Shareholder lawsuit against Elon Musk for lowering stock value heads to jury.
Closing Arguments in Musk-Twitter Lawsuit The closing arguments wrapped up on Tuesday in the legal battle involving Elon Musk and Twitter shareholders. They accuse Musk of misleading investors while trying to exit a $44 billion acquisition deal for the platform back in 2022. This civil case in San Francisco revolves around a class-action lawsuit initiated […]
Senior Disney executive feels unhappy about reporting to Dana Walden, according to sources.
Disney’s Executive Shuffle Creates Tension It seems Disney might not be the happiest place on earth for everyone, especially for one of its key executives. Reports indicate that Alan Bergman, chairman of Disney Entertainment, feels “miserable” after learning he will now report to Dana Walden, the newly appointed president and chief creative officer of Disney. […]
Brooklyn BBQ eatery takes a stand against high delivery app fees
Many restaurant owners are frustrated with the high commission fees charged by delivery services like DoorDash, Grubhub, and Uber Eats, which can reach up to 30%. However, a well-known establishment in New York City is taking a stand against this trend. Morgan’s Brooklyn Barbecue, recognized for its top-notch Texas-style dry rub grilling, encourages customers to […]
Costco pulls popular meatloaf meal kit due to Salmonella contamination concerns in 26 states
Over the weekend, Costco announced a recall for its well-liked ready-to-eat meatloaf meal kits due to potential salmonella contamination, affecting locations in at least 26 states. The product, labeled “Meatloaf with Mashed Yukon Potatoes and Glaze,” was flagged after concerns were raised by an ingredient supplier. According to the recall notice, “Griffith Foods, the raw […]
This is what Warner Bros. leader David Zaslav might earn from the Paramount agreement.
Potential Payout for Warner Bros. Discovery Chief David Zaslav, the head of Warner Bros. Discovery, might be looking at a staggering payout of up to $800 million if Paramount Skydance successfully acquires the media company, as indicated in a recent securities filing. The filing revealed late on Monday that this hefty figure encompasses severance payments […]
Disney’s entertainment leader Dana Walden announces a new top team, promoting Debra O’Connell to head of TV.
Disney’s Leadership Restructuring Ahead of New CEO As a new CEO prepares to step in, Dana Walden is working on bringing together Disney’s various media sectors—movies, TV, streaming, and gaming—under a single umbrella. Walden, who will soon take on the role of president and chief creative officer at the Walt Disney Company, unveiled a new […]
Diesel prices in the US exceed $5 per gallon, oil rises 4% amid ongoing Strait of Hormuz crisis.
Gas prices are climbing sharply across the United States, largely due to ongoing conflicts involving Iran that are affecting global energy markets. On Tuesday, crude oil prices jumped by 4%, and U.S. diesel prices have surpassed $5 a gallon, which is hitting consumers hard. Brent crude prices reached $103 a barrel after U.S. allies declined […]
Learn how to determine your eligibility
A recent court ruling may open the door for millions of Americans to receive tax refunds, as it states that taxpayers should not incur late fees during the COVID-19 pandemic. <p According to Section 7508A(d) of the Tax Code, deadlines for tax filings must be extended for both the duration of a federally declared disaster […]
Nvidia’s CEO Jensen Huang confidently forecasts that sales of AI chips will reach $1 trillion.
Nvidia’s Aggressive AI Strategy Nvidia has unveiled plans to dive deeper into the rapidly expanding AI market, predicting that the revenue potential for its AI chips could surpass $1 trillion by 2027. During the GTC developer conference in San Jose, CEO Jensen Huang introduced a new central processor along with an AI system, leveraging technology […]
Saks Global cuts 1,200 positions following its bankruptcy filing.
Saks Global, the owner of luxury retail chains like Saks Fifth Avenue and Neiman Marcus, has shut down over a dozen locations and laid off more than 1,200 employees across the U.S. following its bankruptcy filing earlier this year. The New York-based firm initiated these job cuts recently, submitting a worker adjustment and retraining letter […]