Holiday trade hit by 'horrendous weather'
Campsites and outdoor attractions say the wet and windy Easter break hit their bookings.
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Workers take on car giant Volkswagen in fight for pay
VW workers in the south vote on whether to join a union - a test of how far worker activism has spread.
‘Grand Theft Auto’ videogame maker axing 600 jobs, scrapping projects
The cost-reduction plan is expected to result in total charges of up to $200 million.
Adidas on front foot after exiting Kanye West deal
The Samba, Gazelle and Campus shoe maker expects to make €700m (£598m) operating profits in 2024.
United Airlines blames Boeing for costing it $200 million
Even Boeing can’t keep United Airlines down. The airline reported strong travel demand and a rebound in business travel during its first quarter earnings report on Tuesday, sending its stock up in after-hours trading despite a big loss stemming from its Boeing planes getting
Republican governors say the UAW's unionization push will 'threaten our jobs and the values we live by'
Six Republican governors are pushing back against the United Auto Workers’ big unionization drive in southern car factories . The governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas issued a joint statement Tuesday decrying the UAW’s push to
Adidas is (somehow) getting a Yeezy-powered profit boost
Adidas is on a better-than-usual run. The sporting goods company raised its full year guidance after it posted a better-than-expected performance during its first quarter. And those forecasts are thanks to — of all things — its Yeezy collection . Read more...
Oracle co-founder and GOP megadonor Larry Ellison’s son gave Biden almost $1 million
The son of billionaire and Oracle co-founder Larry Ellison made his biggest contribution yet to one of President Joe Biden’s main political groups. Read more...
The Dow falters as the Fed says inflation means interest rate cuts can wait
After surging on Tuesday morning , the Dow Jones Industrial Average and other major stock indexes tapped the brakes in the afternoon as the Federal Reserve said it needs more time to deal with stubborn inflation . That means the interest rate cuts investors have been hoping are
Budget hotel vacancies top 50% as inflation-weary Americans cut back on travel
Hotels that cater to budget constrained consumers including Econo Lodge, Days Inn, Super 8 and SureStay, are feeling the greatest pinch from inflation pressures.
Google staffers storm NYC, California, Seattle offices to protest $1.2B Israel contract
They demanded that Google cancel its participation in "Project Nimbus" -- a $1.2 billion contract with Israel that involves Google Cloud as well as Amazon Web Services.
Big Tech offices are getting smaller — and that spells trouble for landlords
Alongside layoffs that have roiled tech companies in the last few months, the office market is also feeling the effects of a right-sizing in the wake of massive expansions that happened at the start of the Covid-19 pandemic. Read more...
Trump Media's TV streaming play is doomed to fail, strategist says
Lou Basenese, chief market strategist at Public Ventures LLC, spoke with Quartz for the latest installment of our “Smart Investing” video series. Read more...
Jeff Bezos' Earth Fund is giving out $100 million for AI solutions to tackle climate change
One of the world’s richest people is awarding $100 million in grants for AI solutions to tackle climate change and nature loss. Read more...
Tesla's layoffs 'leave no doubt' that Elon Musk has an EV demand problem, J.P. Morgan says
Consider Tesla’s sweeping layoffs a result of declining demand for its electric vehicles , according to J.P. Morgan analysts. Read more...
Jamie Dimon made $183 million selling JPMorgan stock. Here's how much others have made
Jamie Dimon raked in more than $180 million from his sale of 1 million JPMorgan Chase & Co. shares. Read more...
Super Micro Computer stock soars 10% after an analyst says it can hit $1,500
Super Micro Computer stock rallied on Tuesday after a Wall Street analyst hiked his price target on the shares from $600 all the way to $1,500. Shares in the AI hardware closed up more than 10%, making Super Micro Computer the day’s best performing stock in the S&P 500. It was
Potential new orders for struggling train firm
The train firm says it is in "intense" talks with the government and Transport for London.
People are giving up on Amazon Prime Video shows because of catalog errors, report says
Catalog errors on Amazon’s video streaming service are so bad that they’ve kept some viewers from finishing shows on the platform, according to internal documents obtained by Business Insider . Read more...
Tesla reportedly halts Cybertruck deliveries as customers cite issue with accelerator pedal
According to mulitple reports on social media, Tesla customers have received messages that their Cybertrucks won't be available for delivery until after April 20 due to "unexpected delays."
Morgan Stanley stock soars after blowout first-quarter earnings under new CEO Ted Pick
Investors on Wall Street were bullish on Morgan Stanley after the banking giant reported first-quarter profits that blew away analyst forecasts.
First product of Meghan's lifestyle brand revealed
The jars of strawberry jam, labelled America Riviera Orchard, have been shared with friends and influencers.
NYC saw ‘tech talent boom’ as top destination for relocating workers in 2023: study
The Big Apple posted a 3.6% net gain in tech talent, meaning more workers relocated to the city than left to pursue opportunities, the analysis showed.
Jerome Powell warns Fed needs more time to battle stubborn inflation, likely delaying rate cuts
"The recent data have clearly not given us greater confidence, and instead indicate that it's likely to take longer than expected to achieve that confidence," Powell said.
Trump Media's live TV streaming play is rearranging deck chairs on the Titanic, strategist says
Read more...
Birmingham Airport flights disrupted by incident
West Midlands Police says the airport has now reopened as there is no wider risk to the public.
A major meteor shower peaks this weekend. Here's how to watch
We haven’t experienced a major meteor shower since the Quadrantids ended in early January , but the annual meteor drought has officially ended with the Lyrids now in action. Here’s what you need to know about this yearly light show and how to watch it. Read more...
EV startup Rivian is now directing drivers to chargers that actually work
Charging in the U.S. sucks. It’s getting better thanks to some massive new investments , but it’s still incredibly common to show up at a charge site and find the only available charger is broken. The Tesla Supercharger network is currently the best in the business, which helps
Oreo maker Mondelez is being fined for limiting cross-border sales
Oreo maker Mondelēz International will have to pay millions to the European Union (EU) for restricting cross-border sales as soon as next month. Read more...
