State Delaware Financial News

Joe Biden's son Hunter asked federal judges on Thursday to toss out gun and tax cases filed against him, citing a legal argument made by Donald Trump. Hunter Biden, 54, was convicted in Delaware in June on federal gun charges in a historic first criminal prosecution of the child of a sitting US president. He also faces tax evasion charges in California and is scheduled to go on trial in September.

Joe Biden is taking calls to step aside as the Democratic presidential candidate seriously and multiple Democratic officials think an exit is a matter of time, according to sources familiar with the matter. «His soul searching is actually happening, I know that for a fact,» said one of the sources, who requested anonymity. «He's thinking about this very seriously.» Biden, 81, has faced increasing pressure from heavyweights in his party to cede his position at the top of the ticket after a shoddy debate performance against former President Donald Trump, the Republican nominee, raised fears about his age and ability to win in November.

Joe Biden has been detected with COVID-19 on Wednesday. It has been reported that he has returned to Delaware by cutting short his campaign in Las Vegas. The president had earlier hinted that there is only reason that will convince him to end his presidential campaign. In an interview, Biden had said that only if a doctor were to certify that he was suffering from a medical condition, would he end his campaign. As per fresh news reports, it has now emerged that Biden is more receptive to the idea of him making way for other candidates. Earlier, he had dismissed opposition to his candidature following the disastrous performance in the first presidential debate. This has been reported by CNN.

Covid-19 is trending on social media after US President Joe Biden tested positive for coronavirus on Wednesday. He is exhibiting mild symptoms. Besides that many states in the US are reporting a surge in Covid-19 cases and hospitalizations. In India,Bollywood superstar Akshay Kumar had missed the wedding ceremony of Anant Ambani and Radhika Merchant due to a COVID-19 diagnosis. After testing negative, he joined the post-wedding celebration to extend his warm greetings to the newlyweds.

LAS VEGAS -U.S. President Joe Biden, under fire from fellow Democrats to drop his re-election campaign, tested positive for COVID-19 while on a trip to Las Vegas on Wednesday and is experiencing mild symptoms, the White House said. White House press secretary Karine Jean-Pierre announced the positive test for the 81-year-old Democrat after the president of UnidosUS, a Latino civil rights organization, said Biden would not be able to speak at a scheduled event due to the diagnosis. «He is vaccinated and boosted and experiencing mild symptoms, Jean-Pierre said.

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is «outlandish,» the latest twist in a legal showdown over Musk's $56 billion pay package. The record fee request was made by investor Richard Tornetta on behalf of three law firms that represented him, including Bernstein Litowitz Berger & Grossmann. Tornetta owned nine shares of Tesla when he sued over Musk's pay package of stock options in 2018, a legal battle he ultimately won in January when the package was voided.

A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk should be voided

CNN, two radio presenters who got an opportunity to interview US President Joe Biden expressed their surprise that the president could not answer even questions that were pre-approved by his team. The president had the questions given to him before the interview and yet he could not answer coherently. This just adds to a growing number of media reports that have suggested a ‘cognitive decline’ in the US President. A Philadelphia radio show host said that Biden’s team had fed her questions before the interview. She said that the president made certain bizarre claims during the interview. This has been reported by the New York Post.

Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection

Joe Biden's politically devastating performance on the debate stage in Atlanta, several current and former officials and others who encountered him behind closed doors noticed that he increasingly appeared confused or listless, or would lose the thread of conversations. Like many people his age, Biden, 81, has long experienced instances in which he mangled a sentence, forgot a name or mixed up a few facts, even though he could be sharp and engaged most of the time. But in interviews, people in the room with him more recently said that the lapses seemed to be growing more frequent, more pronounced and more worrisome. The uncomfortable occurrences were not predictable, but seemed more likely when he was in a large crowd or tired after a particularly bruising schedule. In the 23 days leading up to the debate against former President Donald Trump, Biden jetted across the Atlantic Ocean twice for meetings with foreign leaders and then flew from Italy to California for a splashy fundraiser, maintaining a grueling pace that exhausted even much younger aides.

Failed crypto exchange FTX is seeking creditors vote on a liquidation plan, to wind-down payments in order to compensate customers.

Fallen cryptocurrency exchange FTX says that nearly all of its customers will receive the money back that they are owed, two years after its spectacular implosion, and some will get more than that.

South Carolina Gov. Henry McMaster is off to Germany next week to strengthen the business ties that have fueled an economic boom this century in the formerly struggling Southern state

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology

Even though the median U.S. CEO pay package last year was nearly 200 times more than a worker in the middle of their company pay scales, Elon Musk’s record-setting Tesla compensation dwarfs them by comparison

A shift in opinion by Vanguard, Tesla’s largest outside investor, played a pivotal role in passing a record-setting pay arrangement for CEO Elon Musk during the company’s annual meeting on Thursday, according to Reuters.

Tesla shareholders voted Thursday to restore CEO Elon Musk’s record US$44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker.

legal actions to reclaim these overpayments, which arose due to a currency conversion error from US dollars to Australian dollars. Internal communications from X's Asia Pacific HR department reveal that the overpayments, which occurred in January 2023, ranged from $1,500 to $70,000 per individual.These payments were linked to a 'deferred cash compensation' plan tied to employee shares initially priced at $54.20 USD each, the amount Elon Musk paid when he acquired Twitter in 2022.

Real estate agent Kirsten Jordan breaks down struggles facing home buyers and shares her predictions for the housing market on 'Cavuto: Coast to Coast.'

Tesla shareholders on Thursday voted to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year. Vote totals were not immediately announced. The favorable vote doesn't mean CEO Musk will get the all-stock compensation anytime soon. The package is likely to remain tied up in the Delaware Chancery Court for months as Tesla appeals the rejection.

Tesla shareholders were voting in favor of a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, the CEO said on social media on Wednesday. «Thanks for your support!» Musk said on his social media platform X late Wednesday. In his post, Musk included charts showing that the resolutions were set to pass, though shareholders are allowed to change their vote up to the start of the annual meeting.