Tesla shares close down 5% after price cuts, Model 3 refresh
Tesla shares dropped Friday after the company cut prices on cars in the U.S.
Amazon loses One Medical CEO a year after acquiring primary care provider
Amazon announced in July 2022 that it would acquire One Medical for roughly $3.9 billion, the third-largest deal in its history.
Stocks will try to keep momentum, but September seasonality and other headwinds await
Wall Street will contend with a seasonally weak period for markets ahead of the Federal Reserve’s September rate decision.
Proud Boy who smashed Capitol window with police shield sentenced to 10 years
Dominic Pezzola was the only defendant in the Proud Boys trial who was not found guilty of the top charge of seditious conspiracy.
Biden kept a Ford EV battery plant from going overseas. But not everyone is happy about it.
Ford was considering sites outside the U.S. but was lured to Michigan in part because of new federal tax credits that were part of the Inflation Reduction Act.
Bezos snubbed Musk’s SpaceX for huge satellite launch contract, Amazon shareholder says
An Amazon shareholder lawsuit alleges the company snubbed SpaceX for satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk.
Ron Insana cautions against falling for the latest version of the BRICs
The attempt to market BRICs as a global investment play has been an abject failure, Ron Insana says.
White House asks for additional $4 billion for FEMA after Hurricane Idalia, Maui fires
The White House is requesting an additional $4 billion from Congress to bolster funding for FEMA following the Maui wildfires and Hurricane Idalia.
Meta’s WhatsApp is chasing big businesses in effort to finally capitalize on app’s popularity
As Meta tries to justify the $19 billion it paid for WhatsApp almost a decade ago, business messaging is the key.
Florida’s insurance industry is in flux as Idalia cleanup begins
Homeowners face uncertainty amid the upheaval that has emerged in Florida’s insurance industry in recent years.
