Chief Morgan Stanley strategist predicts 10% market correction is ‘highly likely’ before presidential vote
The analyst warned investors on Monday of a "choppy" third quarter.
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Tesla, shareholder clash over $7B legal fee request in Elon Musk pay case
For more than three hours, two experts offered opposing testimony about the benefit created for Tesla by a Delaware judge's January ruling that rescinded Musk’s $56-billion pay package.
Once high-flying Boeing is now a corporate criminal
Its woes illustrate the excesses of a lean-and-mean era in corporate America
Parents should 'immediately stop' using adapters attached to some Hatch baby sound machines
Parents are being warned to “immediately stop” using the power adapters sold with some Hatch baby sound machines after the company recalled nearly one million units for a defect. Read more...
Southwest Airlines' hedge fund foe is now threatening a proxy battle
The hedge fund trying to seize control of Southwest Airlines just announced a new escalation in its bid to run the company. Read more...
Real estate mogul, husband of Mama + Tata influencer dead at 43
The real estate mogul's cause of death has not been disclosed by family members.
Sun Valley 2024: Paramount, AI, the NBA and Disney — and why Warren Buffett won’t be at ‘summer camp for billionaires’
The invite-only events on the lodge’s sprawling grounds are a closely-guarded secret to the public, but the annual conference has traditionally served as a hotbed for dealmaking among moguls like Meta’s Mark Zuckerberg and Disney’s Bob Iger.
Collapse of Archegos hedge fund driven by Bill Hwang’s ‘lies and manipulation’: prosecutor
Assistant US Attorney Andrew Thomas told jurors that Bill Hwang manipulated stocks and worked with co-defendant Patrick Halligan to lie to the banks with which they traded.
Vending machines for ammunition have hit grocery stores across the south
A company is rolling out ammo vending machines in grocery stores across the U.S., with six already in operation. Read more...
Wind energy is powering America more than coal for the first time ever
American energy generation has gotten just a little bit cleaner this year. Data from the Energy Information Administration suggests that wind power is a bigger source of electricity than coal for the first time ever. Data from the agency says that wind was responsible for 47.7
China-owned fast-fashion site Shein’s US expansion plans pose cybersecurity risk: experts
US security experts warn that Shein's plans to expand its influence across the US supply chain could lead to the abuse of consumer data.
Activist investor threatens Southwest Airlines with board fight: ‘Profoundly out of touch’
Elliott, known for pushing changes to boost shareholder returns, has called for a reconstitution of Southwest's board with "new, truly independent" directors possessing expertise in airlines, customer experience and technology.
Tesla stock might earn back its spot in the 'Magnificent Seven'
Tesla is the weakest link of the so-called ‘Magnificent-Seven’ — a group of tech stocks that have for the most part, barring Apple and Tesla , outperformed the rest of the stock market. Now the Elon Musk EV company is making a comeback. Read more...
McDonald's and Walmart will give employees college credit for on-the-job work
Walmart and McDonald’s believe the work some of their employees do merits college credit — and they’ve managed to get a slew of colleges on board. Read more...
Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount
Ellison -- the son of tech tycoon Larry Ellison whose Hollywood production company is behind “Top Gun: Maverick” and “Mission: Impossible -Dead Reckoning” -- said Monday that he sees over $2 billion in cuts at Paramount, mostly in its linear media operations.
COVID pandemic caused whopping $18T in economic damage to US: report
The pandemic was "the most disruptive and costly event of the 21st century" and that the worldwide excess deaths from COVID were estimated to be 28 million.
Social media influencers cool to Biden after backlash from followers: ‘People my age do not want to vote for you’
Jae Gurley, a 24-year-old black and transgender fashion creator with 1.7 million followers on TikTok, said young people won't vote for the president.
Hertz is hiring Delta Air Lines veterans to fill out its executive ranks
More than a decade before Hertz CEO Gil West ran a car rental firm , he served a 12-year stint as the chief operating officer at Delta Air Lines. Now, he’s bringing some old airline colleagues over with him. Read more...
Eli Lilly is buying a digestive disease drug maker for $3.2 billion
After surging weight loss drug sales have made it the largest pharmaceutical company in the world, Zepbound maker Eli Lilly has set its sights on tackling treatments for inflammatory bowel disease. Read more...
Fox News host Shannon Bream calls out ‘dozens’ of Biden allies who weren’t ‘able or willing’ to defend president on show
The Fox News anchor said her team had been working "around the clock" contacting "dozens" of Biden advocates to no avail.
Arby's is joining the meal deal wars with a $9 bundle
Sandwich giant Arby’s is getting into the meal deal wars with a $9 bundle . Read more...
ChatGPT might rule the AI chatbots — but it can't beat Google Search
Just as online search engines took our curiosities from the shelves of libraries and onto computer screens, ChatGPT has indisputably reshaped how people across the globe seek answers to their questions. Read more...
The lawyers who killed Elon Musk's $56 billion Tesla payday want $370,000 per hour
The legal team for the shareholder who sued to shut down Tesla CEO Elon Musk’s $56 billion pay package have upped their already record-breaking demands for compensation. Read more...
Target will stop taking personal checks
Target is telling customers to leave their checkbooks at home. Read more...
Bank rate-setter says hold interest rates in August
One member of the Bank of England's committee deciding rates warns inflation could go back up.
A hacker posted 10 billion passwords — probably the biggest leak ever
A hacker exposed nearly 10 billion passwords in what’s been dubbed as possibly the largest such leak of all time. Read more...
Bitcoin rebounds to $57,000 after billions in Mt. Gox refunds fueled a selloff
Bitcoin experienced a slight rebound on Monday morning, increasing by 0.29% and trading at around $57,000 . Read more...
Almost 1,400 flights got canceled because of Hurricane Beryl
After carving a deadly path through the Caribbean over the last few days, Hurricane Beryl is moving in on the United States. The aviation tracking website FlightAware says that nearly 1,400 flights have been cancelled in America so far today as the storm makes landfall in
Microsoft tells China employees to only use iPhones and ditch Android
Microsoft employees based in China are reportedly being required to ditch Androids for iPhones as part of the company’s cybersecurity measures. Read more...
Lucid's EV sales are growing. But the company could collapse in less than a year
Lucid Motors on Monday posted strong deliveries for the April to June period as the electric vehicle maker continues its restructuring and bets its future on a new SUV. Read more...
