Tag: Yahoo Finance

Musk nears $346 million payday as Tesla market value soars

Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months. Shares of Tesla surged 9% to a record high on Monday. Musk has already hit an operational target that is also necessary for the options to vest....

Bitcoin surges to two-month high amid major breakout

Bitcoin rallied by more than 5% in a matter of hours following yesterday evening's daily candle close. It is now trading well above the $8,400 level and the 200 exponential moving average (EMA) on the daily chart, both of which have acted as bitter points of resistance over the past month. What's most important now is whether Bitcoin can close tonight's daily candle above the $8,400 level, which would provide confirmation for the breakout. As a continued surge to the upside seems most likely, the next logical stopping point would be the $8,830 level of resistance that suppressed price action in June last year before the eventual rally to $14,000. The $9,250 level may also come into play, although arguablyThe post Bitcoin surges to two-month high amid major breakout appeared first on Coin Rivet....

Nokia slashes 180 jobs in Finland but invests in 5G

The Finnish telecoms equipment maker Nokia said on Tuesday it plans to cut around 180 jobs in Finland this year, while also planning to invest more in 5G technology and digitalization. The company said its 5G product development in Oulu and elsewhere in the country would be excluded from the 180 job cuts this year, out of its 6,000 employed in Finland. The company is on a quest to restore investor confidence following concerns that it is lagging its peers Ericsson and Huawei [HWT.UL] in 5G development....