Tesla Awards Musk $29 Billion in Stock

 

Tesla granted Elon Musk a $29 billion stock award, aiming to retain him as CEO amidst recent controversies. This follows a Delaware court's rejection of his 2018 compensation package. The grant, described as a "good faith" measure, comes despite Tesla's declining profits and stock price, partly attributed to Musk's...

Trump's Endorsement Boosts American Eagle Stock

 

American Eagle's stock surged over 15% after Donald Trump endorsed its Sydney Sweeney ad campaign. Trump's Truth Social post praising Sweeney and the jeans' popularity boosted the stock, reversing a recent decline following criticism of the campaign's slogan, "Sydney Sweeney has great jeans." Critics labeled the slogan a...

New York Post Launches California Newspaper in 2026

 

The New York Post Media Group announced the launch of The California Post in early 2026. This new venture, headquartered in Los Angeles, will offer a Californian perspective on news, entertainment, sports, and more across various platforms, including print, digital, and audio. The publication aims to provide common-sense...

Paramount's New Leadership Team Announced

 

Skydance's acquisition of Paramount Global is nearing completion, with David Ellison announcing a new C-suite. Jeff Shell will be president, Andy Gordon COO. George Cheeks remains as chair of TV media, Cindy Holland leads streaming, and Dana Goldberg and Josh Greenstein co-chair the studio. The new leadership...

Paramount-Skydance Merger Unveils New Executive Team

 

Skydance Media's merger with Paramount Global, closing August 7th, has announced its new executive team. David Ellison will be CEO, Jeff Shell President, and Andy Gordon Chief Strategy Officer and COO. The company will be structured into Studios, Direct-to-Consumer (DTC), and TV Media segments. Key executives include George Cheeks...

Weak Jobs Data Signals Potential US Recession

 

US markets are anticipating a selloff following weaker-than-expected jobs data, revealing a slowing economy. Futures for the Dow, S&P 500, and Nasdaq are down. The 10-year Treasury yield is flat, while gold rose and oil prices fell. Economists warn of a potential recession, contradicting previous optimism about the...

Boeing Workers to Strike Amid Contract Dispute

 

Approximately 3,200 Boeing workers in Missouri and Illinois will strike at midnight Monday after rejecting a modified four-year labor contract. The union, IAM District 837, stated the contract failed to adequately compensate workers for their expertise and ensure family security. The rejected offer included a 40% average wage...

Delta Rejects AI-Based Personalized Airfare Pricing

 

Delta Air Lines has confirmed it will not use artificial intelligence to personalize ticket prices after facing criticism from US lawmakers and public concern. Following concerns that AI would be used to set individual prices based on personal data, Delta clarified in a letter that it does not and...

Markets Stumble on Weak Jobs, Tariffs

 

Global markets experienced a downturn last week, with the S&P 500, Dow Jones, and Nasdaq falling due to weak jobs data, new US tariffs, and mixed corporate earnings. The July jobs report showed significantly fewer jobs added than expected, leading to the firing of the Bureau of Labor Statistics...

Nantucket Fights Chain Store Invasion

 

A high-end sleepwear brand, Roller Rabbit, opened a store in Nantucket, violating the island's ban on franchises. Despite a cease-and-desist order, the store rebranded as "The General Store by RR", adding other brands to avoid the ban. Nantucket officials claim the ban still applies, as enforcement relies on...