Business
- BusinessBusiness Insider
5 key issues that must be addressed on Tesla's upcoming analyst call for the stock to avoid even 'darker days,' Wedbush says
Tesla's call on Tuesday must address issues from China to AI in order to appease restless investors, analyst Dan Ives said.
3 min read - BusinessBloomberg
‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap
(Bloomberg) -- A selloff in the world’s largest technology companies hit stocks, with Wall Street traders gearing up for a deluge of results from the industry that has powered the bull market.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranEquities extend
5 min read - BusinessBloomberg
Skittish Oil Market Enters an Uneasy Calm Over Middle East Risk
(Bloomberg) -- At no stage this week did crude futures trade higher than where they were last Friday, before Iran’s attack on Israel. Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranAnd while prices jumped again this Friday after reports that Israel had s
4 min read - USFreightWaves
Arkansas authorities bust truck driver accused of hauling illegal cigarettes
Arkansas authorities arrested a truck driver after a traffic stop allegedly revealed he was in possession of nearly 28,000 packs of untaxed cigarettes. The post Arkansas authorities bust truck driver accused of hauling illegal cigarettes appeared first on FreightWaves.
1 min read - BusinessReuters
Nike to lay off 740 employees at Oregon headquarters
The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities. Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles. It had about 83,700 employees as of May 31, 2023.
1 min read - BusinessBloomberg
Troubled Borrowers Seen Fighting for Runway Without Fed Cuts
(Bloomberg) -- The surprising resilience of the US economy would seem, on the face of it, to be good for corporations. But as the expansion plows ahead, pressures are forming beneath the surface to threaten some of the country’s riskiest companies.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to
6 min read - BusinessBloomberg
Fed Says Persistent Inflation Is Seen as Top Financial Risk
(Bloomberg) -- Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on I
3 min read - BusinessBenzinga
Currency Crash: How Millennium Management Made $40 Million Betting Against the Egyptian Pound
George Soros famously earned $1 billion betting against the British pound in the early 1990s, predicting that the English central bank would devalue its money compared to other European currencies. Currency investors expect volatility, but a massive score in a single trade is still infrequent. However, a recent disruption in the Egyptian currency markets created an opportunity for perceptive prop trader Naveen Choppara of Millennium Management, who single-handedly put together one of the year's
3 min read - USFreightWaves
One long trip: XPO driver achieves 4M accident-free miles
XPO driver Dale Williams speaks on his career and safety practices after being celebrated for driving 4 million accident-free miles. The post One long trip: XPO driver achieves 4M accident-free miles appeared first on FreightWaves.
6 min read - BusinessTechCrunch
Harvard's startup whisperer, Peter Gladstone, reveals secrets to validating consumer demand at TechCrunch Early Stage
Validating consumer demand is a crucial step for any startup, and TechCrunch Early Stage is offering a golden opportunity to learn how to do it right. Peter Gladstone, senior adviser for startups at Harvard Innovation Labs, is set to lead an engaging roundtable titled "Validating Consumer Demand: How to Make the Most of Your Expertise." With decades of experience as an entrepreneur, marketer, and investor, Gladstone brings a wealth of knowledge to the table.
2 min read - BusinessBloomberg
Exxon’s Market Value Tops Tesla’s as Oil Rises, EV Sales Slow
(Bloomberg) -- Exxon Mobil Corp. surpassed Tesla Inc. in market value for the first time in more than a year after the electric vehicle maker’s sales slowed and investors bet on consumers’ reluctance to ditch gas-powered cars. Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retali
2 min read - BusinessBloomberg
Traders Are Cashing Out of Markets En Masse
(Bloomberg) -- The great market rally of 2024 looks dangerously close to unraveling as Wall Street’s once-invincible bull brigade begins to withdraw its winnings.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranWith Treasury yields breaking out, Federal Re
4 min read - BusinessReuters
Lululemon to shutter Washington distribution center, lay off 128 employees
The Vancouver-based firm will shutter the Sumner distribution center as part of its business optimization effort and cut 128 jobs beginning June 21, according to a WARN notice filed with the state's Employment Security Department. The move comes at a time when Lululemon is seeing slowing demand for its premium athleisure in North America, where excessive inventory levels at sporting retailers has resulted in lower orders for sportswear and apparel firms. "We regularly evaluate our distribution
1 min read - BusinessFortune
Don’t call it a stablecoin: How did a ‘synthetic dollar’ generate a yield of 113%?
Tokenizing the cash-and-carry trade, Ethena is turning heads in the crypto market. But some worry its risks are being overlooked amid the latest bull run.
7 min read - BusinessBloomberg
Heavy Oil From Trudeau’s New Pipeline Is Headed for California
(Bloomberg) -- Valero Energy Corp. and Chevron Corp. are buying oil shipped through Canada’s newly expanded Trans Mountain Pipeline system for their California refineries, according to people familiar with the shipments, a sign that US West Coast may become a significant market for oil-sands crude.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to
1 min read - BusinessZacks
BHP's Iron Ore Q3 Output Up 3% Y/Y, FY24 View Maintained
BHP Group (BHP) records iron ore production of 191Mt for the first nine-month period of fiscal 2024. This puts the miner on track to attain its targeted output of 254-264.5 Mt for fiscal 2024.
