Opinion: Sorry, Elon, a ‘super app’ is never going to fly in the U.S.
“Super apps” have never truly existed in the United States, and it is apparent at this point that they never will. That isn’t stopping some executives and investment analysts from still dreaming of becoming one-stop shops for their users’ needs, something only a small handful of apps in Asia have managed to do. The most […]
Goldman Sachs CEO David Solomon hopeful about IPOs
The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told CNBC’s David Faber. Firms including chip designer Arm and Instacart have filed to go public, and companies that are mulling listings will watch how those IPOs go, Solomon said Thursday during the interview. “Over the course of […]
Disney drops all but free speech claim in political retaliation suit against DeSantis
A person wearing a mouse costume holds a Governor Ron DeSantis poster stands where supporters of Florida’s Republican-backed “Don’t Say Gay” bill that bans classroom instruction on sexual orientation and gender identity for many young students gather for a rally outside Walt Disney World in Orlando, Florida, U.S. April 16, 2022. Octavio Jones | Reuters […]
New York City Airbnb hosts cancel guests due to new short-term rental laws, leaving them high and dry
New rules curbing short-term rentals went into effect this week in New York City. But the stricter laws have left some travelers scrambling due to last-minute cancellations. A new ordinance requires all short-term-rental hosts to be registered with the city, live in the place they are renting, be present when someone is staying, and host […]
GM offers wage increases, hefty bonuses in UAW contract fight
UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – General Motors on Thursday offered its largest four-year wage increase in decades as […]
My 103-year-old grandmother’s adviser bought 5 bank stocks. She lost $300K.
Dear Quentin, I am the trustee/executor for my 103-year-old grandmother. She is alive and mostly doing fine. Lately, she has been allowing me access to her finances so there are no surprises when she dies. I just reviewed her investment-account statements and found that her adviser bought hundreds of thousands of…
New Covid vaccines effective against BA.2.86 variant
Artur Widak | Nurphoto | Getty Images New Covid vaccines from Moderna and Pfizer produced a strong immune response against BA.2.86, a highly mutated omicron variant that health officials are watching closely, the companies said Wednesday. Moderna said its updated shot produced an 8.7-fold increase in protective antibodies against BA.2.86 in a clinical trial. Pfizer […]
Comcast, Disney move up deadline to decide Hulu future ownership
Rafael Henrique | SOPA Images | LightRocket | Getty Images The timeline to decide Hulu’s ownership fate has been moved up, Comcast CEO Brian Roberts said Wednesday. Comcast and Disney are set to begin those discussions on Sept. 30, months earlier than the initial January 2024 deadline. The talks will include an appraisal process. Under […]
Movers & Shakers: GameStop shares pop on better results, and other movers early Thursday
AI group C3.ai sees shares dip despite results meeting forecasts.
Barbie wins summer box office, Taylor Swift might not save fall
A scene from “Barbie.” Courtesy: Warner Bros. Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare such as “Barbie” and “Oppenheimer” that fueled the industry’s haul of $4 billion, a 19% jump from last year. Starting the first Friday in May and running through Labor Day […]
