Dara Khosrowshahi, chief executive officer of Uber Inc., center, rings the opening bell during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images For Uber shareholders, Wednesday […]
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Tesla and Walmart settle over solar rooftop fires
Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 Tesla Tesla has settled with Walmart after its solar rooftop installations caught fire atop seven of the retail giant’s stores. Walmart sued Tesla for breach of contract in August in a New York state court, accusing Tesla […]
Schwab CEO blames the Fed’s rate cuts for layoffs
Charles Schwab CEO Walter Bettinger held the Federal Reserve responsible for the company’s most recent layoffs. “When the Federal Reserve made the decision to reduce rates from a trajectory entering this year we thought rates would be going up, we just had too many people and too much expense relative […]
It’s not just Boeing. More companies are splitting CEO and chairman roles
Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019. Bloomberg | Bloomberg | Getty Images Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11 as the company struggled with […]
This millennial paid off $102,000 in student loans in 6 years after starting with a $40,000 salary
Mandy Velez graduated from the University of Pittsburgh in 2013 with more than $75,000 in student loans. Velez, 28, had taken out a total of five loans ranging from $7,500 to more than $32,000 with interest rates between 6% and 11.75%. She calculated that if she only made the minimum […]
Stocks making the biggest moves midday: Uber, Shake Shack, Adobe and Kroger
Customers pick up their orders from Shake Shack in Madison Square Park in New York. Getty Images Check out the companies making headlines in midday trading. Uber— Shares of Uber tanked more than 7% after the ride-hailing company reported quarterly loss that topped $1 billion. Uber reported a net loss […]
Disney’s new streaming service won’t be completely ad-free after all
Daisy Ridley reprises her role as Rey in “Star Wars: The Rise of Skywalker.” Disney Originally promoted as ad-free, Disney‘s upcoming streaming service Disney+ will carry ads for the TV channel Starz, The Verge first reported. Disney will place a Starz display ad on the login page for both Disney+ […]
Nigeria’s ‘Lionheart’ disqualified for international feature Oscar over English dialogue
Still from “Lionheart,” Nigeria’s entry for the international feature film Oscar category. Netflix Nigeria’s first-ever entry for the international feature film Oscar category, formerly known as best foreign film, has been disqualified because it contained too much English dialogue. “Lionheart,” directed by Genevieve Nnaji, tells the story of a woman […]
Job openings hit lowest level in 18 months but are still well ahead of total vacancies
Job openings hit their lowest level in 18 months in September as the labor market continued to tighten, according to a Labor Department release Wednesday. Total vacancies fell to 7.02 million for the month, a decline of 277,000 from August, the Jobs Opening and Labor Turnover Survey showed. Though it […]
Paul Tudor Jones sees the S&P 500 plunging 25% if Warren elected, jumping another 15% on Trump
Billionaire investor Paul Tudor Jones believes the S&P 500 would plunge 25% if Sen. Elizabeth Warren clinches the 2020 election, but sees another 15% upside for the market if President Donald Trump wins re-election. Speaking from the Greenwich Economic Forum, Jones explained that an internal poll at his investment firm […]