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PwC’s latest Global Top 100 report reveals a significant jump in the market cap of the world’s largest public companies. The top 100 companies now boast a combined market cap of $8,438 billion, driven by investor interest in artificial intelligence (AI). Microsoft, Nvidia, Alphabet, Amazon, and Meta contributed to 54% of the market cap growth, with Nvidia alone accounting for 20%. Other sectors besides tech, including consumer discretionary, communication services, and financials, also experienced significant growth.

The federal government and Ontario will announce a multibillion-dollar deal with Honda Motor Co. Ltd. this week in a move that will create a comprehensive electric vehicle chain in the province. The agreement includes a battery manufacturing facility, a retooled car assembly plant, and facilities for cathode materials and separator components. The investment is expected to surpass other electric-vehicle deals in Ontario, including the $7-billion Volkswagen EV plant in St. Thomas, Ont.

Probate fees in England and Wales are set to increase by 10%, while the number of cases taking over a year to be granted has surged by 65% in recent years. This double blow is adding to the burden on grieving families, who are already facing extended wait times and the emotional toll of dealing with a loved one’s death.

TCS has implemented stricter attendance requirements for employees, linking performance bonuses to office attendance. Employees with less than 60% attendance or less than three days in office per week will receive no performance bonus. Those with 75% to 85% attendance will receive 75% of the bonus, and those between 60% and 75% will receive half the bonus. TCS has also made it mandatory for employees to work 45 hours a week in the office.

Former President Donald Trump has been observed dozing off on three separate days during his hush money trial in Manhattan, according to reporters covering the case. The incidents have raised eyebrows, as Trump faces serious felony charges for falsifying business records related to hush money payments made during the 2016 presidential election.

In the ongoing criminal trial against former President Donald Trump, prosecutors have accused him of orchestrating a “criminal conspiracy” to corrupt the 2016 election by falsifying business records to cover up hush money payments made to adult film star Stormy Daniels. The prosecution alleges that Trump engaged in a scheme with former American Media CEO David Pecker to “catch and kill” negative stories about him during the campaign, which included payments to Daniels and model Karen McDougal to silence their allegations of affairs. Trump’s attorney has denied the allegations, claiming his client is “cloaked in innocence.” The trial is expected to last approximately six weeks.

A company’s name holds significant value, not only in terms of brand recognition and customer trust but also in determining its market value and share price. Changing brand elements can be risky, as it may diminish recognition and erode brand equity. Examples like GAP, Twitter, and Abrdn illustrate the potential consequences of rebranding, such as consumer backlash, significant financial losses, and reputational damage.

Over the past 24 hours, Render’s (RNDR) price has risen by 5.65%, bringing it to $9.27. This follows a positive trend over the past week, during which it experienced a 4.0% gain. The coin’s current price is still below its all-time high of $13.53.

Tata Consultancy Services (TCS), a subsidiary of Indian industrial giant Tata, is implementing strict measures to ensure employees return to the office full-time. The company is reducing bonuses for those who work remotely and incorporating office attendance into performance reviews, potentially affecting promotion opportunities. This follows the company’s decision last October to scrap hybrid working for most employees.

Lucid Group (LCID) has received mixed analyst ratings, ranging from bearish to bullish. In the last 30 days, 5 analysts have rated the stock as indifferent, 2 as somewhat bearish, and 0 as bullish or somewhat bullish. The average 12-month price target is $3.63, with a high estimate of $4.50 and a low estimate of $2.90. Analysts have decreased the average price target by 34.0% from a month ago.