Search results for PricewaterhouseCoopers
Industry
Tesla proxy reveals SpaceX links, signals picked up for merger preparations
Tesla’s newly released proxy statement for its 2026 annual meeting contains details that have fueled debate over a possible merger with SpaceX. It notes that independent director Ira Ehrenpreis joined SpaceX’s board in February, while CEO Elon Musk’s pay terms could change in a control transaction. Tesla also proposed an automatic voting instruction for retail shareholders on future meetings. The proxy also outlines Tesla’s holdings and revenue linked to SpaceX and xAI.
Crypto
Binance adds asset management support for 11 U.S. bond ETFs, expands push into traditional finance
Cryptocurrency exchange Binance has launched an asset management service that includes 11 U.S.-listed exchange-traded funds, according to Cointelegraph. The ETFs invest in short-term U.S. Treasuries and investment-grade corporate bonds. The service is offered through Binance Earn and is divided into cash management, stable income and enhanced yield based on investment period. Users buy actual ETF shares, while order routing, execution and custody are handled through existing brokerage infrastructure.
AI & Enterprise
Fed sees AI, data centre investment supporting manufacturing and construction demand
The Federal Reserve assessed that investment in data centres and AI is supporting demand in manufacturing and construction even as the broader U.S. expansion remains weak. In its Beige Book released on Sept. 2, the Fed said economic activity rose slightly through late August while AI-related demand stood out in several regions. Private forecasts from PwC and Morgan Stanley also project large long-term data centre capital spending, with constraints including power availability and rising costs.
