Elon Musk dishes on ‘growing alliance’ with Trump: ‘Huge fan of the Cybertruck’
"He does call me out of the blue for no reason," Musk said of Trump. "I don't know why, but he does."
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Bates learned of knighthood at Post Office inquiry
The campaigner had travelled to hear former CEO Paula Vennells give evidence when he received the news.
Boeing and NASA have delayed the Starliner landing
The Boeing CST-100 Starliner is facing yet another delay. Though the spacecraft successfully launched June 5 after weeks of last-minute hold-ups that followed nearly a decade’s worth of waiting, it will take a little bit longer to come home than originally thought. Read more...
Barclays suspends sponsorship of Live Nation music festivals after acts quit over Israel ties
The suspension comes after several artists, including country singer CMAT, metal band Ithaca and comedian Joanne McNally, pulled out of the events.
Trump Media thinks Elon Musk's 'commitment to free speech' could take users from Truth Social
There are a lot of threats to Trump Media & Technology Group ’s business, at least according to the company. Among them are risks from former president Donald Trump’s involvement, media coverage, and competition from Elon Musk’s X, the company has said in regulatory filings.
A Southwest Airlines Boeing plane was grounded after a 'Dutch roll'
A different Boeing 737 Max model is making headlines for the wrong reasons. Read more...
Apple to reportedly face EU charges for stifling competition with App Store policy
The reported charges are what would mark the first time EU officials have gone after a Big Tech giant for violating a sweeping digital law.
Wall Street bankers, lawyers losing out on hundreds of millions after Paramount’s scrapped Skydance merger: sources
Wall Street bankers and white-shoe law firms are losing out on hundreds of millions of dollars in fees after Shari Redstone this week made a last-minute decision to scrap plans to merge Paramount with Skydance Media, sources close to the talks said.
Google loses bid to avoid trial in DOJ’s digital advertising antitrust case
Google had argued for a win without a trial, saying that antitrust laws do not block companies from refusing to deal with rivals and that regulators had not accurately defined the ad tech market.
NYC sues Margaritaville hotel over $54K noise complaints fine, despite ‘vigilantes’ crackdown
A controversial "noise vigilante" who brought complaints against the Margaritaville hotel received a cut of the fines businesses pay the city.
Elon Musk wins, robots are the future, and tariffs hit the Model 3: Tesla news roundup
All things considered, this week has been a major win for Tesla and Elon Musk. Investors overwhelmingly approved his $46 billion compensation plan — the largest in U.S. history. Some on Wall Street , as well as Musk himself, see a path for Tesla to become the most valuable
Mike Rowe praises Chick-fil-A over $35 summer camp for kids: ‘God bless them’
A Chick-fil-A in Louisiana was charging $35 so that kids between the ages of five and 13 could have a three-hour session with the restaurant's managers.
Microsoft ships new laptops without including controversial new AI feature — for now
The company said it was delaying a “broadly available” preview of Recall that was supposed to be included with new PCs starting Tuesday.
IRS hit Americans with $7B in tax penalties last year after Biden beefed up agency
Last year, the IRS issued $7 billion in tax penalties -- nearly four times the $1.8 billion that it assessed in 2022.
Gas is a lot cheaper this summer
Bucking the usual pattern, gas prices are actually falling as the summer driving season gets going. This week, the Energy Information Administration noted that the average cost-per-gallon at the pump is about $3.43 in the U.S. That’s about 6.5% lower than where prices were in
Donald Trump is a 'huge fan' of Tesla's Cybertruck, Elon Musk says
Elon Musk says he won’t be joining a potential second Donald Trump administration. But he’s been talking a lot with the former president. Read more...
Boeing plane investigated after 'Dutch roll'
Air regulators are investigating new issues with Boeing planes.
Amazon's AI-powered Alexa is reportedly not even close to being ready
Amazon changed the virtual assistant game when it launched Alexa in 2014 — but since then, it seems to have fallen behind in the race. Read more...
Elon Musk and Jeff Bezos might be entrusted with America's national security space missions
The Department of Defense has selected Elon Musk’s SpaceX and, for the first time, Jeff Bezos’ Blue Origin to compete for national security space mission contracts over the next five years. Boeing and Lockheed Martin’s joint venture United Launch Alliance (ULA) was also
Tesla files paperwork to ditch Delaware after shareholders approve move, Elon Musk’s $56B pay win
Nearly 90% of shareholders voted in favor of the move, leading Musk to quip on X that he was sending a cake to Delaware “as a parting gift.”
Grown-ups surpass preschoolers as the biggest toy consumers: ‘Most important age group’
Toy enthusiasts over the age of 18 accounted for $1.5 billion in sales from January to April, according to data from Circana.
Food companies worried about weight loss drugs can just make healthier food, Eli Lilly CEO says
David Ricks, the CEO of Mounjaro and Zepbound maker Eli Lilly , says that food, diet, and fitness companies have called him for advice regarding the growing popularity of the company’s diabetes and weight loss drugs. Read more...
Boeing faces FAA probe over fake titanium found in plane parts
Boeing said the issue involves the broader industry and some titanium shipments received by a limited set of suppliers, affecting a small number of airplane parts.
Barclays suspends festival funding after protests
There had been protests over the bank's links to Download, Latitude and the Isle of Wight festivals.
Social Security payments could see steep cuts starting in 2033
Trustees for Social Security and Medicare released a report examining the health of the key trust funds, which found that they are on pace to be depleted in roughly a decade.
Elon Musk says Tesla robots will power the company to a $30 trillion market cap
As Elon Musk celebrated Tesla shareholders overwhelmingly approving his multibillion-dollar compensation package on Thursday, he unveiled a wild prediction for his company: Eventually, Tesla will be worth $30 trillion. Read more...
Adobe stock is riding AI hype to its best day since 2020
Adobe stock is rising the most it has in a single day in more than four years. That’s all thanks to AI. Read more...
Eli Lilly wants to replace Zepbound with an even stronger weight loss drug
Skyrocketing sales of tirzepatide — the active ingredient in Mounjaro and Zepbound — transformed Eli Lilly into the most valuable pharmaceutical company in the world, however CEO David Ricks says the company is looking ahead to a successor of the blockbuster drug. Read more...
Apparently Mark Zuckerberg thinks Meta has too many vice presidents
Meta’s “year of efficiency” is reportedly turning into “permanent efficiency” — and now its hundreds of vice presidents are on the cutting block . Read more...
Supermarket sandwiches linked to E. coli outbreak
Retailers are removing at least 56 types of sandwiches, wraps and salad from UK supermarket shelves.
Firm co-founded by Milwaukee Bucks’ billionaire co-owner wants to save Red Lobster from bankruptcy
Fortress Investment Group is the most likely company that is expected to take charge of the struggling casual dining chain, according to Bloomberg.
Donald Trump is wooing CEOs with promises of a 20% corporate tax rate
Presumptive Republican presidential nominee Donald Trump is wooing Wall Street and beyond with sweet talk of lower tax rates. Read more...
