The Energy Information Administration says that electric vehicles are now using more energy than trains in the United States. The tidbit was included in the agency’s analysis of its monthly report on American electricity usage. The electric vehicle news outlet Electrek noticed
A month after its ‘ halving ’ and in the midst of Bitcoin Pizza Day this week, the leading cryptocurrency seems to be in the mood for celebration. Read more...
The Memo is taking a break next week. We’ll be back on June 3! Read more...
Microsoft launched the laptops as its shares trade near record highs following a Wall Street rally driven by expectations that AI will fuel strong profit growth for the company and its Big Tech rivals.
Consumers may be holding off on spending money during their weekday lunch excursion, but that doesn’t mean they’re not splurging on the weekend. Read more...
Financial disclosure forms released by federal judiciary show that Alito sold between $1,000 and $15,000 of AB InBev stock on Aug. 14 of last year.
Dimon told analysts at JPMorgan Chase's annual investor day on Monday that "the timetable [for his retirement] isn't five years anymore."
Those considering whether to try medications like Ozempic for weight loss may soon be able to tell how effective the treatment will be for them. Researchers have found a genetic profile that is likely to lose the most weight after taking semaglutide — the active ingredient in
This is a free country, or so I’m told. While that doesn’t mean you’re entitled to lifesaving healthcare without going bankrupt, it does mean that if you own a hot dog bar in Las Vegas, Nevada, you can host an unofficial meet-and-greet with world famous cartoon pup Bluey and
German auto giant BMW sold at least 8,000 MINI Cooper vehicles containing parts made by a banned Chinese supplier, according to a new report from the United States Senate. Read more...
The son of a Detroit delicatessen owner, Boesky was once considered one of the richest and most influential risk-takers on Wall Street.
A $2 billion settlement has been reached between New York Attorney General Letitia James and failed crypto lender Genesis to repay their investors. The settlement is said to be the largest against a cryptocurrency company in New York’s history. It mandates restitution for
Curtis Priem, 64, donated more than $75 million so that RPI could obtain the computer, which was manufactured by IBM, the Wall Street Journal reported. RPI is said to be the first university to receive its own quantum computer.
Remember when you could just search for the information you needed on the internet and be reasonably certain the internet would provide you with a useful answer? Google , has a new idea: What if there was a way to spend billions of dollars on a system that provides users with
World leaders are floating the idea of levying a global tax on the world’s richest people — and America wants no part of it. Read more...
CalPers, the largest state pension fund in the United States, released a statement Monday that it will oppose the entire board of directors slate at its annual meeting next week as well as the re-nomination of the company’s CEO because of a climate change-related lawsuit Exxon
Shoppers who flock to Target will end up paying less for products such as milk, meat, bread, soda, fresh fruit and vegetables, according to the firm.
Up until Monday, no Democrats had called for Gruenberg’s replacement, although several came very close to doing so in their own statements.
Those who back the idea say it would close the wealth inequality gap while allowing governments to spend more on social programs with tax revenues.
Ahead of the company’s annual developer conference kicking off Tuesday, Microsoft announced its latest push into artificial intelligence with new branding named Copilot Plus PCs. The brand will denote Microsoft laptops that come equipped with AI hardware and support for AI
Skechers is already making plans for next year’s Super Bowl. Read more...
The millennial-skewed telehealth platform Hims & Hers announced Monday that is now offering customers a compounded version of semaglutide, the active ingredient in popular weight loss drugs like Ozempic and Wegovy. Read more...
Red Lobster's largest investor "forced huge cost reductions, including many that were penny wise and pound foolish because they hurt sales.”
Gold prices hit a new record high Monday, with futures briefly topping $2,427 a troy ounce. It’s still around that level. More broadly speaking, it is 17.1% more expensive now than it was at the start of the year. That’s a better performance than the S&P 500, which is only up
Federal auto safety regulators have closed a probe into more than 110,000 Tesla Model X vehicles after Elon Musk’s automaker issued appropriate fixes for faulty seat belts. Read more...
The concerns are reportedly centered on underwater fiber-optic cables in the Pacific Ocean that are partially owned by the Big Tech firms and used to maintain the flow of data from the US to Asia.
In the five-year period ending in 2023, an average of 146 nursing homes or assisted-living facilities in Florida have closed each year.
New hires at JPMorgan Chase are being trained to take on the growing potential of artificial intelligence , as the bank continues to establish itself as a leader in the space. Read more...
Ryanair CEO Michael O’Leary says that his airline’s customers in Europe aren’t feeling good about the economy, and they’re buying fewer plane tickets as a result. Read more...
