In a blow to Elon Musk's attempt to suppress criticism, a judge dismissed a lawsuit by X (formerly Twitter) against the nonprofit Center for Countering Digital Hate (CCDH), exposing Musk's double standard on free speech.
Elon Musk's lawsuit against the Center for Countering Digital Hate (CCDH) was dismissed by a US District Judge, who stated that the real motive of the suit was to silence critics rather than address the issue of lost advertising revenue due to hate speech reports.
Trader Joe's has increased the price of its signature 19-cent banana to 23 cents, citing the need to adjust prices based on costs, marking the first change in more than two decades.
Disney is facing a battle for control over its board of directors, as Nelson Peltz of Trian Group gains support, but Disney is fighting back; in the midst of this, Disney's shares have risen almost 3% and analyst Kannan Venkateshwar has upgraded Disney's rating from Equal Weight to Overweight with a price target of $135, citing positive developments like improving free cash flow and earnings per share guidance, leading to investor satisfaction.
Chick-fil-A is softening its stance on antibiotics by allowing the use of some antibiotics in its chicken, citing the need to maintain a high-quality supply, though it will still avoid antibiotics that are important for human medicine.
Tech giants Apple, Google, and Meta are being investigated by EU antitrust regulators for potential violations of the Digital Markets Act, which could result in significant fines of up to 10% of their global annual turnover.
Nissan has announced "The Arc," a new business plan focused on increasing electrification, product offerings, and partnerships to improve profitability, with the goal of launching 30 new models in the next three years, including 16 EVs and 14 internal combustion engine (ICE) vehicles, and increasing global unit sales by 1 million before fiscal year 2027.
Tesla CEO Elon Musk has lost his lawsuit against the nonprofit Center for Countering Digital Hate (CCDH) after a judge dismissed the case, stating that Musk targeted the organization due to its criticism of his social media platform and its potential negative impact on advertisers.
GameStop is expected to report a 7.9% decline in revenue for Q4, following mixed earnings results in the previous quarter.
EV startup Lucid has received a $1 billion investment from Saudi Public Investment Fund's affiliate, Ayar Third Investment Co., to support the launch of its first electric SUV, the Gravity.
Barclays analyst Kannan Venkateshwar predicts that Walt Disney stock has a potential upside of 17% as the company improves its financial performance and reports better-than-expected earnings results, despite facing challenges from activist investors.
Reddit, despite generating less revenue than The New York Times, is currently seen as a more valuable media company due to its lower cost of revenue and the belief that its flow of free content will continue to attract advertisers.
Investors withdrew nearly $1 billion from crypto investment products after a strong period of gains, with hesitancy and Bitcoin's recent price dip cited as the main reasons for the outflows.
Chick-fil-A will modify its 'No Antibiotics Ever' policy and allow the use of animal antibiotics while continuing to bar antibiotics used to treat humans in their chicken, citing difficulties in obtaining large amounts of antibiotic-free chicken.
A judge has dismissed a lawsuit by X Corp (formerly Twitter) against the Center for Countering Digital Hate (CCDH), ruling that the tech company's motive was to punish the group for exercising free speech by sharing research on racist and hateful content on the platform.
Apple faces multiple new class action lawsuits accusing the company of monopolizing the smartphone market and inflating product costs through anticompetitive conduct, mirroring the DOJ's claims in its lawsuit against Apple.
Activist investor Nelson Peltz criticizes Disney's "woke" film strategy, questioning the leadership of Marvel's Kevin Feige and the push for diversity in films like Black Panther and The Marvels.
Philanthropist Mackenzie Scott has donated about $137 million to nearly 80 non-profit organizations in California, as part of her latest round of contributions totaling $640 million to 341 charities nationwide.
The Mega Millions and Powerball jackpots have reached a combined total of nearly $2 billion, making it the first time both games have simultaneously grown so large due to months without a winner.
Amazon stock is expected to benefit from the growing relationship between Amazon Web Services and Nvidia, as Nvidia's recent event highlighted the rapid growth of artificial intelligence, particularly in the enterprise sector.
EU Launches Landmark Antitrust Investigations into Apple, Google, and Meta Over Digital Market Power
European Union regulators have launched investigations into Apple, Google, and Meta for suspected non-compliance with the Digital Markets Act, a new law aimed at preventing Big Tech companies from dominating digital markets.
GameStop is set to release its latest earnings report, with investors anticipating positive results despite concerns about the decline in its core business of selling used video games, prompting speculation on whether it is a buy, sell, or hold.
Trump Media & Technology Group, including its social networking site Truth Social, will begin trading on the Nasdaq stock market, making former President Donald Trump's stake worth nearly $3 billion.
A federal judge has dismissed a lawsuit by Elon Musk's X against a watchdog group, criticizing the case as being punitive and about punishing the defendants for their speech rather than protecting the platform's security and legal rights.
A federal judge has dismissed Elon Musk's lawsuit against a research group that reported an increase in hate speech on X (formerly known as Twitter), stating that the organization's reports were protected by the First Amendment.
