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Tesla's Law Firm Involved in Drafting Delaware Law Change That Could Restore Musk's $55 Billion Pay Package

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New legislation may redefine shareholder control, influencing Musk's compensation case A law firm representing Elon Musk and Tesla has played a key role in drafting proposed changes to Delaware's corporate laws, which some experts suggest could ultimately reinstate Musk's $55.8 billion compensation package. This development comes as Musk's legal team continues to appeal a court ruling that voided the record-breaking pay deal. The proposed amendments to the Delaware General Corporation Law aim to redefine the criteria for classifying a shareholder as a "controller." Under current law, a shareholder who owns less than one-third of a company's stock can still be deemed a controller if they exercise significant influence over corporate decisions. This designation was a pivotal factor in the Delaware Chancery Court's decision to invalidate Musk's substantial compensation package. The new legislation seeks to tighten the definition, requiring a sharehol...

NVIDIA Bounces Back from DeepMind Shock Amid Growing Anticipation for Q4 Earnings and GTC

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Investors Eye NVIDIA's Performance Following Major Tech Investments NVIDIA's stock has nearly recovered from the fallout of the shock delivered by Chinese AI startup DeepMind. As of February 18, NVIDIA shares closed at $139.40, reflecting a modest increase of 0.4%. This price is almost back to the pre-DeepMind level of $142, highlighting a strong recovery. The downturn in NVIDIA's stock occurred after DeepMind unveiled a cost-effective AI model on January 27, leading to concerns that NVIDIA's expensive chips might not be necessary to the same extent. The announcement caused NVIDIA's stock to plummet by 17%, wiping out approximately $600 billion in market capitalization in a single day. However, in just about three weeks, NVIDIA has managed to rebound close to its previous stock price. This resurgence can be attributed to significant announcements from four major tech companies—Microsoft, Alphabet, Amazon, and Meta Platforms—during their earnings reports last month...

Nikola Corporation Files for Chapter 11 Bankruptcy Protection, Shares Plummet

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Once a rising star in the electric and hydrogen truck industry, Nikola faces financial collapse Hydrogen truck manufacturer Nikola Corporation has officially filed for Chapter 11 bankruptcy protection, signaling the end of a tumultuous journey that once saw the company valued at over $30 billion. Bloomberg reported on February 18 (local time) that the struggling automaker submitted its bankruptcy petition to a Delaware court. Following the news, Nikola’s stock price nosedived 47.12% in pre-market trading, reaching $0.40 per share. This sharp decline comes after a staggering 41.44% surge in the previous regular trading session, highlighting the extreme volatility driven by speculative traders. Given the bankruptcy filing, trading of Nikola’s shares is expected to be halted soon. From Market Leader to Bankruptcy: The Rise and Fall of Nikola Corporation In its bankruptcy petition, Nikola disclosed that it currently holds approximately $1 billion in assets but faces an overwhelming deb...

Buffett Increases Cash Reserves, While Fund Managers Hit 15-Year Low in Cash Holdings

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Warren Buffett’s cash accumulation contrasts with the global trend of shrinking cash reserves among fund managers / Reuters  Amid rising global uncertainties, Warren Buffett’s Berkshire Hathaway continues to build up cash reserves, even as global fund managers find themselves holding the lowest cash levels in over a decade. According to a recent survey by Bank of America, as of February 2025, global fund managers’ cash holdings have dropped to 3.5%, marking the lowest point since 2010. This sharp decline in cash holdings has been interpreted by analysts as a potential "sell signal." Bank of America further elaborated that a cash reserve below 4% indicates a sell signal, while a rise to 5% would typically signal a buying opportunity. The survey, conducted with 205 asset managers overseeing a total of $4.82 trillion in assets, revealed that 34% of participants believe global stocks will deliver the highest returns this year. Meanwhile, only 11% are reducing their bond holding...

Trump-Induced Trade War Sparks Closer US-India Relations After Summit

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India Seeks Trade Concessions Amid US Tariffs, Strengthens Defense and Economic Cooperation with the US / AP Amid the escalating trade tensions stemming from US tariff policies, India is adjusting its strategies to maintain favorable economic relations with the United States. Following a high-profile summit between US President Donald Trump and Indian Prime Minister Narendra Modi on February 13, 2025, both nations took significant steps to address mutual concerns related to trade imbalances, defense cooperation, and economic partnerships. India has long been a key player in the global trade landscape, with a consistent trade surplus of over $40 billion with the United States. However, under Trump's administration, the US has criticized India’s trade practices, labeling the country a “big trade villain” and threatening to impose tariffs to correct perceived trade imbalances. As a result, India is working to manage its trade policies to avoid further tariff escalations. In response...

Xi Jinping Extends Clemency to Jack Ma, Signals End of Tech Crackdown

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Xi Jinping's Meeting with Tech Industry Leaders Brings Optimism to China's Tech Sector Chinese President Xi Jinping held a high-profile meeting with top executives from major technology companies at the Great Hall of the People in Beijing. This pivotal gathering has raised hopes that the severe regulatory clampdown on China's tech industry, which has been in place for several years, may finally be easing. Following the meeting, the Hang Seng Tech Index in Hong Kong surged to its highest level in three years, reflecting positive market sentiment and signaling potential growth for Chinese tech companies in the coming years. During this crucial meeting, President Xi offered assurances of support to the tech industry, which has endured a period of intense regulatory scrutiny. A particularly noteworthy moment occurred when President Xi met with Jack Ma, the founder of Alibaba, and extended an olive branch by shaking hands with him. This gesture is seen as a symbolic reconcilia...

5 Reasons Why Germany's Economy is Struggling to Recover

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Factors Contributing to Germany’s Economic Downturn /  Eugene_Photo / shutterstock Germany, the world’s third-largest economy after the United States and China, has faced a significant economic slowdown in the past five years. As Europe's largest economy, it has long been recognized for its industrial prowess, especially in sectors like machinery production and luxury car manufacturing. However, Germany is now grappling with several key challenges that have contributed to its economic stagnation. Below are five major reasons why Germany's economy is struggling. 1. Energy Crisis Triggered by Russia's Invasion of Ukraine One of the most significant shocks to Germany’s economy came from the energy crisis triggered by Russia's invasion of Ukraine. In response to the invasion, the European Union and the United States imposed stringent economic sanctions on Russia, resulting in Russia cutting off natural gas supplies to Germany. Germany, which had built its industrial model...