Tesla Inc (NASDAQ:TSLA) shares have taken a beating following a one-two punch of daunting geopolitical developments.  The electric car giant has been compelled to reduce prices in China amidst increasing domestic and international competition, with the likes of Volkswagen and China’s Xpeng Inc (NYSE:XPEV) marking down their prices. Compounding Tesla's challenges is the suspension of most production at its Berlin plant in response to ongoing pirate attacks in the Red Sea, which have disrupted global shipping ...

Apple Inc (NASDAQ:AAPL, ETR:APC)'s chief executive officer Tim Cook took a $36 million pay cut - and still received $63.2 million in compensation in the last financial year. Cook backed a shareholder call for the reduction, meaning the iPhone maker's CEO makes 75% of remuneration in stock awards. So, how does this not-insubstantial sum for the year to September 30 tot up? Well, Cook received a comparatively modest $3 million in salary followed by $47 million in stock awards, $10.7 million in what was descri ...

CVS Health Corp (NYSE:CVS) plans to shut some of the pharmacies located in American retailer Target Corporation (NYSE:TGT)'s department stores from next month, according to reports.   The move forms part of efforts by CVS, which trades shares on the London and New York stock exchanges, to reduce the number of stores on the ground as it shifts its strategy towards being a health service provider.   CVS is expected to close pharmacies from February through to April, and dozens of pharmacies could be shuttered ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Microsoft became the world’s largest company for a brief spell as excitement over its AI-associate OpenAI sent its value up to US$2.88 billion. It didn’t last long, however, with long-time number one Apple regaining the top spot as shares in Microsoft eased back after the opening burst. In contrast to Microsoft, sentiment has been moving against the iPhone maker since the start of the year due to concerns over sales of smartphones in China and the US. Apple, which at one time was valued at more than US$3tri ...

Google parent Alphabet Inc (NASDAQ:GOOG) may have to stump up nearly €2.5 million in antitrust fines handed out by the European Commission over its anticompetitive shopping practices. In 2017, the Commission determined that the results of product searches made using Google’s general search engine were positioned and displayed in a more eye-catching manner when the results came from Google’s own comparison shopping service than when they came from competing comparison shopping services. Moreover, competing r ...

Ryanair Holdings PLC (LSE:RYA) boss Michael O’Leary has said his airline has previously discovered issues in jets delivered by Boeing Co (NYSE:BA, ETR:BCO), as pressure builds on the US-based manufacturer. "We ourselves have found minor issues on aircraft deliveries that shouldn't be occurring in a world class manufacturer like Boeing,” O’Leary said on Thursday. His comments follow the grounding of over 170 Boeing 737 Max 9 jets globally following an incident in which a door plug panel blew off an Alaska Ai ...