Nissan has unveiled a new business plan called "The Arc" that aims to accelerate the shift to electric vehicles (EVs) by significantly reducing EV costs and achieving cost parity between EVs and internal combustion engine (ICE) cars by 2030. The plan includes launching 30 new models over the next three years, with a target of 40% EV sales by 2026 and 60% by 2030. Nissan also plans to introduce new EV technologies and forge partnerships to enhance its competitiveness in the EV market.
Chick-fil-A has announced that it will no longer adhere to its pledge of serving antibiotic-free chicken, but will instead serve chicken that is free of antibiotics "important to human medicine."
A judge in California has dismissed Elon Musk's lawsuit against the Center for Countering Digital Hate, stating that the case was about punishing defendants for their speech and represents an attempt to censor criticism.
Intel stock is falling below a support zone on China news and faces the risk of being excluded from government computers, highlighting the threat to tech companies.
Disney shares rose more than 2% after an upgrade by Barclays analyst Kannan Venkateshwar, who cited better-than-expected earnings and cash flow, as well as "tactical tailwinds" such as cost cuts and Hulu's consolidation, as reasons for investor confidence.
The Dow Jones Industrial Average falls about 150 points despite a bounce for Boeing shares as financial markets remain near record levels.
The Dow Jones fell, but Boeing rose as CEO Dave Calhoun announced his departure, Super Micro Computer and Nvidia rallied, Bill Ackman stock approached a buy point, and Digital World Acquisition soared; meanwhile, Allstate, Badger Meter, and Ares Management are promising stocks nearing entry.
The $418 million Realtor settlement fund, resulting from a class-action lawsuit, will provide a small payout to sellers, potentially as low as $13, but the more significant impact of the settlement is the changes it will bring to the real estate industry.
According to a survey, 41% of managers hope to replace workers with cheaper AI tools in 2024, indicating that the greater impact of generative AI on workplaces could lead to potential job losses and reduced salaries.
The European Union has launched investigations into Alphabet, Apple, and Meta over alleged noncompliance with new antitrust laws, which could result in heavy fines of up to 10% of the companies' total revenue.
A Publix shopper in Florida won $1 million playing Powerball by matching all five white ball numbers.
Boeing faces multiple threats, including legal risks, regulatory pressure, cash burn, a tarnished reputation, and declining investor confidence, as it deals with the aftermath of the door plug blowout incident on an Alaska Airlines flight and other safety concerns.
Jeep has unveiled four special trucks built for the 2024 Easter Jeep Safari, including a Wrangler Rubicon 392 with a see-through hood, a Wrangler 4xe plug-in hybrid with a retro look, a Gladiator Rubicon with a 40-inch off-road tires, and a Grand Wagoneer with a custom tent and outdoor-friendly features.
Lucid Motors is receiving an additional $1 billion investment from Saudi Arabia's Public Investment Fund to help offset the high costs of producing and selling its luxury electric sedan, the Air, despite the company expressing concerns about over-reliance on Saudi funding.
MNC Capital has increased its takeover offer for Vista Outdoor, raising concerns about national security related to a non-American rival bidder.
Amazon's Big Spring Sale 2024 is ending soon, offering deals on a wide range of products including kitchen appliances, tech gadgets, and fashion items.
Trian Group claims that the issue with Disney lies with the board, not the CEO, and is pushing for changes to boost the company's financial returns.
The Biden administration has pledged $6 billion in funding for projects aimed at reducing emissions from the industrial sector, marking the largest-ever U.S. investment in decarbonizing domestic industry and fighting climate change. The funding will support 33 demonstration projects across more than 20 states, targeting industries such as aluminum, steel, food and beverage, and cement. The goal is to eliminate 14 million metric tons of pollution annually, equivalent to taking about 3 million cars off the road.
The DOJ antitrust lawsuit against Apple includes a complaint about iMessage's exclusivity and the use of green chat bubbles on Android, which the lawsuit claims creates social stigma, leading one lawyer to suggest that the DOJ is essentially complaining that people think the iPhone is cooler than Android phones.
California restaurants, particularly pizza joints, are cutting jobs and reducing hours for employees in preparation for a state law that will raise the minimum wage for fast-food workers to $20 per hour.
The European Union has initiated investigations into Apple, Google, and Meta (parent company of Facebook) on suspicions of non-compliance with the Digital Markets Act, a law aimed at promoting competition in digital services, which could result in heavy fines if violations are found.
The negotiations between Fisker and a large automaker have been terminated, putting a rescue funding effort in danger and causing the startup's stock to plunge; Fisker is now considering other strategic alternatives.
Wall Street strategist John Stoltzfus predicts that the S&P 500 will reach 5,500 by the end of the year, reflecting a 5% increase, due to positive signs in earnings, US economic growth, and a shift in the bearish sentiment.
The Biden administration will distribute up to $6 billion in federal funds to support the reduction of planet-warming emissions in high-polluting industries and promote clean manufacturing, with projects expected to eliminate 14 million metric tons of CO2 emissions annually and create tens of thousands of jobs.
The European Union has initiated investigations on Alphabet/Google, Apple, and Meta under the Digital Markets Act (DMA) for potential violations related to competition rules, such as self-preferencing, steering, and data usage, with potential fines ranging up to 10% of global annual turnover.
