LITTLE ROCK, Ark. — Arkansas sued YouTube and parent company Alphabet on Monday, saying the video-sharing platform is made deliberately addictive and fueling a mental health crisis among youth in the state. Attorney General Tim Griffin’s office filed the lawsuit in state court, accusing them of violating the state’s deceptive trade practices and public nuisance … Read more
The demise of Australian fashion retailer Mosaic Brands may have been because its various brands were targeting the same customers, a retail expert says. Mosaic announced on Monday that its Rockmans, Crossroads, Autograph, W. Lane and BeMe brands were marked for the chopping block and that all stores and websites would be shut down. Rockmans, … Read more
Good morning! It’s Monday, September 30, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Paulina Porizkova Had Two Toyota 4Runners Stolen Back-to-Back 1st Gear: Chinese Car Ban Could Cut Car Sales And … Read more
Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact … Read more
A bell during the listing ceremony of Ola Electric Mobility at the National Stock Exchange in Mumbai, India, on Friday, Aug. 9, 2024. Bloomberg | Bloomberg | Getty Images Food delivery platforms, jewelry companies — and even a electric scooter manufacturer. More consumer-centric companies are looking to capitalize on India’s booming stock market and strong … Read more
CNBC’s Jim Cramer on Monday looked back at the past three months, picking out positives in a chaotic stretch for the market. “For once, good news was actually good news and interesting,” he said. “The next time you start to feel horrible about the state of the world, remember that miracles can still happen — … Read more
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the … Read more
NEW YORK — Venue staff wore rainbow heart-shaped stickers. LGBTQ+ pride flags doubled as capes. Pink cowboy hats, a calling card for Chappell Roan fans, reached critical mass at pop-ups like Dave’s Lesbian Bar. Nearby, at a stand for the online sexual healthcare company Wisp, attendees posed in front of a glittery vulva. At New … Read more
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — The Federal Reserve’s decision to cut interest rates for the first time in more than four years is expected to eventually boost new vehicle sales, … Read more
Hamid Akhavan, EchoStar CEO, speaking on CNBC’s “Squawk on the Street” on Sept. 30, 2024. CNBC EchoStar is selling its Dish TV provider and digital business Sling to rival provider DirecTV in a deal announced Monday that brings together two of the largest pay-TV providers and sent EchoStar shares plunging 10%. DirecTV agreed to pay … Read more
