Bob Iger says Disney hiring freeze to remain, talks Apple rumors
Disney CEO Bob Iger told employees Monday that he won’t lift the company’s hiring freeze as he examines costs — and sought to throw cold...
Central bank could cut rates in 2024
New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the US central bank will need to raise interest rates...
iPhone shortages hitting holiday shoppers during China protests
Many holiday shoppers looking to snap up the latest Apple iPhone will have to wait until next year because of shortages caused by violent protests...
Elon Musk’s view of this investing strategy: ‘ESG is the devil’
Elon Musk evidently has a diabolical view of environmental, social and corporate governance – more commonly referred to as “ESG.” His comments came in response to a...
Ikea plans to cut prices despite high inflation
Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager told Reuters on Monday, a reversal from...
‘Natural’ baby company recalls 10,000 sippy cups over lead contamination
The “all-natural” baby product company Green Sprouts is recalling 10,500 of its signature sippy cups after finding lead in them. The cups, commonly sold in...
Tesla reportedly to revamp Model 3 with project ‘Highland’
Elon Musk’s Tesla is developing a revamped version of its Model 3, according to four people with knowledge of the effort, as the top EV maker...
Miami nightclub owners mourn loss of ‘crypto nerds’ after FTX collapse
Nerdy crypto entrepreneurs who spent big at Miami nightclubs, showering patrons with cash as they ordered “bathtubs of champagne” and sang with rappers like 50...
BlockFi files for bankruptcy as FTX contagion spreads
Prominent cryptocurrency lending platform BlockFi filed for bankruptcy on Monday as the contagion effect from FTX’s collapse spreads through the sector, company officials said. The...
Bahamas shreds FTX CEO John Ray: ‘extremely regrettable’ accusations
A top government official in the Bahamas slammed new FTX CEO John Ray III for his “extremely regrettable” claims in the heated bankruptcy battle over...