The so-called “cage match” between billionaires Elon Musk and Mark Zuckerberg may or may not ever happen. But the two tech moguls are already waging battle for social media users. Zuckerberg’s found early success luring dissatisfied Twitter users to his new competitor, Threads, which launched earlier this month and quickly amassed 100 million users within
Month: July 2023
Students at Wesleyan University Joanne Rathe | The Boston Globe | Getty Images In the wake of Supreme Court‘s ruling on affirmative action admission policies, Wesleyan University announced on Wednesday that it will end its policy of giving preferential treatment to legacy students. “We still value the ongoing relationships that come from multi-generational Wesleyan attendance, but there
No Labels, the independent political organization making noises about a third-party presidential campaign, has released a policy manifesto. Intended to flesh out the group’s rhetorical commitment to common-sense solutions, the document has a lot to say about “taxpayers.” Indeed, if you search the No Labels booklet for the word “tax,” you’ll find 19 occurrences. A
At this point, the U.S. housing crisis is well documented. The nation is short some 6.5 million homes, and developers can’t seem to build fast enough to meet the demand. Experts expected rising interest rates to exacerbate the housing shortage by stalling development activity and further throwing off the housing supply-demand pendulum—but in May, there
In this article AAL UAL DAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines 777 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC Airlines’ cargo revenue is slumping. That’s a sign of good news for travel recovery. Delta, United and American this month each reported year-over-year declines of about 40% in their
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty International Airport in Newark, New Jersey, Dec. 3, 2021. Gary Hershorn | Corbis News | Getty
The Netflix logo is shown on one of the streaming giant’s Hollywood buildings in Los Angeles, July 12, 2023. Mike Blake | Reuters Check out the companies making headlines before the bell. Netflix — The streaming giant shed nearly 7% after reporting mixed quarterly results. Netflix posted earnings of $3.29 a share on $8.19 billion
Mark Cuban has some regrets from his early days. In a Q&A session with best-selling author Chris Voss on Fireside, a streaming platform that Cuban co-founded, the Dallas Mavericks owner said his early-career impostor syndrome often led him to overcompensate in business meetings and negotiations. Earlier in the conversation, Cuban had touted that one of
Summer can be an ideal time to slow down, reflect and reset your money mindset. You also may find more time to review your financial goals — and decide whether you need a reboot. “When it comes to those who want to ‘clean’ their financial house, my advice is that you must sweep the dust
The Powerball jackpot reached $1.08 billion on July 19, 2023. Joe Raedle | Getty It’s official: There’s a winner for the $1.08 billion Powerball jackpot — and the taxman will take a hefty cut. A single ticket sold in California matched all six numbers drawn Wednesday night, making it the third-largest prize in the game’s
The tentacles of the Covid-19 pandemic left no corner of American life untouched. Now they have even entered the annals of insider trading. Recent insider-trading charges brought by the Securities and Exchange Commission (SEC) and federal criminal prosecutors offer jolting lessons for all employees and executives who learn confidential corporate information and may then be
Major property owners have been walking away from prominent office buildings from coast to coast. Those owners have seen their revenue drop because of tenant departures and decisions not to renew leases. The income from the building can’t cover debt service. The owners could choose to write checks from other sources to keep their loans
In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Streptococcus agalactiae bacteria, responsible for vaginal and urinary tract infections and newborn infections including meningitis and septicemia. Optical microscopy view. Cavallini James | BSIP | Universal Images Group | Getty Images Pfizer on Wednesday said its experimental vaccine targeting the potentially deadly bacterial disease Group
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Netflix reports second-quarter earnings on Wednesday and investors will pay close attention to the streaming giant’s crackdown on password sharing, as well as the recently launched ad-supported tier. Analysts are predicting — and some data sources have shown
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. Carvana — Shares soared nearly 30% after the used-car retailer reached a deal that will reduce its total outstanding debt by more than $1.2 billion. The agreement will
In the tax world, we often say that rules matter. A Florida couple found this out in a most unfortunate way after a judge ruled that they were liable for taxes on $1.2 million in retirement income, much of which was fraudulently taken from them—by their own daughter. U.S. District Court Judge Tom Barber notes
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT LOS ANGELES, CALIFORNIA – JUNE 12: CEO of Netflix Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix) Charley Gallay | Getty Images Entertainment | Getty
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla reports second-quarter earnings
The Tesla factory in Tilburg, Netherlands. Jasper Juinen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Netflix — The streaming giant’s shares tumbled more than 5% after posting its quarterly results Wednesday after hours. The company said it was too early to assess the effects of its crackdown on
Even for ‘Barbie’ director Greta Gerwig, negotiating a salary isn’t always easy. Gerwig’s movie is among the most anticipated films of the summer. And while her salary has not been made public, the movie has a budget of $145 million, according to Variety. Gerwig’s leading actors, Margot Robbie and Ryan Gosling, are each making $12.5
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