Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges in 2018. The…
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Business
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The U.S. Virgin Islands issued a subpoena to Tesla CEO Elon Musk seeking documents for that government’s lawsuit against JPMorgan Chase over sex trafficking by the bank’s late longtime customer Jeffrey Epstein, a court filing revealed Monday. That filing said the Virgin Islands has tried unsuccessfully to serve Musk…
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China’s market regulator said Tesla Inc. will fix software in more than 1 million vehicles to reduce the chance of accidents, the regulator said on Friday. The action is described as a product recall under Chinese…
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After a three-year national health emergency, over 1.1 million Covid deaths, a wave of retirements and high inflation, the U.S. labor force is smaller and tighter than before the pandemic. For workers, that means continued…
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With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted. Negotiations around whether the nation’s ability to borrow money should be…
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Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced. The Consumer Product Safety Commission said in a release Thursday that the bikes’ seat posts can…
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If you sat out last summer’s overcrowded, overpriced, booked-solid travel season in hope of cheaper and easier getaways this year, you may be out of luck. Sixty-three percent of U.S. adults plan to travel this…
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Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced. According to a Thursday release by the Consumer Product Safety Commission, the bikes’ seat post can…
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Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about integration amid Showtime’s rebranding into Paramount+ With Showtime. Additionally, MTV News — which…
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It’s time to step to the sidelines on Anheuser-Busch InBev as it deals with a “Bud Light crisis,” according to HSBC. Analyst Carlos Laboy downgraded the beverage stock to hold, saying there are “deeper problems than ABI…