Former U.S. President Donald Trump greets to his supporters, as he arrives from his second civil trial after E. Jean Carroll accused Trump of raping her decades ago, outside a Trump Tower in the Manhattan borough of New York City, U.S., January 25, 2024. Eduardo Munoz | Reuters Former President […]
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Probe into GM’s Cruise finds poor leadership, culture issues at center of accident response
Chevrolet Cruise autonomous vehicles sit parked in a lot on June 08, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Culture issues, ineptitude and poor leadership at General Motors’ Cruise autonomous vehicle unit were at the center of regulatory oversights and coverup concerns that […]
iPhone grabs top share in China and analyst negativity abates. What’s going right at Apple
After a rough early start to 2024 and lots of analyst negativity, Apple has turned the corner. Wall Street mentions are getting brighter, and the tech giant just added the title of top smartphone maker in China to its long list of firsts. The iPhone captured a firm-record 17.3% market […]
Apple opens up iPhone app store in Europe, a major crack in its ‘walled garden’
Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple […]
Hamptons mansion once listed for $150 million sells at auction for less than $90 million
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The property was sold in two […]
Layoffs from major companies to start the year have impacted thousands of workers. What to know if you’re offered a buyout
Skynesher | E+ | Getty Images Microsoft joined a list of big tech companies that announced major layoffs at the start of 2024. The technology company plans to cut about 9% its Gaming Unit headcount, amounting to 1,900 laid off workers, according to a memo obtained by CNBC. Earlier this […]
Paramount CEO announces layoffs as cost pressures, take-private talks build
Paramount executive Bob Bakish attends the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. Thilo Schmuelgen | Reuters Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to “operate as a leaner company and spend less.” […]
Tesla shares poised for worst day since 2020 after automaker warns of slowdown this year
Tesla and SpaceX’s CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Kirsty Wigglesworth | Reuters Tesla shares tumbled 13% Thursday, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024. As […]
Humana stock plunges on dismal 2024 forecast, as insurers face soaring medical costs
Signage is displayed on a Humana Inc. office building in Louisville, Kentucky, U.S., on Sunday, Feb. 3, 2019. Humana is scheduled to release earnings figures on February 6. Photographer: Luke Sharrett/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Shares of Humana plummeted on Thursday after the health insurer […]
American Airlines stock climbs as carrier posts narrow fourth-quarter profit
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty Images American Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines. […]