Iran has accused Israel of bombing its embassy complex in Syria, leading to a deadly escalation of tensions and raising the risk of a wider conflict in the Middle East.
Tesla stock tumbled after the EV maker reported a significant delivery miss for the first quarter, with global deliveries of 386,810 falling well below estimates of 449,080 and a year-over-year decline compared to Q1 last year, sparking concerns among investors and analysts.
Seven Tampa Bay area residents, including Ronald Wanek, Robert Duggan, and Eddie DeBartolo Jr., are among the world's billionaires for 2024 with net worths ranging from $2.7 billion to $5.3 billion.
Stocks fell as investors grew concerned that the Federal Reserve may delay interest rate cuts, leading to a decline in the Dow Jones Industrial Average and the S&P 500.
French luxury tycoon Bernard Arnault and his family surpass Jeff Bezos and Elon Musk as the world's wealthiest billionaires, with a fortune valued at $230 billion, according to the Bloomberg Billionaires Index.
Fast food chains in California, including Burger King and Hart House, have increased menu prices as a result of the new $20-an-hour minimum wage law, with some items seeing price hikes of up to $4.
Jeff Bezos solidifies his grip on Indian Creek island with the purchase of a third mansion worth $90 million, causing a stir among affluent inhabitants who were eyeing their own exclusive properties.
Opening a certificate of deposit (CD) account this April can allow savers to secure a high interest rate and protect against inflation before potential rate cuts later this year.
Costco is now offering its U.S. members access to prescriptions for GLP-1 weight loss drugs through its partnership with Sesame, a direct-to-consumer healthcare marketplace, allowing members to subscribe to Sesame's weight loss program for as low as $179 per subscription period.
Major automakers, including General Motors, Tesla, BYD, Rivian, Hyundai, Kia, Honda, and Toyota, have released their sales reports for the first quarter of 2024, revealing mixed results in electric vehicle sales and overall performance.
Stocks Sink as Healthcare Drops, Tesla Delivers Less, and Silver Lake Takes UFC Private in $13B Deal
US stocks declined on Tuesday as healthcare insurers dropped and investors faced the possibility of a delayed interest rate cut; the Dow Jones Industrial Average slipped around 1.1%, the S&P 500 shed about 0.9%, and the Nasdaq Composite led the declines, sliding around 1.2%.
Users on platforms like Reddit have been unsuccessful in trying to replicate the meme stock phenomenon for Trump Media and Technology Group, the company behind Truth Social, due to its lack of underlying fundamentals and institutional investors, and a decline in user numbers and poor financial performance have contributed to its valuation propped up primarily by Trump supporters.
Tesla's sales fell in the first quarter of this year, with a decline of almost 9% compared to the same quarter last year, as competition increased and price cuts failed to attract more buyers.
JetBlue has introduced dynamic pricing for its checked bag policy, charging higher rates on peak-season days and adding an additional $10 fee for bags checked within 24 hours of a flight, in an effort to cover increased costs and improve profitability.
McKinsey is offering underperforming employees the opportunity to receive nine months of pay and career counseling to help them find a new job.
United Airlines is requesting pilots to take unpaid time off due to ongoing problems with Boeing planes, including production delays and safety issues, potentially affecting the summer travel season.
Apple prohibited Federal Trade Commission Chair Lina Khan from appearing on Jon Stewart's cancelled show, The Problem with Jon Stewart, and discouraged any discussions on artificial intelligence, according to Stewart himself.
The Biden administration has approved Avangrid's New England Wind project off the Massachusetts coast, which will provide more electricity than the state's former coal-fired generating station, powering up to 1 million homes and businesses in southern New England.
New calculations have shown that the sun's radius is slightly larger than previously thought, resulting in a narrower path of totality for the upcoming solar eclipse in Ohio.
General Motors (GM) reported Q1 sales figures that exceeded expectations but were lower compared to last year due to decreased fleet sales, with trucks and pickups driving performance at the retail level, while SUV and pickup sales powered overall sales performance, and GM's EV sales saw significant gains, particularly with the Cadillac LYRIQ, Hummer EV, and Silverado EV.
Dividend payments from large caps in the S&P 500, including Meta Platforms, Salesforce, and Booking Holdings, contributed to a $16 billion increase in U.S. dividends in the first quarter, highlighting a shift in investor views towards the importance of dividends as a source of growth.
AT&T has discovered a data breach on the "dark web" that compromised sensitive information of millions of current and former customers, including Social Security numbers and passcodes, prompting the company to launch an investigation and notify affected individuals.
The newly-enacted $20 minimum wage in California is prompting some restaurateurs to invest in neighboring states due to concerns that the law will negatively impact their businesses.
Former FTX CEO, Sam Bankman-Fried, expresses remorse and acknowledges responsibility for defrauding customers and causing the collapse of his cryptocurrency exchange.
Jon Stewart accuses Apple of preventing him from interviewing the Federal Trade Commission chair, Lina Khan, on his show due to sensitivity regarding conversations about artificial intelligence and concentration of power in tech companies.
