Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Microsoft ended Friday’s U.S. trading session as the most valuable publicly traded company, surpassing Apple after briefly topping the iPhone maker during intraday trading Thursday. Shares of Microsoft climbed more than 3% for the week, bringing the company’s market cap to $2.89 trillion, while … Read more
Former U.S. President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York City, U.S., January 11, 2024. Shannon Stapleton | Reuters A New York judge on Friday ordered Donald Trump to pay The New York Times and three … Read more
Image: Polestar There has been a lot of doom and gloom about EV adoption slowing down in the U.S. market lately. Sure, the electric segment hasn’t exploded here like it has in other countries, but just under 1.2 million new EVs were sold in 2023, and that’s nothing to sneeze at. A record 7.6 percent … Read more
An Embraer E175LR passengers aircraft of American Eagles airlines (C) taxxing before take-off to Pittsburg is seen at La Guardia Airport on January 9, 2024. Charly Triballeau | Afp | Getty Images Airlines canceled about 2,000 U.S. flights Friday as they grapple with winter weather and the grounding of Boeing 737 Max 9 planes. Storms … Read more
A Sydney mother trying to re-enter the workforce is “shocked and offended” after a prospective employer declined to hire her due to her age. Maria Nielson applied for a job at a barbershop and made it through to interview stage when she was told the staff member whose job was being advertised had decided to … Read more
An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images Several of the world’s major tanker companies on Friday halted traffic toward the Red Sea after U.S. and British airstrikes on Iran-allied Houthi militants in Yemen. Hafnia, Torm and … Read more
Pawan Passi, former equities executive at Morgan Stanley, arrives at court in New York, US, on Friday, Jan. 12, 2024. Alex Kent | Bloomberg | Getty Images Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities and Exchange Commission probe of the unauthorized disclosure … Read more
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit. Momentus Space company Momentus warned shareholders in a securities filing on Friday that the company is running out of money and does not have a financial lifeline. Momentus, once valued at more than $1 billion before going public via a special … Read more
A Delta Airlines Boeing 737-700 seen lining up before departure at Princess Juliana airport. Fabrizio Gandolfo | Lightrocket | Getty Images Delta Air Lines shares slipped about 7% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 … Read more
A plastic sheet covers an area of the fuselage of the Alaska Airlines N704AL Boeing 737 MAX 9 aircraft outside a hangar at Portland International Airport on January 8, 2024 in Portland, Oregon. Mathieu Lewis-rolland | Getty Images The Federal Aviation Administration on Friday said it will audit Boeing‘s production line, a week after a … Read more
