New Zealand energy retailer and generator Contact Energy said on Monday that it contracted EV giant Tesla Inc (NASDAQ:TSLA) to build a grid-scale 100-megawatt battery in Auckland for NZ$163 million($99.4 million.) What Happened: The new battery storage system in Glenbrook…
Japanese multinational conglomerate SoftBank Group Corp. (OTC:SFTBY) has announced its intention to issue bonds worth approximately $1.86 billion. The proceeds will be directed towards the repayment of existing debt and a strategic shift towards artificial intelligence (AI) investments. What Happened:…
DoorDash Inc. (NYSE:DASH) reportedly expressed interest in acquiring British food delivery company Deliveroo Plc. (OTC:DROOF), but discussions stalled due to valuation disagreements. What Happened: DoorDash, a major player in the U.S. food delivery industry, initiated talks with Deliveroo last month,…
Shein, the fast fashion behemoth and rival to Alibaba‘s online fashion arm, reportedly filed for an initial public offering (IPO) in London. This move comes amid the company’s ongoing struggles with its U.S. IPO filing. What Happened: Shein’s confidential filing…
As of June 21, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a…
Editor’s note: This article has been updated with AMD’s response. Advanced Micro Devices, Inc. (NASDAQ:AMD) has confirmed that it is aware of a cybercriminal organization claiming to be in possession of stolen AMD data. Responding to Benzinga’s query, AMD stated, “We…
Microsoft Corp. (NASDAQ:MSFT), co-founder Bill Gates has expressed his confidence in the leadership of his company including CEO Satya Nadella and President Brad Smith, amid the tech giant’s ongoing federal investigation over security issues. What Happened: Gates, in a recent…
Donald Trump kicked up a controversy by calling Milwaukee a “horrible city” in a meeting with House Republicans in Washington. The former president’s niece Mary Trump, a psychologist, on Thursday took potshots at her uncle for the disparaging comment about…
Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), is embroiled in a lawsuit accusing him of leveraging insider information to profit from Tesla stock sales, according to a legal complaint initiated by the Employees' Retirement System of Rhode Island (ERSRI). The…
Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher Monday morning. The company announced its Board of Directors has rejected an unsolicited acquisition proposal from MNC Capital. The revised proposal, received on June 6, 2024, offered an all-cash transaction of $39.50…
