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Davos organizers: Musk wasn’t invited despite what he says

  • Jan. 17, 2023, 9:42 p.m.
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FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington. A federal judge on Friday, Jan. 13 2023 rejected Tesla CEO Elon Musk’s bid to

via apnews.com

Luxury giant LVMH hits 400 billion euro in market value

  • Jan. 17, 2023, 8:42 p.m.
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MILAN, Jan 17 (Reuters) - LVMH (LVMH.PA) shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros ($434 billion) for the

via www.reuters.com

Scenes from Tampa’s ‘dead mall,’ alive with nostalgia

  • Jan. 17, 2023, 5:42 p.m.
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TAMPA — Like an archeologist identifying traces of the past, Tyler Gantert strolled the tiled corridors of University Mall, filming as he passed dormant storefronts with rolled-down cages and dusty po

via www.tampabay.com

Jury selection begins in Tesla shareholder case over Musk's 2018 tweets

  • Jan. 17, 2023, 11:42 a.m.
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SAN FRANCISCO, Jan 17 (Reuters) - Jury selection kicked off on Tuesday in a case brought by Tesla Inc (TSLA.O) shareholders who claim Elon Musk's 2018 statement that funding was "secured

via www.reuters.com

China’s first population decline in 60 years sounds demographic alarm

  • Jan. 17, 2023, 9:42 a.m.
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China's population dropped last year for the first time since 1961. The historic turn marked the start of a looming demographic and economic crisis. (Video: Reuters) Listen Comment on this story Comm

via www.washingtonpost.com

Russia's Sberbank 2022 net profit drops 75.7% to 300 bln roubles

  • Jan. 17, 2023, 9:42 a.m.
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MOSCOW, Jan 17 (Reuters) - Russia's largest lender Sberbank (SBER.MM) on Tuesday posted a 75.7% drop in net profit to 300.2 billion roubles ($4.4 billion) in 2022, as Western sanctions o

via www.reuters.com

Goldman misses profit estimates as dealmaking, asset management take a hit

  • Jan. 17, 2023, 8:42 a.m.
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Jan 17 (Reuters) - Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in

via www.reuters.com

Taiwan chipmaker UMC imposes strict cost controls over weak demand

  • Jan. 17, 2023, 7:42 a.m.
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Summary Summary Companies Q4 revenue +14.8% y/y, -10% q/q 2023 capex $3 bln vs $2.7 bln in 2022 'Challenging environment' to persist in Q1 TAIPEI, Jan 16 (Reuters) - Taiwanese chipma

via www.reuters.com

Russia's McDonald's successor applies for trademark in Kazakhstan

  • Jan. 17, 2023, 5:42 a.m.
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ASTANA, Jan 16 (Reuters) - Vkusno & tochka, the Russian successor brand to McDonald's (MCD.N), has applied to have its trademarks registered in neighbouring Kazakhstan following the U.S.

via www.reuters.com

Household wealth optimism collapses, global survey shows

  • Jan. 16, 2023, 7:42 p.m.
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[1/3] People enjoy warm weather in front of the city of London financial district in London, Britain, May 18, 2022. REUTERS/Hannah McKay Jan 16 (Reuters) - Barely two in five people bel

via www.reuters.com

Gas Rollercoaster Throws Europe’s Inflation Outlook Wide Open

  • Jan. 16, 2023, 1:42 p.m.
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Made Series focused on the designers, artists, and craftspeople behind some of the world's most impressive bespoke creations

via www.bloomberg.com

China Bad-Debt Firms Plan Property Support of Up to $24 Billion

  • Jan. 16, 2023, 10:42 a.m.
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Bloomberg Law Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. The show examines all aspects of the legal profession, from intelle

via www.bloomberg.com

Companies still hungry for U.S. workers

  • Jan. 16, 2023, 10:42 a.m.
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Despite scary headlines about layoffs, most employers are still hungry for workers — underpinning a still-hot labor market. For evidence, look at the unemployment rate (above), which at 3.5% is near

via www.axios.com

3D-printed homes level up with a 2-story house in Houston

  • Jan. 16, 2023, 8:42 a.m.
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3D-printed homes level up with a 2-story house in Houston Enlarge this image toggle caption Anthony Vu/Hannah Anthony Vu/Hannah 3D printing is taking home construction to new heights. In Houston, a

via www.npr.org

Tesla under fire in Germany over union concerns on working hours, contracts

  • Jan. 16, 2023, 6:42 a.m.
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BERLIN, Jan 16 (Reuters) - Tesla (TSLA.O) has come under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speakin

via www.reuters.com

90% of online content could be ‘generated by AI by 2025,’ expert says

  • Jan. 16, 2023, 3:42 a.m.
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90% of online content could be ‘generated by AI by 2025,’ expert says Generative AI, like OpenAI's ChatGPT, could completely revamp how digital content is developed, said Nina Schick, adviser, speake

via finance.yahoo.com

Hertz increased its fleet of electric rental cars — then, its profits exploded

  • Jan. 15, 2023, 11:42 p.m.
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Hertz discovered that electric vehicles are between 50-60% cheaper to maintain than gasoline-powered cars. Rental car company Hertz is shifting into high gear on the road to electric vehicles (EVs).

