Printable View
So Musk now thinks he's a stand-up comic? Hey, Elon, don't quit your day job!
Elon Musk jokes about Tesla and Twitter becoming 'Twizzler' and says he likes 'a little nonsense'
Musk filed a counter lawsuit against Twitter after the platform sued him for walking away from a $44 billion deal.
https://www.businessinsider.com/elon...onsense-2022-7
The United States' unemployment rate was 3.5% in February 2020 – and then the COVID-19 pandemic hit. In April, 20,500,000 Americans lost their jobs and the unemployment rate reached 14.7%, the highest since the Great Depression of 1929-39. In July 2022, the number of jobs in the US hit an all-time high and the unemployment rate is once again at 3.5%.
The US has now regained all the jobs it lost in the coronavirus pandemic
The rebound took 29 months, nearly three times faster than the recovery from the Great Recession.
https://www.businessinsider.com/jobs...ecovery-2022-8
"The wheels on the SUV go round and round, round and round.......hey, where'd they go?!?" Here is an update to the story I posted on June 24:
Toyota is offering to buy back an electric SUV because its wheels could fall off
https://www.cnn.com/2022/08/08/busin...ack/index.html
Chipotle will have to sell a lot of sofritas, quesadillas, burrito bowls and margaritas to recoup this $20 million. Shares of Chipotle closed today at 1,658.29, a gain of 19.20 (1.17%).
Chipotle to pay workers $20 million for violating labor laws
Under the agreement, any hourly New York City Chipotle worker is eligible to receive $50 for each week worked between November 26, 2017, and April 30, 2022.
https://www.nbcnews.com/business/bus...laws-rcna42500
The Postal Service's finances are gradually improving. The USPS lost $1.3 billion in the first quarter of fiscal year 2022, $639 million in quarter 2 and $459 million in quarter 3. Much of the loss in quarter 3 was due to the rising cost of gasoline and diesel fuel.
US Postal Service raising rates for the holidays
CNN, Aug 11 2022 2:14 PM ET
For the third year in a row, the United States Postal Service is hiking the prices of its delivery services – but just for a few months. The Postal Service is requesting a temporary price increase on a variety of mail services for the peak holiday season to offset rising delivery. The price increases, which will range from 25 cents to upwards of $6 per package, would go into effect October 2, 2022 and last through January 22, 2023 on Priority Mail, Priority Mail Express and First-Class Package Service.
https://www.cnn.com/2022/08/11/busin...ase/index.html
Brothers Robert, James and Edward Johnson founded Johnson & Johnson in 1886. The company initially sold absorbent cotton, gauze, sutures and plasters. In 1894 they began manufacturing baby powder. Adults use it too. In the past decade, Johnson & Johnson has been hit with thousands of lawsuits claiming their talc-based powder contains asbestos and leads to ovarian cancer and mesothelioma. In 2020, talc was replaced with cornstarch in the US and Canada. The change will now be made worldwide. Shares of Johnson & Johnson closed today at 165.30, a drop of 1.84 (1.1%).
Johnson & Johnson to replace talc-based powder with cornstarch
https://www.bbc.com/news/business-62514263
Regal Cinemas was founded in 1989 in Knoxville and now operates more than 500 theaters in 42 states, DC, Guam, Saipan and American Samoa. British theater chain Cineworld bought Regal in December 2017. Shares of Cineworld closed today at 4.07, a drop of 5.68 (58.27%).
The world's second biggest movie theater chain is in trouble
The owner of Regal Cinemas is having a tough time – its stock crashed as much as 80% today after reports that its parent company is preparing to file for bankruptcy.
https://www.cnn.com/2022/08/19/media...ble/index.html
Juul Labs, founded in 2015 in San Francisco, manufactures e-cigarettes, which heat and atomize nicotine salts derived from tobacco. Vaping is safer than smoking – but it is still not safe. Juul is owned by private investors and does not offer publicly traded stock.
Juul to pay $438.5 million in settlement with 34 states and territories over marketing to underage people
https://www.cnn.com/2022/09/06/healt...ing/index.html
Twitter is suing Musk for attempting to end his agreement to buy the company. Judge Kathaleen McCormick will preside over the trial, scheduled for October 17-21 in the Delaware Court of Chancery.
Twitter shareholders vote in favor of Elon Musk's $44 billion takeover deal
CNN Business, Sep 13 2022 1:55 PM ET
Elon Musk may be fighting tooth-and-nail to get out of his deal to buy Twitter but the social media company's shareholders plan to hold him to it. Twitter shareholders today voted in favor of Musk's $44 billion takeover deal, a value of $54.20 per share. The company's stock opened today at just under $41 per share, nearly 25% below the deal price. The vote came days after Musk's third letter to Twitter seeking to terminate their deal.
https://www.cnn.com/2022/09/13/tech/...ote/index.html
Starting wages at Target range from $15 to $24 an hour. Shares of Target closed today at 152.96, a drop of 6.07 (3.82%).
