Elon Musk takes the witness stand in court trial over his failed attempt to take Tesla private
Elon Musk testified in court on Friday in a trial that may decide whether a tweet he sent in 2018 cost Tesla investors millions of dollars. Tesla shareholders are suing…
FTC calls for Martin Shkreli to be held in contempt of court for forming new drug company
The Federal Trade Commission on Friday asked that notorious “pharma bro” Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge’s…
Netflix founder Reed Hastings is giving up CEO role
Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced alongside its earnings report Thursday. Co-CEO Ted Sarandos will remain in his…
Flu, RSV and Covid may have peaked. But the threat isn’t over.
Emergency room visits related to three of the most disruptive viruses — the flu, respiratory syncytial virus and Covid — are falling nationwide. But does that mean the feared “tripledemic”…
Amazon discontinues charity donation program amid cost cuts
Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company’s broader cost-cutting efforts. Through the program, called AmazonSmile, the e-retailer donates…
The avian flu is hammering U.S. poultry farmers, leaving experts to ask: What has changed?
The worst outbreak of avian influenza on record is threatening to stretch into a second year, as the U.S. races to contain a virus that has already caused some food…
Party City files for bankruptcy after struggling with pandemic rebound
Party City filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending.…
Tesla video promoting self-driving was staged, engineer testifies
A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the…
Norway archaeologists find ‘world’s oldest runestone’
COPENHAGEN, Denmark — Archaeologists in Norway said Tuesday that have found a runestone which they claim is the world’s oldest, saying the inscriptions are up to 2,000 years old and…
Bank of America CEO expects ‘mild recession’ and is preparing for worse
Bank of America CEO Brian Moynihan said Friday that the bank is preparing for a potential recession in 2023, including a scenario where unemployment rises rapidly. “Our baseline scenario contemplates…