Starboard Value, an activist fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The fund has expressed serious concerns regarding Autodesk’s disclosures surrounding an internal investigation that resulted in the removal of its CFO. The timing of Autodesk’s disclosure of the investigation raised eyebrows as it revealed that executives
Enterprise
The introduction of bitcoin exchange traded funds in January has sparked interest among financial advisors, albeit at a gradual pace. According to Samara Cohen from BlackRock, approximately 80% of bitcoin ETF purchases have been made by self-directed investors through online brokerage accounts. While hedge funds and brokerages have also shown interest in these funds, registered
Managing corporate expenses can be a challenging task for many companies. According to a survey of CFOs, employees have been known to make improper expense requests for things like doggie day spas, dance classes, and even taxidermy services. These requests highlight the issue that sometimes companies cannot trust their employees’ judgment when it comes to
Elon Musk, the CEO of Tesla, is known for his ambitious visions and bold statements. At the 2024 annual shareholder meeting, he introduced the concept of Optimus humanoid robots and claimed that they could potentially boost Tesla’s market cap to $25 trillion. This announcement comes as part of a larger narrative of Tesla entering a
The European Union recently announced higher tariffs of up to 38% on Chinese electric vehicles, causing a surge in the stock prices of Chinese EV makers. Hong Kong’s Hang Seng index saw a significant increase of 1.23% at the open, largely driven by gains in EV stocks. Leading the pack was EV company BYD, which
Apple recently announced the launch of its flagship virtual reality headset, the Apple Vision Pro, in several Asian markets including China, Hong Kong, Japan, and Singapore. This expansion marks the gadget’s first debut outside of the United States, with pre-orders set to begin on Friday. The Vision Pro, which originally became available in the U.S.
The European Union is making strides to reveal its tariff rate plan for Chinese electric vehicles this week, in an effort to combat low-priced, subsidized imports. The EU currently imposes a standard 10% duty on imported EVs; however, this rate is expected to increase for Chinese EVs starting July 4th. There are varying predictions regarding
Raspberry Pi, a British computing startup, is making waves in the technology world with its upcoming initial public offering. Set to raise an impressive £166 million ($211.2 million), this IPO is a rare success story for London’s stock exchange. With shares priced at 280 pence each, the company is now valued at around £541.6 million.
In a surprising move, Microsoft recently announced that it will be handing over the development of all its best artificial intelligence tools and software to OpenAI. This decision has raised eyebrows among industry experts, with some speculating about the implications for Microsoft’s position in the AI space. Todd McKinnon, CEO of identity security firm Okta,
Boeing’s Starliner is a space capsule that aims to transport astronauts to and from the International Space Station. This project began in 2014 with a $4.2 billion contract from NASA as part of the Commercial Crew Program. Alongside Boeing, SpaceX was also chosen by NASA to work on their Crew Dragon capsule, receiving $2.6 billion