Elon Musk says a global recession could last until the spring of 2024
Tesla founder Elon Musk thinks the global economic contraction can last for another year and a half.
Telsey downgrades Under Armour, says it will continue to struggle with excess inventory
Greater supply chain issues have meant deeper promotions from sporting goods brands.
Bernstein downgrades Snap, says it’s unclear what’s next for the social media stock after latest earnings
The firm lowered its rating after Snap reported poor third-quarter revenue results and softer user engagement numbers.
Vista’s Robert Smith says investing in DEI businesses vitally important in a bear market
The billionaire investor said the allocation of capital toward diverse businesses “needs to be more sustainable.”
GM’s new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer
The GMC Sierra EV Denali Edition 1 comes with much of the same technology offered on the wild Hummer EV in a more traditional pickup package.
Snap plunges more than 25% on third-quarter revenue miss
Snap reported disappointing revenue figures on Thursday, after the company put in place cost-cutting measures to boost profit.
Kevin Spacey found not liable in sex abuse suit brought by Anthony Rapp
Spacey flatly denied Rapp’s allegations, saying under oath that “they are not true.” His lawyers argued that Rapp “created a story” in large part because he was jealous of their client’s success in the entertainment industry.
Cryptocurrency service provider agrees to return $17 million to digital lender Celsius as it reorganizes in bankruptcy
Prime Trust agreed at a hearing at the U.S. Bankruptcy Court for the Southern District of New York on Thursday to return the money to settle a lawsuit.
Apple has another iPhone update coming on Monday. Here’s what’s new
Apple will release iOS 16.1 on Monday, which will add new features to iPhone models 8 or newer. Here’s what’s coming.
CDC group endorses adding Covid shots to recommended vaccine schedule
The unanimous recommendation to add the vaccine to the annual schedule does not mandate the shots or preclude unvaccinated kids from attending school.
