Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Saudi Arabia is selling about $12 billion worth of shares in its national oil company Saudi Aramco as the kingdom seeks more capital for its sovereign wealth fund. The Saudi government will sell at least … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. ConocoPhillips has agreed to buy rival Marathon Oil in an all-stock deal that values the Houston-based company at $22.5 billion, including debt, as a wave of consolidation continues to sweep through the U.S. oil patch. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A $10 billion real estate fund managed by Barry Sternlicht’s Starwood Capital is strictly limiting its investors’ ability to exit their investments as it preserves liquidity and avoids a massive asset sale in what the … Read more
Tesla investors are lobbying to shoot down the largest moonshot compensation plan in history. A group including New York City pension funds filed a notice Monday urging others to vote against Tesla CEO Elon Musk’s $46 billion stock option package at the company’s June 13 shareholder meeting. New York City Comptroller Brad Lander, who serves … Read more
The Comptroller of New York City and seven financial firms are recommending Tesla shareholders give a thumbs down to the electric car maker’s ~$50 billion compensation package for CEO Elon Musk. The suggestion was part of a letter signed by NYC Comptroller Brad Lander and the aforementioned companies, filed with the Securities and Exchange Commission … Read more
Astronomers have discovered an Earth-sized planet that is receiving so much radiation that its atmosphere has long since eroded away, leaving it barren. Life as we know it cannot exist on this sizzling world, but astronomers are interested in it for another reason: for the first time, they may be able to see the geology … Read more
Open AI has put the finishing touches to its latest generative artificial intelligence (AI) model, known as ChatGPT-4o, at an event earlier this week. The upgraded AI chatbot can now have real-time conversations and communicate through text, images and video – identifying and solving a math equation based on a photo in one demo. ChatGPT-4o … Read more