Tesla said Wednesday it will ask shareholders to reinstate CEO Elon Musk’s $56 billion pay package, which a Delaware judge voided earlier this year after ruling that the record-setting compensation deal was “deeply flawed.” Tesla also said it would ask shareholders to approve moving the company’s incorporation from Delaware to Texas. Musk had suggested the move after his pay package was ruled illegal. The announcement ...

Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point in the trading session, the ...

Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point in the trading session, the ...

The Federal Aviation Administration lifted a ground stop for all Alaska Airlines flights Wednesday after grounding the planes earlier as a result of a computer problem at the carrier. The Seattle-based airline said in a statement that an issue arose “while performing an upgrade to the system that calculates our weight and balance.” The FAA initially approved a ground stop ...

Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But that’s not how investors treated the latest news out of Tesla. Shares of the electric vehicle maker tumbled almost 6%, falling to their lowest since May of last year, after CEO Elon Musk told employees the company is eliminating ...

In-N-Out isn’t your typical burger joint, and it insists expanding its footprint won’t change that. For nearly eight decades, the West Coast restaurant chain has remained a private, family-owned company that has cultivated fiercely loyal customers and a quirky identity despite being located in just a handful of states. But recently it’s been on a growing spree that will soon ...

More than 5,500 years ago, two women were tied up and probably buried alive in a ritual sacrifice, using a form of torture associated today with the Italian Mafia, according to an analysis of skeletons discovered at an archaeological site in southwest France. Researchers investigated the unusual position of three female skeletons found in 1985 at the site in the ...

Astronomers have spotted the most massive known stellar black hole in the Milky Way galaxy after detecting an unusual wobble in space. The so-called “sleeping giant,” named Gaia BH3, has a mass that is nearly 33 times that of our sun, and it’s located 1,926 light-years away in the Aquila constellation, making it the second-closest known black hole to Earth. ...

A lack of air defenses meant Ukraine was powerless to prevent a Russian airstrike last week that destroyed the biggest power plant in Kyiv region, President Volodomyr Zelensky said. Russia fired 11 missiles towards the Trypilska power plant, Zelensky said. Ukrainian air defenses downed the first seven missiles, but the next four completely destroyed the plant. “Why? Because we had ...

A record quantity of bribes, including cash, booze, drugs and precious metals, has been seized by Indian election authorities in the run-up to mammoth nationwide polls that begin on Friday. The Election Commission of India (ECI) on Monday revealed it had recovered inducements worth just over $550 million since March — the largest amount in the country’s 75-year electoral history. ...