Tesla launches short term rentals in California

 

Tesla has launched short-term rentals to counter falling US sales after federal EV tax credits expired. Available now at Tesla stores in San Diego and Costa Mesa, with expansion planned by year’s end, the program offers three to seven days from $60 per day. Renters get free Supercharger charging, supervised...

Andreessen Horowitz leads Gamma funding round

 

Gamma, a startup that turns text into polished presentations and more, will announce $68 million in new funding at a $2.1 billion valuation, led by Andreessen Horowitz. The profitable company says it has 70 million customers, including over 600,000 subscribers, generates about $100 million in annual revenue, and runs with...

Visa Mastercard offer revised settlement cutting swipe fees

 

Visa and Mastercard unveiled a revised settlement to end two decades of merchant litigation over alleged antitrust violations and costly swipe fees, after a judge rejected a prior $30 billion deal. The new accord, pending court approval, would cut interchange rates by 0.1 percentage points for five years, cap standard...

Albert Edwards sees artificial intelligence bubble

 

Societe Generale global strategist Albert Edwards is certain there is an artificial intelligence bubble, arguing that, as with other manias he has witnessed, it is propelled by a 'brilliantly plausible narrative' persuasive enough to make even seasoned skeptics waver.

FAA grounds MD11 aircraft after fatal crash

 

The Federal Aviation Administration grounded all McDonnell Douglas MD-11 aircraft after UPS and FedEx grounded their MD-11s, following a UPS MD-11 that crashed shortly after takeoff in Louisville, killing 14. The FAA’s emergency order cites a potential unsafe condition; the cause remains under investigation. The carriers say contingency plans will...

Gen Z embraces high paying blue collar careers

 

Blue-collar jobs are surging in appeal, with two in five Gen Z adults pursuing trades, a Resume Builder survey of 1,434 young adults in May 2025 finds. Vocational programs are booming as many see strong pay and rising college costs. Resume Genius released a list of the 10 highest-paying roles,...

Experts warn IRA beneficiary mistakes costly

 

Millions of Americans now hold IRAs, but a simple oversight can be costly, a Prudential Retirement Strategies expert warned at a financial planning conference in Las Vegas. Failing to update beneficiary designations—sometimes leaving an ex-spouse in place—can supersede a will and send accounts through probate. If no beneficiary is named,...

Flight cuts and MD11 groundings squeeze cargo

 

The FAA’s order to cut domestic schedules by 10% at 40 airports, coupled with UPS and FedEx grounding MD-11 fleets after a Louisville crash that killed 14, is squeezing U.S. air cargo as the holidays near. The carriers say most flights run outside the restricted hours and critical shipments are...

Tech stocks slide amid AI jitters

 

Tech stocks stumbled as the Nasdaq Composite Index fell 3%, its worst week since President Donald Trump announced a sweeping tariff plan in April, stoking worries that enthusiasm for artificial intelligence may be cooling. Palantir slid 11%, Oracle 9%, and Nvidia 7%, while Meta and Microsoft, which said they will...

YouTube TV offers credit amid Disney blackout

 

With ESPN, ABC and other Disney channels still dark on YouTube TV since Oct. 30, the service will begin issuing a one-time $20 credit to eligible subscribers starting Sunday, Nov. 9, with all credits sent by Wednesday, Nov. 12. The companies remain far apart on fees, trading accusations over negotiations...