Elon Musk has a history of floating wild ideas for X and not implementing them or, at least, slowing them down. Almost a year ago, Musk said he planned to eliminate the ability to block users, a development that would turn the site formerly known as Twitter into a hellscape. He hasn’t actually done it, … Read more
With Skydance Media deal talks winding down, the three top executives in Paramount Global’s CEO’s office said they remain focused on a plan to cut costs and grow the media conglomerate as an independent entity. The trio – George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount … Read more
The fast food industry has been wringing its hands over the devastating impact on its business from California’s new minimum wage law on its workers. Their raw numbers certainly bear this out. A full-page ad recently placed in USA Today by the California Business and Industry Alliance claimed that about 10,000 fast food jobs had … Read more
Eight former SpaceX engineers filed a lawsuit against Elon Musk on Wednesday alleging sexual harassment and retaliation. Musk, who founded SpaceX in 2002, “knowingly and intentionally created an unwelcome hostile work environment based on his workplace intrusion behavior of sexually explicit photos, memes, and comments demeaning women and/or the LGBTQ+ community “, say the employees. … Read more
Shares of this AI titan have gotten significantly cheaper, but its massive market cap remains the same. With the stock up 25,000% over the past 10 years, it’s no wonder Nvidia (NVDA 3.88%) relies on stock splits to keep its equity price manageable for smaller investors who may not have access to fractional shares. The … Read more
Stellantis CEO Carlos Tavares holds a press conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters DETROIT – From the beginning of a union to create Stellantis in 2021, CEO Carlos Tavares has been on a cost-cutting mission. This is starting to pay dividends for the company and investors. … Read more
The Federal Reserve on Wednesday kept the key interest rate unchanged and signaled that only one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers took two rate cuts off the table after their two-day meeting from three indicated in March. … Read more
Elon Musk had a sexual relationship with a SpaceX employee who started at the company as an intern and then was hired not long after she graduated from college before ending things, according to a report. Musk, who has a fortune estimated by the Bloomberg Billionaires Index at $198 billion as of Wednesday, also pursued … Read more
SAN FRANCISCO — For weeks, Tesla CEO Elon Musk has waged a campaign to convince Tesla shareholders to restore his nearly $50 billion pay package, the largest “ever seen in public markets,” according to the Delaware judge who struck it down. The company released a video that guides shareholders on how to cast votes with … Read more
SAN FRANCISCO — For weeks, Tesla CEO Elon Musk has waged a campaign to convince Tesla shareholders to restore his nearly $50 billion pay package, the largest “ever seen in public markets,” according to the Delaware judge who struck it down. The company released a video that guides shareholders on how to cast votes with … Read more