Business
- BusinessBBC
How Microsoft and Nvidia bet correctly to leapfrog Apple
The two tech firms were among the first to see the commercial potential of AI.
5 min read - BusinessBloomberg
China’s Bonds Seen Settling Into Range With Yield Floor on PBOC
(Bloomberg) -- China’s central bank’s plan to borrow bonds may slow but won’t quash their rally, as the fundamental reasons driving demand for debt are unlikely to reverse, according to analysts.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means A
3 min read - BusinessInvestopedia
GM Posts Best Sales Since 2020 on Pickup Truck, EV Demand
General Motors posted its best quarterly sales figures since the end of 2020 on demand for pickup trucks and electric vehicles.
1 min read - BusinessAssociated Press Finance
FTC says gig company Arise misled consumers about how much money they could make on its platform
The Federal Trade Commission is taking action against a gig work company, saying it misled people about the money they could make on its platform. Arise Virtual Solutions reached a settlement with the FTC, agreeing to pay $7 million to workers the FTC says were harmed by the company's misconduct. Arise is a technology platform that connects major companies with customer service agents who freelance on its platform.
3 min read - BusinessDetroit Free Press
Jeep-parent Stellantis cuts Warren Truck shift in July, plans adjustments in Toledo
Stellantis cites sales results in making production changes at Jeep plants in Michigan and Ohio.
3 min read - BusinessChicago Tribune
Jamie Dimon reflects on the 20th anniversary of Bank One-Chase merger that ended Chicago headquarters, but helped build the nation’s largest bank
When New York’s J.P. Morgan Chase announced in January 2004 that it was buying Bank One, formerly the First National Bank of Chicago, there was much civic hand-wringing over the loss of the city’s last hometown banking giant. This week, employees at Chase Tower celebrated the 20th anniversary of the deal’s closing with a commemorative brochure and free donuts. While the $58 billion Bank One ...
7 min read - BusinessWSOC
Some homeowners upset about siding cracking on fairly new houses
Some homeowners who live in the Dogwood Forest neighborhood in Monroe are upset about cracks in the siding of their fairly new houses.
3 min read - BusinessBloomberg
Citgo Parent Sale Hearing Delayed as Special Master Weighs Bids
(Bloomberg) -- A federal judge pushed back a hearing for the sale of Citgo Petroleum Corp.’s parent company, giving a court-appointed special master more time to evaluate bids for control of one of the largest oil refiners in the US. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US
2 min read - USMiami Herald
Judge dismisses ‘shakedown’ lawsuit allegations against Alex Díaz de la Portilla
“This is the beginning of the road toward total vindication,” Díaz de la Portilla said.
5 min read - USDeseret News
Judge dismisses lawsuit against Tim Ballard
Ballard said the case 'was based on vague allegations with no supporting facts.'
3 min read - LifestyleMotorious
What Gas Stations Were Like In 1957
This vintage documentary is fascinating.
2 min read - BusinessBloomberg
PG&E Cuts Power to 2,000 as Extreme Heat Bakes California
(Bloomberg) -- PG&E Corp. cut power to about 2,000 homes and businesses in Northern California as triple-digit temperatures, strong winds and low humidity heightened the risk of wildfires. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Tri
1 min read - BusinessStar Tribune (Minneapolis)
Minneapolis parks workers will start weeklong strike on July 4
The union representing more than 300 Minneapolis park workers announced Tuesday they will strike for one week beginning July 4, after seven months of negotiations with the Park and Recreation Board yielding no new labor contract. At a news conference Tuesday, AJ Lang, the business manager for LIUNA Local 363, said that for now, the union is keeping striking activity to one week to minimize ...
1 min read - BusinessFreightWaves
UPS plans to close Baltimore facility, lay off 540 workers
A Baltimore UPS facility is planning to close in August, according to a Maryland state filing, after laying employees off earlier this year. The post UPS plans to close Baltimore facility, lay off 540 workers appeared first on FreightWaves.
2 min read - USFreightWaves
Strategic cargo theft costing carriers, brokers millions in freight in Q1
Strategic cargo theft from organized crime rings wreaked havoc on brokers and carriers in the first quarter of 2024. The post Strategic cargo theft costing carriers, brokers millions in freight in Q1 appeared first on FreightWaves.