via www.thecooldown.com

Apple Card Has Cost Goldman Sachs Over $1 Billion in Losses

  • Jan. 15, 2023, 7:42 p.m.
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Goldman Sachs has lost $3.03 billion in nearly three years on its group of businesses, called Platform Solutions, that houses Apple Card. Bloomberg reports(Opens in a new window) that the credit card

via www.pcmag.com

As department stores continue to shut down, dollar stores see a resurgence

  • Jan. 15, 2023, 3:42 p.m.
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As department stores continue to shut down, dollar stores see a resurgence Department stores like Bed, Bath, and Beyond continue to shut down due to financial loss during the pandemic, but budget sto

via www.npr.org

Home Depot soon changing how it pays hourly employees

  • Jan. 15, 2023, 1:42 p.m.
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Home improvement retailer Home Depot is making a nationwide change to how it pays hourly employees next week. "As laws, technology and workplace practices continue to evolve, we’re changing our pract

via www.foxbusiness.com

Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week

  • Jan. 15, 2023, 9:42 a.m.
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Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Starting Jan. 30, employees within commuting distance will be required to report to t

via www.cnbc.com

After a Burst of New Businesses, a Cooling Economy Intrudes

  • Jan. 15, 2023, 6:42 a.m.
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But despite a slowdown that could harm new businesses, many economists are optimistic that the rush to start businesses that began in 2020 will still translate into job growth, innovation and, ultimat

via www.nytimes.com

Airbus withdraws from U.S. FAA Boeing safety culture panel

  • Jan. 14, 2023, 11:42 p.m.
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WASHINGTON, Jan 13 (Reuters) - European planemaker Airbus (AIR.PA) said it had withdrawn from a U.S. government-named panel reviewing Boeing’s (BA.N) safety processes and how they influe

via www.reuters.com

Surging egg prices mean record profits for largest US egg producer

  • Jan. 14, 2023, 7:42 p.m.
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New York CNN — A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has found that it can make even more money out of every egg. The egg s

via www.cnn.com

Tesla turns up heat on rivals with global price cuts

  • Jan. 14, 2023, 5:42 p.m.
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Summary Summary Companies Tesla cuts prices globally by up to 20% Shares fall in U.S. trade, drag rivals lower Move follows price cuts across Asia last week Some models now qualify for U.S. credit

via www.reuters.com

Surging egg prices mean record profits for largest US egg producer

  • Jan. 14, 2023, 5:42 p.m.
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New York CNN — A spike in egg prices has squeezed customers. But even with rising costs of its own, the leading US egg supplier has found that it can make even more money out of every egg. The egg s

via www.cnn.com

Consumer expenditures for athletic gear, game tables, and exercise equipment doubled in 2021 : The Economics Daily: U.S. Bureau of Labor Statistics

  • Jan. 14, 2023, 3:42 p.m.
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Consumer expenditures for athletic gear, game tables, and exercise equipment doubled in 2021 The average consumer unit spent $111.80 on athletic gear, game tables, and exercise equipment in 2021. Tha

via www.bls.gov

Paying back Covid loans is hammering millions of businesses

  • Jan. 14, 2023, 8:42 a.m.
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CNN — At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit. “It’s very challenging,” owner Alan Popovsky said. “I’m still going t

via www.cnn.com

Tesla slashes prices across all its models in a bid to boost sales

  • Jan. 14, 2023, 6:42 a.m.
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Tesla slashes prices across all its models in a bid to boost sales Enlarge this image toggle caption Jade Gao/AFP via Getty Images Jade Gao/AFP via Getty Images Tesla has cut the prices of its most

via www.npr.org

JPMorgan paid $175 million for a hot startup. Now it claims its CEO faked 4 million clients.

  • Jan. 14, 2023, 6:42 a.m.
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Charlie Javice launched her company Frank in 2017 when she was 24 and a recent Ivy League grad with the goal of helping students apply for college financial aid. By 2021, she was lauded as a business

via www.cbsnews.com

Miami Heat home arena gets temporary name after FTX collapse

  • Jan. 14, 2023, 6:42 a.m.
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FILE - The FTX Arena logo is seen where the Miami Heat NBA basketball team plays on Nov. 12, 2022, in Miami. Attorneys for the U.S. bankruptcy trustee in Delaware and several major media outlets are c

via apnews.com

BMW planning major investment in Mexico, minister says

  • Jan. 14, 2023, 2:42 a.m.
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[1/3] The logo of BMW is seen at the LA Auto Show in Los Angeles, California, U.S. November 20, 2019. REUTERS/Lucy Nicholson MEXICO CITY, Jan 13 (Reuters) - German carmaker BMW (BMWG.DE

via www.reuters.com

U.S. to lend ioneer $700 million for Nevada lithium mine

  • Jan. 13, 2023, 4:42 p.m.
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[1/2] Ford Motor Co. shows the all-new electric Mustang Mach-E vehicle for a photo shoot at a studio in Warren, Michigan, U.S. October 29, 2019. Picture taken October 29, 2019. REUTERS/Rebecca Cook

via www.reuters.com

Gaming Platform Azarus to list on Uniswap - onramps multi-million streaming audience to blockchain

  • Jan. 13, 2023, 11:42 a.m.
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San Francisco, CA --News Direct-- Azarus will be hosting a keynote stream in partnership with Animoca Brands at 7am UTC on Wednesday, December 14th (11pm PST on Tuesday, December 13th) to reveal the

via www.benzinga.com

Wells Fargo misses profit estimate on higher reserves, scandal costs

  • Jan. 13, 2023, 10:42 a.m.
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Jan 13 (Reuters) - Wells Fargo & Co (WFC.N) on Friday reported a 50% decline in profit for the fourth quarter, missing analysts' estimates, as the bank racked up more than $3 billion in

via www.reuters.com

Why are Canadians' cellphone bills higher than other countries?

  • Jan. 13, 2023, 8:42 a.m.
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Despite government promises to lower the cost of mobile wireless plans and efforts to promote more competition in the market, many Canadians feel they're paying too much with few options for getting b

via www.cbc.ca
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