Parent-influencers must share earnings with kids, new Illinois law says
A unique law went into effect in Illinois this week that requires influencers to pay their children for appearing in video content. Read more...
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Hollywood donors ‘furious’ at movie mogul Jeffrey Katzenberg for ‘agewashing’ Biden: report
"Everyone in town is furious with him. Furious," a top Hollywood observer told The Ankler when asked about donors' views about Katzenberg.
Tesla stock has rallied so much it's almost reversed its 2024 losses
Tesla stock jumped as high as $252 per share on Friday, marking its highest stock price so far in 2024 before dipping back below $250. Read more...
Nvidia CEO Jensen Huang sold $169 million worth of stock last month — the most ever
Nvidia’s stock has been on a hot streak this year , and its chief executive just unloaded shares worth more than he’s ever made in a single month. Read more...
Discount retailer Big Lots to shutter stores, may go bankrupt amid ‘elevated inflation’
The nationwide home goods retailer reported inflation has hit hard, resulting in yearly losses and a reliance on dwindling cash.
Airport complaints hit a near-record high last year
Americans have almost never been crankier about their dealings at the airport. The Department of Transportation announced Friday that it tallied up all the complaints it received last year about airlines and found that it received a near-record 96,853 of them — a 12% increase
For $19 a month you can lease a Nissan Leaf
For as long as there have been electric vehicles, their critics have disingenuously argued that it’s impossible for EVs to ever take hold in the U.S. until the working class can afford to drive them. Despite that not having been a prerequisite for the proliferation of pricey
Amazon's algorithms come under scrutiny in Europe
The European Union’s fight against Big Tech continued Friday when it asked Amazon to provide more information on how it is complying with the Digital Services Act (DSA), a law mandating that big companies combat harmful content on their websites and set advertising transparency
Walmart rival gaining ground in affordable pricing
Last June, Target and Kroger were at a 14% to 15% premium to Walmart. Today, that figure is sitting around 6% to 7%.
Paramount investor Mario Gabelli ‘may not sell stock’ in proposed Skydance merger
Earlier this week, heiress Shari Redstone surprised media insiders with her announcement that she was accepting a merger proposal from Skydance.
US inflation cooling, job market similar to pre-pandemic conditions, Fed says
Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said.
The E.U. slapped big tariffs on China EVs. What does that mean for Tesla's race with BYD?
1. E.U. tariffs could hurt Tesla sales in Europe when they’re already suffering in the region Read more...
Foreign beers are beating domestic heavyweights, booze giant Constellation Brands says
Beer demand is brewing — and its boosting sales for booze giant Constellation Brands. Read more...
Tesla added to China government’s official car purchase list in boost for Elon Musk
The move comes as billionaire Elon Musk seeks to expand the EV automaker's reach in China.
Climate change will make British Airways flights more expensive
Another European airline is bracing customers for more expensive flights as the industry faces pressure to reduce its greenhouse gas emissions. Luis Gallego, CEO of the International Airlines Group, told the Financial Times on Thursday that cheap fares are part of the sacrifice
JPMorgan Chase might start charging customers for checking accounts
JPMorgan Chase is threatening to start charging customers for checking accounts if new federal rules limiting overdraft and late fees are enacted. Read more...
A third of millennials and Gen Z-ers would take a pay cut for more time with their pets
Pets play a large role in how Americans make financial decisions — and for some younger Americans this even means they would take a pay cut for their four-legged friends, according to a survey from the financial services firm Empower . Read more...
Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report
Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans forcing them to fork over 5% of their sales.
Didn’t get the promotion you were vying for? These reasons might be why you were passed up
To better understand this tricky issue, career experts revealed reasons that could be causing a manager to overlook a worker for a boost in title and pay — and what to do about it.
Walgreens is closing stores — and that could make it more profitable, analyst says
Walgreens’ decision to close thousands of stores could help it in the long run, but that strategy could lead to mixed effects on consumers and its business. Read more...
Netflix real estate expert urges buyers in new direction that could ‘disrupt’ entire housing market
With mortgage interest rates hovering around 7%, prospective buyers are facing a challenging landscape with limited housing inventory and escalating home prices to boot.
Shell expects to eat $1 billion over its biofuels pivot
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...
Democratic donors are threatening to stop giving unless Joe Biden drops out
A slew of major Democratic donors, including Disney heiress Abigail Disney, have said they will withhold donations to the party until President Joe Biden drops his reelection bid. Read more...
Megyn Kelly blasts ‘power-hungry’ Jill Biden for running ‘shadow presidency’ in place of ‘infirm’ Joe
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.
Crypto hacking heists have doubled to $1.4 billion in the first half of 2024
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
Elon Musk’s X could see major fines in Europe as tech firms face crackdown
The European Commission, the EU’s competition watchdog, is reportedly set to hit X with formal charges in the coming days.
Rachel Reeves: Who is the UK's new chancellor?
In her maiden speech in the Commons in 2010, she vowed to fight for "jobs, growth and prosperity".
Russia is spending so much invading Ukraine that it's a 'high-income' country now
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,
About half of Americans can't afford a summer vacation
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...
Elon Musk has lost more money than any billionaire this year — and is still the richest person on Earth
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 stock just hit a 3-year high because AI is boosting profits
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...
