The City of Chicago is suing Hyundai and Kia for failing to include engine immobilizers in their vehicles, leading to a surge in car thefts and related crimes, and is seeking restitution for impacted customers and fines for violations.
Sam Bankman-Fried has appealed his pre-trial detention, claiming that he was being punished for exercising his right to free speech, after sharing personal writings with a reporter to defend his reputation in the collapse of his FTX cryptocurrency exchange.
Elon Musk's relationship with his transgender daughter, Vivian Jenna Wilson, has reached a new low, as he has publicly called her a "communist" and blamed her political views on her expensive private high school education.
Apple has increased iPhone prices in China, Japan, and India, while reducing prices in Europe, with analysts suggesting that the company is targeting less price-sensitive customers and taking advantage of established financing and trade-in options.
The Chuckle & Roar Ultimate Water Beads Activity Kit has been recalled after a 10-month-old child died from swallowing the beads, which can cause choking, intestinal obstruction, and even death if ingested, prompting the Consumer Product Safety Commission to issue a warning and offer refunds to consumers who purchased the product.
Ford is expected to take a $270 million hit due to a recall of 169,000 vehicles, including the Ford Explorer, over faulty backup cameras that can malfunction and not show a feed when activated.
Arm Holdings, the chip design company controlled by SoftBank, saw its shares jump over 16% during intraday trading after its IPO at $51 per share, valuing the company at almost $60 billion.
Former executive of Celsius Network, Roni Cohen-Pavon, pleads guilty to charges including market manipulation and agrees to cooperate with prosecutors' investigations into the cryptocurrency lender's collapse.
Tesla is set to defend itself in two upcoming trials against allegations that its Autopilot feature caused fatal accidents, which will test CEO Elon Musk's claims about the technology and could impact the company's financial future.
A search and rescue operation is underway after a passenger went overboard from a Royal Caribbean cruise ship near Cuba.
With less than 24 hours left before current strikes expire, the United Auto Workers' union and the Detroit Big 3 automakers have not yet reached a deal, but the union has started laying out its strike plan, which includes striking at a small number of plants and potentially adding more locations if bargaining doesn't progress satisfactorily.
Ten Sweetgreen employees are suing the salad chain in New York City, alleging racial discrimination, including the use of racial slurs and preferential treatment towards Hispanic workers. The employees also claim that their complaints were ignored and that there was sexual harassment in the workplace.
Aurubis, Europe's top copper producer, experienced a significant drop in shares after uncovering discrepancies in its metal inventories, suspected to be the result of manipulation by suppliers and internal employees, potentially leading to losses in the low, three-digit-million-euro range and raising concerns about inventory management in the metals sector.
The European Central Bank has raised its main interest rate for the 10th consecutive time to tackle inflation, but indicated that further hikes may be paused for now, causing the euro to fall and European stocks to rally.
UPS driver's pay has sparked both complaints and praise, as a viral Reddit post revealed that some drivers can earn over $2,400 for a week of work, highlighting the benefits of the recent pay increase negotiated through the Teamsters union.
Watches of Switzerland Group saw its market value decrease by a quarter after Rolex announced its acquisition of leading Swiss watch retailer Bucherer, leading to concerns about a potential conflict with Rolex's direct-to-consumer sales efforts and potential limitations on Watches of Switzerland's expansion.
Nvidia stock is expected to more than double over the next 12 months, with analysts predicting a potential price target of over $1,000, thanks to the company's strong performance driven by AI and a reasonable valuation. However, challenges such as export restrictions to China and emerging competition may pose obstacles for the company.
Tesla shares dropped 5% after the company reduced prices on certain models and its premium driver assistance software, despite CEO Elon Musk's previous statement that the price of the software would only increase.
Google cofounder Sergey Brin attempted to avoid a selfie with Elon Musk that Musk used to deny allegations of an affair with Brin's wife, according to a new biography by Walter Isaacson.
Nearly 64,000 Kaiser Permanente health care workers in California, Oregon, and Washington have authorized a strike if no new contract is reached by the end of September, making it potentially the largest ever health care worker strike in the US.
US Treasury bonds are on track for their longest stretch of losses ever, facing three consecutive annual declines, which hasn't happened since 1787, due to rising interest rates and a decline in bond prices.
MGM Resorts and Caesars Entertainment have both been targeted by cyberattacks, leaving their operations disrupted and raising concerns about the security of customer data.
Netflix shares slipped 2% after Chief Financial Officer Spencer Neumann stated that the ongoing Hollywood writers' strike is negatively impacting their business, with Neumann also expressing that the ad-supported streaming option will not boost revenue in the short term and predicting slower growth in operating margins moving forward.
Shares of Vietnamese electric-vehicle maker Vinfast surged 21% on Monday, making it the third-most valuable automaker behind Tesla and Toyota, but the company still faces challenges in competing with established players in the EV market.
