Tesla shareholders are suing CEO Elon Musk and members of the automaker’s board of directors over Musk’s decision to start xAI, which they say is a competing AI company, and then divert talent and resources from Tesla in the new startup. The lawsuit is one of the most direct challenges to Musk’s decision to start … Read more
Christy Goldsmith Romero, a lawyer who spent more than a decade rooting out fraud and other misconduct at banks that received federal bailouts in the run-up to the 2008 financial crisis, has been tapped to be the next head of the Federal Reserve Bank of America. Deposits, the White House announced on Thursday. Her selection … Read more
A legal threat from investor Mario Gabelli was a “major factor” in this week’s unraveling of Shari Redstone’s $8 billion deal to merge Paramount Global with its “Mission: Impossible” production partner Skydance Media, The Post. When Redstone made a surprise move to pull the plug on the deal this week — just before a special … Read more
CABIA President Tom Manzo joined Fox & Friends to discuss how the minimum wage increase has affected the fast food industry as thousands are forced out of a job. California’s new $20 minimum wage for fast food workers has already caused restaurant prices to rise and foot traffic to drop since it went into effect … Read more
With JPMorgan at the top of the list, the United States has extended its lead as the home of the world’s largest companies according to the annual Forbes Global 2000 ranking. Strong US markets are to be commended. from Hank TuckerForbes Staff WAs Americans continue to grapple with high grocery prices and the highest mortgage … Read more
On Thursday, Tesla ( TSLA ) shareholders will find out whether Elon Musk’s record $56 billion pay package will be reinstated after a Delaware judge struck down an earlier one. “I am voting yes without enthusiasm; I’m voting yes out of principle,” early investor Ibrahim AlHusseini told Yahoo Finance. Personal feelings aside, he said Tesla … Read more
As of Wednesday, X users are no longer able to see which posts others have liked, with a few exceptions. Kirill Kudryavtsev/AFP via Getty Images hide title change the subtitles Kirill Kudryavtsev/AFP via Getty Images X, the app formerly known as Twitter, is implementing another controversial change. Starting this week, users won’t be able to … Read more
Traders work at the GameStop trading floor on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop’s The annual shareholder meeting was interrupted by computer problems on Thursday after servers crashed under the overwhelming interest in the stream, a customer service representative … Read more
Keith Gill, the meme stock trend setter known as Roaring Kitty, may have sold his recently disclosed options at GameStop amid a surge in trading, market experts speculated. Gill — who made a surprise return to social media last month after not posting anything online for years — had revealed a sizable GameStop stock and … Read more
MDMA or ecstasy is under consideration for FDA approval to treat PTSD, but the future is uncertain. MirageC/Getty Images/Moment RF hide title change the subtitles MirageC/Getty Images/Moment RF The psychedelic drug MDMA is nearing the end of a decades-long effort to enter mainstream medicine, but instead of celebrating, supporters now find themselves wondering if the … Read more