Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record $44.9 billion pay package, which a Delaware judge had thrown out earlier this year. The vote shows strong confidence in Musk’s leadership of the world’s largest electric vehicle maker. However, the favorable vote doesn’t necessarily mean Musk will get… Read More

Massachusetts’ highest court has tossed out a challenge to a proposed ballot question that would raise the minimum wage businesses must pay to workers who rely on tips and permit tip pooling among both tipped and nontipped employees. The Supreme Judicial Court ruled Thursday that the state attorney general had… Read More

Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year. The rate fell to 6.95% from 6.99% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate… Read More

The social media platform X, which used to be called Twitter, is now hiding your likes from other users. In an update posted on the platform earlier this week, X’s engineering team said they would be “making Likes private for everyone to better protect your privacy.” This means that users… Read More

On Wednesday, Florida Gov. Ron DeSantis spent over an hour discussing the details of the $116.5 billion state budget he signed into law. However, he left out the most important part: the nearly $1 billion in spending he vetoed. The new budget is slightly smaller than the current one. It… Read More

Federal Reserve officials announced on Wednesday that inflation has continued to move closer to their target level in recent months, but they now expect to cut their benchmark interest rate just once this year, down from a previous forecast of three cuts. This change in expectations is likely due to… Read More

Inflation in the United States has eased for the second consecutive month in May, offering hope that the acceleration of prices that occurred earlier this year may have passed. This trend, if it continues, could bring the Federal Reserve closer to cutting its benchmark interest rate from its 23-year high…. Read More

Apple Inc. is set to introduce several new features to Apple Pay and Apple Wallet later this year, as part of the company’s annual iOS update arriving in the fall. These features will further integrate financing, rewards, and buy now, pay later options into the iPhone, making it easier for… Read More

Elliott Investment Management, an activist shareholder, has acquired a $1.9 billion stake in Southwest Airlines and is pushing for the removal of the airline’s CEO, Robert Jordan. The company has been struggling with operational and financial issues, which has led to a more than 50% drop in its stock price… Read More