sales figures

Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries

CNN — Elon Musk, CEO of Twitter and Tesla, with House Speaker Kevin McCarthy and Democratic Leader Hakeem Jeffries at the US Capitol in Washington on Thursday evening. McCarthy, leaving the meeting with Musk in his office, declined to comment other than to say, “He came for my birthday.” The California Republican turned 58 on …

Elon Musk meets Speaker of the House Kevin McCarthy and Hakeem Jeffries Read More »

Rupert Murdoch backs out of recombining Fox and News Corp

New York CNN — Rupert Murdoch has dropped plans to combine Fox Corporation and News Corporation, a move that would have brought his broadcasting and print publishing companies together under one roof. The companies said in nearly identical press releases that they had received a letter from Murdoch stating that he and his son Lachlan …

Rupert Murdoch backs out of recombining Fox and News Corp Read More »

Elon Musk returns to the helm in class action lawsuit over controversial tweet

washington d.c. CNN — Tesla CEO Elon Musk spoke again Monday morning in a California courtroom to testify for a second day in the trial regarding his controversial 2018 “funding secured” tweet. Musk, Tesla and the company chiefs are facing shareholder lawsuit over the tweet, in which the billionaire said he planned to take Tesla …

Elon Musk returns to the helm in class action lawsuit over controversial tweet Read More »

Here are the companies that have laid off employees this year

New York CNN — Just this week, Alphabet, the parent company of Google, Microsoft (MSFT) and Vox Media announced layoffs that affect more than 22,000 workers. Their moves follow job cuts earlier this month at Amazon, Goldman Sachs and Salesforce. More companies are expected to follow suit as companies that have been hiring aggressively over …

Here are the companies that have laid off employees this year Read More »

FTC asks federal court to hold ‘pharmaceutical brother’ Martin Shkreli in contempt

Washington CNN — The Federal Trade Commission on Friday asked a federal court to hold “Pharma Bro” Martin Shkreli in contempt after Shkreli allegedly flouted a recent FTC investigation into his business dealings and failed to make the $64.6 million payment. of dollars he owed for his past wrongdoings. The FTC’s contempt motion follows what …

FTC asks federal court to hold ‘pharmaceutical brother’ Martin Shkreli in contempt Read More »

Netflix founder Reed Hastings steps down as co-CEO

New York CNN — Netflix announced on Thursday that its founder Reed Hastings is stepping down as co-CEO of the company and will become executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in …

Netflix founder Reed Hastings steps down as co-CEO Read More »

Retail sales continued to slide in December as shoppers battle inflation

Minneapolis CNN — It was a ho-hum end to 2022 for spending in America. U.S. retail sales continued their slide in December, falling 1.1% as inflation remained high, the Commerce Department reported on Wednesday. This is the biggest monthly decline since December 2021, and virtually every category (except building materials, groceries and sporting goods) saw …

Retail sales continued to slide in December as shoppers battle inflation Read More »

Jack Ma relinquishes control of the Ant group

CNN — Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s shareholders agreed to reshape its shareholding structure, according to a statement released by the company on Saturday. After the adjustment, Ma’s voting rights will drop to 6.2%, according to the statement and CNN’s calculations. Prior to the restructuring, Ma …

Jack Ma relinquishes control of the Ant group Read More »