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Jeff Bezos makes a big move after three decades in Seattle

Jeff Bezos is leaving Seattle, where the billionaire founded Amazon out of a garage nearly three decades ago. In a Thursday night Instagram post, the 59-year-old Bezos announced plans to return to Miami — where he spent his high school years — to be closer to his parents and his… Read More

November 3, 2023

Uber and Lyft will pay $328 million to settle wage theft claims

Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Thursday. James said the settlements resolve investigations into the companies improperly charging drivers sales taxes and other fees when the costs should have been paid by… Read More

November 2, 2023

DoorDash orders surge 24% in one year, an unexpected rise

DoorDash powered past sales and earnings expectations in the third quarter, saying a growing mix of stores and faster service is drawing customers in the U.S. and abroad. The San Francisco delivery company said Wednesday its total orders grew 24% to 543 million in the July-September period compared to the… Read More

November 2, 2023

Southwest Airlines considers big change at DFW airport

Southwest Airlines says it is interested in operating flights at Dallas-Fort Worth International Airport, the massive airfield that it rejected a half-century ago, when it was a tiny carrier with just a few planes. Southwest officials said Wednesday they have approached DFW representatives about getting gates in a proposed new… Read More

November 2, 2023

Disney makes $8.6 billion bid for total control of Hulu

Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion, a deal that will give Disney undisputed control of the streaming service. Disney has actually run Hulu since 2019, when Comcast ceded its authority to Disney and effectively became a silent partner…. Read More

November 2, 2023

Fox News stars get very, very good news Wednesday

The new lineup at Fox News’ primetime got some very good news on Wednesday: Their ratings dominance continues over the rest of the cable news world. Despite a huge shakeup earlier this year with the sudden departure of then-number one cable news host Tucker Carlson, Fox News remains dominate in… Read More

November 1, 2023

GM reaches tentative agreement with union, potentially ending 6-week strike

General Motors and the United Auto Workers union have reached a tentative contract agreement that could end a six-week-old strike against Detroit automakers, two people briefed on the deal said Monday. The agreement follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend Check your… Read More

October 30, 2023

Wall Street recovers some losses Monday after falling 10% below its summertime high

Wall Street is clawing back some of its sharp recent losses Monday, ahead of a week that could send more big swings through financial markets. The S&P 500 was 1% higher in its first trading after dropping more than 10% below its high point for the year. The Dow Jones… Read More

October 30, 2023

Rite Aid, Risk, and the Great American Shell Game

By Addison Wiggin ”Games are all about taking risks.”— James Altucher   In 2013, we took a film crew to Greenwich, Connecticut. At the time, the stock market and economy had “recovered” from the Panic of ‘08, and we were making a film about “risk!”. We wanted to know how… Read More

October 28, 2023

Cruise, GM’s robotaxi service, suspends all driverless operations nationwide

Cruise, the autonomous vehicle unit owned by General Motors, is suspending driverless operations nationwide days after regulators in California found that its driverless cars posed a danger to public safety. The California Department of Motor Vehicles revoked the license for Cruise, which recently began transporting passengers throughout San Francisco, this… Read More

October 27, 2023
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