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Categories Business

Elon Musk takes the witness stand in court trial over his failed attempt to take Tesla private

Author January 21, 2023

Elon Musk testified in court on Friday in a trial that may decide whether a tweet he sent in 2018 cost Tesla

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Categories Business

Theranos’ Elizabeth Holmes bought a one-way ticket to Mexico after she was convicted of fraud

Author January 21, 2023

Elizabeth Holmes, the founder of disgraced biotech firm Theranos, bought a one-way ticket to Mexico shortly after she was convicted of fraud

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Categories Business

Netflix founder Reed Hastings is giving up CEO role

Author January 20, 2023

Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report

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Categories Business

Fed policymakers call for further rate hikes to beat inflation

Author January 20, 2023

Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate

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Categories Business

Amazon discontinues charity donation program amid cost cuts

Author January 20, 2023

Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company’s broader cost-cutting efforts. Through the program,

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Categories Business

Party City files for bankruptcy after struggling with pandemic rebound

Author January 19, 2023

Party City filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently

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Categories Business

‘Millions of dollars were lost’: Lawyers spar over whether Elon Musk misled investors with his tweets

Author January 19, 2023

Opening arguments kicked off Wednesday in a trial that is pitting Tesla against shareholders accusing the company of misleading them over a

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Categories Business

Microsoft to lay off 10,000 workers, citing concern about a possible recession

Author January 19, 2023

Microsoft said Wednesday it would cut 10,000 jobs worldwide amid a slowing global economy. In a blog post, Microsoft CEO Satya Nadella said

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Categories Business

Tesla video promoting self-driving was staged, engineer testifies

Author January 18, 2023

A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and

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Categories Business

Inflation cooled in December to 6.5%, but the Fed is likely to keep interest rates high

Author January 17, 2023

Price growth in the United States cooled in December as the economy continued to show signs of weakening. Inflation landed at 6.5%

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