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Business News

Elon Musk says Steve Jobs biographer is writing a book about him

Elon Musk says he’s getting a new biography. The Tesla and SpaceX CEO tweeted Wednesday that the biographer Walter Isaacson will pen the book. He didn’t say when the book will be released. “If you’re curious about Tesla, SpaceX & my general goings on, @WalterIsaacson is writing a biography,” Musk said on Twitter. Isaacson, a…

Delhi leaders order judicial inquiry into alleged rape and murder of 9-year-old girl

Delhi’s chief minister has ordered a judicial inquiry into the alleged rape and murder of a 9-year-old girl in the Indian capital, as protests continue for a fifth day. Since Sunday, crowds have taken to the streets to demand action taken against the alleged perpetrators — as well as broader change to address India’s high…

Bill Gates says he regrets the time spent with Jeffrey Epstein: ‘It was a huge mistake’

Microsoft founder Bill Gates regrets his gatherings with Jeffrey Epstein, the wealthy financial manager who was accused of child sex trafficking, he told CNN Wednesday. “It was a huge mistake to spend time with him, to give him the credibility of being there,” Gates said. Speaking with CNN’s Anderson Cooper Wednesday, Gates said he only…

Pro-fossil fuel Facebook ads were viewed 431 million times — in one year

Big Oil is strategically using Facebook to blitz Americans with a steady stream of messages designed to delay the extinction of fossil fuel use, according to new research. Pro-fossil fuel ads were viewed more than 431 million times on Facebook’s US platforms in 2020 alone, a report released Thursday by InfluenceMap found. Despite that vast…

Major US bank delays its return to the office due to the Delta variant

US Bank told employees Wednesday they will no longer be due back in the office early next month because of surging Covid-19 cases. “There are increased caseloads across the globe, and the Delta variant has caused us to adjust our plans,” Andy Cecere, the company’s CEO, wrote in an email to employees. Jeff Shelman, a…

Renters are rejoicing now that eviction ban has been extended. What you need to know

This weekend, after the almost year-long ban on evictions expired, Ronald Leonard was terrified of being thrown out of his Daytona Beach, Florida, rental home. But then, on Tuesday evening, he heard the eviction moratorium had been extended again. “I’m the happiest guy in the world,” said Leonard. Like millions of other renters at risk…

New York Auto Show canceled again due to Covid

The New York International Auto Show, which had been scheduled to open to the public in just two weeks, has been canceled due to concerns about the Covid-19 Delta variant and the steps being taken to prevent it. The show was first canceled in the spring of 2020 due to the coronavirus pandemic, and this…

Disney’s Star Wars hotel comes with an out-of-this-world price tag

Disney revealed pricing for its new, highly anticipated Star Wars hotel on Wednesday — and the cost to immerse yourself in a galaxy far, far away for a few days will not come cheap. The Disney World-based hotel Galactic Starcruiser is essentially a cruise ship set in space, with the pricing to match. The company…

It’ll be tough for restaurants to card for vaccines. But they’re happy to do it

One of the world’s biggest food capitals just made a bold move when it comes to vaccine mandates -— and it’s one that some restaurant owners say they can get behind, even though it may result in fewer customers. On Tuesday, New York City Mayor Bill de Blasio announced a new rule: Starting later this…

NBC’s Summer Olympics ratings are in free-fall

After pandemic-fueled delays last year, the Tokyo Olympics have gotten a lot of attention around this summer. Unfortunately for NBC, that attention has not translated to viewership. NBC’s TV audience for the summer Olympics is down a whopping 45% from the Rio games in 2016. Viewership in prime-time is even worse, down 51%. The good…

Rihanna is now officially a billionaire

Robyn “Rihanna” Fenty is officially a billionaire, according to Forbes. The business magazine, which tracks and publishes data on the world’s wealthiest individuals, on Wednesday reported the 33-year-old pop star’s estimated net worth to be $1.7 billion, making her the wealthiest female musician and the second-richest woman in entertainment behind Oprah Winfrey. It’s been five…

The small business masking dilemma: ‘You feel like you’re the police’

Masks on. Masks off. Masks on … again. New federal guidance last week urged everyone — regardless of vaccination status — to mask up in areas with substantial or high Covid transmission whenever they’re in an indoor public setting. In the absence of legal rules issued by local authorities — like the kind New York…

Meet the new meme stock: Robinhood soars 82%

Robinhood cashed in on the meme stock craze. Now Robinhood itself is turning into the next plaything for the retail trading crowd. Shares of Robinhood spiked as much as 82% early Wednesday — even though the controversial trading company, which debuted on Wall Street just last week, announced no new developments. Robinhood rallied so much…

GM misses earnings expectations but boosts outlook

General Motors’ earnings fell short of Wall Street forecasts — but the company expects better results in the second half of the year, even with continued chip shortages and rising raw material costs. GM, the nation’s largest automaker, reported Wednesday a record adjusted pre-tax profit of $4.1 billion for the second quarter. But adjusted pre-tax…

The speed of the US economic recovery has been record-breaking. It won’t last

Despite the continued optimism about the country reopening, US economic growth is already starting to slow. Yes, year-over-year comparisons to the catastrophic conditions in the spring of 2020 have been puffing up recent economic growth data. But it’s important to understand that there’s much more to the story from an economic cycle perspective. That’s our…

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