A really bad day at a once high-flying Silicon Valley startup just a got a whole lot worse for many (now former) employees. Robinhood (HOOD) – Get Robinhood Markets Inc. Report, the troubled brokerage that attracted the attention of Gen Z investors, can not catch a break and is laying off 23% of its employees.…
Elon Musk, the chief executive of Tesla (TSLA) – Get Tesla Inc. Report, likes to present himself as a free-speech absolutist who supports robust debate about key issues. But that tone shifts when things come closer to home, such as during the electric-vehicle maker’s annual meeting. Tesla’s annual meeting, set for later this week, has a…
During the pandemic, while cruise lines sailing from U.S. ports were not able to take passengers, getting an email from Royal Caribbean International (RCL) – Get Royal Caribbean Group Report usually meant something bad. When cruising stopped in March 2020, the cruise line kept selling future sailings. That’s because if it didn’t, and the Centers…
Elon Musk’s Tesla (TSLA) – Get Tesla Inc. Report remains the king of the electric vehicle makers as delivery and production results from its rivals still pale in comparison. While Tesla’s July deliveries and production numbers are expected in the next day or so, its totals for the month will likely be thousands higher than its…
This is the appointment not to be missed: Twitter v. Elon Musk. After three months of a campaign marked by theatrics and public shouting matches, the showdown between the richest man in the world and one of the social networks shaping public opinion finally has a date. The trial between the two parties will open…
While the economy in the United States faces unprecedented inflation, high gas prices, and a tightening job market, the current economic woes look very different than past recessions. The economy has its problems, but lots of people are doing well, and jobs remain relatively plentiful. There’s sort of a grey cloud hanging over everything, where…
As the cruise industry continues to recover from the effects of the covid pandemic, more and more passengers are returning to ships to get a break from their regular routines. To a large extent, the process has gone well, but there have been some frustrating carryovers from the worst of the pandemic. For instance, there…
The covid pandemic has not ended, but the United States has gotten better at managing it. People still get infected, but the easy availability of vaccines as well as new treatments has kept serious illness from overwhelming America’s hospitals. Most of the country has simply moved past the covid pandemic. You might see people opting…
Stocks have scored an impressive rebound in recent weeks, with the S&P 500 gaining 13% since June 16. The rally has stemmed from signs of economic weakness that have helped spark declines in real rates, speculation that the Fed may turn more dovish and some better-than-expected earnings report. U.S. stock funds saw a net inflow…
Korean band BTS has been on fire for the past few years in America, appearing everywhere from the cover of Time Magazine as its 2020 Entertainer of the Year to performing at the Grammys. The band has been around much longer than that though–since 2013, to be exact–and in the decade since, BTS has become…
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