Business
Geely-backed luxury EV brand Zeekr says it’s already beating Tesla in parts of China
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and ...
Jefferies boss sells $65mn in stock to buy a customer’s yacht
Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
Employers are using zero-hours contracts to cut wage bills, study finds
Research by Resolution Foundation will increase calls for reform of UK workers’ rights
UK veterinary deal with EU could boost agrifood exports by 22%, study finds
Since Brexit, food and drink industry has faced border checks on business with largest trading partner
BHP proposes takeover of Anglo-American in mining mega-deal
Combination would bring together two of the leading players in the industry
Baby boomers are fearful of soaring costs for food and housing
A third of older adults with credit card debt carry a balance of more than $10,000 and 12% have a ...
Meta loses $200 billion in value as Zuckerberg focuses on all the ways company bleeds cash
Meta CEO Mark Zuckerberg spooked investors on the company’s quarterly earnings call Wednesday.
IBM shares fall after flatlining sales in its second-largest business unit
IBM separately announced it would buy HashiCorp, which sells software to manage cloud-computing operations, for $6.4 billion. Read More
Investors yank $2.2 billion from Cathie Wood’s once-mega popular Ark funds, even as tech skyrockets
The firm’s cumulative ETF assets are down 81% from 2021 highs. Read More
The FTC noncompete ruling will narrow the gender gap in entrepreneurship
Noncompete agreements make entrepreneurship more costly, more risky, and more penalizing for women. Read More
Tesla driver said he was using Autopilot and looking at his phone before a crash that killed a motorcyclist
The motorcyclist, Jeffrey Nissen, 28, was under the car and pronounced dead at the scene, authorities reported. Read More
Luxury home prices have gotten so unwieldy that Ye, formerly Kanye West, had to slash the price of his Malibu mansion by around $14 million
Some of Ye’s Malibu neighbors reportedly said the property was “left to rot.” Read More
A new reality of 7% mortgage rates could be setting in, top economist says
“If we look at where a 10-year Treasury yield is trading or settling, that’s a key driver of where mortgage ...
The race for human-AI interaction usage data is on—and the stakes are high
Google won search with its trove of usage data. Look for AI to be won in a similar fashion. Read ...
After shrugging off a $355 million loss, Boeing slogs through fresh allegations it retaliated against workers
Two Boeing engineers said their poor—and identical—performance reviews were the company lashing out over their raised safety concerns. Read More
Rubrik prices IPO at $32 per share, above the expected range
Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.
Labour pledges to fully renationalise rail network
Opposition says it will roll out reforms within first term if it wins UK general election
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic
Meta’s stock sags under the weight of aggressive AI spending
Meta has been spending insistently to compete on AI against other tech peers like Microsoft and Alphabet. Read More
The university protests against Israel’s action in Gaza are a defining moment for Gen Z
Many Gen Zers want their institutions to divest from Israel in light of the devastation in Gaza. Read More
Bird flu fragments are in pasteurized milk now, but government still consider it safe to drink
U.S. agencies say milk is still safe thanks to pasteurization, a process invented in 1864 to kill harmful bacteria. Read ...
China drives both EV production and sales—but the fate of the country’s EV brands could soon be in the hands of emerging markets like Thailand
While sales of EVs in emerging markets like Southeast Asia are still small, they’re growing fast. Read More
Meta’s plans for AI spending spree send shares lower
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidance
Why David Beckham is suing Mark Wahlberg’s fitness company
Beckham is suing F45 Training, a fitness company co-owned by Wahlberg, claiming it owed him millions of dollars for an ...
Boeing slows its airplane deliveries by 36% and burns $3.9 billion in cash as CEO Dave Calhoun hopes to ensure the public is ‘100% confident’ in their planes
“Lower deliveries can be difficult for our customers and for our financials. But safety and quality must and will come ...
Biden administration’s ‘commonsense’ retirement rule could save workers $5 billion a year
“This rule ensures that advisors must put their clients’ interests front and center.” Read More
Concord tops Blackstone in bidding war for Hipgnosis
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Columbia’s ‘Gaza encampment’ becomes epicentre of US stand-off
Anti-Israel slogans echo across Ivy League quad as protests spread across the country
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-taking
