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Apple CEO pay rises 18%; company opposes anti-diversity measure

Cook’s pay was made up of a $3 million base salary, $58.1 million in stock awards, and roughly $13.5 million in additional compensation.

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Fortune

Bloomberg

Fire agencies to probe possible Edison link to LA Hurst fire

A downed conductor was discovered at a tower associated with the Eagle Rock Sylmar 220 kV circuit, the company said in a regulator filing Friday.

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Fortune

Bloomberg

Musk says Neuralink implanted third patient with brain device

The company currently has two US studies for its devices registered with the Food and Drug Administration.

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Fortune

Bloomberg

BlackRock leaves major climate group amid Wall Street exodus

BlackRock, which oversees more than $11 trillion, has been the subject of attacks from GOP lawmakers for embracing what conservatives call “woke”...

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Fortune

Bloomberg

California bans insurance cancellation in LA fire-affected areas

Insurers are set to face a bill that could top $20 billion.

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Bloomberg

JPMorgan tells staff to return to the office five days a week

“We know that some of you prefer a hybrid schedule and respectfully understand that not everyone will agree with this decision."

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Fortune

Bloomberg

FTC’s Khan urges agency to ‘stay aggressive’ after she goes

A progressive icon, Khan became the youngest person ever to chair the FTC at age 32 after an article she wrote about how to rein in Amazon. 

yesterday 4

Fortune

Bloomberg

Exxon predicts $700 million hit to profit from lower oil prices

The company faces “significant headwinds” at its refining division.

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Fortune

Bloomberg

GSK, Pfizer RSV shots must warn about rare paralysis risk

An analysis found nine excess cases of Guillain-Barré for every million doses given.

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Fortune

Bloomberg

Musk-Trump relationship good for all carmakers, Hyundai CEO says

“I don’t see that as a concern, honestly."

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Fortune

Bloomberg

CEO of Panera parent company departs after less than 2 years

He was appointed in May 2023 as Panera prepared for an initial public offering. That offering hasn’t materialized.

wednesday 10

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Bloomberg

Toyota takes aim at SpaceX with investment in rocket startup

As the US launches more than 100 rockets every year, and China several dozen, Japan’s successful space voyages are still in the single digits.

07.01.2025 3

Fortune

Bloomberg

Trump says he’d use ‘economic force’ to make Canada 51st state

Trump said the US doesn’t need “anything” that Canada produces.  

07.01.2025 3

Fortune

Bloomberg

Berkshire-owned lender sued by CFPB over ‘unaffordable’ loans

Vanderbilt Mortgage & Finance Inc. is accused of knowingly issuing “unaffordable” home mortgages.

06.01.2025 1

Fortune

Bloomberg

Germany’s EV sales crash as buyers abandon electric cars in droves

Tesla's market share also dropped to 1.3 percent from 2.2 percent, as the US electric vehicle maker shifted only 38,000 units in Germany.

06.01.2025 2

Fortune

Bloomberg

Elon Musk’s PAC helped Republicans get a majority in Congress

A political action committee controlled by the world’s richest man spent $19.2 million in the final six weeks of the 2024 election to back...

06.01.2025 2

Fortune

Bloomberg

Elon Musk turns on UK populist Farage after attacking Labour

It’s an abrupt about-face by Musk, who just days ago said “only” Farage’s Reform UK can “save” Britain while calling for fresh elections...

05.01.2025 3

Fortune

Bloomberg

United Air to offer Musk’s Starlink Wi-Fi in US later this year

Only members of United's loyalty program will get the service free, a departure from the airline’s original plans to offer it to all passengers...

05.01.2025 40

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Bloomberg

UK criticizes ‘disgraceful’ Musk posts in escalating spat

Musk has made a string of vitriolic posts on his social media platform X about a British child sex abuse scandal in recent days.

05.01.2025 2

Fortune

Bloomberg

NYC congestion pricing set to take effect after years of delays

Drivers entering parts of Manhattan will be charged $9 during peak hours in a program that aims to reduce the worst traffic in the world.

05.01.2025 2

Fortune

Bloomberg

Biden to ban new oil drilling over vast stretch of US Atlantic, Pacific waters

Biden is keeping the door open for new oil and natural gas leasing in the central and western portions of the Gulf of Mexico that have been drilled...

04.01.2025 2

Fortune

Bloomberg

Musk is a majority-maker, and he won’t let Congress forget it

Musk's political action committee spent $19.2 million in the final six weeks of the 2024 election to back Republicans in too-close-to-call races...

04.01.2025 2

Fortune

Bloomberg

Microsoft president says AI is ‘the electricity of our age’ as company prepares to hit $80 billion spend

Microsoft is on pace to invest about $80 billion this year to build out AI datacenters, train AI models and deploy cloud-based applications around...

04.01.2025 3

Fortune

Bloomberg

China to subsidize smartphone purchases in bid to lift spending

China is expanding a national trade-in program, which applies to cars and home appliances, to include phones and tablets.

03.01.2025 2

Fortune

Bloomberg

Biden says Jimmy Carter to receive state funeral in Washington

The US stock market has traditionally closed on the day of presidential funerals. No announcement has been made as of yet by exchange overseers.

30.12.2024 8

Fortune

Bloomberg

AT&T says its network is now clear after Salt Typhoon hack

The hackers attempted to gain information about foreign intelligence, AT&T said Saturday in a statement.