5 min read - BusinessBloomberg
HPS Investment Wins Fight Over Bankrupt DVD Renter Redbox
(Bloomberg) -- HPS Investment Partners LLC won a court fight to replace the board of directors of bankrupt Redbox Entertainment Inc. and agreed to arrange a loan for the DVD rental company’s parent so that employees can be paid.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US Consu
4 min read - BusinessWBTW Myrtle Beach
Golf cart rental business says temporary suspension of license by Mrytle Beach will lead to financial ruin
MYRTLE BEACH, S.C. (WBTW) — A golf cart rental business facing a 45-day ban in Myrtle Beach wants a judge to step in, saying the city’s decision to suspend its franchise license could cost it nearly $500,000. Rent Me Superstore is barred from doing business through July 26. The company, which has three stores in […]
2 min read - USKOIN
2 students sue Portland State University over ‘harassing’ letters sent after protest
Two Portland State University students filed lawsuits against the school, alleging unlawful retaliation after the school sent "harassing" letters to the students after they participated in an on-campus protest in May.
2 min read - BusinessFortune
Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky
CEO pay balloons post-pandemic, but shareholders at Salesforce start to check their executives’ compensation.
3 min read - BusinessAfroTech
How AFROTECH™ Executive Is Giving Professionals The Confidence To Make Their Next Career Move
On June 28, 2024, AFROTECH™ held its first-ever event in Brick City. Hosted at Prudential Tower, AFROTECH™ Executive hit Newark, NJ, in partnership with the New Jersey Economic Development Authority (NJEDA). For AFROTECH™ Executive Newark, attendees convened for discussions about tech innovation, financial responsibility, and creating wealth in the community. The sessions were led by… Continue reading How AFROTECH™ Executive Is Giving Professionals The Confidence To Make Their Next Career Move
4 min read - BusinessFortune
Steve Ballmer, who was once Bill Gates’ assistant, is now richer than his onetime mentor
Ballmer was employee No. 30 at Microsoft but got most of his wealth from a sweetheart deal.
3 min read - BusinessReuters
Rivian says no plans to produce vehicles with VW after media report on early talks
SAN FRANCISCO (Reuters) -Rivian on Tuesday said it had no plans to produce vehicles with Volkswagen after a media report said the U.S. electric vehicle maker was in early talks with the German automaker to extend a recent partnership beyond software. German newspaper Handelsblatt reported on Tuesday, citing people familiar with the matter, that an extended partnership might include producing Rivian's smaller and less expensive R2 SUVs at VW's South Carolina plant that is currently being built.
1 min read - BusinessBloomberg
Traders Flock to a Trump-Fueled Bet on Higher US Treasury Yields
(Bloomberg) -- Traders in the $27 trillion Treasury market are betting on higher long-term bond yields as Wall Street starts to adjust for Donald Trump’s potential return to the White House.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Tr
4 min read - BusinessAFP
Google greenhouse gas emissions grow as it powers AI
Google, despite its goal of achieving net-zero emissions, is pumping out more greenhouse gas than before as it powers data centers needed to support artificial intelligence, the company said.Google is not alone in facing the challenge of feeding power-hungry AI data centers, while trying to curb creation of climate-changing greenhouse gas.
2 min read - BusinessBloomberg
Homebuilders Cut on 'Sluggish' Housing Market, Florida Woes
(Bloomberg) -- Homebuilder-stock analysts are increasingly worried about signs of softening in key hot spots like Florida and Texas.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Trial Before Election UnlikelyLennar Corp. and D.R. Horton I
2 min read - BusinessThe Guardian
Google’s emissions climb nearly 50% in five years due to AI energy demand
Tech giant’s goal of reducing climate footprint at risk as it grows increasingly reliant on energy-hungry data centres
2 min read - BusinessYahoo Finance
Tesla stock surges 10% as quarterly vehicle deliveries beat Wall Street estimates
The EV giant delivered 443,956 vehicles during the second quarter, versus an analyst consensus estimate of 439,302 deliveries.
3 min read - BusinessBloomberg
Brevan Cuts Fees for Biggest Fund to Make Up for High Costs
(Bloomberg) -- Brevan Howard Asset Management cut fees for its biggest fund to make up for technology, infrastructure and talent expenses that pushed pass-through costs too high. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Trial Before
2 min read - LifestyleParents
Understanding the Impact of Spreading Rumors and Gossip
Discover why kids spread rumors and gossip about others, plus learn about the impact it has on the targets.
4 min read - BusinessCNN Business
CDK Global says ‘substantially all’ dealers are back online after a crippling hack
CDK Global said “substantially all” of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout.
2 min read - BusinessNaples Daily News
Dialum buys land for new glass manufacturing plant in Ave Maria. See how many jobs
Ave Maria will be home to another large manufacturer. Chilean-based Dialum will build a glass plant in the town, which will serve as its U.S. headquarters.
3 min read - CelebrityThe El Paso Times
Former El Paso factory owner Lance Levine remembered as family mentor, avid photographer
Lance Levine ran MFI International factories in El Paso/Juarez for years with his wife; pursued photography passion in recent years.
