Former President Donald Trump has dropped off the Bloomberg Billionaire Index after a drop in stock value for his social media company and ongoing legal battles, with his estimated net worth currently at approximately $4.8 billion.
The Walt Disney Co. announced the official vote totals from its shareholder meeting, revealing that Nelson Peltz's attempt to secure two board seats was unsuccessful, highlighting concerns about CEO Bob Iger's succession planning and operational issues among investors.
Lucid's shares surge in after-hours trading as the company surpasses Q1 EV delivery expectations, achieving a 40% YoY increase, albeit facing challenges of low production volume and high startup costs.
The information provided in this text is not intended as an offer, solicitation, or recommendation to buy or sell securities, and its accuracy, timeliness, and completeness are not guaranteed.
The U.S. Postal Service plans to increase rates, with the cost of a first-class stamp rising from 68 cents to 73 cents and an overall 7.8% increase, in an attempt to achieve financial stability.
Nvidia stock closed over 2% lower, entering correction territory, possibly due to investors selling to raise cash for tax purposes, and potential competition from other chipmakers such as Intel.
Boeing engineer Sam Salehpour alleges potential safety concerns with the 787 Dreamliner due to improper fitting and fastening of fuselage sections, which could result in the plane breaking apart mid-flight.
Disney released official vote tallies from its 2024 shareholders meeting, revealing that 9 out of 12 board candidates received over 90% of shares cast in their favor, while activist investor Nelson Peltz received only 31% and former CFO Jay Rasulo received 12%.
A Boeing whistleblower claims that production quality issues with the Boeing 787 could potentially lead to catastrophic failures of plane components inflight.
Nvidia, despite missing financial goals and not paying cash bonuses to its top team, has largely retained its talent due to its lucrative equity program and successful performance, making it a desirable company for machine learning engineers.
Rite Aid is closing 39 more stores, including six locations in Pennsylvania, with one in York County and five in the Philadelphia area.
A new bill proposed by Rep. Adam Schiff, known as the Generative AI Copyright Disclosure Act, has gained support from entertainment unions and guilds, including SAG-AFTRA, IATSE, WGA, and DGA, as a means to protect human creative content and ensure transparency and ethical usage of AI technology.
YouTube channel Dude Perfect has received a more than $100 million investment from Highmount Capital, signaling its transition from YouTubers to a media powerhouse with plans for expansion and the development of a theme park.
Nvidia stock fell 5% as rivals, including Intel and Alphabet, announced developments in the AI chips market, posing direct competition to Nvidia's top-selling AI chips.
Elon Musk denies knowing Ben Brody and claims he did not defame him in a heated Zoom deposition regarding the defamation suit against him, stating that the case is really about the lawyer seeking money.
In-N-Out Burger has announced plans to open its first location in Washington state, specifically in Ridgefield, by 2025.
March's Consumer Price Index (CPI) is expected to show an acceleration in headline inflation to 3.4%, driven by higher energy costs, potentially influencing the Federal Reserve's decision on interest rates.
Consumer Reports warns that school cafeteria versions of Lunchables, a popular kids' snack kit, contain excessive levels of sodium, potentially leading to serious health issues over time and calls for their removal from the National School Lunch Program.
Elon Musk's decision to prioritize a robotaxi over an affordable electric vehicle (EV) may jeopardize Tesla's lead in the market.
Buick has unveiled a redesigned version of its Enclave SUV, set to debut this year, featuring a new design that draws from the Wildcat electric vehicle concept and equipped with a 2.5-liter Turbo engine and a "30-inch-diagonal premium ultra-wide display."
Target has revamped its loyalty program, Target Circle, by integrating the Target RedCard debit and credit cards, offering automatic deals at checkout and introducing a new paid membership service called Target Circle 360, which includes same-day delivery and access to over 100 additional retailers via the Shipt Marketplace.
Private investment firm Highmount Capital has announced a "9 figure" investment in content creator group Dude Perfect, known for their sports and comedy videos, to expand their management team and continue their success in the creator economy.
Google has unveiled its new custom-designed artificial intelligence semiconductor, the Google Axion Processors, which will be available to Google Cloud customers later this year, marking the tech giant's first CPU developed using chip architect Arm Holdings.
A McDonald's franchisee in California is considering reducing store hours, raising menu prices, and delaying renovations to offset the impact of the state's $20 hourly minimum wage for fast-food workers.
Elon Musk's deposition reveals the existence of his alternate X accounts, including @ermnmusk and @babysmurf9000, which he used for roleplaying and interacting with questionable tweets, while he faces a lawsuit for allegedly falsely accusing a man of participating in a Neo-Nazi brawl.
