Business
The Latest
Billionaire Peter Thiel was trapped inside Cambridge University debate hall by anti-Israel protesters
May 9, 2024 | 12:41pmThiel, the 56-year-old co-founder and chairman of Palantir, was a keynote speaker at an event held at Cambridge Union in the UK.
Apple's new iPad commercial provokes outrage: 'Destruction of the human experience'
May 9, 2024 | 12:28pmSet to Sonny & Cher’s “All I Ever Need Is You,” the 60-second ad showed various beloved objected being compressed into the shape of its new iPad Pro.
Sam Ash files for Chapter 11 bankruptcy after 100 years in music business
May 9, 2024 | 12:28pmSam Ash "has been heavily dependent on in-store traffic, which was eliminated during the pandemic and has materially declined in recent years," the company said.
FDIC chair faces calls to resign after reports of rampant sexual harassment at bank regulator
May 9, 2024 | 11:47amMartin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing an influx of calls to resign after a blistering, 234-page report released Tuesday revealing widespread sexual harassment and...
Warner Bros. Discovery posts $966M loss, hurt by slumping ad sales and Hollywood strikes
May 9, 2024 | 11:23amAdvertising revenue in its networks segment, which includes CNN and the Discovery Channel, fell 11% in the first quarter.
Shady Southwest passengers are abusing the preboarding process — and fellow flyers are furious
May 8, 2024 | 11:22pmUnscrupulous passengers are said to be increasingly taking advantage of the Dallas-based airline's generosity toward travelers who "need a little extra time" when boarding.
Disney, Warner Bros. join forces to offer streaming bundle of Disney+, Hulu and Max
May 8, 2024 | 6:54pmBoth companies are trying to build their streaming businesses as customers ditch traditional cable.
TikTok boss on leave after allegedly bullying women: report
May 8, 2024 | 4:52pm"This man is f--king unhinged," one woman wrote in a text message to a colleague describing her boss, Tobias Henning, after a one-on-one meeting.
Hollywood bracing for its worst summer at the box office since 2000 as experts predict $1B falloff
May 8, 2024 | 4:20pmLast year, the summer movie season raked in $4.1 billion thanks to hits such as "Barbie" and "Oppenheimer."
Royal Caribbean recruiting up to 10K workers in 2024 to meet record cruise demand
May 8, 2024 | 2:51pmThe number of people taking cruises hit an all-time high in 2023, and with the surge in demand and larger vessels, labor needs are growing.
GM to stop making iconic Chevy Malibu after 60 years as it shifts to EVs
May 8, 2024 | 2:21pmThe Malibu is the last remaining Chevrolet car offered in the United States besides the Corvette. GM ended production of the Chevrolet Camaro late last year.
Warner Bros. Discovery hiking Max price, mulling layoffs in cost-cutting move: report
May 8, 2024 | 1:34pmThe reported cost-cutting plans could include possible layoffs at the media company which has already eliminated more than 2,000 positions over the past year.
Failed crypto giant FTX has recovered billions more than it needs to pay back bankruptcy victims
May 8, 2024 | 1:28pmFallen cryptocurrency exchange FTX has raked in billions of dollars more than it needs to fully pay back customers who lost funds in its November 2022 collapse. In a rare...
Gen Z has an average of $2,834 in credit card debt, over 25% more than millennials before them
May 8, 2024 | 12:54pmInflation-battered Gen Zers face a debt load that is significantly higher than millennials carried when they were their age, according to a troubling new report. The average credit-card balance for...
YouTuber uses finger to test Cybertruck trunk sensor -- and it doesn't go well
May 8, 2024 | 12:13pmTesla's troubled Cybertruck flunked a safety test on its front-facing trunk -- slamming shut on the finger of one driver who tested the vehicle's hatch sensor. Jeremy Judkins, a YouTube...
Pfizer agrees to settle over 10K lawsuits linking Zantac to cancer
May 8, 2024 | 11:57amThe lawsuits were filed in state courts nationwide, but the agreements don't completely resolve Pfizer's exposure to claims linking Zantac and cancer.
Tesla Autopilot probe focusing on securities, wire fraud after Musk hyped self-driving tech
May 8, 2024 | 11:46amProsecutors are far from deciding how to proceed, one of the sources said, in part because they are sifting through voluminous documents Tesla provided in response to subpoenas.
Uber shares hit pothole on surprise earnings loss as Lyft zooms with female drivers
May 8, 2024 | 11:12amLyft's initiative to get more women in the drivers seat helped boost its number of females customers.
Swiss Army Knife set to release a new pocket tool — without a knife — citing 'violence in the world'
May 8, 2024 | 11:11amThe manufacturer of the iconic Swiss Army Knife said that's releasing a new multi-tool that comes without a knife. The pocket tool-maker Victorinox's CEO Carl Elsener said in an interview...
Facebook oversight board set to rule on whether anti-Israel rallying cry is 'hate speech'
May 8, 2024 | 10:14amThe board said it was citing three posts that were flagged by Facebook users in the wake of the Oct. 7 terrorist attacks by Hamas.