3 min read - BusinessMotley Fool
Why Archer Aviation Stock Is Soaring Today
A major investor is doubling down on Archer Aviation, but the stock is still down roughly 39% this year.
2 min read - BusinessCoinDesk
DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them.
4 min read - BusinessSemafor
Nvidia could soon find itself in antitrust regulators’ crosshairs for first time
The US chipmaker is set to be charged in France by antitrust regulators, Reuters reported.
2 min read - BusinessBloomberg
Oil Slips After Hitting Two-Month High as Technicals Stall Rally
(Bloomberg) -- Oil edged lower, backing off a two-month high, as technical indicators restrained a rally driven by tensions in the Middle East and the Atlantic hurricane season.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Trial Before El
2 min read - BusinessWJZY
Are Chipotle portions shrinking? One analyst bought 75 burrito bowls to test claims
With Chipotle in the crosshairs of dissatisfied content creators and customers complaining about the size of their meals, a Wall Street analyst decided to put the "weight debate" to a test.
2 min read - BusinessThe Providence Journal
Bob's Stores is closing all New England locations. What it means in RI.
Bob's discount retail chain has been in business for more than half a century. But that ends on July 14.
1 min read - USBloomberg
Powerful Storm Beryl Aims at Jamaica After Grenada Strike
(Bloomberg) -- Hurricane Beryl’s winds have slightly weakened as it churns toward Jamaica, where its storm surge, high winds and flooding rains could cause more than $1 billion in damage. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Tria
4 min read - BusinessZacks
Broadcom Up 24% in a Month: How to Play AVGO Ahead of Split?
Broadcom's (AVGO) strong portfolio and expanding AI offerings make its top-line growth prospects bright.
4 min read - BusinessReuters
Walmart has held talks to sell its shuttered medical clinics, Fortune reports
In April, Walmart decided to close all 51 of its health clinics and shut its virtual healthcare operations, saying it could not see them as a sustainable business model to continue. The report added that some of the talks have involved health insurance companies, including Fortune 50 firm Humana. Although it is unclear whether any of the talks are ongoing, Walmart has made it clear through the process that it is attempting to recoup some of its massive investment in the clinics through a sale
1 min read - BusinessKTLA articles
Southern California attorney faces disbarment for misappropriating $5M in funds
An attorney from Alhambra is set to be disbarred after misappropriating nearly $5 million and falsifying bank records. According to the State Bar of California, Evie Pei Jeang entered a no contest plea related to her case regarding the misappropriation of funds, which is considered to be “an admission of culpability” based on a stipulation […]
2 min read - BusinessFortune
How U.S.-China competition is benefiting the world—and reshaping the global economy
The migration of supply chain to third countries by Chinese, U.S., and European multinationals is an overlooked dimension of the emerging world order.
10 min read - OpinionCoinDesk
Welcome to DePIN Summer
Decentralized Physical Infrastructure Networks (DePIN) are flourishing across multiple businesses, creating an “economy of things,” where value is shared across all participants. Scott Foo, founder of DePIN Daily, digs in.
5 min read - BusinessCNN Business
FTC unanimously moves to block $4 billion merger of mattress giants
The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday.
3 min read - BusinessInvestopedia
Is the Stock Market Open July 4? What To Know About the Shortened Trading Week
U.S. financial markets will be closed on Thursday in observance of Independence Day.
1 min read - TechnologyDigital Trends
All the M4 Macs that are still coming out in 2024
Apple is planning to upgrade its entire Mac lineup to the M4 chip this year. Here’s what we can expect in 2024 and beyond, including all the predicted launches.
4 min read - WorldBloomberg
Argentina Poised for First China Corn Cargoes in 15 Years
(Bloomberg) -- Argentina is preparing corn shipments to China that will be the first in 15 years, the latest move by the two countries to expand agricultural trade.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersTrump Immunity Ruling Means Any Trial Before Election Unlike
2 min read - BusinessBloomberg
Constellation Executive Sold $75 Million in Stock Ahead of Capital Gains Change
(Bloomberg) -- Canadian technology firm Constellation Software Inc. saw a surge in insider selling in June, driven by a senior executive’s move to unload C$102.6 million ($75 million) of shares ahead of a hike to the nation’s capital-gains tax.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap‘Upflation’ Is the New Retail Trend Driving Up Pri
2 min read - USThe Des Moines Register
Carbon pipeline builder proposes meeting dates to consider Iowa expansion plans
Granted an Iowa permit for its carbon capture pipeline, Summit Carbon Solutions is now seeking to set meetings on a 50% expansion of the project
3 min read
