Hosts at NBC News' cable outlet MSNBC continued to attack the parent organization's decision to hire former Republican National Committee Chair Ronna McDaniel as an on-air analyst. The backlash unfolded throughout the day on the progressive satellite news network, which presented a highly unusual situation in which well-known television personalities went directly to viewers to challenge a decision made by their top managers. Open rebellion could make it difficult for Comcast-owned NBC News to move forward with any plans to use McDaniel, who resigned from the RNC last month. A representative told NBC News on Monday that there had been…
Author: ricardofrancois
Inflation has hit Trader Joe's affordable bananas. The Monrovia-based grocery store chain confirmed on Monday that it had raised the per-capita cost of bananas for the first time in more than two decades, from 19 cents to 23 cents, or a 21% price hike. In a statement, Trader Joe's spokeswoman Nakia Rudd said the recent price change “continues to represent a tremendous daily value for bananas.”“We only change our prices when our costs change, and after holding the price of bananas at 19 cents for more than two decades, we have now reached a point where this change is necessary,”…
Elon Musk hands over a Model Y to a customer during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022.Patrick Bliol | pool | Via ReutersTesla CEO Elon Musk is now requiring employees to install and show customers how to use the latest version of the company's premium driver assistance system, marketed as “FSD” or Full Self-Driving, before completing delivery of the vehicle in North America.“Going forward, it is mandatory in North America to install and activate FSD V12.3.1 and take customers on a short test ride before delivering the vehicle,” Musk…
The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Friday, February 16, 2024. Kosuke Okahara/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mixed on Tuesday, with the US market taking a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting.Sam Stovall, chief investment strategist at CFRA Research, noted that stocks have become expensive, with the S&P now trading at a 33% premium to the average price-to-earnings ratio over the past 20 years.“We came off the high after the FOMC meeting,” he…
A Binance executive detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the global cryptocurrency exchange.Nigeria's Federal Inland Revenue Service (FIRS) announced on Monday that four new charges of tax evasion have been filed at the Federal High Court in Abuja, according to multiple local media reports.Binance is reportedly facing accusations of not paying value-added tax (VAT) and corporate income tax, not filing tax returns, and colluding in helping customers evade taxes through its platform.Along with the company, two senior executives – US citizen Tigran Gambaryan and British-Kenyan Nadeem Angarwala – were…
WeWork's Adam Neumann and Victor Fung Kwok Keng, right, Chairman of Fung Group, attend a signing ceremony at WeWork's Weihai Road location on April 12, 2018 in Shanghai, China.jackal ban | China Optical Group | Getty ImagesAdam Neumann made an unsolicited offer of more than $500 million for the buyout Wework From bankruptcy, a person familiar with the matter told CNBC.This offer could be worth as much as $900 million, pending due diligence, this person said.Newman's financing was not immediately clear, though people familiar with the matter told CNBC that Dan Loeb's Third Point was not involved in the bid.…
Former US President Donald Trump speaks from the hallway outside the courtroom where he attended a hearing in his criminal case on charges stemming from hush money payments to a porn star in New York City, US, March 25, 2024. Brendan McDiarmid | ReutersThe court ruling that lowered Donald Trump's civil appeals bond was a financial win for the former president. But the campaign of his rival, President Joe Biden, found a way to capitalize on the news.“Donald Trump is weak and desperate, both as a man and as a candidate for president,” the Biden campaign said in a scathing…
Bankrupt electric vehicle brand Arrival has sold some of its assets, including advanced manufacturing equipment, to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which has been described as a cost-saving measure that will reduce capital expenditure by 20%, comes as Canoo struggles to move beyond prototyping towards commercial production. Cano said the purchased assets, packed into more than 20 container ships, will be sent to the company's facility in Oklahoma. The company previously acquired all new and “near-new” assets owned by Arrival's US business unit. It is not clear whether Canoo has also acquired…
Tesla CEO Elon MuskOmar Marquez | Getty ImagesA federal judge in California dismissed a lawsuit filed by Elon Musk's X against the nonprofit Center for Countering Digital Hate, writing in a ruling Monday that “the issue is about punishing defendants for their speech.”X filed a lawsuit against the research group in July, accusing it of carrying out a “scare campaign” to drive away advertisers. The company also accused CCDH of improperly accessing data from the platform and selectively selecting posts to “falsely claim” that X is “full of harmful content.”The lawsuit followed studies published by CCDH in which the British…
A federal judge on Monday dismissed a lawsuit brought by the company formerly known as Twitter, which sued a hate speech monitoring group that it blamed for losing millions of dollars in advertising.U.S. District Judge Charles Breyer ruled that the lawsuit was intended to punish the Center for Countering Digital Hate for its criticism of X, and thus violated California's ban on lawsuits designed to suppress free speech. Following his acquisition of Twitter in October 2022, Elon Musk welcomed back several users who had been suspended for sending tweets that violated its terms of service, and reduced the number of…