29.12.2024 9

Fortune

Bloomberg

Banks want in on Tether’s billions in stablecoin profits

Tether is on track to close the year with more than $10 billion in net profits, according to CEO Paolo Ardoino.

29.12.2024 10

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Bloomberg

China’s finance, property firm workforces shrink for first time

China's gloomy job market has been one of the key reasons stopping people from spending more.

26.12.2024 5

Fortune

Bloomberg

American Air says holiday delays caused by vendor tech glitch

The carrier said Tuesday that a network hardware-related issue has been resolved and flights have resumed.

25.12.2024 1

Fortune

Bloomberg

Dire situation in China is one reason for Honda, Nissan merger

“When you look at Honda and Nissan, they’ve been losing the market for some time.”

23.12.2024 3

Fortune

Bloomberg

Trump says talk that he’s ceded presidency to Musk is a ‘hoax’

"But no, he’s not going to be president, that I can tell you. And I’m safe. You know why? He can’t be. He wasn’t born in this country."

23.12.2024 6

Fortune

Bloomberg

‘God Bless America’ fund beats political rivals with 33% gain

The fund’s biggest holding is Tesla Inc., run by Elon Musk, who backed Trump’s election bid. 

22.12.2024 5

Fortune

Bloomberg

Amazon NYC warehouse targeted by Teamsters as strike expands

Workers at one of Amazon’s air cargo hubs, in San Bernadino, California, were also joining the strike as of Saturday afternoon.

22.12.2024 7

Fortune

Bloomberg

Trump’s daughter-in-law says she won’t seek US Senate seat

The president-elect said this week he didn’t expect DeSantis to appoint Lara Trump to the Senate.

22.12.2024 3

Fortune

Bloomberg

CFPB sues JPMorgan, Bank of America over alleged Zelle fraud

"Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves," the CFPB said.

21.12.2024 6

Fortune

Bloomberg

Party City to wind down operations, fire employees, CEO says

Should the company follow through with its plan to file bankruptcy, it would be the second time in less than two years that Party City has sought...

21.12.2024 20

Fortune

Bloomberg

Fraud case tied to $100 million NJ deli ends in guilty pleas

“Your Hometown Deli” became infamous when it was highlighted on Wall Street as an example of irrational exuberance in the market.

20.12.2024 1

Fortune

Bloomberg

Nike’s new CEO says turnaround efforts may hurt in short term

Chief Financial Officer Matt Friend said that revenue in the company’s current quarter is expected to decline in the low double digits.

20.12.2024 6

Fortune

Bloomberg

Barclays annual bonuses expected to increase as much as 20%

Across Wall Street, expectations are rising for a decent year for bonuses, particularly in capital markets-related jobs.

18.12.2024 3

Fortune

Bloomberg

Texas economy will top France’s thanks to Trump, Abbott says

Moody’s Ratings just cut France's credit grade, while private-sector business activity shrank for a fourth month. 

16.12.2024 2

Fortune

Bloomberg

China’s ‘lower for longer’ pledge has sent bonds into unknown

Investors are now confronting the risk of what once seemed unthinkable: China’s 10-year bond yields sinking below those of Japan.

13.12.2024 3

Fortune

Bloomberg

China vows bigger fiscal spending to boost consumption next year

Top officials vowed to raise the fiscal deficit target next year following a two-day huddle of the Central Economic Work Conference in Beijing.

13.12.2024 6

Fortune

Bloomberg

Starbucks gives baristas smaller pay raises after tough year

Pay increases will generally range from 2% to 3% depending on seniority. Last year, 3% was the minimum.

13.12.2024 9

Fortune

Bloomberg

BuzzFeed sells brand behind ‘Hot Ones’ to Soros fund affiliate for $82.5 million

The buyers include an affiliate of Soros Fund Management, progressive podcast company Crooked Media and Mythical Entertainment.

12.12.2024 3

Fortune

Bloomberg

Trump advisers consider raising SALT write-off limit to $20,000

No decision has been made about whether to propose to apply the $20,000 limit to all taxpayers, or to just expand it for joint filers.

12.12.2024 10

Fortune

Bloomberg

Meta donates $1 million to Donald Trump’s inaugural fund

While small, the donation is not something Meta did for President Joe Biden or Trump’s 2016 inauguration.

12.12.2024 4

Fortune

Bloomberg

Klarna stopped all hiring a year ago to replace workers with AI

The buy now, pay later finance provider has seen headcount fall 22% to 3,500, mostly due to attrition.

12.12.2024 2

Fortune

Bloomberg

China’s Instagram-style Xiaohongshu crosses $1 billion in profit

Started in 2013 as a shopping guide for Chinese tourists, Xiaohongshu now counts some 300 million monthly active users.

12.12.2024 3

Fortune

Bloomberg

Elon Musk’s net worth tops $400 billion, a historic first

The most recent catalyst was an insider share sale of his privately held SpaceX, which boosted Musk’s net worth by roughly $50 billion in one...

11.12.2024 2

Fortune

Bloomberg

Apple’s next ultra smartwatch will be able to send texts via satellite

The technology would extend one of Apple’s biggest efforts under Chief Executive Officer Tim Cook: bolstering the health and safety features of...

11.12.2024 8

Fortune

Bloomberg

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