Apple reportedly asked comedian Jon Stewart not to have Federal Trade Commission (FTC) chair Lina Khan as a guest on his podcast, according to Stewart himself during Khan's appearance on "The Daily Show," with reports suggesting "creative differences" between Apple and Stewart playing into the cancellation of his show.
A lucky customer at Casey's General Store in Fridley, Minnesota, won $1 million in the Powerball lottery, while two others won $50,000 each from separate ticket purchases.
Kristen Wiig reprises her "Target Lady" character in a series of new TV spots for Target as part of a national ad campaign, ahead of her return to host Saturday Night Live.
Elon Musk's X has appointed two new employees, Kylie McRoberts and Yale Cohen, to oversee safety and brand trust on the platform in an effort to rebuild relationships with the advertising industry and establish trust among users.
Endeavor, the sports, entertainment, and talent management company, has agreed to be acquired by private-equity firm Silver Lake for an equity value of $13 billion, with the deal expected to close in the first quarter of 2025.
Stocks that traded heavily or experienced significant price changes on Tuesday include: PVH Corp. giving a disappointing earnings forecast, Veeva Systems' CFO resigning, Tesla delivering fewer vehicles than expected, UnitedHealth Group facing disappointing payment rates for Medicare Advantage plans, Schlumberger buying rival ChampionX, Paychex beating earnings forecasts, Roivant Sciences providing an encouraging update on an eye condition treatment, and Valero Energy gaining ground with rising oil prices.
China's leading EV seller, BYD, saw a 46% increase in sales during the first two months of 2024, with new-energy vehicle sales nearly tripling overseas, while Nio, Li Auto, and XPeng also reported significant growth in deliveries.
UnitedHealth and Humana stocks plummeted after the Biden Administration announced that final Medicare Advantage rates in 2025 will not change from initial plans in January, leading to a decline in other health insurers such as CVS Health and Cigna.
Chipotle is celebrating National Burrito Day by launching a word game called the Burrito Vault, where players have a chance to win free burritos for a year and a buy-one-get-one entrée code.
General Electric has completed its split into three separate companies, with its aerospace and energy businesses starting to trade as separate entities, marking a historic final step in the multi-year transformation of the company.
Amazon is removing its cashierless Just Walk Out technology from grocery stores, as the system proved alienating to some shoppers and impractical for larger purchases, although it will continue to be used in Amazon Go stores and licensed to other retailers.
Tesla delivered 386,810 vehicles in the first quarter of 2024, marking a 20% drop from the previous quarter and an 8% decrease from the same period in 2023, the company's first year-over-year sales decline since 2020. The figures fell below analysts' projections and were attributed to various factors including factory closures, production delays, and an early ramp-up of the revised Model 3.
Prospective homeowners in much of the U.S. will need to earn over $100,000 annually to afford a typical home, according to recent studies, reflecting a significant increase in housing costs compared to four years ago.
California is considering a bill that would give employees the "right to disconnect" from work communications during nonworking hours, making it the first state in the US to potentially enact such a law.
California State Assemblyman Matt Haney has introduced AB 2751, a "right to disconnect" proposition, which, if passed, would require California employers to clearly define work hours and prohibit employees from responding to work-related communications while off the clock, with fines for non-compliance.
The Powerball jackpot has reached $1.09 billion, continuing a three-month winless streak, with the odds of winning the top prize at 1 in 292.2 million.
AT&T customers are being urged by cybersecurity experts to enhance their security measures, including changing passwords and setting up two-factor authentication, following a data breach that affected 73 million accounts.
South Korea's KSTAR reactor has achieved a new fusion record by superheating a plasma loop to 180 million degrees Fahrenheit for 48 seconds, a step forward in the quest for clean energy.
Small business truckers are expressing concern and frustration over the Biden administration's new green energy regulations, fearing that the rules will lead to the closure of many independent trucking businesses and raise operational challenges.
The pandemic has led to an increase in tipping requests through digital payment systems, with companies like Square and Toast pushing the tipping revolution and benefiting from higher fees, although excessive tipping prompts may lead to customer irritation and decreased patronage.
The average American worker believes they need $1.46 million to retire comfortably, according to a survey by Northwestern Mutual, but most people have only $88,400 in their retirement accounts, leaving a substantial gap between savings and retirement aspirations.
The wealth of the world's billionaires has increased significantly in 2024, with 141 more billionaires and a combined net worth of $14.2 trillion, while the COVID-19 pandemic has wiped out savings for most Americans, according to Forbes and Fed data.
McDonald's franchisee in Northern California is raising menu prices by 5-7% due to the state's new $20-an-hour minimum wage law for fast food workers, but he will not raise the prices of Happy Meals.
JetBlue has increased checked bag fees and introduced dynamic pricing for luggage, as they seek additional revenue and try to reinvent their business amidst financial challenges and competition in the airline industry.
The upcoming Bitcoin halving may pose security risks to the mining industry, as smaller miners may withdraw from the market, leading to reduced hash rates and network vulnerability; however, historical evidence suggests that Bitcoin has shown resilience in the face of previous halving events.
