Rivian stock jumped more than 50% on Volkswagen's $5 billion investment
Rivian Automotive and Volkswagen Group are joining forces as they look to develop software technology that will help drive their production of electric vehicles. Read more...
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Royal Mail buyer to make offer for all staff shares
He needs the approval of shareholders of three quarters of the business.
Fans fume as Disney World makes major change to Genie reservation system
Guests staying at a Disney Resort hotel will have the option of booking the three experiences and times a week in advance.
Delta is opening a 39,000 square-foot lounge for its fanciest flyers
Delta Air Lines just unveiled a sweet perk for its fanciest flyers. Read more...
NYPD clears out dozens of ‘unlawful’ delivery bikes from front of Roosevelt Hotel shelter
Dozens of delivery bikes parked outside The Roosevelt Hotel have been cleared away by NYPD as part a stepped-up crackdown on unregistered and illegal mopeds and e-bikes.
The FDA has issued a nationwide recall of over 60 ice cream brands
Less than a week into summer, the Food and Drug Administration has announced a national recall of certain ice cream products. Read more...
Carnival's stock is up after a quarter that 'shattered' expectations
A lot of people want to take cruises these days. Read more...
Nvidia's stock is rebounding after it lost half a trillion in market value
Nvidia’s shares were up over 5% during mid-day trading on Tuesday, after slipping Monday , putting it back behind Microsoft and Apple, which it had briefly passed to become the most valuable company in the world . Read more...
Delta launches its most luxurious lounge ever at JFK, with fine dining, massages and showers at massive, new ‘Sky Club’
The airline is set to open up its exclusive, 39,000-square-foot Delta One lounge, the largest of its "Sky Club" offerings, on Wednesday.
Tesla recalls 11K Cybertrucks over faulty windshield wipers, loose trim
Both recall notices impact more than 11,000 Cybertrucks. In both cases, Tesla will make the repairs free of charge and owners will be notified by Aug. 18.
Consumer confidence takes hit on worries about US economic outlook
"Strength in current labor market views continued to outweigh concerns about the future,” said Dana Peterson, the Conference Board’s chief economist.
Home prices hit new record high as shortage deepens pain for would-be buyers
Prices increased 6.3% nationally in April when compared with the previous year, the S&P CoreLogic Case-Shiller index showed and 0.3% on a monthly basis.
Judge rejects Visa, Mastercard $30B settlement over controversial swipe fees
The settlement announced in March was intended to resolve most litigation that began in 2005 over so-called swipe fees, also known as interchange fees, that merchants pay to accept Visa and Mastercard, and which the card networks set.
Oracle says US ban of TikTok would hurt its profits
The law “will make it unlawful to provide internet hosting services to TikTok,” an annual report published Monday read.
Lufthansa is making flyers pay for its climate change costs
As climate change increases pressure on the airline industry to reduce greenhouse gas emissions, some of the costs of doing so are being passed on to consumers. German airline Lufthansa announced Tuesday that it would begin charging an “environmental cost surcharge” to help
Uber locking out NYC drivers to avoid paying them for ‘idle time’
Uber drivers in the Big Apple are fuming over the move, saying their income has dropped by as much as 50%, according to Bloomberg News.
Amazon and Walmart are facing off with competing summer shopping events
Big retailers are gearing up for their summer shopping events. Read more...
The massive car dealership cyberattack already has lawsuits flying
A man sued CDK Global after it suffered massive cyberattacks, claiming the auto software company neglected to safeguard his private information. Read more...
Amazon is working on a ChatGPT competitor
The company behind the online retail revolution is getting in on the artificial intelligence revolution, too — with a secret weapon. Read more...
Boeing is hitting a snag in buying its 737 Max fuselage supplier
Boeing is getting close to reacquiring the supplier who built the 737 Max 9 fuselage that lost a door plug mid-flight earlier this year. The Wall Street Journal and Bloomberg are reporting that details of a potential $4 billion deal for former subsidiary Spirit Aerosystems are
Apple rejected Meta's attempt to put its AI on the iPhone, report says
As Apple explores partnerships to put established AI chatbots on its iPhones, it will not be looking to Meta. Read more...
Wrongly jailed sub-postmistress rejects apology
Ex-Fujitsu engineer Gareth Jenkins says sorry to Seema Misra but she says it is "too little, too late".
Ozempic maker Novo Nordisk just got access to one of the world's largest weight loss markets
Novo Nordisk’s GLP-1 weight loss treatment Wegovy has been approved for use in China, opening up one of the world’s largest weight loss markets to the Danish pharma giant. Read more...
Ford is recalling more than half a million pickup trucks because they can suddenly downshift
Ford is recalling more than half a million models of its F-150s after some of the pickup trucks are suddenly downshifting into first gear. Read more...
Microsoft hit with antitrust charges by EU over ‘possibly abusive’ business practices
The European Commission said Monday it informed Microsoft of its preliminary view that the US tech giant has been “restricting competition.”
Janet Yellen says inflation will return to normal without a recession
Treasury Secretary Janet Yellen thinks the Federal Reserve could hit its 2% inflation target in 2025, with a soft landing well in her sights. Read more...
We finally know how many Tesla Cybertrucks have actually been sold
Thanks to the Tesla Cybertruck’s never-ending string of issues , we finally get a look at exactly how many electric pickups Tesla has sold. Read more...