6 min read - USFortune
Former HGTV star slapped with $10 million fine and jail time for real estate fraud
An investor found a property “to be a burnt-down shell with no work done on it.”
3 min read - BusinessMotley Fool
Why Tesla Stock Was Falling (Again) This Week
The company can't seem to get out of its own way in 2024.
3 min read - BusinessBloomberg
CEO of Climate Group Tries to Calm Critics After Backlash
(Bloomberg) -- The chief executive officer of the world’s main verifier of corporate emissions plans says he “deeply regrets” the confusion that followed a recent update that was widely interpreted as permission to ratchet up the use of carbon credits.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reporte
3 min read - BusinessTechCrunch
Startups Weekly: Is the wind going out of the AI sails?
Welcome to Startups WeeklySign up here to get it in your inbox every Friday. The report highlights a notable decrease in both private and corporate investments in the AI sector for the second consecutive year, with overall investments dropping by 20% in 2023 compared to the previous year, Kyle reports. Despite this general downturn, certain segments like generative AI continue to attract significant funding, indicating a selective yet substantial interest in specific AI applications.
7 min read - BusinessReuters
Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs
Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according to the food-and-drinks maker and one of its executives with knowledge of the deal, PepsiCo was using only 36 of Teslas promised 100 electric trucks as of this month. The shortfall, which hasn't been previously disclosed, lays bare the challenges for Tesla as it seeks to become a high-volume
6 min read - BusinessYahoo Personal Finance
I bond vs. high-yield savings account: Which is better for beating inflation?
Choosing a savings account that keeps up with inflation is key to protecting the value of your dollars. So which is better: A high-yield savings account or I bond?
6 min read - BusinessFortune
Single women are scraping by: Held down by the wage gap and inflation, they struggle to build wealth or emergency savings
In this economy, “it’s too expensive to be single,” women say.
5 min read - BusinessFreightWaves
How to prepare for CVSA International Roadcheck 2024
International Roadcheck is a high-visibility, high-volume commercial motor vehicle inspection and regulatory compliance enforcement initiative that takes place in Canada, Mexico and the United States. The post How to prepare for CVSA International Roadcheck 2024 appeared first on FreightWaves.
4 min read - USSacramento Bee
New trial in Elk Grove police death case ordered over ‘false or misleading’ testimony
“In this case, false testimony prevented plaintiffs from fully and fairly presenting their case.”
4 min read - BusinessYahoo Personal Finance
Connexus Credit Union review 2024: Accounts, rates, fees, and more
Connexus Credit Union offers competitive yields on its deposit accounts with few fees and a large fee-free ATM network. Read our review of Connexus Credit Union to learn more.
7 min read - BusinessBloomberg
Glencore and Trafigura’s Sanctions Games Are Draining the LME
(Bloomberg) -- The world’s two biggest metals traders are moving to withdraw large volumes of aluminum from the London Metal Exchange in a complex trade made possible by new UK sanctions on Russian metal, raising questions about unintended consequences from the new rules.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hit
4 min read - BusinessFortune
There’s an early winner in the race to feed AI’s infrastructure demands: Private equity
Firms plow tens of billions of dollars into data centers and energy projects: “The amount of money that’s being invested in this area is breathtaking.”
4 min read - BusinessFreightWaves
Leveraging feedback to improve efficiency – Taking the Hire Road
The companies that benefit most from employee feedback are those that use it to optimize their systems, rather than focusing only on driver retention or satisfaction scores, says Max Farrell of WorkHound. The post Leveraging feedback to improve efficiency – Taking the Hire Road appeared first on FreightWaves.
4 min read - BusinessReuters
Amazon ad exec Aubrey steps aside for new role
Amazon.com's advertising executive Colleen Aubrey, a member of the elite internal team advising the CEO, is moving to a new undisclosed position at the company. Spokeswoman Kristin Mariani said Aubrey's new position would be announced later. Aubrey is a member of the so-called "S-team," which counsels CEO Andy Jassy, and has worked at Amazon for nearly two decades.
1 min read - BusinessReuters
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters on Friday. Tether issues a stablecoin, also called Tether or USDT, which is designed to maintain a constant value of $1 and is widely used in crypto-to-crypto trading. It has grown rapidly in recent years, hitting more than $100 billion worth of Tether tokens in circulation in March.
2 min read - BusinessFreightWaves
Running on Ice: A new refrigerant on the scene
In this edition: Honeywell introduces a new type of refrigerant, Arcadia Cold moves to Chicago and pharma stands to get an overhaul. The post Running on Ice: A new refrigerant on the scene appeared first on FreightWaves.
4 min read - BusinessCoinDesk
Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound
Large bitcoin investors substantially increased their holdings as prices dipped below $60,000 in early Friday's panicky action on the crypto markets ahead of the asset's much-anticipated halving event.