Rosalind Brewer has resigned as CEO of Walgreens Boots Alliance after less than three years, marked by challenges from COVID-19, declining profits, and a falling stock price.
Delta Air Lines plans to reduce access to its Sky Clubs, including capping visits for American Express Platinum Card holders, restricting access for basic economy ticket holders, and changing qualifications for its SkyMiles program.
Johnson & Johnson is replacing its iconic 135-year-old cursive logo with a modernized font as the company spins off a new medical devices and medication-focused company, while still using the old logo for its consumer products.
Tesla has released a revamped version of its Model 3 sedan, featuring a sleeker design and new features, while raising the price by 12% in China and cutting the price of its Full Self-Driving feature in the US by $3,000.
The decongestant phenylephrine, found in many cold and flu medications, has been deemed ineffective by a Food and Drug Administration advisory committee, and experts recommend alternatives such as pseudoephedrine, nasal sprays, and antihistamines to relieve nasal congestion.
Walt Disney Co is reportedly in talks with Nexstar Media Group Inc to sell its U.S. TV network ABC, as Disney looks to sell some of its traditional TV assets due to the rise of streaming services.
Southwest Airlines is limiting the opportunity to pay for its "EarlyBird" service, which allows passengers to board early and secure better seats, by reducing the number of spots available for purchase on certain flights.
General Motors will be closing its Arizona IT Innovation Center in Chandler, impacting about 940 employees, with severance packages and outplacement services offered based on length of employment.
Tesla CEO Elon Musk expressed concern over the "precision" in manufacturing the Cybertruck due to its "straight edges" and the visibility of dimensional variations, indicating that Tesla is still struggling with ensuring high quality for the highly anticipated electric pickup truck.
The second Florida Disaster Preparedness Sales Tax Holiday will offer tax exemptions on a wide range of household, personal care, and pet items from August 26 to September 8, 2023.
China Evergrande Group shares plummeted 79% on their first trading day after a 17-month suspension, with trading volume reaching 1.85 billion shares.
Walgreens Boots Alliance CEO, Rosalind Brewer, steps down, highlighting the slow progress of diversity at the top of major companies as she was the only Black female CEO of an S&P 500 company, leaving just 17 women of color in top leadership positions.
Hackers stole customer data from the loyalty program of Caesars Entertainment through a social engineering attack, highlighting cyber threats faced by the Las Vegas hospitality and casino industry; meanwhile, MGM Resorts is recovering from its own cyberattack.
Celebrate National Cheeseburger Day with Wendy's, as they are offering customers a Jr. Bacon Cheeseburger for just one penny with any purchase from September 18 to 22, through their app or website.
Leading technology companies, including Apple, Nvidia, and Alphabet, have agreed to invest in Arm Holdings' initial public offering, which is targeting a valuation between $50 billion and $55 billion, according to sources.
An animated web series called "Stoner Cats," supported by Mila Kunis and Ashton Kutcher, has been charged by the SEC for conducting an unregistered offering of crypto asset securities in the form of NFTs, resulting in a $1 million civil penalty.
Elon Musk reflects on his "brutal" relationship with Amber Heard in a new biography, discussing the intense and painful nature of their on-again, off-again romance.
Google Flights is introducing new insights that leverage historical trend data to help travelers determine the best time to book their flights, providing information on when prices have typically been lowest for their chosen destination on their selected dates.
Tesla has decreased the prices of its base models of the Model S and Model X, offering larger batteries and removing software limitations on range, making it a potentially good time to purchase one.
Warren Buffett's investment firm Berkshire Hathaway has sold about $158 million worth of HP stock after the purchase in April, as the PC and printer company's struggling businesses and declining growth outlook dampen its potential for long-term profitability.
The European Commission is investigating whether to impose tariffs on Chinese electric vehicles in an effort to protect its producers from imports that benefit from state subsidies. Chinese EVs have become cheaper due to Beijing's industry promotion policy, and their exports to Europe have grown significantly, making Europe an important market for Chinese auto brands.
German automaker BMW has unveiled its electric concept car, the "Vision Neue Klasse," which will serve as the foundation for the brand's next generation of electric vehicles, featuring improved battery cells that enhance charging speed and range, with plans to launch the first models in 2025.
Microsoft and Oracle have announced Oracle Database@Azure, a new service that allows customers to directly access Oracle database services running on Oracle Cloud Infrastructure and deployed in Microsoft Azure datacenters, providing more flexibility and a streamlined environment for cloud migration, multicloud deployment, and management.
Oil prices hit a 3-month high as OPEC maintains tight supply, leading to the threat of higher gasoline prices and increased inflation.
U.S. stocks opened higher following the Dow Jones Industrial Average's recovery from its worst day in five months as investors awaited Federal Reserve Chairman Jerome Powell's speech at Jackson Hole.
Bitcoin's 200-week EMA at around $25,700 is a crucial support level to watch, and if it holds, it could signal a potential entry point for a reversal, according to BTC price analysis.