A model of Tesla Inc.’s planned Optimus humanoid robot. on display during the Seoul Motor Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue until April 9. Photo: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The entire value of the S&P 500 currently stands at … Read more
JOHN RANDAL TYSON HAS BEEN SUSPENDED FROM HIS POSITION AS CHIEF FINANCIAL SHIFT OF TYSON FOODS. THE VERDICT FORECASTS HIS OVERNIGHT ARREST BY UNIVERSITY OF ARKANSAS POLICE. HE IS CHARGED WITH DWI. ACCORDING TO PRELIMINARY REPORT FROM UAPD – TYSON WAS STOPPED ON GARLAND STREET AFTER HITTING THE RULE. TYSON AT FIRST DENIED ANY DRINKING … Read more
Tesla CEO Elon Musk leaves the Tesla Gigafactory for electric cars after a visit to Gruenheide near Berlin on March 13, 2024. Ebrahim Noroozi/AP hide title change the subtitles Ebrahim Noroozi/AP DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge … Read more
DNY59 Berkshire Hathaway’s ( BRK.A )( BRK.B ) Charlie Munger believed strongly in the power of concentrated portfolios, holding only a few stocks outside of his BRK.A holdings, such as Alibaba ( BABA ) and Costco ( COST ). Personally, me I like to diversify beyond just a few holdings and generally keep about two … Read more
Economic experts are predicting trouble for President Biden as the nation heads toward a November general election, leaving little time for his administration to fix the stubbornly high inflation plaguing Americans. Inflation currently stands at 3.3% year over year, according to Labor Department statistics. Although it’s down from a near-record high of 9.1% in June … Read more
UPDATE: 8:15 p.m Hawaiian Electric said power was restored to all downtown Honolulu customers as of 8 p.m. Power in the downtown areas started coming on around 7:20 p.m., about nine hours after the outage began for most customers, the company said in a news release. “We know this was an extremely challenging day for … Read more
The North Star of macroeconomic policy—the ideal point toward which fiscal and monetary measures are intended to take us—is an America where jobs are plentiful and prices rise by 2 percent a year. And we may have come to just that place. In May, the US economy added 272,000 jobs, far more than economists had … Read more
(This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street talks. Please refresh every 20-30 minutes to see the latest posts.) A semiconductor maker and a tech giant were among the stocks to which were discussed by analysts on Thursday. Analysts reacted to Broadcom’s latest quarterly results, which sent shares higher. Meanwhile, … Read more
LOS ANGELES (AP) – The California Legislature signaled its intention Thursday to cancel a $400 million loan payment to help finance a longer life for the state’s last nuclear power plant, exposing a rift with the governor Gavin Newsom who says power is critical to maintaining energy supplies amid a rising climate. The votes in … Read more
Mike Whitaker, head of the Federal Aviation Administration, said Thursday that his agency’s new hands-on oversight of Boeing will ensure that air travel is safe, even as the planemaker’s shift to an appropriate safety culture will took considerable time. “It is the beginning of a long journey. There needs to be a fundamental change in … Read more