Business
Tesla profit plunges 55% as it warns of ‘notably lower’ sales growth
EV maker’s first-quarter net income plummeted to $1.13 billion amid falling global sales and price cuts. Read More
I’m a venture capitalist, and here’s why I believe we need to guarantee everyone’s basic needs: The social floor is actually a trampoline that can propel our economy
Imagine how people might participate differently in the economy if the society guaranteed their basic needs Read More
Here’s who might buy TikTok as a Senate ban-or-divest order appears all but certain
The TikTok divestment bill was bundled into a massive $95 billion aid package, which helped fast-track it through Congress. Read ...
Interested in a career in helping others get fit? These are the best personal trainer certifications for 2024
Fortune analyzed nearly two dozen programs and ranked the top 10. Read More
Apple supplier Jabil benches its CEO as it investigates his conduct—but he’ll still collect his full $1 million salary
Kenneth “Kenny” Wilson, will serve a paid leave while the investigation continues. Read More
Ex-Centerview banker did not clinch partner deal at meeting, US court rules
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
Ithaca Energy agrees £750mn deal for most of Eni’s UK oil and gasfields
The transaction should turn the London-listed company into one of the North Sea’s largest producers
Chinese speculators super-charge gold rally
Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metal
Two UK water companies lack complete maps of sewage networks
Shortage of data raises questions over condition of infrastructure as groups seek sharp increases in bills
Lackluster returns from Ray Dalio’s key investing strategy lead investors to pull $70 billion from funds—’It’s been disappointing for a long time’
Investors cut the amount in risk-parity funds to about $90 billion by the end of 2023, from a peak of ...
HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker
HashiCorp’s business is growing considerably faster than that of IBM, which has been confronting a challenging economic environment.
DJT stock plunges 9% with Trump set to qualify for 36 million bonus shares
Trump will receive an additional 36 million shares, worth about $1.15 billion, if the stock closes above a $17.50 minimum ...
Summer or autumn? Rishi Sunak’s election date dilemma
Prime minister and his advisers are trying to figure out when is the best time to hold a poll
Cruise operator Viking targets $11 billion valuation as IPO market stays hot
Viking, which has $5.4 billion in debt, is planning to go public next week. Read More
Senate advances long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill
President Biden initially proposed aid for Israel, Ukraine and Taiwan in October.
Meet the four types of millennials, from the Great Recession-blighted set to the ‘peak’ of the generation
It helps explain the “tale of two cities” of millennials. Read More
Nvidia will soar 21% to $1000—it’s among 10 stocks set to surge after earnings, Morgan Stanley says
“We believe earnings growth is set for a healthier runway through 2024,” Morgan Stanley’s analysts wrote. Read More
Japanese ‘sugar baby’ sent to prison after swindling men out of $1 million and selling a guide on how to do it
Her case is an extreme example of disasters that can arise in a sugar relationship. Read More
Gucci-owner Kering expects first-half profit to shrink by up to 45%
French luxury group says its performance ‘worsened considerably’ in the first quarter amid Gucci reset
Lenders flying blind on private equity risk, Bank of England warns
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiasco
Investors fear Thames Water contagion, Barclays says
A potential failure at the UK’s biggest water provider could carry sector-wide risks, survey finds
ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
The disclosures show how TikTok officials lobbied Congress and President Joe Biden’s executive office last quarter.
Handbag deal challenge contains warning for all serial acquirers
The FTC has defined a specific market of accessible luxury it says will be harmed if the deal goes through
Bilt Mastercard: Earn travel rewards just by paying rent
The Bilt Mastercard allows you to earn rewards by paying rent in addition to being the rare travel card that ...
BlackRock doubled security spending for CEO Larry Fink amid growing backlash to ESG investing
The world’s largest asset manager paid $780,00 last year for security guards and an upgraded security system at Fink’s home, ...
Tesla cutting around 2,700 jobs in Austin as part of broad restructuring
Tesla is eliminating about 12% of its workforce at a factory in Austin, where the electric vehicle company is headquartered.
Nearly half of all baby boomers couldn’t afford their current homes if they were to buy them today, survey finds
“Rising home prices are a double-edged sword,” a Redfin senior economist said. Read More
Dimon cautions over soft landing for ‘unbelievable’ US economy
JPMorgan Chase chief says in interview that he’d ‘love to be president, but you’d have to anoint me’
Ex-Googler and Palestinian-American fired for opposing Project Nimbus speaks out: ‘This was not my idea of what the American workplace should be’
Several fired Google employees spoke at a press conference Monday about their experiences. Read More
Prosecutors ask judge to punish Trump for violating trial gag order
Manhattan district attorney’s office accuses former US president of targeting witnesses in ‘hush money’ trial
