Uncategorized

A new legal battle is underway to determine whether Elon Musk actually gets his money after Tesla convinced shareholders to back the CEO’s $56 billion pay plan. Tesla filed court documents last week before the same Delaware Chancery Court judge who previously voided Musk’s compensation, arguing the June 13 shareholder vote offered a “principled resolution”…

Real estate prices surged nationwide when the pandemic hit. Bidding wars, all-cash offers, and contingency removals became commonplace. Now, the tide has turned in some markets. Home prices in some large US cities declined in April, according to mortgage data company ICE Mortgage (ICE). San Antonio and Austin in Texas, and Tampa, Florida — among…

The Federal Reserve has projected just one interest rate cut this year. The latest round of monthly data has some economists worried it won’t come soon enough…. On Tuesday, retail sales data for May revealed that the pace of consumer spending is cooling down from last year, easing concerns about an economy running too hot…