Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
Tesla short sellers have made more than $3 billion since the company’s third-quarter earnings call, according to data from Ortex.
Alphabet CEO Sundar Pichai defends Google’s search deals in antitrust trial
It was the first opportunity for the government’s attorneys to press Google’s top executive in open court on actions to secure its search dominance.
Trump gag order reinstated in Jack Smith federal election case
Trump, the frontrunner for the 2024 GOP presidential nomination, claims the gag order will put him at a disadvantage in his campaign and his legal battles.
Pentagon awards $1.3 billion in contracts to Northrop Grumman and York for 100 satellites
The Pentagon’s Space Development Agency announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.
McDonald’s, Chipotle to raise menu prices in California next year as fast-food wages rise to $20
McDonald’s CEO Chris Kempczinski said the minimum wage hike could help the burger chain gain market share in California in the long term.
Credit scores hit an all-time high even though households are falling deeper in debt
Even with credit card debt at an all-time high, the national average credit score has never been better, according to FICO.
Canadian auto union reaches deal with Stellantis after brief labor strike
Unifor and Stellantis have reached a tentative agreement Monday morning, ending a brief strike that began after a deal wasn’t reached by 11:59 p.m. Sunday.
McDonald’s revenue climbs 14% as price hikes boost U.S. sales
McDonald’s third-quarter earnings and revenue beat Wall Street’s estimates.
UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
The 4 ½-year tentative agreement will now be rolled out to 57,000 UAW-Ford members for regional informational meetings and then voting, the union said Sunday
