Major Tesla investor dumps a big chunk of shares
A major shareholder in Tesla has become bearish about the company. Scottish fund manager Baillie Gifford & Co. sold 11.1 million shares of Tesla…
Continue ReadingA major shareholder in Tesla has become bearish about the company. Scottish fund manager Baillie Gifford & Co. sold 11.1 million shares of Tesla…
Continue ReadingSeveral top business leaders have backed President Joe Biden’s plan to raise taxes on large corporations and the wealthy and spend more on…
Continue ReadingThree dollar store chains will make up almost half of all the new stores opening up in the United States this year, a reflection of the dollar store…
Continue ReadingNews of the Bill and Melinda Gates’ divorce ricocheted around the world this week, raising a number of questions: What, why? What about the…
Continue ReadingA bubble could be brewing in steel stocks. The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut…
Continue ReadingDavid Swensen, the long-time chief investment officer at Yale University and a legend in the world of college endowments, died Wednesday at the age…
Continue ReadingLast year, when Applebee’s sales took a hit in the pandemic, the chain slimmed down its menu. Now its sales are recovering, but…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In a pair of new…
Continue ReadingThe pandemic has been a tough time to be in the business of shuttling people from Point A to Point B. For months, government rules and fears about…
Continue ReadingThree dollar store chains will make up almost half of all the new stores opening up in the United States this year, a reflection of the dollar store…
Continue ReadingEarlier this week, Eleven Madison Park’s chef and owner Daniel Humm made an unexpected announcement: When the famed New York City restaurant…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In a pair of new…
Continue ReadingRio Tinto shareholders have rebelled over payouts to former CEO Jean-Sébastien Jacques and other executives who quit last year after the company…
Continue ReadingBitcoin may be the king of cryptocurrencies, but it’s facing an environmental backlash over the energy-intensive technology underpinning it. A…
Continue ReadingSome of Tucker Carlson’s colleagues at Fox News are objecting to his reckless anti-vaccination rhetoric. They are speaking out in small ways on…
Continue ReadingAs the pandemic crushed the US economy last spring, sawmills shut down lumber production to brace for a housing slump. The slump never arrived and…
Continue ReadingSerial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art.…
Continue ReadingThe latest plea for a break-up of Tribune Publishing’s newspapers is coming from inside the pages of a Tribune publication. In…
Continue ReadingProminent Republicans and right-wing media organizations on Wednesday cited a decision to affirm Facebook’s suspension of former President…
Continue ReadingThe New York Times has a new statistic about its reach: The site has more than 100 million registered users. The number of users implies that at…
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