The news out of Tesla’s annual shareholder meeting in Austin: This...
The news out of Tesla’s annual shareholder meeting in Austin: This is Texas, and Elon Musk can hold ’em. The electric vehicle company’s shareholders voted by a wide margin to reapprove the CEO’s pay package, handing a big win to Musk and Tesla’s board.
Shareholders also approved Musk’s plan to move the company’s incorporation from Delaware to Texas.
Euro 2024 kicks off today. The 17th edition of the quadrennial football soccer...
Euro 2024 kicks off today. The 17th edition of the quadrennial football soccer tournament starts today when host country Germany faces Scotland in the first of 51 matches to determine European supremacy. Apart from the hosts, the favorites include England, France, Portugal, Spain, and defending champs Italy. The pressure is heavy on England, which has never won the Euros and hasn’t won a major tournament since the 1966 World Cup. Ukraine, meanwhile, will likely be a fan favorite in the competition as the country defends itself from Russia’s invasion. The monthlong tournament could give a fleeting boost to Germany’s economy: The country expects to sell 2.7 million tickets and earn $4 billion in additional tourism sales.
Wholesale prices unexpectedly fell 0.2% last month, further evidence that the US is getting inflation under control after the encouraging consumer price index report released earlier this week.
LinkedIn rolled out a slate of AI features, including AI-powered career coaches for premium members.
Evan Gershkovich, the Wall Street Journal reporter wrongfully imprisoned in Russia, was accused of spying for the CIA in an evidence-free indictment.
The computer servers for GameStop’s annual shareholder meeting crashed yesterday due to overwhelming interest.
Elon Musk was sued by eight former SpaceX employees for sexual harassment and retaliation, which Musk has denied.
Benchmark U.S. crude oil for July delivery rose 12 centsto $78.62 per barrel Thursday. Brent crude for August delivery rose 15 cents to $82.75 per barrel.
Wholesale gasoline for July delivery rose 3 centsto $2.42 a gallon. July heating oilrose 5 centsto $2.49 a gallon. July natural gas fell 9 cents to $2.96 per 1,000 cubic feet.
U.S. first-time unemployment claims jump to 10-month high
The numbers: Initial jobless claims surged by 13,000...
The numbers: Initial jobless claims surged by 13,000 — to 242,000 — in the week ending June 8, the Labor Department said Thursday. That’s the highest level of claims since last August. Economists polled by The Wall Street Journal had estimated new claims would fall to 225,000.
Last week, claims were unrevised as a rise of 8,000 to 229,000.
The U.S. unemployment rate dropped to 4% in May, the highest since 2022.
Key details: The number of people already collecting jobless benefits in the week ended June 1 rose by 30,000 to 1.82 million.