2 min read - BusinessCoinDesk
IRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves
The U.S. Internal Revenue Services (IRS) has previewed what crypto investors' future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be reported to the federal government.
3 min read - BusinessBloomberg
BOE’s Mann Warns World Fragmentation Means More Inflation Shocks
(Bloomberg) -- Bank of England policymaker Catherine Mann said the fragmenting global economy will leave countries more exposed to inflation shocks in future, posing a test for central banks. Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranMann said on a
2 min read - BusinessBloomberg
Blackstone Sells $1.1 Billion of Private Equity Fund Stakes to Ares
(Bloomberg) -- Blackstone Inc.’s Strategic Partners unit sold a $1.1 billion portfolio of private equity fund interests to Ares Management Corp.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranThe portfolio consists of older fund stakes that Strategic Part
1 min read - BusinessFortune
Tesla’s Q&A with investors rips open Musk anguish: ‘Will you please at least appear to make Tesla your top priority?’
Among the top-voted questions: “Is there any discussion about oversight of Elon’s erratic behavior on X that is damaging the Tesla brand?”
5 min read - BusinessBloomberg
Jane Street Strategy in Millennium Suit Involved India Trading, Hearing Reveals
(Bloomberg) -- The allegedly secret trading strategy over which Jane Street Group is suing two former traders and Millennium Management involves options trading in India, lawyers inadvertently revealed at a court hearing. Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory
3 min read - BusinessFox Business
Tesla recalls nearly 3,900 Cybertrucks over accelerator pedal issue
The recall of the nearly 3,900 Cybertrucks was prompted by accelerator pedal pads in them that 'may dislodge and cause the pedal to become trapped.'
2 min read - OpinionCoinDesk
Bitcoin Will Power the Next DeFi Summer
Now, it’s time to say hello to a new era of DeFi Summer, this time centering on the most buzzworthy yet also durable trends: Bitcoin. With Ordinals proving demand, exchange-traded fundes (ETFs) providing access and Bitcoin scaling solutions emerging, 2024 is set to unlock the ~$1 trillion asset class in ways previously unseen. This op-ed is part of CoinDesk’s “Future of Bitcoin” package.
4 min read - BusinessInsider Monkey
Here’s Why Apple (AAPL) is in Contributor’s List of Polen Capital
Polen Capital, an investment management company, released its “Polen Global Growth Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund increased 8.10% gross and 7.81% net, respectively, trailing the MSCI ACW Index’s 8.20% return. The market dynamics that were in place at the end […]
2 min read - OpinionCoinDesk
Google Searches for 'Bitcoin Halving' Get Higher Than 4/20
One of the closely watched indicators of retail interest is booming.
2 min read - BusinessTechCrunch
Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey
Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage of Canada. The startup is aimed at Turkey’s retail investor market and claims to have more than 2 million users.
3 min read - BusinessBloomberg
Wells Fargo Bond Saleswoman Claims Pay Bias in ‘Boys Club’ Team
(Bloomberg) -- A Wells Fargo & Co. bond saleswoman sued the bank for sex discrimination, claiming she was denied the same promotions and pay as men and forced to endure a “boys’ club” environment. Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranMichal Lea
3 min read - BusinessTechCrunch
Pitch Deck Teardown: Geodesic.Life's $500K pre-seed deck
While Geodesic’s deck impresses with its aesthetic design, featuring a tasteful color palette, appealing illustrations and a concise text, it does have some crucial shortcomings. Geodesic's pitch deck was quite impressive, particularly in how it connected problems with solutions, showcasing the company's innovative approach and commitment to sustainability with solid data.
8 min read - LifestyleMotley Fool
5 Struggles Every Sam's Club Shopper Will Understand
Sam's Club is one of the most popular retailers in the U.S. Read on for a few common pitfalls any Sam's Club shopper would recognize.
5 min read - BusinessZacks
E-Commerce Boosts U.S. Retail Sales: ETFs to Tap
The U.S. retail sector is returning to normalcy, driven by robust online sales.
3 min read - BusinessBloomberg
Muni Funds Lose Most Cash Since 2022 With Fed Delaying Cuts
(Bloomberg) -- Investors yanked money from municipal bond funds at the fastest clip in more than a year as they sold assets to pay income taxes and tried to protect returns amid signals that the Federal Reserve will keep rates higher for longer.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Ha
2 min read - BusinessBloomberg
TA Said to Mull €1 Billion Sale of 3D Software Provider Chaos
(Bloomberg) -- TA Associates and LEA Partners are considering a potential sale of Chaos Group, a maker of 3D video-rendering software that could be valued as much as €1 billion ($1.1 billion), according to people familiar with the matter.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to Them‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Laun
1 min read - BusinessReuters
Alstom sells North American conventional signalling business for around $670 million
The proceeds from the sale, net of expected tax and transaction costs, should amount to around 620 million euros. The deal is expected to close as soon as the summer, Alstom said, following regulatory approval. The transaction is part of Alstom's plan to reduce its debt by 2 billion euros, which will be revealed in detail on May 8.
1 min read