Rolex unveils its toned-down debuts for 2024 at the Watches and Wonders trade show in Geneva, featuring refreshed models like the GMT-Master II, Deepsea, and Cosmograph Daytona, reflecting a return to normalcy in the watch market.
General Motors' Cruise will redeploy robotaxis in Phoenix with human drivers to gather road information and create maps, marking a shift away from the company's aggressive growth strategy and focus on safety following previous incidents and controversies.
Chip stock Intel is introducing the Gaudi 3 accelerator to compete with Nvidia in the AI market, offering better inference and power efficiency at a lower cost, although there have been reports of troubles with running Unreal Engine games on the new chips.
The surge in gold prices is being driven by investors who anticipate a cut in the Federal Reserve's benchmark interest rate, as well as central banks, including China, buying up gold to reduce reliance on the US dollar amid geopolitical uncertainty.
Nvidia's stock has been sliding recently following an analyst report suggesting a potential significant decline in the company's AI chip sales and a shift towards in-house AI-related hardware by tech companies, leading to a predicted drop of nearly 30% in Nvidia's shares by 2026.
Target's Circle Week sale offers deep discounts on thousands of items, including Apple Watch Series 9 starting at $320, LG C3 OLED TV, Apple AirPods, a self-emptying robot vacuum, Keurig coffee makers, and more.
Tilray's disappointing financial results and lack of positive free cash flow have caused a significant decline in marijuana stocks, leading to doubts about the prospects of other companies like Canopy Growth, Aurora Cannabis, and Cronos Group.
Tesla's share price has fallen more than 25% this year and the company has lost over $200 billion in market value due to decreased car sales, setbacks in autonomous driving, and increased competition, leading to doubts about its recovery.
Elon Musk predicts that AI smarter than any one human will emerge by the end of next year, but critics question his forecasting ability and label his prediction as "batsh*t crazy."
Delta Air Lines will revert back to numbered boarding zones starting May 1, providing customers with more clarity about the boarding process and maintaining the same order as before, in an effort to improve efficiency and save time.
Philips Respironics has reached an agreement with prosecutors to hire an independent safety monitor, undergo regular facility inspections, and pay part of its revenue to the federal government as a result of one of the most catastrophic medical device recalls in decades.
The "magic number" that Americans believe they need to retire comfortably has reached a record high of $1.46 million, outpacing the current inflation rate, according to a study by Northwestern Mutual, yet the average amount saved for retirement has decreased to $88,400.
Apple's stock has been underperforming compared to its peers due to negative updates, but with shares now undervalued and analyst price targets suggesting a potential rebound, it may be a good buying opportunity.
Norfolk Southern has agreed to pay $600 million in a settlement for a class-action lawsuit related to the fiery train derailment in Ohio, without admitting any wrongdoing or liability.
Food service workers at Wells Fargo Center in South Philadelphia, members of Unite Here Local 274, have gone on strike to negotiate a new contract with their employer, Aramark, affecting only the facility where the 76ers and Flyers play.
/cloudfront-us-east-1.images.arcpublishing.com/pmn/L4IXMN3VZRGQNJTW44RM5QY2WU.jpg)
Former President Donald Trump's net worth has taken a hit as the stock price of Trump Media, the parent company of his social media platform Truth Social, has sharply declined, causing him to drop off the Bloomberg Billionaires Index.
Spirit Airlines will close its crew base at Atlantic City International Airport in September, affecting 157 pilots and flight attendants, but the airline will continue its flight operations at the airport.
OpenAI CEO Sam Altman has officially become a billionaire, with his investments in various companies pushing his net worth over $1 billion, according to Forbes.
Elon Musk's deposition in a lawsuit reveals that he admitted to not vetting information, fell for right-wing conspiracy theories, and acknowledged causing financial harm to Tesla, while also admitting to operating burner accounts on social media.
Passengers on Delta's special eclipse flight, which cost $1,150, were disappointed as they were unable to see the full eclipse from the plane and ended up with a worse view than those on the ground.
Delta Air Lines is implementing a new numbered zoning system to streamline and improve the boarding process, providing clarity and consistency for passengers and employees, and potentially reducing turn times between flights.
Elon Musk admitted during a deposition that his social media posts may have caused more financial harm than benefit to his company, as he faces a defamation lawsuit filed by a man falsely accused of participating in a neo-Nazi demonstration.
The Dow Jones and other major stock indexes experienced losses, but later recovered slightly as investors awaited an important inflation report, with Tesla rising and Nvidia falling on the stock market.
Lucid set a new record for EV deliveries in Q1 2024, despite a decrease in production and significant price cuts, raising questions about whether they can meet their targets for 2024.
Wells Fargo strategists have increased their year-end target for the S&P 500 to 5,535, citing growth in AI, positive earnings outlook, and expectations for interest rate cuts as reasons for the higher projection.