Tag: Business & Markets

[EXCLUSIVE] Matt Taibbi: How Hidden Actors Distort Reality, Manipulate the Public, and Enforce Consensus

“This is the new technology of speech in America: You can dial people all the way up to ‘everybody sees it,’ and you can dial someone else down to ‘it’s almost impossible to see them.’ And that is extremely dangerous, and it’s especially dangerous if it’s done in secret and nobody knows exactly how it…


American Airlines Boosts Pilot Contract Offer by $1 Billion

American Airlines has sweetened its new pilot contract by over $1 billion to match a preliminary deal reached between rival United Airlines and its aviators last week. American said Friday that the overall proposed four-year contract value has been raised to $9 billion. The airline added that it would match the pay rates and retroactive…


[PREMIERING NOW] [EXCLUSIVE] Matt Taibbi: How Hidden Actors Distort Reality, Manipulate the Public, and Enforce Consensus

“This is the new technology of speech in America: You can dial people all the way up to ‘everybody sees it,’ and you can dial someone else down to ‘it’s almost impossible to see them.’ And that is extremely dangerous, and it’s especially dangerous if it’s done in secret and nobody knows exactly how it…


US Appeals Court to Reconsider Decision on Elon Musk’s Tweet About Unions

A federal appeals court on Friday said it will reconsider its recent decision that Tesla Chief Executive Elon Musk violated federal labor law by posting on Twitter that employees would lose stock options if they joined a union. The 5th U.S. Circuit Court of Appeals in New Orleans granted Tesla’s request to revisit the case…


The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 4.4)

A similar folly can be seen with the way some people view real estate, which has many investment subcategories. Studies have shown that while residential realty values are immediately sensitive to interest rates and to recessions and booms, commercial real estate is less sensitive because of long-term leases. Experts agree, though, because of statistical studies,…


TSMC Delays Arizona Factory Opening Due to Insufficient Skilled Local Talent

Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chipmaker, will delay production at its new Arizona chip plant to 2025 due to a shortage of skilled labor. The year-long delay comes as trade relations between Washington and Beijing, have deteriorated over the past several years. TSMC Chairman Mark Liu broke the news to investors on a…


[PREMIERING 7:30PM ET] [EXCLUSIVE] Matt Taibbi: How Hidden Actors Distort Reality, Manipulate the Public, and Enforce Consensus

“This is the new technology of speech in America: You can dial people all the way up to ‘everybody sees it,’ and you can dial someone else down to ‘it’s almost impossible to see them.’ And that is extremely dangerous, and it’s especially dangerous if it’s done in secret and nobody knows exactly how it…


FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Mr. Bankman-Fried’s Alameda Research hedge fund; former FTX technology chief…


Amazon Announces Bold Plan to Launch Thousands of Satellites, Rivaling SpaceX

Amazon announced on Friday a plan to launch thousands of satellites from the Space Coast to compete with Elon Musk’s SpaceX Starlink service. Amazon is setting up a $120 million facility for Project Kuiper, its future low Earth orbit broadband satellite network, at Kennedy Space Center’s former Shuttle Landing Facility in Florida. The 100,000-square-foot facility…


Stock Market Today: Wall Street Closes Another Winning Week by Barely Moving

NEW YORK—Wall Street closed out another winning week with a quiet Friday, as stocks found some stability after sliding the day before. The S&P 500 edged up by 1.47, or less than 0.1 percent, to 4,536.34 to cap its eighth winning week in the last 10. The Dow Jones Industrial Average added 2.51 points, or…