US Steel Dips as Trump Opposes Buy, Tesla Pay Rejected by Judge

Dec 3, 2024 at 12:18 PM
US Steel (X) witnessed a significant decline in its shares early on Tuesday. President-elect Donald Trump's post on Truth Social, stating his firm opposition to the once prominent US Steel being acquired by Nippon Steel of Japan and vowing to prevent the deal from proceeding, had a profound impact. Meanwhile, Tesla (TSLA) has announced its intention to appeal a judge's rejection of CEO Elon Musk's $56 billion pay package. Musk took to X, emphasizing that shareholders should have the authority over company votes rather than judges.

Trending Tickers and Key Guests

On Yahoo Finance, several other tickers are making waves. Super Micro Computer (SMCI), Intel (INTC), and Zscaler (ZS) are among the trending ones. Key guests scheduled to participate include:- At 9:05 a.m. ET, Cameron Dawson, the Chief Investment Officer of NewEdge Wealth.- At 9:45 a.m. ET, Craig Irwin, the ROTH MKM Senior Research Analyst.- At 10:30 a.m. ET, Andrew Bialecki, the CEO of Klaviyo.- At 10:40 a.m. ET, Greg Hewitt, the CEO of DHL Express U.S.- At 11:50 a.m. ET, David Peterson, the Head of Advanced Wealth Solutions at Fidelity.The situation involving US Steel and Tesla has drawn significant attention. US Steel, with its long history and once great standing in the industry, now faces uncertainties due to the potential block on the acquisition. This has sent shockwaves through the market, affecting not only the company's shareholders but also the overall sentiment towards the steel sector.Tesla, on the other hand, is embroiled in a legal battle over CEO Elon Musk's pay package. The rejection by the judge and Tesla's subsequent decision to appeal highlight the complex dynamics within the company and the importance of executive compensation in today's business world. The outcome of this appeal could have far-reaching implications for Tesla and its shareholders.Super Micro Computer, Intel, and Zscaler also play important roles in the tech and business landscape. Their trending status on Yahoo Finance indicates that they are areas of interest and potential growth. Each of these companies has its own unique set of challenges and opportunities, and their performance will be closely watched by investors and industry experts alike.In conclusion, the events surrounding US Steel, Tesla, and the other trending tickers are shaping the business and financial world. The decisions and actions of key players such as Trump, Musk, and the various guests will continue to have a significant impact on these companies and the markets they operate in. Investors and stakeholders will be closely monitoring these developments to make informed decisions and navigate the ever-changing business environment.