A Delaware judge issued an opinion Monday upholding an earlier ruling that voided a $56 billion compensation package, proposed in 2018, for Tesla CEO Elon Musk. Musk’s legal team challenged the January ruling by Chancellor Kathaleen McCormick of Delaware’s Court of Chancery citing, in part, the outcome of a June vote by Tesla shareholders that […]
The cryptocurrency market regained some footing after South Korean President Yoon Suk-yeol reversed his declaration of martial law — less than six hours after imposing it. The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. Around 190 lawmakers in the country’s 300-member parliament voted to reject the martial […]
Crypto exchange Bybit, is launching a new physical Bybit Card in Brazil, following the success of its virtual offering which aims to remove barriers to everyday crypto sending. Bybit users in Brazil can now pre-register interest, with free card issuance on offer for a limited time. The crypto exchange has explained that it continues its mission […]
Back in August, Google said it would be using Gemini large language models to improve Assistant on smart speakers/displays with better responses and a new voice. This is beginning to roll out for some users and commands. Depending on the command, some Nest users are hearing different voices today. (We’re not seeing this on devices […]
Tesla CEO Elon Musk on Monday lost his bid to get his 2018 CEO pay package reinstated when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Tesla said in a post on social […]
The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems. The new measures, unveiled by the outgoing Biden administration, have raised the political temperature between the world’s top two economies ahead of the […]
FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and dozens of companies backed by his namesake firm, Andreessen Horowitz — were being fundamentally “debanked” by U.S. financial institutions (FIs). “Did you know that 30 tech founders were secretly debanked?” tweeted Elon Musk […]
JP Morgan analyst Reginald L. Smith noted that 2024 was a tale of two halves for fintech stocks. After a lagging start to the year, the aggregate market cap of the analyst’s fintech coverage universe has increased more than $65 billion since mid-September, fueled by cheerful calendar third-quarter 2024 results and management commentary, two rate […]
Payless launches its game-changing Bank-to-Payless feature, redefining youth-friendly mobile payments in Kenya. The feature simplifies direct transfers, reflecting Kenya’s rapid adoption of fintech and mobile banking solutions. With a young, tech-savvy customer base in mind, Payless is positioning itself as the next big thing in African fintech. Swiping Right on Simplicity Kenya’s Payless has dropped […]
The deal will give the building society millions of customers and about £89 billion in assets. First announced in May, the acquisition is expected to complete on 1 January 2025 after Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) approval. The process of joining the two is expected to take several years, with […]
DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately. Jeep-maker Stellantis said its process to appoint a new CEO […]
President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by […]
