hit a new 52-week low…
“CEO behind Trump’s Truth Social IPO begs small investors for support: source” The boss of the company looking to take Donald Trump’s Truth Social app public has personally been canvassing small retail investors in a desperate bid to keep the deal alive, The Post has learned. Patrick Orlando, CEO of Digital World Acquisition Corp., has…
“McDonald’s shareholders reject Carl Icahn’s board nominees” Shareholders have re-elected all of McDonald’s directors, the company said on Thursday, ending a boardroom battle with billionaire investor Carl Icahn who had sought to win two board seats and shine a spotlight on his campaign over animal welfare. Preliminary tallies showed shareholders backed all 12 of McDonald’s directors and…
“Elon Musk sued by Twitter investors for late stake disclosure” Billionaire Elon Musk was sued by Twitter investors for delayed disclosure of his stake in the social media company in a complaint filed on Wednesday in California federal court. The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of…
“Amazon shareholders reject investor-led proposals” Amazon shareholders on Wednesday voted against all investor-led resolutions that challenged the company’s policies — including its use of plastics and certain concealment clauses in contracts — at the company’s annual meeting. A total of 15 investor resolutions were considered, including one introduced at the meeting. The figure was a record…
“Twitter faces skeptical investors during Elon Musk talks” Twitter investors voted against re-electing an ally of Elon Musk to the board at an annual meeting on Wednesday that avoided the biggest question for the social media company: Will it complete a $44 billion sale to the billionaire? Investors voted against Egon Durban, the co-head of private…
“Kohl’s gets legal threat from investor over weak results, shareholder vote” An activist investor is threatening to sue Kohl’s, alleging that the department store chain withheld news about its weak performance earlier this month — even as shareholders voted to re-elect its board. The embattled retailer, which earlier this month won a proxy battle against Macellum…
“JPMorgan shareholders reject special payout to Jamie Dimon” Only 31% of votes cast in a shareholder advisory referendum on Tuesday supported JPMorgan Chase in its special $52.6-million award last year to CEO Jamie Dimon to stay on the job for at least five more years. The preliminary count announced at the meeting is an unusual rebuff from shareholders. While say-on-pay votes are…