Target plans to hire up to 100,000 workers for the holiday season this year
https://www.cbsnews.com/news/target-...-walmart-2022/
George and Jane Jetson have already expressed an interest in buying one.
Chinese firm tests electric flying taxi in Dubai
https://abcnews.go.com/International...dubai-91293457
Albertsons Companies Inc. owns 21 supermarket chains including Albertsons, Vons, Safeway, Shaw's, Tom Thumb, Jewel-Osco and Acme Markets. The Kroger Company owns Kroger, Ralphs, Dillons, Smith's, Mariano's, QFC, Fred Meyer, King Sooper, Harris Teeter and Food 4 Less.
Two of the largest supermarket chains in America are merging
CNN, Oct 14 2022 12:41 PM EDT
Kroger announced today that it plans to buy Albertsons in a nearly $25 billion deal that could change the US retail industry and impact how millions of customers buy their groceries. The deal, which is expected to close in 2024, would combine two of the largest supermarket chains in the country and create one of its largest private employers. The two companies have a combined 710,000 workers, nearly 5,000 stores and more than $200 billion in sales.
https://www.cnn.com/2022/10/14/busin...ger/index.html
"Wow, this company really believes in diversity! Two-thirds of the employees pictured on their website are minorities." Yeah, and those two-thirds could very well be fake.
That company's 'About Us' page may be full of fake pictures of 'people' who don't actually exist
Insider, Oct 16 2022
Some companies are using fake images of "staff" who don't exist on their "About Us" pages in an attempt to make their company look bigger. An investigation by Evan Ratliff for Insider found companies were using Generative Adversarial Network software to create AI-generated pictures on their websites to give the impression that these "people" are staff members. One company owner said he added fake employees to make his company appear bigger than it really was. Ratliff said there are now companies developing software aimed at detecting fake images on company websites and elsewhere on the internet.
https://www.businessinsider.com/ai-g...bsites-2022-10
Pietro Barilla founded a bakery in 1877 in Parma, Italy. It grew into a worldwide company that makes pasta, breads and sauces. Shoppers are willing to pay more for Barilla pasta because they believe it's made in Italy. It isn't.
Italy's 'No. 1 brand of pasta,' faces a class-action lawsuit over its products that are made in Iowa and New York
https://www.msn.com/en-us/money/comp...rk/ar-AA138Yev
Worldwide, McDonald's sales climbed 9.5% in the third quarter, easiily beating estimates of 5.8% – and the adult Happy Meals, which were introduced earlier this month and sell for $12, have led to a huge increase in customers. Shares of McDonald's closed today at 274.52, a gain of 9.41 (3.55%).
McDonald’s stock hits all time high
https://www.cnn.com/2022/10/28/busin...ock/index.html
Penguin Books was founded in 1935 in London. Random House was founded in 1927 in New York City. The two publishers merged in 2013 to become the world's largest publishing company. Unless Penguin Random House's appeal of a judge's decision is successful, the company will not immediately be getting any larger.
Judge blocks Penguin Random House-Simon & Schuster merger
https://www.npr.org/2022/11/01/11330...chuster-merger
Forbes estimates Elon Musk's net worth at $200 billion. It fell by $9 billion after he purchased Twitter. The wealthiest person in the United States is in the process of ensuring that 3,700 employees will be out of a job.
Elon Musk begins mass layoffs at Twitter
Half of the company's employees could see their jobs eliminated.
https://www.huffpost.com/entry/twitt...b024c30191db9e
Zuckerberg announced that 13% of Meta's workforce will be cut. Jeffrey tech analyst Brent Thill said the layoffs "should provide a minimum 8% boost to FY23 earnings per share." Shares of Meta closed today at 101.47, a gain of 5.00 (5.18%).
Meta announces more than 11,000 layoffs
"I know this is tough for everyone and I’m especially sorry to those impacted,” said CEO Mark Zuckerberg.
https://www.huffpost.com/entry/meta-...b01727bbd3748f
Shares of Amazon closed today at 96.63, a gain of 10.49 (12.18%).
Amazon becomes world’s first public company to lose $1 trillion in market value
Amazon market cap shrinks to $879 billion from $1.88 trillion.
https://www.bloomberg.com/news/artic...-in-value-lost
I thought Elon Musk said he was a "shrewd businessman" and a "great deal-maker." No, wait. I'm thinking of somebody else.
Things sure don't seem to be going well at Twitter
"Bankruptcy isn't out of the question," Elon Musk told employees today.
https://www.huffpost.com/entry/twitt...b0343861412df7