A major investment in green energy is going poorly for Shell. The oil company announced Friday that it would be taking up to $2 billion in charges this quarter, partly for its sale of a refinery in Singapore and partly for a biofuels plant in the Netherlands. Read more...
A slew of major Democratic donors, including heiress Abigail Disney, have said they will withhold donations to the party until President Joe Biden drops his reelection bid. Read more...
Jill Biden is seen as one of the key figures in the president's inner circle who is encouraging him to resist increasing pressure to bow out of the race.
During the first half of this year, cryptocurrency hackers stole twice as much as they did in the first half of 2023, according to blockchain intelligence firm TRM. By June 24, 2024, hackers had stolen $1.38 billion, compared to $657 million at the same time last year. Read
Russia’s outsized military spending continues to blunt the impact of economic sanctions during its war in Ukraine. The World Bank said that it was upgrading the country’s economic standing to its top-tier “high-income” category from its earlier “upper-middle-income” status,
Around half of Americans can’t afford to take a summer vacation this year thanks to the rising costs of living , according to a new survey. Read more...
At the start of this year, Elon Musk had so much money that he could pretty much single-handedly solve world hunger with his $251 billion fortune. However, stagnating Tesla sales , endless struggles with his takeover of Twitter and the turbulent value of Tesla stock means he’s
Samsung estimated its second quarter operating profit will jump more than 1,450% year-over-year, sending its stock to a three-year high Friday morning. Read more...
Shelby McFaddin, an investment analyst at Motley Fool Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series. Read more...
Elon Musk mocked Mark Zuckerberg’s Fourth of July celebrations – which included surfing while clad in a tuxedo and drinking a beer – in the latest instance of the longstanding feud between the two men. Read more...
The Motion Picture Association-Canada (MPA-Canada), which represents Netflix, Disney+, Paramount, and other streamers, has asked the country’s Federal Court of Appeal to review a new rule that would require streaming companies to pay the Canadian government a cut of their
Bitcoin is bleeding as defunct crypto exchange Mt.Gox has started repaying its customers — and it’slikely that some of those customers have begun selling that Bitcoin. The leading cryptocurrency traded around $55,000 Friday morning, after falling more than 4% in a day and
The United Kingdom’s Labour Party won in a landslide in Thursday’s elections, taking back power from the Conservative Party after 14 years. The center-left party’s win boosted U.K. stocks, especially those homebuilding companies, as the party promises to bring back economic
Netflix, originally a DVD rental service, sparked the streaming revolution when it launched its streaming service in 2007. Now nearly two-decades later, Netflix is still one of the few profitable streaming platforms with over 269 million paid subscribers around the globe. The
Restaurant and food CEOs have been in the spotlight amid the rise of appetite suppressing GLP-1 drugs — first made popular by the diabetes treatment Ozempic. However, the impact of these highly-coveted medications will ripple across a variety of sectors including the alcohol
Walt Disney World is a key player in the world of entertainment. The Orlando, Florida-based resort is widely known for being a magical place that welcomes those of all ages. Read more...